1-bedroom flat · PE30 4EA
Let agreedListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-positioned first floor one-bedroom apartment with parking forming part of the former Swan public house on Gayton Road, Gaywood.
The property is approached via a communal entrance, with stairs leading to the first floor entrance. The accommodation comprises an entrance hallway, sitting room, kitchen, bedrooms and a bathroom.
The apartment also benefits from access to a communal garden. Parking is significant benefit of the property as well as immediate access to the hospital.
Location The property is situated in the heart of Gaywood, a popular suburb of King's Lynn, with a wide range of local amenities close by.
These include Aldi, Tesco, Subway, a tanning salon and a variety of other shops and services.
There is also convenient access to local primary and junior schools, together with good road links providing access to King's Lynn town centre and the surrounding area.
Availability The property is vacant and available immediately.
INFORMATION DEPOSIT - The equivalent of 5 weeks rent £692.30 VIEWING - Strictly by appointment with the agent, Brown & Co, Market Chambers, 25 - 26, Tuesday Market Place, King's Lynn, PE30 1JJ.
Tel: AGENTS NOTE Before the tenancy starts payable to Brown & Co: - Deposit: 5 weeks rent (6 weeks if rent over £50,000 per annum) During the tenancy payable to Brown & Co: - Variation of Contract at your request: £50 (inc.VAT) per agreed variation.
- Change of Sharer at your request: £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
- Early Termination at your request: You will be liable to the landlord's costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy.
These costs will be no more than the maximum amount of rent outstanding on the tenancy.
- Unpaid Rent - payment of interest charged at 3% above the Bank of England Base Rate - Lost key(s) or other Security Device(s): You are liable to the actual cost of replacing any lost key(s) or other security devices(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys will be charged to you.
If extra costs are incurred there will be a charge to you of £15 per hour (inc. VAT) for time taken replacing lost key(s) or other security devices(s).
As well as paying the rent you may also be required to make the following permitted payments - (payable to the landlord) if applicable: Utilities - gas, electricity, water or other.
Communication - telephone and broadband. Installation of cable/satellite. Subscription to cable/satellite supplier. Television licence. Council Tax.
Brown & Co LLP is a member of RICS Client Money Protection Scheme, RICS Firm Reference: 016189 which is a client money protection scheme, and also a member of The Property Redress Scheme, Membership Number: PRS012758 which is a redress scheme.
You can find out more details on the agent's website or by contacting the agent directly.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 The Swan, Gayton Road
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