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St. Margarets Road, Lowestoft, NR32 - Image 1
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St. Margarets Road, Lowestoft, NR32 - Image 5

St. Margarets Road, Lowestoft, NR32

East of England

£280,000
Listed on 03/07/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1517 sqft

Description

This semi-detached family residence, featuring five bedrooms, presents considerable renovation and investment potential in a desirable coastal town. The property is characterized by generous living areas and a versatile layout that can adapt to various needs. The south-facing rear garden not only offers a pleasant outdoor space but also includes a detached studio, which could serve as a home office or additional living quarters. The interior showcases three spacious reception rooms enriched with period features, providing an excellent canvas for modernization. A newly refurbished bathroom adds contemporary appeal, while practical amenities such as off-road parking for multiple vehicles and a garage enhance the property’s functionality. There is also potential for expansion (subject to planning permission), making this home an attractive option for investors looking to maximize their return. Situated close to local schools and amenities, this property benefits from its prime location in a vibrant coastal community known for its award-winning sandy beaches and historic Victorian seafront gardens. Residents enjoy access to diverse dining options and recreational activities along the esplanade, complemented by reliable transport links that facilitate commuting to Norwich and beyond. As you enter the home through the composite entrance door into the porch area, you'll find a welcoming hallway leading to various rooms designed for both comfort and practicality. The sitting room features a charming bay window and gas fireplace, while the dining room can easily be repurposed as an additional bedroom if needed. The kitchen, with its spacious layout and utility area, provides opportunities for further updates or reconfiguration. On the first floor, four well-proportioned bedrooms await, including one currently utilized as a dressing room; both can be customized to meet your requirements. The tiered rear garden features multiple outdoor areas suitable for relaxation or entertaining, with easy access provided by French doors from the studio. The garage offers convenience for storage or vehicle sheltering while enhancing the overall appeal of this property. This residence stands out not just for its current layout but also for its future possibilities in one of the most sought-after locations on England’s eastern coast. For those interested in exploring financing options or investment strategies tailored to this property, expert assistance is readily available through local agencies.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£185/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£404,827
10% above area average per sq ft
Potential ROI
+26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR32)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.3%
Investment Disclaimer: Analysis based on NR32 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Margarets Road, Lowestoft, NR32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,026
Based on a loan of £210,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE