Compact freehold block with immediate refurbishment potential for landlords.
Victorian bay-fronted block with three one-bedroom flats
Freehold with separate utilities and council tax for each flat
Recent external upgrades: double glazing and replaced flat/bay roofs
Flat 1 habitable; Flats 2 and 3 require full internal renovation
Off-street parking at front; communal rear garden needs maintenance
Low flood risk; gas supply and modern heating to ground floor
Area is very deprived with very high crime — affects lettings/insurance
Total area ~1,069 sq ft; strong rental potential after refurbishment
A bay-fronted Victorian block arranged as three one-bedroom self-contained flats, sold freehold and well-located within walking distance of Lowestoft town centre and transport links. The building already benefits from recent external work: new UPVC double glazing throughout, replaced rear flat roofs and bay roof, plus gas central heating to the ground-floor unit. Off-street parking to the front and a communal rear garden with service-road access add practical appeal for tenants.
This is primarily an investor opportunity focused on rental income and capital uplift. Flat 1 is habitable with basic fittings and currently connected to mains services; Flats 2 and 3 require full internal renovation throughout, offering scope to reconfigure, modernise finishes and increase rents post-refurbishment. Total internal area is about 1,069 sq ft across three units, each with one double bedroom, a living area, kitchen and bathroom — a configuration that rents well in this market.
Buyers should factor in local market context: the area is classified as very deprived with very high crime rates, which will influence tenant demand, management and insurance costs. The communal garden needs maintenance and the front parking is limited. Council tax levels are low and flood risk is low. Overall this is a value-add investment for a hands-on buyer or landlord prepared to renovate two flats to realise stronger rental returns.
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