Waveney Drive, Lowestoft, Suffolk, NR32
East of England
£175,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
N/AType
PlotFeatures
- Garden
Description
A combined sale of two 1930s semi-detached houses in South Lowestoft, offered as a substantial refurbishment or redevelopment project. Both buildings are described as uninhabitable and require considerable work. The options outlined include renovating the existing homes, reconfiguring them, or considering a wider redevelopment of the site, subject to the necessary permissions and consents. The properties have rear gardens, with an additional side garden at number 34. The agent states that the buildings are unsafe for internal viewings, and cash buyers only are sought. Local amenities and the beach are within walking distance. An overage clause would apply if the site is redeveloped.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
32out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial two-property project: both 1930s houses are described as uninhabitable and unsafe for internal viewing, while the exterior photos show boarded openings, weathered elevations, roof wear and overgrown grounds. The combined site gives a buyer scope to restore and reconfigure the existing homes or explore redevelopment, subject to planning and consents; the extra side garden at No. 34 adds to that potential. Local amenities and the beach are within walking distance.
The overall opportunity scores low at 32/100: the project’s scope and risk are significant, and the available information is too limited to assess renovation economics. Floor area is missing, so value versus local £/sq ft cannot yet be judged. No renovation range is available, and the internal condition cannot be assessed from the photos, so this is a major budget and programme commitment rather than a defined refurbishment project.
Key opportunities
- Two existing houses create scope to restore or reconfigure the combined property as two homes, subject to feasibility.
- The combined site, including No. 34’s additional side garden, offers scope to explore redevelopment options subject to planning and consents.
- Overgrown gardens and damaged paving and fencing provide a clear opportunity to improve the outdoor spaces.
Key risks
- Both houses are uninhabitable and unsafe for internal viewing; boarded openings and visible roof wear, including a damaged- or missing-looking slate, need investigation.
- Two uninhabitable houses with visible roof and exterior wear make this a full-scale, high-uncertainty programme rather than a cosmetic refresh; internal scope and the budget cannot be established from the available photos.
- Floor area is missing, so value versus local £/sq ft cannot yet be judged.
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Transport
Nearest stations
Lowestoft Rail Station
0.6 miles
Train · Lowestoft
Oulton Broad North Rail Station
1.1 miles
Train · Oulton Broad
Oulton Broad South Rail Station
1.3 miles
Train · Oulton Broad
Somerleyton Rail Station
4.5 miles
Train · Somerleyton
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£715
Based on a loan of £131,250 over 30 years at 5.13% 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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