Summary - 36 ALEXANDRA ROAD LOWESTOFT NR32 1PJ
7 bed 1 bath House of Multiple Occupation
**Property Highlights:**
- **Type:** House of Multiple Occupation (HMO), Freehold
- **Gross Income:** £42,120 per annum
- **Bedrooms:** 7, with 1 bathroom and separate WC
- **Size:** 1,658 sq ft on a small plot
- **Condition:** Good order but requires modernization
- **Location:** Close to town center and railway station
- **Auction:** Scheduled for June 18, 2025, starting at £275,000
This productive 7-bedroom HMO offers a remarkable investment opportunity for seasoned investors seeking a solid income stream. With a gross income of £42,120 per year, this property is fully let and ideally positioned near the town center and railway station, ensuring high demand from tenants.
Though in generally good order, the property will benefit from some modernization to maximize rental potential and enhance its appeal. It boasts spacious living areas, including a hall, lounge/bedrooms, dining room/bedroom, and a practical kitchen space, along with small gardens at the front and rear.
The surrounding area features a variety of amenities and schools, although it faces certain challenges with a high crime rate and overall area deprivation. Council Tax Band B adds to the affordability for tenants, while the current condition signals the potential for renovation that may increase property value significantly over time. This opportunity is one not to miss; secure your chance at auction to build your investment portfolio!
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