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SOLD STC

Flats 1-5, Lowestoft, NR33

Guide Price
£375,000
Reduced on 10/06/2021
Auction House, Covering East Anglia
PROPERTY TYPE
Terraced
BEDROOMS
×8

Key features

  • Residential investment
  • 5 individual flats
  • 4 flats with current ASTs
  • Communal garden and 2 flats with private gardens
  • Basement flat is in the process of being refurbished
  • Guide price: £375,000+

Property description

Tenure: Please confirm if this is a freehold or leasehold property with Auction House



An investment opportunity to acquire a freehold of five flats situated on the east coast in the seaside resort of Lowestoft.

This freehold property has been converted into five flats comprising of two one bedroom flats and three two bedroom flats. The flats are divided over five floors. The one bedroom basement flat is currently in the process of being refurbished and is vacant. The ground floor flat is a one bedroom rented on an AST achieving £400pcm. The first floor offers a two bedroom flat on an AST achieving £525pcm. The second floor offers a two bedroom flat on an AST achieving £525pcm. The attic offers a two bedroom flat on an AST achieving £500pcm. This is a great opportunity for an investor or with the necessary planning the flats could be divided. Fully occupied the potential income is £28,200pa.


Basement - Flat 1

Private entrance, lounge, kitchen, hallway, bedroom, bathroom, private garden


Ground Floor - Flat 2

Shared entrance and hallway, lounge, bathroom, bedroom, kitchen, private garden


First Floor - Flat 3

Landing, lounge / kitchen, bathroom, two bedrooms.


Second Floor - Flat 4

Landing, lounge / kitchen, bathroom, two bedrooms.


Third Floor - Flat 5

Accessed from second floor.Private lobby, stairs to landing, lounge / kitchen bathroom, two bedrooms.


Outside

Basement and ground floor flats have their own private gardens. There is a communal garden for the flats on the first, second, and third floors.


Tenure
Freehold

EPC Rating: D, E

Additional Fees
Administration Charge: £1,140.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Flats 1-5, Lowestoft, NR33

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lowestoft Station0.4 miles
  • Oulton Broad North Station1.4 miles
  • Oulton Broad South Station1.6 miles
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About the agent

Auction House, Covering East Anglia

The Barn Newmarket Road Cringleford Norwich NR4 6UE

Why Use Auction House East Anglia?


    Market position

    Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.

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    Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 950107.

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