Summary - 24 NORWICH ROAD LOWESTOFT NR32 2BW
3 bed 1 bath Terraced
Immediate rental income in a central, well-connected Lowestoft location.
- Freehold mid-terrace, three bedrooms, immediate rental income
- Tenant in situ; sale with occupant already renting
- Yield approximately 6.5% based on asking price
- Small property footprint, about 700 sq ft
- Single bathroom; separate lounge and dining room
- Solid brick walls assumed uninsulated; energy upgrades likely
- Area very deprived with above-average crime statistics
- Fast broadband and excellent mobile signal, close to transport
A compact three-bedroom mid-terrace on Norwich Road offered as a freehold investment with an excellent tenant in situ. The property is small (circa 700 sq ft) and designed in a traditional layout with separate lounge and dining room, delivering immediate rental income and an advertised yield of approximately 6.5%.
The house dates from the early 20th century with solid brick walls and double glazing installed before 2002. Heating is mains gas via boiler and radiators. There is clear potential to increase long-term value through basic improvements (insulation, modernisation) but note the walls are assumed uninsulated and some refurbishment may be required to meet higher EPC or rental standards.
Location strengths include proximity to the town centre, train station, local shops and leisure facilities, plus fast broadband and excellent mobile signal. Local schools include several rated Good; one local primary is currently Inadequate. The area is very deprived with above-average crime and a transitional Eastern European neighbourhood profile, factors that can affect tenant demand and resale pricing.
This property suits investors seeking a hands-off income stream from day one, and landlords prepared to manage a small-footprint rental with modest upgrade potential. Important negatives: small plot and rooms, single bathroom, potential energy-efficiency work needed, and local deprivation/crime levels which influence future returns.
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