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 %
- Est sale value
- 111,220.00 £Decreased by 13.99 %
- Average area rental value
- 777.00 £/moDecreased by 4.31 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 5.83 %Increased by 3.55 %
- Crime Rate
- 28.00 %Unchanged by 0.00 %
Agent Activity
Paul Hubbard Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Ness Point School | Other Independent Special School | 0.32 KM | |
| Learning Support, Northern Area Education Office | Miscellaneous | 0.62 KM | |
| Ark Children'S Centre | Children's Centre | 1.19 KM | |
| Roman Hill Primary School | Academy Sponsor Led | 1.28 KM | |
| St Margaret'S Primary Academy | Academy Sponsor Led | Requires improvement | 1.30 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Marina | £ 0 | 0 | 0.00 KM |
| Bon Marche | £ 0 | 0 | 0.00 KM |
| Station Square | £ 0 | 0 | 0.00 KM |
| Camp Road | £ 140,000 | 0 | 0.00 KM |
| Godfrey's Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lowestoft | 7268 | LWT | 0.39 KM |
| Oulton Broad North | 7273 | OUN | 4.14 KM |
| Oulton Broad South | 7274 | OUS | 5.06 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Grove Road, Lowestoft, NR32 | £ 240,000 | BUY | 5 / 10 | 0.00 KM |
| Beach Road, LOWESTOFT | £ 270,000 | BUY | 5 / 10 | 0.05 KM |
| 7 Beach Road, Lowestoft, Suffolk NR32 1EA | £ 275 | BUY | 5 / 10 | 0.05 KM |
| Suffolk Road, Lowestoft, Suffolk, | £ 150,000 | BUY | 6 / 10 | 0.13 KM |
| Surrey Street, Lowestoft, NR32 | £ 250,000 | BUY | 5 / 10 | 0.27 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 15 Beach Road | £ 140,000 | 0.10 KM |
| 13 Beach Road | £ 155,000 | 0.10 KM |
| 13 Waveney Road | £ 130,000 | 0.17 KM |
| 16 Waveney Road | £ 67,995 | 0.17 KM |
| 2 Battery Green Road | £ 140,000 | 0.26 KM |