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Park Road, Lowestoft

East of England

£120,000
Listed on 23/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1099 sqft

Description

This mid-terraced house on Park Road offers a solid foundation for those looking to invest in a property with considerable renovation potential. The home requires updates throughout, making it an ideal project for buyers eager to customize their living space. Key features include a generous sitting/dining room with bay windows and a coal effect fireplace, a kitchen with built-in cupboard storage, and two well-sized bedrooms featuring built-in cupboards. A separate office adds versatility to the layout, while the bathroom is functional yet in need of modernisation. Outside, the property benefits from a fully enclosed rear garden and various outbuildings that could serve multiple purposes. With its excellent location and straightforward floor plan, this property presents an opportunity to create a truly personalized home.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -55.0% below area average per sq ft

-55.0%
Potential saving
This Property
£109/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£293,279
10% above area average per sq ft
Potential ROI
+95.5%
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

Park Road, 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
£440
Based on a loan of £90,000 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