That model CPU isn't made to overclock.. its locked and i mean locked down.. the only CPU's i know of that would allow you to overclock in that generation were the extreme CPU's
As for your new setup, heck yea you can overclock. K's are begging to be overclocked.. just make sure you use proper cooling (Not stock heatsink)
So is there a way I should go about overclocking then? O.o
I'm sorry I just don't know how to go about it?