Grove Road, Lowestoft, NR32
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
3
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Chain free
- Ideal for the investor
- Set across 3 floors
- Excellent freehold opportunity
- Close to local amenities
- Walking distance to the town centre
- Block of flats split into 3 dwellings
- Current rental yield of: 6.3%
- Sold with tenants in situ
- Potential yield around 7%
Description
Location - This property is situated in the Heart of an English Coastal Town nestled in the most easterly point of the British Isles. With award-winning sandy beaches and breath-taking Victorian seafront gardens. Explore the Royal Plain Fountains, two piers, and a variety of independent eateries that will tantalise your taste buds. Education is a top priority here, with excellent schools for all ages. Commuting is a breeze with a bus station and train station that offer regular services to Norwich and surrounding areas. Located just 110 miles north-east of London, 38 miles north-east of Ipswich, and 22 miles south-east of Norwich.
Summary - Presenting a prime investment opportunity in the heart of Lowestoft, this property features three separate flats, each with tenants in situ. This freehold opportunity presents a good yield potential of up to 6.7% and offers a convenient investment option. It's proximity to local amenities ensures tenant satisfaction, perfectly situated within walking distance to the town centre, this property promises both convenience and profitability for the savvy investor.
Flat 1 - Entrance Hall
Carpet flooring throughout, doors opening into lounge, bedroom and kitchen.
Lounge (4.1m x 4.5m)
UPVC sash bay windows to front aspect and carpet flooring throughout.
Bedroom (2.5m x 3.9m)
UPVC sash window to rear aspect and carpet flooring throughout.
Kitchen (3.3m x 3.2m)
UPVC windows to side aspect, vinyl flooring throughout, door to rear lobby, units above and below worktops, stainless steel sink and draining board, integrated oven, electric hob, extraction fan and space for fridge.
Lobby
Vinyl flooring throughout, door to rear and bathroom.
Bathroom (1.3m x 1.9m)
UPVC double glazed sash window to side aspect, vinyl flooring throughout, toilet, pedestal wash basin, panelled bath and mains fed shower.
EPC Rating: E47
Currently achieving £525pcm but has the potential to achieve up to £550pcm
Flat 2 - Entrance Hall
Carpet flooring throughout, doors to lounge, bedroom and kitchen.
Lounge (4.5m x 5.3m)
UPVC sash bay windows to rear aspect, UPVC sash window to side aspect and carpet flooring throughout.
Bedroom (2.5m x 4.0m)
UPVC sash window to rear aspect and carpet flooring throughout.
Kitchen (3.5m x 3.2m)
UPVC sash window to side aspect, vinyl flooring throughout, door to bathroom, units above and below worktops, stainless steel sink and draining board, storage cupboard, integrated electric oven, spaces for fridge freezer and washing machine.
Bathroom (1.7m x 3.2m)
UPVC window to rear aspect, vinyl flooring throughout, toilet, panel bath, pedestal wash basin and mains fed shower.
EPC Rating: D58
Currently achieving £490pcm but has the potential to achieve up to £525pcm
Flat 3 - Entrance Hall
Carpet flooring throughout, doors open to bedroom and kitchen.
Bedroom (4.5m x 5.2m)
Bay UPVC double glazed window to front aspect, carpet flooring throughout.
Kitchen (1.8m x 3.8m)
Vinyl flooring throughout, units above and below work surfaces, stainless steel sink and drainer, integrated oven, electric hob and extractor. Spaces for fridge and washing machine. Door opens to shower room.
Shower Room (1.6m x 3.2m)
Timber Velux window, vinyl flooring throughout, toilet, pedestal sink and electric shower within glass cubicle.
EPC Rating: D62
Currently achieving £425pcm but has the potential to achieve up to £475pcm
Agent Note - Each of these flats are currently tenanted, please be aware that the property details could be subject to change.
Financial Services - If you would like to know if you can afford this property and how much the monthly repayments would be, Paul Hubbard Estate Agents can offer you recommendations on financial/mortgage advisors, who will search for the best current deals for first time buyers, buy to let investors, upsizers and relocators. Call or email in today to arrange your free, no obligation quote.
Brochures
Grove Road, Lowestoft, NR32Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
Grove Road, Lowestoft, NR32
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lowestoft Station0.1 miles
- Oulton Broad North Station1.6 miles
- Oulton Broad South Station1.9 miles
About the agent
Paul Hubbard Estate Agents, Lowestoft
178-180 London Road South, Lowestoft, NR33 0BB
Our priority is people
An estate agency formed on high ethical values, we continue to work with clients, plus their friends, families and neighbours.
Our business is local propertyOur staff offer a personal and professional approach to property sales, lettings and management across Lowestoft, extending to Gorleston, Hopton, Blundeston, Somerleyton, Lound, Oulton Broad, Barnby, Mutford, Wrentham, Kessingland and Pakefield.
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 32921286. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Hubbard Estate Agents, Lowestoft. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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