6-7 High Street, King's Lynn, Norfolk, PE30 1BX
PE30 1BX
12,045 sqft (1119 sqm)
Commercial
Proposed layout
Today
£425,000
A commercial property. This is what is being sold.
If converted to flats (subject to PD or full planning)
£2,156,020
Average conversion GDV. Not what it is worth today. Sits in the conversion block below, not in Today's High.
Today's Low / Average / High are the rent capitalised at a yield. They are not Land Registry house £/sqft. Conversion GDV is upside only, before planning, VAT and build cost.
How the three bands are built: net income £37,400 ÷ yield.
Low uses a softer yield.
Average uses the Acuitus / EIG Rest of UK mixed yield of 9.09%.
High uses a keener yield.
Asking £/sqft is a size check only.
Net income £37,400 ÷ yield.
Low: 10.5%
Average: 9.09% (Acuitus / EIG, Rest of UK mixed)
High: 8.0%
Asking £/sqft is a size check only. Not a valuation.
This High GDV of £3,059,380 must never overwrite Today's High. On the live sample it does, which is why High looks like a house AVM.