Summary - 21 ESSEX ROAD LOWESTOFT NR32 2HQ
3 bed 1 bath Terraced
Three-bed mid-terrace with immediate rental income and refurbishment upside.
Tenanted investment producing £775 pcm, tenancy fixed until Sept 2025
An immediate income opportunity in North Lowestoft: this Victorian mid-terrace is tenanted at £775 pcm with a fixed-term tenancy in place until September 2025, making it suitable for buy-to-let investors seeking rental yield from day one. The house offers two reception rooms, a modern fitted kitchen and three bedrooms over two storeys, plus an enclosed rear garden and on-street parking.
The property is presented well in parts and benefits from double glazing, mains gas central heating and an EPC rating of C. Constructed circa 1900–1929, the home retains period character such as exposed brickwork and a traditional layout, which will appeal to tenants and offers scope for sympathetic updates to increase value and rent.
Buyers should note material area and property considerations: the property sits in a very deprived neighbourhood with higher local crime levels, and the wider area is described as constrained renters and blue-collar terraces. There are potential maintenance and fabric issues flagged (possible damp) and the original solid brick walls are assumed to have no cavity insulation, which could mean higher running costs and some retrofit work if energy improvements are planned.
This is a pragmatic, income-generating investment for purchasers comfortable with estate maintenance and area realities. The freehold tenure and immediate tenancy reduce vacant possession risk, while modest refurbishment or energy upgrades could boost capital value and tenant appeal over time.
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