Brown & Co says ..
*INVESTMENT OPPORTUNITY* *Tenant in Situ, gross yield 8.6% at asking price* Brown&Co offers a first floor, two bedroom property in a modern, gated, apartment building in the heart of King's Lynn close to the town and mainline station to Ely, Cambridge and London.
Property Oracle says ..
This two-bedroom apartment is located in Stonegate Street, King’s Lynn, Norfolk. The property is described as a modern apartment in a gated building with an emphasis on the convenience of its town centre location and its proximity to King’s Lynn’s train station, which provides transport links to Ely, Cambridge and London.
The apartment benefits from a relatively modern kitchen and bathroom, and while these appear clean and functional, there is no indication of high end finishes. The pictures show a generally well-maintained apartment, but the limited space and lack of outdoor area are notable factors to consider.
The provided list price of £115,000 seems to be in line with other recently sold apartments in King’s Lynn, although more specific comparable data to calculate a price per square foot would be beneficial for a precise evaluation. The property appears suitable for owner-occupiers or investors, although potential buyers should carefully weigh the lack of outdoor space. The location is an attractive feature with access to transportation and schools nearby. The lack of information on local shopping facilities and other amenities impacts the overall assessment. This is a fair priced property in good condition, though limited by size and lack of land.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 487.61
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 105,000.00 £Decreased by 43.72 %
- Est sale value
- 55,099.93 £Decreased by 54.98 %
- Average area rental value
- 785.00 £/moDecreased by 5.88 %
- Est letting value
- 0.00 £/moDecreased by 100.00 %
- Est rental Yield
- 8.97 %Increased by 67.35 %
- Crime Rate
- 24.00 %Unchanged by 0.00 %
Agent Activity
Brown & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Visiting Teacher Service West | Miscellaneous | 0.32 KM | |
| Whitefriars Church Of England Primary Academy | Academy Converter | Good | 0.37 KM |
| King'S Lynn Nursery School | Local Authority Nursery School | Good | 0.38 KM |
| Greyfriars Academy | Academy Converter | 0.52 KM | |
| Eastgate Academy | Academy Sponsor Led | Outstanding | 0.87 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Saint James Court | £ 0 | 0 | 0.00 KM |
| Saint Margaret's Lane | £ 0 | 0 | 0.00 KM |
| Hospital Walk | £ 0 | 0 | 0.00 KM |
| White Lion Court | £ 0 | 0 | 0.00 KM |
| Paradise Lane | £ 200,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Kings Lynn | 7115 | KLN | 0.72 KM |
| Watlington | 7057 | WTG | 8.80 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Stonegate Street, King's Lynn | £ 89,000 | BUY | 6 / 10 | 0.00 KM |
| Stonegate Street, King's Lynn, Norfolk, PE30 | £ 120,000 | BUY | 5 / 10 | 0.00 KM |
| Stonegate Street, King's Lynn | £ 125,000 | BUY | Unknown | 0.00 KM |
| Stonegate Street, King's Lynn, Norfolk | £ 95,000 | BUY | 5 / 10 | 0.00 KM |
| Allinson Court Stonegate Street, King's Lynn, PE30 | £ 69,999 | BUY | 5 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 9 Stonegate Street | £ 210,000 | 0.03 KM |
| 19 St James Street | £ 38,000 | 0.10 KM |
| 16 St James Street | £ 197,500 | 0.10 KM |
| 244 Hillington Square | £ 75,000 | 0.13 KM |
| 245 Hillington Square | £ 31,250 | 0.14 KM |