Summary - 28, Friars Street PE30 5AP
1 bed 1 bath Apartment
Compact buy-to-let with long lease and tenant in place for immediate income.
- Ground-floor one-bedroom flat, approximately 388 sq ft
- Tenant in situ — available to investors only
- Leasehold with 107 years remaining
- Service charge approximately £1,100 per year
- Gas central heating and double glazing throughout
- Small internal size; limited living space
- Located in a very deprived area with high crime rates
- Reduced price from £90,000 to £87,000
This ground-floor one-bedroom flat in central King’s Lynn is presented as an investment purchase with a tenant in situ. At about 388 sq ft, the compact layout includes a lounge, fitted kitchen, bedroom and bathroom; gas central heating and double glazing are already in place. The lease has 107 years remaining and the property is offered at a reduced price, providing immediate rental income potential.
Buyers should note this is a leasehold with an average service charge of around £1,100 and a small overall footprint — better suited to investors or buy-to-let portfolios than those needing generous living space. The building dates from the late 1990s–early 2000s and appears well maintained from interior descriptions, though purchasers must arrange their own checks on services and appliances.
Location strengths include walking-distance amenities, good broadband and mobile signal, and nearby transport links into Ely, Cambridge and London. Material drawbacks include a very deprived local area classification, high local crime levels and an Eastern European transitional neighbourhood profile — factors that can affect tenant mix and long-term capital growth.
This property suits investors seeking a low-entry buy-to-let with immediate income and a long lease. Essential next steps are verifying tenancy terms, confirming service charge details, and commissioning standard surveys and appliance checks before exchange.
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