Rotterdam Road, Lowestoft NR32
East of England
£95,000
Listed on 10/09/2026
Listed on 10/09/2026
The listing
Property details
Bedrooms
2Type
FlatArea
1075 sqftDescription
This vacant mixed-use property in Lowestoft comprises a former ground-floor shop and a separately accessed two-bedroom flat above. The shop, approximately 47 sq m, includes a retail area, office and store rooms. The flat has a sitting room, kitchen, bathroom, two bedrooms and a wooden balcony, with double glazing noted in the particulars. Both parts have been vacant for several years and are described as requiring substantial refurbishment, including a new kitchen and bathroom for the flat. The property is offered with vacant possession and is expected to suit cash purchasers.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: LOW
At £95,000, this is a strikingly low-cost entry point: about £88 per sq ft against a local average of £244, making the asking price a clear strength for someone seeking a value-add project. The two-storey former shopfront building combines a ground-floor commercial unit with a separate-access two-bedroom flat above, offering scope to reshape the use and layout, subject to permissions.
This is a full-scale project rather than a cosmetic update: the listing describes extensive work across both parts, while the forecourt looks worn and the rear garden needs clearance and landscaping. The roof covering appears weathered, though the available image does not establish a defect. The overall WHOTS score is held back by the limited economics information and elevated risk, despite the exceptional price-per-square-foot value.
Key opportunities
- Rework the former ground-floor shop and separate-access two-bedroom flat as a mixed-use investment, or explore alternative residential layouts subject to permissions.
- Use the vacant building as a blank canvas to modernise both levels and tailor their layouts to a chosen use.
- Clear and landscape the enclosed rear garden, with potential to improve the forecourt and investigate off-road parking subject to consent.
Key risks
- Extensive work across the commercial unit and flat, together with garden and forecourt improvements, points to a substantial budget and programme rather than a cosmetic refresh.
- The roof covering appears weathered in the available exterior image; its condition should be checked, as no definite failure is established.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£359
Based on a loan of £71,250 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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Pricing
Price history
+5.6% since listed
£95,000+£5,000(+5.6%)
16/10/2026£90,000Initial listing
12/09/2026Services
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