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Rowan Way, Lowestoft

East of England

£290,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1102 sqft

Description

Situated in a tranquil area of Oulton Broad South, this detached home presents a unique opportunity for prospective buyers looking to invest in a property with considerable renovation and extension potential (subject to planning approval). The property welcomes you with an entrance hall leading into a spacious sitting room featuring a traditional fireplace, ideal for both cozy evenings and entertaining. Adjacent is a versatile reception room that could serve multiple purposes, from dining to home office or playroom, allowing the space to adapt as your needs evolve. The conservatory adds an abundance of natural light and provides seamless access to the private garden, enhancing outdoor enjoyment. The kitchen is functional with fitted cabinetry and modern appliances including a double oven and gas hob, but could benefit from contemporary upgrades. Upstairs consists of three comfortable bedrooms, two with built-in wardrobes for convenient storage solutions, all serviced by a family bathroom that awaits modernization. Outside, the meticulously maintained garden is perfect for relaxation and features established plants along with a summerhouse and timber shed. The brick-weave driveway affords off-road parking options alongside the garage which doubles as additional storage space. With its solid structure and layout, this home invites your creative vision to transform it into your dream residence.

Investment Analysis

(NR33 area)

Above Market Value

This property is priced +1.3% above area average per sq ft

+1.3%
This Property
£263/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£314,990
10% above area average per sq ft
Potential ROI
-1.6%
After renovation
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

Rowan Way, 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
£1,062
Based on a loan of £217,500 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