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Union Road, Lowestoft

East of England

£90,000
Listed on 18/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
562 sqft

Description

This terraced house, situated within a short stroll from the town center, offers a promising opportunity for renovation enthusiasts or investors seeking to capitalize on potential. The property features two reception rooms and two comfortable bedrooms, making it suitable for small families or couples eager to put their personal touch on a home. Upon entering, you’ll find a front sitting room that boasts a UPVC window and a tiled fireplace with an open flue, setting the stage for cozy gatherings. The inner lobby provides access to the stairs leading to the first floor. Adjacent to the sitting room is the dining room, which includes another UPVC double-glazed window and a tiled fireplace with a fitted gas fire, along with a convenient under-stairs storage cupboard. The galley kitchen comes equipped with essential amenities such as a single drainer sink, plumbing for an automatic washing machine, and gas and electric cooker points. Notably, there’s space allocated for an upright fridge freezer. A rear lobby leads out through another UPVC double-glazed side door. The bathroom features standard fittings including a cased bath, low-level WC, and pedestal washbasin, all complemented by tiled walls. The Brittany gas multi-point boiler supplies domestic hot water. As you ascend to the first floor landing, you'll notice access to the roof void—an area that could be explored for further development. Bedroom 1 is fitted with a built-in cupboard and enjoys natural light from its UPVC double-glazed window. Bedroom 2 similarly benefits from ample light through its own UPVC double-glazed window. Externally, the property features a modest forecourt garden at the front and a small courtyard at the rear that includes a lean-to storage area and pedestrian access via a gate. This outdoor space presents options for landscaping or further enhancement. The property is offered freehold and falls within Council Tax Band A. With mains gas, electric, water, and sewerage services available as well as ultrafast broadband potential, this home is ready to be transformed into something special while being conveniently located near local shops and amenities—making it not just an ideal project but also an attractive investment prospect in today’s market.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -34.0% below area average per sq ft

-34.0%
Potential saving
This Property
£160/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£149,975
10% above area average per sq ft
Potential ROI
+25.0%
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

Union 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
£330
Based on a loan of £67,500 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