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17 Wisbech Road, King's Lynn, Norfolk PE30 5JP
Marketed by:
Auction House East Anglia
The Barn, Newmarket Rd, Cringleford, Norwich NR4 6UE, UK
01603 505 100
Block of Apartments - 17 Wisbech Road, King's Lynn, Norfolk
17 Wisbech Road, King's Lynn, Norfolk PE30 5JP
Postponed
Key Features
Block of Apartments - 17 Wisbech Road, King's Lynn, Norfolk
Current status: Withdrawn
Auction House East Anglia – 9 September 2026
Suggested strategy: Buy-to-Let / Resale
Description
An investment opportunity to purchase this block of five flats, currently producing £39,600 pa This block of five flats would be an ideal investment purchase, currently producing £39,600 pa. Previously one house, 17 Wisbech Road (The Old Bakery) is now separated into five individual flats. Outside there is a courtyard to rear and and outbuilding requiring work.
Location
17 Wisbech Road, King's Lynn, Norfolk PE30 5JP. Located in the PE30 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.
Investment Analysis
Investment Snapshot
Guide Price | Not currently published – Withdrawn |
Refurbishment / Works Budget | HB indicative £12,000–£25,200 |
HB Indicative GDV / Value | £175,000–£224,000 |
Estimated Private Rent | £700–£975 pcm |
Potential Annual Rent | £8,400–£11,700 pa |
Suggested Strategy | Buy-to-Let / Resale |
Strategy Recommendation
Initial strategy: Buy-to-Let / Resale. 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 buy-to-let / resale strategy with adequate contingency.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆
Auction Details :
Auction House East Anglia
Auction Date :
09/09/26
Lot Number :
94
Property Location:
17 Wisbech Road, King's Lynn, Norfolk PE30 5JP
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Build Cost Calculator - Estimate refurbishment, extension and construction costs.
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Building Suppliers in your area
Tradespersons in your area
Professionals in your area
CEF Kings Lynn
Electrical Suppliers
Tel:
01553760822
Plumbase Kings Lynn
Plumbing & Heating
Tel:
01553769699
Travis Perkins Kings Lynn
Builders Merchant
Tel:
01553 692300
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