CONTENTS: INTRODUCTION - ASHFORD, KENT - BATH, SOMERSET - BECKENHAM, KENT - BEDFORD, BEDFORDSHIRE - BILLERICAY, ESSEX - BIRMINGHAM CITY CENTRE, BIRMINGHAM - BOURNEMOUTH, SUSSEX - BRENTWOOD, ESSEX - BRIGHTON, SUSSEX - CAMBRIDGE, CAMBRIDGESHIRE - CANTERBURY, KENT - CARDIFF, WALES - CHELMSFORD, ESSEX - CLEETHORPES, LINCOLNSHIRE - COLCHESTER, ESSEX - EPPING, ESSEX - GRANTHAM, LINCOLNSHIRE - GREAT YARMOUTH, NORFOLK - GUILDFORD, SURREY - IPSWICH, SUFFOLK - KETTERING, NORTHAMPTONSHIRE - KINGS LYNN, NORFOLK - LEICESTER, NORTHAMPTONSHIRE - LIVERPOOL CITY CENTRE, LANCASHIRE - LUTON, BEDFORDSHIRE - MANCHESTER, LANCASHIRE - MILTON KEYNES, BEDFORDSHIRE - NORWICH, NORFOLK - OXFORD, OXFORDSHIRE - PETERBOROUGH, CAMBRIDGESHIRE - READING, BERKSHIRE - ROMFORD, ESSEX - SOUTHEND-ON-SEA, ESSEX - ST ALBANS, HERTFORDSHIRE - STANSTED, ESSEX - SWINDON, BERKSHIRE - WELWYN GARDEN CITY, HERTFORDSHIRE - WISBECH, CAMBRIDGESHIRE
| Area: | KINGS LYNN, NORFOLK | |||||||
| Category: | A | |||||||
| Investor Profile | Pension, Retirement, Business and Cash&Equity | |||||||
| Population aged 15+: | 31,041 | |||||||
| Actual | National Average | |||||||
| Percentage Class ABC1: | 41% | 4% | ||||||
| Crime: | Violence | Sexual | Burglary | Motor | ||||
| Per 1000 population | 7 | 1 | 5 | 3 | ||||
| Yield Range: | 6.4% - 9.5% | |||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | ||
| Flats&maisonettes | 44,000 | 66,000 | 80 | 109 | 8.6% | 9.5% | ||
| Terraced | 60,000 | 90,000 | 85 | 116 | 6.7% | 7.4% | ||
| Semi-detached | 72,000 | 108,000 | 97 | 132 | 6.4% | 7.0% | ||
| Detached | 121,600 | 182,400 | 209 | 284 | 8.1% | 9.0% | ||
| Valuations above the national average by: | 0% | |||||||
| Actual | National Average | |||||||
| Capital growth last 12 months: | 20% | 18% | ||||||
| Capital growth last 5 years: | 88% | 80% | ||||||
| Large employers in the area: | Biddles (Bookbinders) Ltd, CPC King's Lynn Ltd., Sanford UK Ltd. Tollit & Harvey Ltd. | |||||||
| Demand For Letting: | Good | |||||||
| Average void period: | 2 week | |||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | ||||||
| Out of 10: | 10 | 5 | 5 | |||||
| Summary: | This place has it all for any serious property investor. | |||||||
| Description: | Kings Lynn’s population is set to grow by over 10% by 2011 and is part of the Eastern Region which is the fastest growing region in the UK. It is at the intersection of the A10, A17 & A47, the 3 main routes to the Midlands, East Anglia and The South. The A47 is part of the EU designated Trans European Road Network. Kings Lynn is close to the coast and is the gateway to Northern Europe and Scandinavia. It is also close to Norwich Airport. Kings Lynn has a wide range of historic buildings and architecture hinting at it's nautical and fishing industries. This area is a key service centre serving West Norfolk and parts of Lincolnshire and Cambridgeshire. Its town centre has not only a great range of quaint little shops but has a touristy feel to it, where there are visitor attractions, museums and a well supported market three days a week. Shopping facilities include a wide range of national chains as well and there is loads of parking within the town, as well as regular bus and train services. This all makes Kings Lynn a great place to live and people who live here tend not to leave. As you can see that the property prices are a lot cheaper than the national average which means that the yields are fantastic but also, due to the population increase predictions the prospect for capital growth is fantastic too. | |||||||
| Mainline railway station: | 1½ hours to London Kings Cross | |||||||
| Road Access: | Main access A17, A47 83 miles east of Nottingham 44 miles from M11 78 miles from M1/M69 | |||||||
| Local Newspaper | Lynn News 01553 761188 | |||||||
| Estate Agents: | Name | Address | Tel | Web | ||||
| The Property Bureau | 50 King Street King’s Lynn Norfolk PE30 1ES | 01553 777878 | www.thepropertybureau.com | |||||
| Fisher Associates | 1 hall Orchards Middleton King’s Lynn Norfolk PE32 1RY | 01553 844070 | ||||||
| Sowerbys | Market Place Burnham Market King’s Lynn Norfolk PE31 8HD | 01328 730340 | www.sowerbys.com | |||||
| Brittons Estate Agents | 21 Norfolk Street King’s Lynn Norfolk PE30 1AN | 01553 692828 | ||||||
| Bedford Estate Agents | The Bower House Market Place Burnham Market King’s Lynn Norfolk PE31 8HF | 01328 730500 | ||||||
| Letting Agents: | Name | Address | Tel | Web | ||||
| Bradford & Bingley Letting Agents Charles Hawkins | 23, Tuesday Market Place King's Lynn Norfolk PE30 1JR | 01553 773077 | www.bbg.co.uk | |||||
| Rounce & Evans Property Management | 3, Jubilee Court Dersingham King's Lynn Norfolk PE31 6HH | 01485 541843 | www.rounceandevans.co.uk | |||||