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
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 features three separate flats, each with tenants in situ, offering a good yield potential of up to 6.7%. The property is conveniently located within walking distance to the town centre, with local amenities and excellent schools nearby. The flats are well-appointed, with modern fixtures and fittings, and each has its own unique features. Flat 1 has a lounge, bedroom, and kitchen, while Flat 2 has a lounge, bedroom, and kitchen with a separate bathroom. Flat 3 has a bedroom and kitchen with a shower room. The property has a good EPC rating, with each flat achieving a yield of up to £550pcm, £525pcm, and £475pcm respectively. This is an excellent investment opportunity for the savvy investor, offering both convenience and profitability.