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Waters Avenue, Carlton Colville, Lowestoft, NR33 8BJ - Image 1
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Waters Avenue, Carlton Colville, Lowestoft, NR33 8BJ

East of England

£325,000

Listed on 18/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1035 sqft

Description

This detached residence, nestled in a sought-after area of Carlton Colville, presents an exceptional opportunity for renovation enthusiasts and investors alike. Set on a substantial plot, this property features spacious gardens, a driveway with ample parking, and a garage, all of which contribute to its potential as a long-term family home. While the interiors require modernisation throughout, the layout offers a solid foundation for creative upgrades and enhancements. Upon entering, you'll find an entrance porch leading to a welcoming living room that adjoins the staircase to the upper level. The separate dining room at the rear boasts patio doors that open onto the garden, enhancing indoor-outdoor living – an ideal space for entertaining or relaxing. The kitchen is conveniently located off the dining area and provides a blank canvas for reconfiguration to meet contemporary living standards. An additional utility area connects internally to the garage, adding practical storage solutions. Upstairs features three bedrooms alongside a family bathroom equipped with a sizeable walk-in double shower. One of the standout attributes of this property is its extensive outdoor space, which not only allows for generous family enjoyment but also holds significant potential for future extensions or landscaping initiatives. With its excellent location on Waters Avenue—where properties are infrequently available—this home offers an exciting chance to invest and create a personalised living space in a community where residents often stay for years.

Investment Analysis

(NR33 area)

Above Market Value

This property is priced +22.1% above area average per sq ft

+22.1%
This Property
£314/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£292,708
10% above area average per sq ft
Potential ROI
-19.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR33)

Area prices are rising by +4.3% over the last 12 months
3 year growth: -2.8%
5 year growth: +17.7%
Investment Disclaimer: Analysis based on NR33 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

Waters Avenue, Carlton Colville, Lowestoft, NR33 8BJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,228
Based on a loan of £243,750 over 30 years at 4.45% 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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