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Westfields, King's Lynn, PE30

East of England

£160,000
Listed on 28/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
980 sqft

Description

This spacious home presents a versatile opportunity for prospective buyers, whether you're contemplating a buy-to-let investment, an HMO arrangement, or a family residence. The layout is thoughtfully designed, with two reception areas on the ground floor, one currently serving as a bedroom which could easily support a four-bedroom configuration. At the rear, the kitchen provides access to a manageable garden space and benefits from a convenient ground floor shower room—ideal for shared living arrangements. On the upper level, you'll find three well-proportioned bedrooms along with a family bathroom. Built-in storage adds practicality to this functional space. Outside, the low-maintenance rear garden includes outbuildings that could be enhanced or repurposed to increase functionality. While the property is currently in working condition, there are notable areas ripe for modernization and improvement. This serves as an advantage for investors looking to elevate value through renovations. Given the current local market trends, average room rents in King's Lynn hover around £125 per week—translating into potential gross monthly income of approximately £2,000 for a four-bedroom setup. With proper management and compliance for HMO standards, this property could yield between 10% and 13%, making it an appealing option for those eyeing high-yield investments.

Investment Analysis

(PE30 area)

Below Market Value

This property is priced -32.4% below area average per sq ft

-32.4%
Potential saving
This Property
£163/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£260,499
10% above area average per sq ft
Potential ROI
+33.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE30)

Area prices are falling by -4.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +12.5%
Investment Disclaimer: Analysis based on PE30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Westfields, King's Lynn, PE30
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£567
Based on a loan of £120,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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