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Akethorpe Way, Lowestoft

East of England

£325,000
Listed on 27/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1163 sqft

Description

This detached bungalow, set in a tranquil area of Lowestoft, presents an excellent opportunity for those interested in renovation and investment. Occupying a spacious plot, the property features four bedrooms and a generous living/dining area centered around a traditional fireplace. The kitchen/breakfast room is functional, but offers scope for modernising to enhance its appeal. Outside, the manageable garden and paved driveway complement the double garage, which could serve as an ideal workshop or additional storage space. The layout is inviting and practical for family living or downsizers seeking ease of access. Notably, there is potential for expansion through roof conversion or extension (subject to planning permission), allowing you to tailor the home to your requirements. Located in Gunton within northern Lowestoft, the property enjoys a suburban atmosphere while being close to local amenities and the coast. Schools are accessible nearby, catering to families with children. Public transport options including bus routes and train stations provide easy connectivity for commuters. With its combination of comfort and flexibility, this bungalow not only serves as a residence but also stands as an appealing canvas for future enhancements.

Investment Analysis

(NR32 area)

Above Market Value

This property is priced +14.6% above area average per sq ft

+14.6%
This Property
£279/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£311,957
10% above area average per sq ft
Potential ROI
-16.8%
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
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

Akethorpe Way, Lowestoft
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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
£1,172
Based on a loan of £243,750 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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