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Sussex Road, Lowestoft

East of England

£160,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1498 sqft

Description

This mid-terrace home, located on a tranquil residential street in Lowestoft, offers a promising opportunity for renovation and investment. The property features spacious interiors including a bright bay-windowed living room and an adaptable dining area that could serve various purposes, from dining to a home office. With three double bedrooms on the upper floor, there's ample accommodation for family living or rental potential. The kitchen has existing units and spaces for appliances but presents scope for modernization, especially with two adjoining lean-to areas that could be transformed into a utility space and sunroom, pending necessary approvals. Outside, the manageable garden is laid mostly to paving with some planted borders, making it easy to maintain while providing options for outdoor enjoyment. Additionally, a detached garage/workshop at the rear enhances practicality and presents further possibilities for storage or conversion. This property is ideal for first-time buyers eager to make their mark on their new home or investors looking to capitalize on the strong rental market in this coastal town. Its proximity to local amenities and transport links further solidifies its appeal as a sound long-term investment.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -55.9% below area average per sq ft

-55.9%
Potential saving
This Property
£107/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£399,262
10% above area average per sq ft
Potential ROI
+115.8%
After renovation
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
14%
Properties sold annually

Local Market Trend (NR32)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -3.7%
5 year growth: +9.5%
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

Sussex Road, 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
£577
Based on a loan of £120,000 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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