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Kimberley Road, Lowestoft

East of England

£220,000
Listed on 03/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
926 sqft

Description

This two-bedroom bungalow offers a unique opportunity for those looking to invest in a property ripe for renovation. Situated with convenient off-road parking and multiple spaces upfront, this home is designed for easy, single-level living. The current layout includes a spacious sitting room, practical kitchen, and shower room, all awaiting updates to align with modern aesthetics. This makes it an ideal choice for downsizers or anyone seeking manageable living space without sacrificing comfort. Outside, the low-maintenance garden provides valuable outdoor space complemented by two sizable outbuildings and a central store which could be repurposed for various uses— from storage to hobbies or workshops. The need for updating enhances its appeal as a blank canvas where the new owner can inject personal style and increase property value. Located in a desirable area of Lowestoft, this bungalow merges convenience with outstanding potential.

Investment Analysis

(NR33 area)

Below Market Value

This property is priced -8.6% below area average per sq ft

-8.6%
Potential saving
This Property
£238/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£264,683
10% above area average per sq ft
Potential ROI
+8.0%
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

Kimberley 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
£806
Based on a loan of £165,000 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