2-bedroom flat · PE30 5DY
For saleReduced £19.9k (−15.4%) on 21 JunListed 350 days
Opportunity summary
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About
A Grade II * listed 2 bedroom, 1 bathroom apartment situated in an elegant Georgian building close to the Town Centre.
The property comprises a Grade II * listed property situated in the historic quarter of the East Anglian market town of King's Lynn and will appeal to those who appreciate the architectural beauty of Georgian and period homes.
The property is situated within Lath Mansion, the elegant home of 5 generations of the Samuel Browne dynasty constituting one of the great merchant families in King's Lynn in the 18th century.
Nelson Street has listed buildings ranging from the 14th century to 1819. Lath Mansion is an imposing property with a pedimented doorway flanked by solid pillars.
The rear part of the edifice is thought to date from about 1670.
In the first part of the 18th century the original 17th century house was refaced with a Georgian elevation which will celebrate its 300th anniversary later during the 21st century.
There is a grand communal staircase from the spacious main hall up to the first floor gallery with splendid ceiling plasterwork.
Case is a second floor apartment installed with gas fired radiator central heating and briefly comprises entrance hall, drawing room, kitchen, 2 bedrooms and bathroom.
Outside, there is a communal walled garden and residents' parking are opposite.
Entrance Hall 3.49m x 0.99m (11' 5" x 3' 3") Panelled front entrance door, radiator in radiator cover, intercom phone, part panelled walls, door into the drawing room and steps down into the inner hallway.
Drawing Room 5.77m x 5.02m max into recess (18' 11" x 16' 6" max into recess) 2 sash windows to front, panelled walls, electric coal-effect fire with painted wooden surround, 2 radiators both in radiator covers and recessed display shelving.
Inner Hallway Understairs storage cupboard, cupboard housing the gas boiler with further cupboard above housing the water tank.
Kitchen 2.39m x 2.03m into window recess (7' 10" x 6' 8"into window recess) Wood effect worktops with 1.5 bowl sink unit and mixer tap, cupboards and drawers under, 4 ring hob with extractor over and oven under, sash window to side, tiled splashbacks, matching wall units, space and plumbing for washing machine, space for fridge and tiled floor.
Bedroom 1 4.05m x 2.72m (13' 3" x 8' 11") Sash window to side, radiator in radiator cover and cupboard housing the electric trip switches.
Bedroom 2 3.06m x 2.94m (10' 0" x 9' 8") 2 sash windows to side, radiator in radiator cover, 2 built-in wardrobes with hanging rails and shelves.
Bathroom 2.19m x 1.72m (7' 2" x 5' 8") Panelled bath with mixer tap and shower attachment, low level WC, pedestal wash hand basin, sash window to side, radiator, shaver socket and tiled floor.
Lease Information There are 88 years remaining on the lease. The annual service charge is 11% for Case which is presently £2156 plus £50 Ground rent = £2206 in total.
The service charges (and ground rent) are payable end of march and end of September each year at £1103 per half year.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Case, 9 Lath Mansion, Nelson Street, King's Lynn
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