1/8
£140,000
2 beds · 2 baths
Railway Road, King's Lynn
0.05 miles
away
Freehold
Added on 16/09/2026 William H. Brown
1/7
1/7
£225,000
Guide Price 5 bed commercial property for sale Albion Street, King's Lynn
5
beds 1
bath Commercial property
Freehold
Added on 16/09/2026
About this property
A unique building close to the centre of Kings Lynn that has two years left on a lease which brings in an annual income £31,200. The property is let to one party who has sublet the separate entities of which are an established café, arcade and currently under development a takeaway restaurant. Part of the building has not been changed since it was a school so some updating maybe required.
Key features
- Former School, Currently Let
- Producing Annual Income of £31,200
- Close to Town Centre Next to Bus Station
Location
Albion Street, King's Lynn, PE30 1NJ
- Council tax
- Band D (Approx £2,430/year)The agent has not stated the band, so band D is shown as the local reference: Kings Lynn and West Norfolk's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £225,000
£112k £338k
Deposit10% £23,000
£0 £225k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £202,000 mortgage. Most lenders would want a household income of about £45,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Historic sold prices nearby
HM Land Registry sales in PE30 1NJ. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 5, Albion Street Terraced | Terraced | Jan 2023 | 646 sq ft £155/sq ft | 646 sq ft | £155 | £100,000 |
| 7, Albion Street Terraced | Terraced | Nov 2018 | 753 sq ft £106/sq ft | 753 sq ft | £106 | £80,000 |
| 6, Albion Street Terraced | Terraced | Nov 2018 | 775 sq ft £106/sq ft | 775 sq ft | £106 | £82,500 |
| 1, Albion Street Terraced | Terraced | Jun 2017 | 678 sq ft £147/sq ft | 678 sq ft | £147 | £100,000 |
| 1, Albion Street Terraced | Terraced | Mar 2010 | 678 sq ft £155/sq ft | 678 sq ft | £155 | £105,000 |
| 5, Albion Street Terraced | Terraced | May 2007 | 646 sq ft £170/sq ft | 646 sq ft | £170 | £110,000 |
| 1, Albion Street Terraced | Terraced | Mar 2004 | 678 sq ft £102/sq ft | 678 sq ft | £102 | £69,000 |
| 4, Albion Street Terraced | Terraced | Nov 2001 | 657 sq ft | 657 sq ft | — | £32,000 |
Area insights
The neighbourhood around this property.
Marketed by
William H. Brown, Kings Lynn
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