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Allington Smith Close, Oulton Broad

East of England

£325,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1356 sqft

Description

Located in a quiet and established residential area of Oulton Broad, this former NHS building presents a unique renovation opportunity for those looking to create a spacious family home. Set on a generous plot, the property’s expansive size and versatile layout offer an ideal foundation for modernization. It is positioned in one of the most desirable regions of Lowestoft, providing potential buyers with a canvas to design a personalized living space that maximizes both comfort and aesthetic appeal. The ground floor accommodates two large rooms currently utilized as offices, each offering flexible options for reconfiguration into living or dining areas. A central hallway connects these spaces along with practical storage solutions, while the front-facing kitchen awaits a redesign to suit contemporary tastes. On the first floor, you will find four well-proportioned bedrooms flooded with natural light, ideal for family living. The family bathroom and separate WC add to the functional layout, complemented by an additional storage room that can be adapted to meet modern requirements. Externally, the property boasts ample garden space that holds potential for landscaping or extension opportunities (subject to planning). With driveway access and proximity to schools, shops, and public transport routes, this property not only benefits from convenience but also from significant investment potential. This listing offers an exciting chance to enhance value while crafting a distinctive family home within this sought-after locality.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -1.2% below area average per sq ft

-1.2%
Potential saving
This Property
£240/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£361,862
10% above area average per sq ft
Potential ROI
-12.8%
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

Allington Smith Close, Oulton Broad
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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
£1,191
Based on a loan of £243,750 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