>
Grove Road, Lowestoft, NR32 3 bed block of apartments for sale
Grove Road, Lowestoft, NR32
£230,000
Grove Road, Lowestoft, NR32
£230,000
Our Summary
- Presenting a PRIME INVESTMENT OPPORTUNITY in the heart of Lowestoft, this property features three separate flats, each with tenants in situ
- Summary - Presenting a prime investment opportunity in the heart of Lowestoft, this property features three separate flats, each with tenants in situ
- EPC Rating: E47Currently achieving £525pcm but has the potential to achieve up to £550pcmFlat 2 - Entrance Hall Carpet flooring throughout, doors to lounge, bedroom and kitchen
- EPC Rating: D58Currently achieving £490pcm but has the potential to achieve up to £525pcmFlat 3 - Entrance Hall Carpet flooring throughout, doors open to bedroom and kitchen
- EPC Rating: D62Currently achieving £425pcm but has the potential to achieve up to £475pcmAgent Note - Each of these flats are currently tenanted, please be aware that the property details could be subject to change
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.