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Hervey Street, Lowestoft NR32 - Image 1
Hervey Street, Lowestoft NR32 - Image 2
Hervey Street, Lowestoft NR32 - Image 3

Hervey Street, Lowestoft NR32

East of England

£170,000
Listed on 21/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1367 sqft

Description

Presenting a dual-flat opportunity in a prime location, this property consists of a fully modernized two-bedroom flat on the first floor, alongside a ground floor flat that has been stripped down and awaits complete refurbishment. The first-floor flat boasts a spacious open-plan layout with charming vaulted ceilings and exposed beams, complemented by a contemporary kitchen and bathroom. The two bedrooms are well-appointed, and there are partially converted loft spaces that could potentially expand the living area further (subject to necessary permissions). Meanwhile, the ground floor flat offers an exciting blank slate, cleared back to its foundational structure with some framework already in place for future configuration. It is ideal for investors or homeowners looking to create their dream living space from the ground up. Both flats benefit from practical features such as brick-built storage and separate garages, all within walking distance of local amenities and transport links. This property represents an exceptional value-adding opportunity in a coastal town known for its natural beauty and vibrant community.

Investment Analysis

(NR32 area)

Below Market Value

This property is priced -48.7% below area average per sq ft

-48.7%
Potential saving
This Property
£124/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£364,798
10% above area average per sq ft
Potential ROI
+58.6%
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
12%
Properties sold annually

Local Market Trend (NR32)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.3%
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

Hervey Street, Lowestoft NR32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£623
Based on a loan of £127,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE