One-bedroom ground-floor flat with 102-year lease remaining
Sold via Modern Auction — undisclosed reserve and buyer fees apply
Communal rear garden, timber shed, double-glazed windows
Spacious rooms for the flat's 330 sq ft overall footprint
Requires modernisation in places; some internal and external wear
Area classed very deprived; above-average local crime rates
Mains gas boiler/radiators and fast broadband; mobile signal excellent
Additional costs: reservation fee, leasehold packs, auction admin fees
A ground-floor one-bedroom flat offered for sale by modern auction, presenting a low-entry purchase in North Lowestoft. The layout is traditional with a double bedroom, separate kitchen, living room and bathroom — rooms are described as spacious for the overall small apartment size. The property includes a communal rear garden, timber shed and double glazing installed post-2002.
This is a straightforward purchase for a buyer happy to accept auction conditions: an undisclosed reserve price, non-refundable reservation fee and buyer’s administration costs will apply. The lease has about 102 years remaining and mains gas heating with boiler and radiators is fitted. Broadband and mobile signal are good and the property is close to local shops, bus links and several schools.
Material negatives are clear: the area is classified as very deprived with above-average crime rates, and the building shows signs of age and worn external appearance. The flat needs modernisation in places (living room and some fixtures), and additional leasehold pack fees and auction-related costs should be budgeted for. Buyers must complete their own due diligence and note the auction’s timeframes and reservation terms.
Overall this property suits a cautious first-time buyer or investor looking for an affordable entry, or someone prepared to refurbish to add value. It offers practical basics, low council tax and decent connectivity, but requires upfront cash for purchase-related fees and some updating work.
