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Laxfield Way, Lowestoft

East of England

£375,000
Listed on 06/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
617 sqft

Description

This link-detached family residence is nestled on a generous plot of just under a quarter of an acre in a tranquil and sought-after area of Pakefield. Spanning over 1,400 sq. ft., the property presents a unique opportunity for buyers seeking a renovation project to create a personalised home. The large driveway offers ample off-street parking, complemented by an established rear garden, providing privacy and space for outdoor activities. Upon entering, you are welcomed by an entrance hall that provides access to a convenient ground floor cloakroom. The layout encourages modernisation with spacious living areas, including a bright principal living room featuring an attractive stone fireplace and expansive front-facing window. This room seamlessly connects to the dining area via double doors, enhancing the flow for entertaining guests. The kitchen, though currently fitted with older wooden units and tiled splashbacks, holds potential for transformation into an open-plan kitchen-diner, enhancing the overall functionality of the space. A standout feature is the oversized utility room that not only houses essential appliances but also offers extra storage solutions and leads to a small sunroom/rear porch. Upstairs lays three well-sized bedrooms, including a master bedroom with dual-aspect windows and built-in wardrobes. The main family bathroom features a four-piece suite equipped with both a panelled bath and separate shower cubicle. Externally, the property stands out with its low-maintenance concrete print driveway leading to an attached garage equipped with a secure roller door. The rear garden is particularly appealing—spacious and private, it includes well-established trees, shrubs, and charming features such as a pond and storage shed. Strategically located near transport links for easy commuting, reputable schools within walking distance, and local amenities including supermarkets at Gateway Retail Park make this property ideal for families or investors looking to add value through thoughtful updates.

Investment Analysis

(NR33 area)

Above Market Value

This property is priced +133.9% above area average per sq ft

+133.9%
This Property
£608/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£176,360
10% above area average per sq ft
Potential ROI
-57.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Laxfield 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
£1,374
Based on a loan of £281,250 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