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Grove Road, Lowestoft, NR32 3 bed block of apartments for sale
Grove Road, Lowestoft, NR32
£230,000
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 features three separate flats, each with tenants in situ, offering a good yield potential of up to 6.7%. The property is situated within walking distance to the town centre, with local amenities, beaches, and Victorian seafront gardens nearby. The flats have been well-maintained and offer a convenient investment option. Flat 1 has a lounge, bedroom, and kitchen, with a bathroom and lobby. Flat 2 has a lounge, bedroom, and kitchen, with a bathroom. Flat 3 has a bedroom and kitchen, with a shower room. Each flat has its own unique features, with potential to increase rental income. The property is currently achieving £525pcm, £490pcm, and £425pcm respectively, but has the potential to achieve up to £550pcm, £525pcm, and £475pcm. This is a fantastic opportunity for savvy investors to generate a strong return on investment.