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The Gap, Lowestoft, Suffolk, NR33

East of England

£180,000
Listed on 26/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1028 sqft

Description

This three-bedroom semi-detached bungalow offers a unique opportunity for renovation and investment in a sought-after residential cul-de-sac. With its spacious layout and versatile accommodation, the property is well-positioned for those looking to put their personal stamp on their living space or for investors seeking to add value. The current configuration features a generous sitting room that flows into the kitchen, complemented by a conservatory that enhances the overall living area. Each of the three bedrooms is comfortably sized, and a family bathroom is conveniently located off the hallway. The existing floor plan provides ample scope for reconfiguration, allowing potential homeowners or renovators to design a layout that meets their specific needs. Externally, the property benefits from a sizable rear garden, ideal for outdoor activities or future landscaping projects. There is off-road parking available at the front, along with an integral single garage that presents further potential for expansion (subject to planning permission) or conversion. This bungalow represents an exciting opportunity for first-time buyers, seasoned investors, or anyone with a vision to refurbish and create a delightful home. Its location within a quiet cul-de-sac adds to its appeal, making it an attractive option for those looking to invest in a property with significant potential.

Investment Analysis

(NR33 area)

Below Market Value

This property is priced -32.6% below area average per sq ft

-32.6%
Potential saving
This Property
£175/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£293,838
10% above area average per sq ft
Potential ROI
+22.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

The Gap, Lowestoft, Suffolk, NR33
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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
£659
Based on a loan of £135,000 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