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Milton Road East, Lowestoft

East of England

£215,000
Listed on 27/02/2026

Property Details

Bedrooms
5
Type
Terraced house

Description

This expansive residential property boasts significant period features and stands out with its potential for transformation. With full planning permission already in place for the conversion into a five-bedroom House in Multiple Occupation (HMO), this property is poised to cater to the growing demand for student housing or professional rentals. The generous layout allows for the creation of well-sized private rooms and communal living spaces, making it appealing to future tenants. Located in a desirable town-centre area, it offers convenient access to various local amenities, including shops, eateries, and entertainment facilities. Public transport options are also readily available, providing easy commutes to nearby universities and commercial districts. Given its prime location and development rights, this property presents a promising investment opportunity for those looking to enhance their portfolio with strong rental yield potential.

Investment Analysis

(NR32 area)
Area Average
£244/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (NR32)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -3.2%
5 year growth: +11.0%
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

Milton Road East, Lowestoft
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£775
Based on a loan of £161,250 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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