3 bedroom block of apartments for sale
Key information
Property description & 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%
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.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 32921286. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Hubbard Estate Agents - Lowestoft.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 29, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on February 10, 2020 from 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.