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London Road North, Lowestoft

East of England

£190,000
Listed on 20/02/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
1658 sqft

Description

This versatile mixed-use freehold property presents a significant opportunity for investors, business owners, and developers alike. Located on one of Lowestoft's primary thoroughfares, it features an expansive ground-floor commercial space measuring approximately 1,320 sq. ft, which is well-suited for various applications such as retail, office use, or even clinical services. The space includes a functional kitchenette and restroom facilities at the back, along with an additional room currently utilized for storage—this area could easily be adapted for more productive uses or expanded further. Above this commercial unit is a three-bedroom residence that has potential beyond mere accommodation; it could be transformed into an independent flat with its own entrance, pending planning consent. The upper floor layout consists of two larger rooms and a smaller third room that could serve as either living space or additional storage for the business below. With high visibility due to its advantageous location amidst national retailers and local amenities, this property stands to benefit from both foot traffic and proximity to essential services. The nearby seafront enhances its appeal as a prime investment in an area undergoing revitalization. The flexibility offered here not only caters to immediate operational needs but also lays the groundwork for potential development projects aimed at residential conversion or enhanced commercial functionality. This is an exceptional chance to invest in a strategically located property with ample room for growth.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -53.0% below area average per sq ft

-53.0%
Potential saving
This Property
£115/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£444,734
10% above area average per sq ft
Potential ROI
+53.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (NR32)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -3.2%
5 year growth: +11.0%
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

London Road North, Lowestoft
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 over 30 years at 4.06% 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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