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Lakeside Rise, Blundeston

East of England

£210,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
932 sqft

Description

This semi-detached property in the village of Blundeston presents a unique opportunity for renovation and investment. The home boasts three double bedrooms and a practical layout that allows for flexible living arrangements. Upon entering, you are greeted by a welcoming entrance hall that leads to a spacious sitting room featuring a decorative fireplace and sliding doors that provide easy access to the garden—ideal for enhancing the indoor-outdoor flow during renovations. The kitchen area is currently functional but offers significant potential for modernization, making it an exciting project for those looking to put their personal stamp on the space. Upstairs, you’ll find three generous double bedrooms along with a bathroom and separate WC, catering to family needs or providing ample guest accommodation. Outside, the mature garden is well-kept, offering a lawn area, patio space for outdoor seating, and established shrubbery. A charming summerhouse enhances the enjoyment of the outdoor space, presenting various possibilities for its use—be it as a garden retreat or additional storage. The front of the property features off-road parking alongside a substantial garden and an en-block garage, adding convenience and potential value. Located in Lakeside Rise, this property benefits from its quiet village setting while still being just a few miles from Lowestoft. The community vibe is enhanced by local amenities such as shops and a village pub, creating convenient options for day-to-day needs. Families will appreciate proximity to Blundeston Primary School as well as secondary education facilities in Lowestoft. Healthcare services are easily accessible with local GP practices available within the village and more extensive medical facilities nearby. Transport links are also favorable; regular bus services connect residents to Lowestoft and neighboring areas while main roads facilitate quick access to the A146 and A12. This property offers not only comfortable living spaces but also considerable potential for those interested in investing or renovating to create their ideal home. With thoughtful updates, this residence could be transformed into a modern haven in a tranquil setting. Viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -7.1% below area average per sq ft

-7.1%
Potential saving
This Property
£225/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£248,714
10% above area average per sq ft
Potential ROI
-4.3%
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

Lakeside Rise, Blundeston
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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
£769
Based on a loan of £157,500 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