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Park Road, Lowestoft

East of England

£120,000

Listed on 28/05/2026

Property Details

Bedrooms
2
Type
House
Area
1099 sqft

Description

This mid-terraced house located on Park Road offers an exciting project for renovators or investors looking to put their creative touch on a property. The home is in need of modernization and presents ample opportunity to enhance its existing features while adding value. The entrance porch leads into a hallway with stairs ascending to the first floor. The sitting and dining area is brightened by UPVC double-glazed bay windows at both the front and rear, showcasing a cozy fireplace with tiles, alongside charming coved ceilings. The kitchen comes equipped with a sink, built-in cupboard, and side-facing UPVC double-glazed windows, although it would benefit from an upgrade. Access from the lobby leads to a rear entrance, facilitating ease of movement. On the first floor, you will find two well-proportioned bedrooms with built-in cupboards, offering great natural light through their UPVC windows. An additional office space also benefits from a view to the rear. The bathroom includes essential fixtures such as a low-level WC and bath but requires updating to meet modern standards. The outdoor space features a picket-fenced front garden and an enclosed rear area with brick walls and fencing for privacy. Added perks include a garage with up-and-over doors and multiple outbuildings that could be repurposed or renovated for additional storage or utility purposes. Overall, this property is being sold as seen, providing an excellent base for anyone keen on making substantial improvements in order to secure long-term gains.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -54.8% below area average per sq ft

-54.8%
Potential saving
This Property
£109/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£292,010
10% above area average per sq ft
Potential ROI
+88.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR32)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -5.9%
5 year growth: +7.5%
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

Park Road, Lowestoft
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£428
Based on a loan of £90,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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