1-bedroom flat · PE30 5ND
Sold STCListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Norfolk Agents are pleased to offer this well-presented first floor flat, conveniently located within The Maltings in the heart of King’s Lynn.
The property has been fully refurbished with a brand new kitchen, bathroom, heating and upgraded electrics with new flooring throughout and offers an excellent choice for first-time buyers, downsizers or investors.
Available with no onward chain. ACCOMMODATION The property is accessed via a secure intercom system. A welcoming hallway with useful storage leads through to the lounge and brand new kitchen.
The lounge area is filled with natural light from rear facing windows. The kitchen is well equipped with a range of wall and base units, with space and plumbing for free-standing appliances.
The property offers a comfortable bedroom with a rear facing aspect. The refurbished bathroom comprises a three-piece suite with a hand wash basin, W.C. and bath with shower attachment over.
LOCATION The Maltings enjoys a prime location within the main King’s Lynn town centre, the train station with mainline services to Cambridge and London King’s Cross, and a range of local shops, restaurants and amenities all within walking distance.
TENURE: LEASEHOLD - LEASE REMAINING 81 YEARS SERVICE CHARGE - £369.63pa GROUND RENT - £10pa SERVICES The property is connected to mains drainage, electricity, water supply and electric heating.
COUNCIL TAX BAND: A EPC RATING: D. 1. To comply with the Money Laundering Regulations, we must verify your identification documents and source of funds.
These checks are carried out by Coadjute, a regulated third-party provider. A £45 fee (+ VAT) per client applies to cover administration and verification, payable at the outset. 2.
While we endeavour to make our sales details fair, accurate and reliable, they are only a general guide to the property.
If there is any point which is of particular importance to you, please contact the office and we will be pleased to make further investigations. 3.
The measurements indicated are supplied for guidance only. 4. Please note we have not tested the services or any of the equipment or appliances in this property.
We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5.
THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
THE NORFOLK AGENTS LIMITED NOR ANY OF ITS EMPLOYEES HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATSOEVER IN RELATION TO THIS PROPERTY.”
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
Agent & docs
FAQ
About The Maltings Nelson Street Kings Lynn
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