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Reeve Street, Lowestoft

East of England

£70,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
767 sqft

Description

This two-bedroom end-terraced property in North Lowestoft presents a promising opportunity for renovation and investment. Ideal for investors or first-time buyers with cash, this property is situated in a conveniently located area of Lowestoft town. The ground floor features a spacious lounge and dining area that flows into a galley-style kitchen equipped with essential fittings for appliances. The main bathroom, located at the rear, includes a W/C, bathtub, and shower unit. On the upper level, you’ll find two well-sized double bedrooms, one of which offers access to an additional wet room featuring modern amenities. The property benefits from double glazing throughout and has wood effect flooring in many areas, adding potential charm. Outdoors, the low-maintenance garden provides space for leisure without requiring extensive upkeep. Renovation is needed throughout to enhance its appeal and cater to modern living standards.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -62.2% below area average per sq ft

-62.2%
Potential saving
This Property
£91/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£203,964
10% above area average per sq ft
Potential ROI
+114.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR32)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -6.5%
5 year growth: +6.3%
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

Reeve Street, Lowestoft
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£248
Based on a loan of £52,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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