Grove Road, Lowestoft, NR32 3 bed block of apartments for sale

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Grove Road, Lowestoft, NR32 3 bed block of apartments for sale

Grove Road, Lowestoft, NR32
£230,000

Price History

Initial price £275,000
19/03/24 £250,000
20/03/24 £275,000
21/03/24 £250,000
16/10/24 £240,000
28/03/25 £230,000
Price Change -16.36%

Description

This prime investment opportunity in the heart of Lowestoft offers a good yield potential of up to 6.7% and features three separate flats, each with tenants in situ. The property is situated within walking distance to the town centre, close to local amenities, and has a convenient investment option. The flats are each well-appointed with modern fixtures and fittings, including UPVC windows, carpet flooring, and kitchen appliances. The current rental income is £525, £490, and £425 per month, respectively, but has the potential to achieve up to £550, £525, and £475 per month, respectively. With a freehold title and EPC ratings of E47, D58, and D62, this property promises both convenience and profitability for the savvy investor.