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Norwich Road, Lowestoft

East of England

£90,000

Listed on 22/07/2026

Property details

Bedrooms
2
Type
Shop
Area
484 sqft

Description

This mixed-use property offers a promising investment opportunity located in the heart of Lowestoft. It features a ground floor commercial unit, previously operating as a corner shop, which has been granted planning permission to transform into a two-bedroom flat. Above, a self-contained first-floor flat provides spacious living with two double bedrooms, a kitchen/dining area, and a bathroom. The ground floor space is ready for modernisation, allowing for various potential uses—whether it be refreshed for retail or completely repurposed—making it an attractive proposition for investors aiming for long-term rental income in this sought-after coastal town. With strong demand in both the residential and commercial sectors, this property stands as an ideal candidate for enhancing your investment portfolio. Situated along Norwich Road within an established residential area characterised by traditional terraced and mid-century homes, the location benefits from proximity to the beach (a short walk or cycle) alongside essential amenities like supermarkets and schools. Transport links are convenient yet unobtrusive, with local buses and Lowestoft Station accessible for commuting to Norwich. The ground floor comprises two sizable rooms plus a separate toilet, offering considerable flexibility depending on your vision. Meanwhile, the first-floor flat features well-appointed living spaces ready for personalisation or updates—perfectly aligning with today's demand for quality rentals.

Investment analysis

(NR32 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£186/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£129,826
10% above area average per sq ft
Potential ROI
-0.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR32)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -7.9%
5 year growth: +8.5%
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

Norwich Road, Lowestoft
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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
£340
Based on a loan of £67,500 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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