Summary - 16 SALISBURY ROAD LOWESTOFT NR33 0HE
4 bed 1 bath Cluster House
Three-let freehold investment near Lowestoft seafront with immediate income.
Freehold investment producing £18,000pa from three separate lets
A freehold investment arranged as three separately let units, currently producing £18,000 per year. The property comprises a two‑bedroom townhouse plus two one‑bed flats, each on ASTs and fitted with uPVC double glazing and gas central heating, providing immediate rental income from day one. Located within walking distance of Lowestoft seafront, shops and public transport, the position suits lettings to constrained-renter markets.
The buildings are mixed‑era with Victorian brick elevations and a later single‑storey extension. EPCs are D, D and E and the accommodation will suit a hands‑on investor or small portfolio owner prepared to manage ordinary maintenance and periodic refurbishment. There is scope for enhancement or reconfiguration subject to the necessary consents, but the flats are let so any works require tenant notice or vacant possession planning.
Important sale information: the property is offered for sale by livestream auction with a guide price of £160,000–£180,000 and will be sold on the stated auction date unless previously sold. An administration fee of £1,200 (inc VAT) and a buyer’s premium of £600 (inc VAT) are payable on exchange; buyers should check the legal pack for further disbursements and title matters.
The immediate positives are reliable rental income, freehold ownership and a convenient town location with excellent mobile signal and fast broadband. Material considerations include the EPC ratings, the need for updating in places, the very deprived local area classification and tenant profile, and the small plot size which limits external expansion.
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