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Highland Way, Lowestoft

East of England

£130,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This semi-detached bungalow presents a promising opportunity for buyers looking to invest in a property with significant renovation potential. Situated in a quiet neighborhood, the home features two bedrooms and offers a range of options for customization and expansion to suit individual preferences. Upon entering, you will find an entrance hallway that leads to various rooms, including a primary bedroom equipped with a bay window that allows natural light to fill the space. The second bedroom is also well-sized, making it suitable for guests or as a home office. The bathroom includes essential amenities like a shower and hand washbasin, while there is an additional WC for convenience. The living area combines functionality with charm—featuring windows overlooking the rear garden and a fireplace that adds character. Adjacent is the kitchen, which has ample worktop space and storage solutions, leading into a conservatory that further extends the living space and connects to the outdoor area. The property is surrounded by well-maintained gardens; the front is enclosed with brick walls and fencing, providing privacy, while the rear garden offers potential for landscaping or further development. This bungalow requires modernization but presents an excellent canvas for those looking to create their ideal home or investment property. Located within easy reach of local amenities and transport links, it also benefits from low flood risk and good broadband connectivity. This combination of factors makes it an appealing choice for investors or first-time buyers ready to embrace a renovation project. The property is being sold with the option of sealed bids, inviting prospective buyers to submit their best offers by the specified deadline.

Investment Analysis

(NR33 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Highland 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
£476
Based on a loan of £97,500 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