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Ship Road, Lowestoft

East of England

£190,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This semi-detached bungalow presents a noteworthy opportunity for renovation and investment in the desirable Pakefield area. Located within walking distance to the beach, this property enjoys a tranquil coastal setting while being conveniently close to local amenities. The home features two well-sized bedrooms and spacious living areas that invite your personal touch. The layout offers flexibility, making it ideal for those looking to reimagine their living space. Although the property would benefit from modernization, its current condition serves as a blank canvas ready for transformation into a comfortable and stylish home. The generous south-facing garden is one of the standout features, providing ample space for outdoor activities, gardening, or entertaining guests. Additionally, off-road parking and a garage enhance practicality in this peaceful neighborhood. Inside, practical elements like a gas-fired boiler and multiple double-glazed windows ensure comfort and energy efficiency. The kitchen/diner is particularly spacious, allowing for potential redesign or updating to suit modern tastes. The lounge opens onto a conservatory, further extending the living space and offering views of the garden. Given its location and characteristics, this bungalow holds significant potential for value addition through renovations or personalized upgrades. Whether you are an investor looking to capitalize on the local market or someone seeking to create their dream coastal retreat, this property warrants consideration. Arrange a viewing today to explore the possibilities that await in this Pakefield bungalow.

Investment Analysis

(NR33 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR33)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -1.6%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on NR33 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

Ship Road, Lowestoft
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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
£696
Based on a loan of £142,500 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