3 bedroom block of apartments for sale

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3 bedroom block of apartments for sale

Grove Road, Lowestoft, NR32
£240,000

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
Price Change -12.73%

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 and award-winning beaches nearby. The flats have been well-maintained and are currently achieving £525, £490, and £425 per month, respectively, with the potential to increase to £550, £525, and £475 per month. The property has a freehold title and is suitable for first-time buyers, buy-to-let investors, upsizers, and relocators. With its proximity to local amenities and excellent schools, this property promises both convenience and profitability for the savvy investor.