5-bedroom house · PE30 1ED
Sold STCListed 339 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 3 storey, 5 room HMO with communal areas being situated in a convenient town centre location.
The property was built circa 1880 of solid brick walls under a slate roof and is installed with gas fired radiator central heating and part double glazing.
The accommodation briefly comprises communal entrance hall, communal dining room, communal kitchen, communal shower room and a letting room on the ground floor.
On the first floor are two further letting rooms and a communal bathroom. On the second floor are two further letting rooms. Outside there is a rear yard.
Entrance Hall 4.48m x 0.90m (14' 8" x 2' 11") Electric trip switches, fire control panel, radiator, cupboard housing the water meter and staircase to first floor landing.
Communal Dining Room 2.68m x 2.57m (8' 10" x 8' 5") Cupboard housing the gas boiler, window to rear, radiator, fire alarm, storage cupboard, wood effect flooring and opening into communal kitchen.
Communal Kitchen 2.35m x 2.31m (7' 9" x 7' 7") Fitted worktops with stainless steel sink unit, tiled splashbacks, high gloss white cupboards and drawers under, window, cooker with extractor over, fire alarm, wood effect flooring and opening into rear lobby.
Communal Rear Lobby 2.79m into door recess x 1.29m (9' 2"into door recess x 4' 3") Space for 2 upright fridge freezers, radiator, UPVC double glazed door to rear courtyard garden, loft access, fire alarm and opening into utility area.
Communal Utility Area 2.61m x 1.67m (8' 7" x 5' 6") Fitted worktop areas, space for 2 washing machines, further fridge, fire alarm, non-slip floor and door into shower room.
Shower Room 2.61m x 1.70m (8' 7" x 5' 7") Tiled shower cubicle with Triton Enrich electric shower, low level WC, wash hand basin, radiator, frosted window and non-slip flooring.
Room 1 - £650 Pcm 3.85m x 3.53m (12' 8" x 11' 7") Sah window to front, radiator and fire alarm. First Floor Landing Radiator and fire alarm.
Room 2 - £585 Pcm 3.24m x 2.70m into window recess (10' 8" x 8' 10" into window recess) Window, pedestal wash hand basin with tiled splashback, radiator and fire alarm.
Room 3 - £812.50 Pcm 4.60m x 3.57m (15' 1" x 11' 9") Sash window to front, radiator, 2 built-in cupboards, fireplace (not in use) and fire alarm.
Communal Bathroom 2.39m x 2.28m (7' 10" x 7' 6") Panelled bath with Triton Enrich electric shower over, part tiled walls, extractor, low level WC, pedestal wash hand basin, radiator and non-slip flooring.
Second Floor Landing Window, store cupboard and fire alarm.
Room 4 - £498.33 Pcm 3.04m x 2.70m (10' 0" x 8' 10") Window to rear, fireplace (not in use) radiator, pedestal wash hand basin with tiled splashback and fire alarm.
Room 5 - £628.33 Pcm 4.53m x 3.42m into window recess (14' 10" x 11' 3" into window recess) Fireplace (not in use) sash window to front, built-in cupboard and fire alarm.
Communal Courtyard Garden Paved walled courtyard garden.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 11, Albert Street, King's Lynn
Explore nearby
.png){kind=logo}
