King's Lynn Property Market Overview
West Norfolk market town with heritage waterfront and growing residential demand
The King's Lynn property market recorded 1,674 residential sales over the past 12 months, with a median sale price of £260,000. This places King's Lynn £2k below the Norfolk county median of £262,000, and £25k below the UK national median of £285,000.
Prices in King's Lynn have shown broadly stable, with a year-on-year change of -1.9%. Within Norfolk, King's Lynn ranks 5th by price out of 8 principal towns, and 1st by transaction volume.
King's Lynn House Prices by Property Type
Property prices in King's Lynn vary significantly by type. The table below compares King's Lynn prices with Norfolk county averages and UK national figures.
| Type | King's Lynn | Norfolk Avg | UK Avg |
|---|---|---|---|
| Detached | £330,000 | £343,500 | £420,000 |
| Semi-detached | £240,000 | £245,000 | £265,000 |
| Terraced | £187,500 | £197,250 | £230,000 |
| Flat | £120,000 | £121,000 | £225,000 |
Detached homes in King's Lynn command £330,000, while flat properties are most accessible at £120,000. The £210k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in King's Lynn
King's Lynn recorded 23 new-build transactions in the past 12 months, representing 1.4% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in King's Lynn traded at a premium of 23.1% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Norfolk market, 168 new-build completions were recorded — see our Norfolk property market report for the full county picture.
Recent Property Sales in King's Lynn
The following table shows the most recent property transactions recorded in King's Lynn, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £311,000 | Detached | PE38 9SS | 2026-02-23 | Existing |
| £425,000 | Detached | PE38 9SP | 2026-02-20 | Existing |
| £335,000 | Detached | PE31 7QT | 2026-02-20 | Existing |
| £280,000 | Terraced | NR21 9PR | 2026-02-20 | Existing |
| £347,500 | Detached | PE30 3XZ | 2026-02-20 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £280,000 to £425,000 illustrates the breadth of the King's Lynn market.
Development Finance in King's Lynn
For developers considering King's Lynn, the local market data translates directly into finance structuring. With a median value of £260,000 and detached homes at £330,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a King's Lynn scheme with a GDV of £330,000 would attract senior debt of approximately £214,500 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 1.9% year-on-year, experienced developers can still generate strong returns in King's Lynn by targeting well-located sites with clear demand drivers.
Ready to develop in King's Lynn? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
King's Lynn Compared to Nearby Norfolk Towns
To put King's Lynn's market in context, the table below compares it with similarly-priced towns across Norfolk:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| King's Lynn | £260,000 | 1,674 | -1.9% |
| Attleborough | £264,000 | 228 | -12% |
| Dereham | £265,000 | 430 | -0.9% |
| Thetford | £235,000 | 522 | -4.1% |
| Cromer | £290,000 | 1,187 | -3.3% |
| Norwich | £230,000 | 1,485 | -0.9% |
For the full Norfolk town-by-town breakdown, see our comprehensive Norfolk property market report.
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5 min readFrequently Asked Questions
What is the average house price in King's Lynn?
The median house price in King's Lynn is £260,000, based on 1,674 transactions over the past 12 months. Detached homes average £330,000 while flat properties average £120,000.
Are house prices rising or falling in King's Lynn?
House prices in King's Lynn are falling at -1.9% year-on-year. This decline may present buying opportunities for investors and developers. The wider Norfolk market is falling at -3.7%.
How many properties sold in King's Lynn recently?
King's Lynn recorded 1,674 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in King's Lynn?
Developers in King's Lynn can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.