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Ship Road, Pakefield

East of England

£220,000
Listed on 21/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1123 sqft

Description

This semi-detached bungalow is situated on a significant corner plot in the desirable Pakefield area of Lowestoft, making it an excellent opportunity for renovation and investment. With its chain-free status, this property is perfect for those looking to downsize, embrace single-level living, or take on a rewarding project. The home features two well-proportioned bedrooms with inviting bay windows, a spacious living room that centers around a traditional feature fireplace, and a large conservatory that brings in plenty of natural light while offering views over the private landscaped garden. The kitchen and shower room, while functional, provide ample scope for personalization and modern upgrades. Externally, the property boasts off-road parking options including a garage and versatile outdoor space ready for enhancement. In addition to being close to essential amenities such as local shops and schools, residents can enjoy easy access to public transport links via bus services and nearby train stations. This hidden gem offers not only generous living spaces but also the inherent potential to transform into your dream home.

Investment Analysis

(NR33 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£196/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£320,746
10% above area average per sq ft
Potential ROI
+28.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (NR33)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -3.1%
5 year growth: +20.1%
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

Ship Road, Pakefield
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£793
Based on a loan of £165,000 over 30 years at 4.06% 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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