Grove Road, Lowestoft, NR32
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Grove Road, Lowestoft, NR32

By Paul Hubbard Estate Agents

£ 240,000

Reviews

2 out of 5 stars

Paul Hubbard Estate Agents says ..

Presenting a PRIME INVESTMENT OPPORTUNITY in the heart of Lowestoft, this property features three separate flats, each with tenants in situ. This freehold opportunity presents a ** GOOD YIELD POTENTIAL of up to 6.7% ** and offers a convenient investment option. It's proximity to local amenities ...

Property Oracle says ..

This property in Grove Road, Lowestoft, is presented as a prime investment opportunity, comprising three separate flats. The listing highlights the potential for a good yield, making it attractive to investors. The location benefits from relative proximity to Lowestoft Train Station and several schools, although further investigation into the quality of the schools and local amenities would be beneficial. The photographs depict a property that appears well-maintained and recently renovated, with modern interiors. However, the lack of exterior images and detailed property information such as the specific layout, rental income and expenses for each flat, and the overall age of the building, limits a full and comprehensive analysis. The absence of a garden is a notable drawback. The price of £240,000, while in line with other investment properties in the immediate area, might be considered relatively high when considering the limited square footage, particularly when compared to other homes, not investment properties, in the wider area. Prospective buyers should carry out thorough due diligence, including a detailed survey, before making an offer. The investment potential should be evaluated considering projected maintenance costs, tenant turnover and vacancy rates.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
7
Location
7
Land
1
Bedrooms
3
Bathrooms
3
Sqft (est)
670.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
160,000.00 £
Decreased by 7.61 %
from 173,185.00 £
Est sale value
111,220.00 £
Decreased by 13.99 %
from 129,310.00 £
Average area rental value
777.00 £/mo
Decreased by 4.31 %
from 812.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
5.83 %
Increased by 3.55 %
from 5.63 %
Crime Rate
28.00 %
Unchanged by 0.00 %
from 28.00 %

Agent Activity

  • Paul Hubbard Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Ness Point SchoolOther Independent Special School0.32 KM
Learning Support, Northern Area Education OfficeMiscellaneous0.62 KM
Ark Children'S CentreChildren's Centre1.19 KM
Roman Hill Primary SchoolAcademy Sponsor Led1.28 KM
St Margaret'S Primary AcademyAcademy Sponsor LedRequires improvement1.30 KM

Images

DSC_1495.JPG Flat 2 Flat 3 Flat 2 Flat 2 Flat 3 Flat 1 Flat 2 Flat 1 Flat 3 Flat 3

Nearby Streets

NameAverage PriceAverage SqftDistance
Marina £ 000.00 KM
Bon Marche £ 000.00 KM
Station Square £ 000.00 KM
Camp Road £ 140,00000.00 KM
Godfrey's Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lowestoft7268LWT0.39 KM
Oulton Broad North7273OUN4.14 KM
Oulton Broad South7274OUS5.06 KM

Nearby Listings

AddressPriceTypeScoreDistance
Grove Road, Lowestoft, NR32 £ 240,000BUY5 / 100.00 KM
Beach Road, LOWESTOFT £ 270,000BUY5 / 100.05 KM
7 Beach Road, Lowestoft, Suffolk NR32 1EA £ 275BUY5 / 100.05 KM
Suffolk Road, Lowestoft, Suffolk, £ 150,000BUY6 / 100.13 KM
Surrey Street, Lowestoft, NR32 £ 250,000BUY5 / 100.27 KM

Nearby Properties

AddressPriceDistance
15 Beach Road £ 140,0000.10 KM
13 Beach Road £ 155,0000.10 KM
13 Waveney Road £ 130,0000.17 KM
16 Waveney Road £ 67,9950.17 KM
2 Battery Green Road £ 140,0000.26 KM