133 Clenchwarton Road, West Lynn, King's Lynn, Norfolk PE34 3LJ

Description

A substantial four/five bedroom detached house standing on a plot of approximately 0.24 acres (stms) This former public house which is now a substantial residential property, stands on a plot of approximately 0.24 acres (stms). The property still retains one of the former pubs main features, the bar area on the ground floor. This is open plan with two reception areas, there is a dining room, kitchen, further reception room/ bedroom, wet room and sauna, all on the ground floor. To the first floor there are four bedrooms, a good sized landing area and bathroom. Outside the garden is of low maintenance to the side and rear with a detached double garage. This really is a rare opportunity to purchase this house which still has potential for improvement both internally and externally. The property is located on a prominent position on the edge of West Lynn village, on the outskirts of Kings Lynn with its range of shopping facilities and main line railway station with direct lines to Cambridge and London Kings Cross.

Location

133 Clenchwarton Road, West Lynn, King's Lynn, Norfolk PE34 3LJ. Located in the PE34 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆