Unique Mixed Use Property in Historic Lynn - Large Flat, Annex, Studio & Barn
LA

Unique Mixed Use Property in Historic Lynn - Large Flat, Annex, Studio & Barn

By Landles

£ 325,000

Reviews

2 out of 5 stars

Landles says ..

Extensive period property with origins from the 1550´s situated on one of the town´s most historic streets with views to the rear over the River Great Ouse. Flexible accommodation - ideal live/work premises with spacious flat, commercial unit, residential annex, barn and parking. First...

Property Oracle says ..

This property presents a unique opportunity in the historic town of King’s Lynn. The listing describes it as a mixed-use property, comprising a spacious flat, commercial unit, residential annex, and barn, all situated on Bridge Street with river views. This offers potential for diverse uses, appealing to both residential and commercial interests. The property has a somewhat dated interior, requiring significant updating, modernisation and refurbishment. The property also benefits from multiple external spaces for amenity including a small courtyard and a rooftop terrace. The price of £325,000 may appear initially reasonable due to the potential mixed-use nature and location in historic King’s Lynn, but the lack of detailed information on the square footage of each component and their state of repair, makes it difficult to confirm this definitively. A thorough survey and potential costs for renovation would be crucial before making any offer. Further research into the desirability of Bridge Street as a location within King’s Lynn is required. Prospective buyers should conduct their own due diligence, obtain professional surveys, and costings for future renovations before committing to a purchase decision. Buyers should also factor in the necessary costs associated with such renovations and the potential challenges of obtaining necessary planning permissions for any intended mixed use.

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
5
Location
7
Land
4
Bedrooms
3
Bathrooms
2
Sqft (est)
1,000.00

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 %
from 186,568.00 £
Est sale value
113,000.00 £
Decreased by 54.98 %
from 251,000.00 £
Average area rental value
785.00 £/mo
Decreased by 5.88 %
from 834.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 1,000.00 £/mo
Est rental Yield
8.97 %
Increased by 67.35 %
from 5.36 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Landles marked this listing as sold.

  • Landles created the listing.

Nearby Schools

NameTypeOfstedDistance
Whitefriars Church Of England Primary AcademyAcademy ConverterGood0.26 KM
Visiting Teacher Service WestMiscellaneous0.30 KM
King'S Lynn Nursery SchoolLocal Authority Nursery SchoolGood0.49 KM
Greyfriars AcademyAcademy Converter0.55 KM
Eastgate AcademyAcademy Sponsor LedOutstanding1.00 KM

Images

IMG_9462

Nearby Streets

NameAverage PriceAverage SqftDistance
Saint James Court £ 000.00 KM
Saint Margaret's Lane £ 000.00 KM
Checker Street £ 000.00 KM
Hospital Walk £ 000.00 KM
Hardings Way £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Kings Lynn7115KLN0.84 KM
Watlington7057WTG8.66 KM

Nearby Listings

AddressPriceTypeScoreDistance
Farrow Court, King's Lynn, PE30 £ 139,950BUY6 / 100.08 KM
Church Street, King's Lynn £ 350,000BUY6 / 100.10 KM
Carmelite Terrace, King's Lynn, Norfolk £ 200,000BUYUnknown0.10 KM
Stonegate Street, King's Lynn, PE30 5HX £ 99,995BUY5 / 100.10 KM
Carmelite Terrace, King's Lynn £ 185,000BUY7 / 100.12 KM

Nearby Properties

AddressPriceDistance
37 Bridge Street £ 167,5000.02 KM
36 Bridge Street £ 162,5000.02 KM
245 Hillington Square £ 31,2500.02 KM
302 Hillington Square £ 19,0000.02 KM
274 Hillington Square £ 57,5000.04 KM