2-bedroom terraced house · PE30 4WU
Sold STCListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Your new home The ground floor in this 2 bed home consists of a kitchen, lounge/diner and WC. The first floor has two spacious bedrooms along with a family bathroom.
Private rear garden and off-road parking for two cars.
Dimensions Ground Floor Living Room 4897mm x 4589mm (approx.) Kitchen 3303mm x 2312mm (approx.) First Floor Bedroom 1 3283mm x 3803mm (approx.) Bedroom 2 4896mm x 2799mm (approx.) Bathroom 2059mm x 1964mm (approx.) What is shared ownership?
Shared Ownership enables you to buy a share in the home via a mortgage or savings and you pay a reduced rent on the part you do not own.
The initial percentage that you buy would be between 25% and 75% based on what you can afford.
There will also be a service charge of approximately £14.11 per month to cover building insurance for the property. You will also need to pay council tax and utility costs. Am I eligible?
To qualify for shared ownership you will need to meet the following criteria: * Annual household income less than £80,000 * Unable to purchase a home suitable for your needs without assistance * Not a current home owner (or named on the deeds of another property) in the UK or abroad.
However, you may be an existing shared owner or having to sell your current property for example due to relationship breakdown and unable to afford suitable home on the open market.
* No outstanding credit issues (ie unsatisfied defaults or County Court Judgements) The Development Located in Gaywood, King's Lynn, Florence Fields is a carefully considered collection of 2, 3 and 4 bedroom homes, built by Lovell in conjunction with the Borough Council of King's Lynn & West Norfolk.
Following a research project with King's Lynn Academy, students put forward a selection of development names, road names and logos for consideration.
Their ideas covered everything from the town's history as a port and links to witchcraft, through to King's Lynn being a member of the Hanseatic League.
The chosen development name takes inspiration from Florence Green, the world's last-known World War I veteran, who was a member of the Women's Royal Air Force and lived in the local area.
Appealing to buyers at all stages of the property ladder - from first time buyers to growing families, or those looking to rightsize - the choice of house styles available ensures that everyone is well-catered for.
The Location Nestled in the heart of West Norfolk, King's Lynn offers a dynamic blend of leisure, work, and community spirit.
This bustling town is not just a place to live, but a vibrant hub of activity, where locals and visitors alike come together to enjoy life's pleasures.
From weekend strolls to beachside adventures, King's Lynn and its surrounding areas promise endless opportunities for relaxation and fun.
Those who love the outdoors will delight in the abundance of spaces and scenic walks that King's Lynn has to offer.
Take a leisurely stroll around Castle Rising, one of the most famous 12th century castles in England where picturesque views await, or head to The Walks - a beloved public park in the heart of the town, where you can join in social events like Fawkes in the Walks or enjoy an energising Park Run every Saturday morning.
Just a few miles away, the stunning North Norfolk coast beckons with its pristine beaches in Old Hunstanton and Holkham.
Spend a day basking in the sun, building sandcastles, or exploring the quaint seaside towns that dot the coastline.
Getting around the area is a breeze and doesn't necessarily mean taking the car - the town has great local transport options, including the Coastliner bus service which can take you from King's Lynn to Wells-next-the-Sea, stopping off at the other glorious villages and seaside towns located along the way.
When heading further afield for a day out or weekend away, both Cambridge and London are accessible via direct trains from King's Lynn station.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Parkway, Gaywood, King's Lynn, Norfolk, PE30 4WU
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