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Gunton St. Peters Avenue, Lowestoft

East of England

£260,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
921 sqft

Description

Located in a desirable residential area near North Beach, this freehold three-bedroom detached bungalow presents an excellent opportunity for those looking to invest in a property with significant renovation potential. Set on a generous plot of approximately 0.61 acres, this home requires the completion of an ongoing modernisation project, inviting prospective buyers to reimagine its spaces through refurbishment or extension, subject to necessary planning approvals. The single-storey layout includes three bedrooms and versatile reception areas, providing a solid foundation for creative improvements. The expansive grounds not only offer privacy but also suggest possibilities for landscaping or additional structures. A garage and driveway facilitate off-road parking, while several outbuildings and a polytunnel—indicative of the property's previous use as a smallholding—further enhance its utility as either storage or workspaces. This property is conveniently located for access to central Lowestoft and is within reach of the stunning local coastline and the Norfolk Broads' recreational waterways. Additionally, proximity to the A12 allows easy connectivity towards Norwich and beyond.

Investment Analysis

(NR32 area)

Above Market Value

This property is priced +16.5% above area average per sq ft

+16.5%
This Property
£282/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£245,474
10% above area average per sq ft
Potential ROI
-27.8%
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

Gunton St. Peters Avenue, 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
£938
Based on a loan of £195,000 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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