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90 Love Road, Lowestoft, Suffolk NR32 2NZ - Image 1
90 Love Road, Lowestoft, Suffolk NR32 2NZ - Image 2
90 Love Road, Lowestoft, Suffolk NR32 2NZ - Image 3
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90 Love Road, Lowestoft, Suffolk NR32 2NZ - Image 8
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90 Love Road, Lowestoft, Suffolk NR32 2NZ

East of England

£120,000
Listed on 30/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold builders yard in Lowestoft presents a promising opportunity for those looking to invest in a property with significant renovation and redevelopment potential. Spanning approximately 5,340 sq ft on a corner plot, the site includes a two-storey workshop, offices, multiple storage units, and ample parking space, making it well-suited for tradespeople or small businesses. For years, this location has been the hub of a respected family-owned building firm. Given its central position within Lowestoft, the property benefits from excellent connectivity and accessibility, which is advantageous for both commercial endeavors and potential residential development (subject to planning permissions). The workshop area is designed for practicality, featuring a ground floor primarily used for storage that includes easy access through a garage-style entrance ideal for vehicle loading. The upper level boasts a generous principal workshop space measuring 17.11 x 5.13 meters—providing ample room for various operations. The site also contains an adjoining office as well as an additional brick-built structure that can serve as secure storage. The flexible nature of this property allows it to accommodate different business models while presenting the possibility of conversion into residential units—a significant advantage in today’s housing market. With necessary planning approvals, there’s great potential for creating value through redevelopment. For prospective buyers, viewings are available by appointment—offering an opportunity to explore this unique property firsthand before deciding on its future use. Additionally, current owners benefit from full small business rate relief granted by East Suffolk Council; however, potential buyers should confirm future rates based on their intended use of the property. This freehold offering not only serves existing functional needs but also stands as a canvas ripe for innovation and transformation in one of Lowestoft's accessible locations.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
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

90 Love Road, Lowestoft, Suffolk NR32 2NZ
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 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