King's Lynn

Area Guide For King's Lynn

King's Lynn is a sea port and market town in the ceremonial county of Norfolk in the East of England. It is situated 97 miles (156 km) north of London and 44 miles (71 km) west of Norwich. The population of the town is 42,800. The town has two theatres, museums and other cultural and sporting venues. There are three secondary schools and one college. The service sector, information and communication technologies and creative industries, provide limited employment for the population of King's Lynn and the surrounding area. The etymology of King's Lynn is uncertain. The name Lynn is said to be derived from the body of water near the town (the River Great Ouse as it prepares to enter the Wash) the Celtic word Llyn, means a lake; but the name is plausibly of Anglo-Saxon origin, from the word Lean, implying a tenure in fee or farm. For a time it was named Len Episcopi (Bishop's Lynn) while under the jurisdiction, both temporal and spiritual, of the Bishop of Norwich but during the reign of Henry VIII it was surrendered to the crown, and it then assumed the name of Lenne Regis, or King's Lynn. In the Domesday Book, it is known as Lun, and Lenn and is described as the

 
 

King's Lynn Map

Estimated Price: £210,254
Average Asking Price: £271,685
Price change in last one year: £11,561
Average Price Paid: £184,136
Average Rent Rates: £1,024

 
 

Property Prices Breakdown in King's Lynn

Average Price for property in King's Lynn is around £210,254 which varies based on type of property you are interested in and ranges from £274,354 for detached house to around £175,542 for semi-detached. Similarly terraced house is around £146,112 and a flat is worth £101,857. Values have been changing and have risen £637 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,343 in last 6 months, £11,561 in last 1 year, £22,843 in last 2 years, £24,667 in last 3 years, £23,945 in last 4 years and £18,697 in last 5 years.

Currently average asking price of a property in King's Lynn is around £271,685 based on approximately 1,614 properties for sale. Same is the case with rental options based on 103 properties up for rent, average asking rent is around £1,024 per month.

Estimated property value in King's Lynn is £210,254. Average asking price is £271,685 while average price paid is £193,086 which is up by £11,561 and Avg. asking rent £1,024.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in King's Lynn area. In last 1 year alone average price buyer paid is around £193,086 based on approximately 1,614 sales in King's Lynn area alone. If you compare it to last 3 years sales of 4,590 properties where buyers paid around £184,922. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £184,136 for 7,263 and average amount paid for purchase of approx. 9,790 properties sold in last 7 years comes to about £181,093 per sale.

 
 

Properties For Sale in King's Lynn

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £123,800, £157,730 for a 2 bedroom house, £212,425 for a 3 bedroom house, £358,249 for a 4 bedroom house and £508,578 for a 5 bedroom house. For a flat similarly the prices varies from £88,682 for a single bedroom to £109,892 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £144,983. To sum up the asking prices for properties in King's Lynn it comes to around average £100,096 for 1 bedroom property, £150,100 for 2 bedroom, £211,801 for 3 bedroom, £358,249 for 4 bedroom and £508,578 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £425 for 1 bedroom to £554 for 2 bedrooms, £756 for 3 bedrooms, £1,043 for 4 bedrooms and £1,391 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £436. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £521, £550 for 3 bedroom and £1,850 for 5 bedroom. You should be generally be expecting around average £434 rent per month for single bedroom property, £547 for 2 bedroom, £745 for 3 bedroom, £1,043 for 4 bedroom and approximately £1,457 for a 5 bedroom property in King's Lynn area.

Popular Houses in King's Lynn

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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