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141 London Road North, NR32 - Image 1
141 London Road North, NR32 - Image 2
141 London Road North, NR32 - Image 3
141 London Road North, NR32 - Image 4
141 London Road North, NR32 - Image 5

141 London Road North, NR32

East of England

£895,000
Listed on 16/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Lowestoft, situated 20 miles southeast of Norwich and 40 miles northeast of Ipswich, boasts a vibrant resident population of around 60,000 that swells significantly during the summer months. This property is strategically positioned at the intersection with Regent Street, an area that combines both commercial and residential spaces, providing excellent visibility and foot traffic. Nearby well-known businesses include British Heart Foundation, Sports Direct, Poundstretcher, Holland & Barrett, and Clarks, enhancing the area's appeal for potential customers. Constructed from brick with a flat roof design, the property comprises a generous layout that includes extensive sales space and ancillary areas across both ground and first floors. The rear offers convenient parking and servicing options accessible from Police Station Road. Additionally, front-facing parking spaces are available, complemented by nearby bus stops that further increase accessibility for patrons. Given its location within a bustling retail environment and the potential for renovation or redevelopment, this property presents an attractive opportunity for investors looking to enhance its value or adapt it for new uses. Whether seeking to modernize the existing facilities or capitalize on the growing local demand through innovative improvements, this site holds significant promise.

Investment Analysis

(NR32 area)
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
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

141 London Road North, NR32
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,279
Based on a loan of £671,250 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.

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