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See how verdicts work4-bedroom house · PE30 2BQ
Sold STCReduced £35k (−23.3%) on 20 MayListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £111,000 An ideal investment opportunity, this end of terrace house currently let as a four room HMO (House of Multiple Occupancy) producing £20,148 pa This end of terrace house is located on a corner position near to Kings Lynn town centre and is currently let as an HMO (House of Multiple Occupancy).
The property has all four rooms let and is producing £1,679 pcm (£20,148 pa), with two rooms paying £455 pcm, one room paying £433 pcm and the other paying £336 pcm.
The house briefly comprises kitchen/dining room, utility room, wc and bedroom to the ground floor with three further bedrooms and bathroom to the first floor.
Outside there is off road parking to front, gardens to both side and rear. Ground Floor Entrance hall, kitchen/dining room, wc, utility, bedroom. First Floor Three bedrooms, bathroom.
Outside Gravelled driveway to front, side and rear garden. Council Tax Band A Tenure: Freehold EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 2 Smith Avenue, King's Lynn, Norfolk PE30 2BQ
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