Summary - 182a, London Road South NR33 0BB
1 bed 1 bath Flat
Auction sale: small income-producing studio near Lowestoft beach, sold as seen..
- Let producing £450 pcm (£5,400 pa) — immediate income
- For sale by auction 14 October 2025 — sold as seen
- Leasehold; lease details being compiled, buyer to verify
- Contract documentation fee £1,250 payable by buyer
- Small studio/one-bedroom — approx 377 sq ft
- Dated interior with signs of damp; needs modernisation
- Solid brick walls, likely no insulation; energy improvements recommended
- Local area: close to beach but very high crime and very deprived
Offered for sale at auction on 14 October 2025, this compact first-floor studio/one-bedroom flat sits above a shop on London Road South, a short walk from Lowestoft beach and local amenities. The flat is currently let and produces £450 pcm, providing immediate rental income for a buyer prepared to purchase at auction. The layout is simple: kitchen, combined lounge/bedroom and bathroom — efficient but small at around 377 sq ft.
The building dates from before 1900 and retains period brickwork; the flat has double glazing (install date unknown) and electric storage heaters. Internally the property shows wear: dated finishes, signs of damp to some walls and general cosmetic updating is required. Construction appears to be solid brick with no known wall insulation, so further energy improvements may be advisable.
Important sale points for buyers: this is a leasehold lot and will be sold at auction. A contract documentation fee of £1,250 (inclusive of VAT) is payable to the auctioneer by the buyer and the seller may charge additional completion fees (see special conditions). Lease details are being compiled—prospective bidders must verify lease length, ground rent and service charges prior to bidding. Viewings are recommended but purchasers attend at their own risk and should commission independent surveys and service checks.
This is best suited to investors or a buyer seeking a low-cost seaside entry purchase who accepts an as‑seen auction purchase, existing tenancy and the need for cosmetic and possible energy-efficiency improvements. Its proximity to transport links, station and the beach are genuine location benefits, balanced by high local crime and significant area deprivation which may affect long-term capital growth and letting demand.
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