2-bedroom flat · PE30 5DY
For saleListed 19 daysAuction 21 Oct · tomorrow
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Grade II * listed two bedroom second floor apartment situated in a Georgian building close to the Town Centre.
This Grade II * listed two bedroom apartment is situated in a Georgian building on the second floor and close to the Town Centre with vacant possession.
The property is accessed via a grand communal staircase from the spacious main hall up to the first floor and further staircase to the second floor.
Briefly comprising entrance hall, drawing room, kitchen, two bedrooms and bathroom. Outside, there is a communal walled garden and residents' parking via narrow access are opposite.
Nelson Street is situated in the historic part of King's Lynn and within walking distance of the High Street and the river front.
Tenure
Leasehold.
Accommodation
Entrance hall, drawing room, kitchen, two bedrooms and bathroom
Outside
Communal walled garden and residents' parking via narrow access are opposite
Council Tax Band
B
Lease Details
Term: 115 years from 18 December 1998 (88 years remaining) Service charge: £2,156pa Ground Rent: £50pa
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Kings Lynn and West Norfolk Borough Council
Solicitors
Fraser Dawbarns (Kings Lynn), Ref: Henna Lynch, Tel: 01553 666600
Offered in association with
Belton Duffey (Kings Lynn)
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £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.
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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 9 Lath Mansion, 15 Nelson Street, King's Lynn, Norfolk PE30 5DY
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