Tonning Street, Lowestoft, Suffolk 5 bed terraced house for sale

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Tonning Street, Lowestoft, Suffolk 5 bed terraced house for sale

Tonning Street, Lowestoft, Suffolk NR32
£230,000

Our Summary

  • This investment presents an excellent opportunity for those looking to add a versatile property with scope to enhance to their portfolio
  • Ideal investment opportunity with immediate income

Description

This property is a block of three self-contained flats located on Tonning Street in Lowestoft, Suffolk. Each flat features gas-fired central heating and UPVC double glazing throughout, and benefits from practical living accommodation including fitted kitchens and shower rooms. The property is conveniently located near the town centre, local amenities, schools, and transport links, and offers a strong gross rental yield of 8.11% based on a purchase price of £250,000. All three flats are currently tenanted and generate a combined monthly income of £1,690. Flat 1 has a private rear courtyard with gated access, while each flat provides ample living space. The property is situated in a popular coastal town with award-winning beaches, Victorian seafront gardens, and a range of independent eateries. The town also has excellent schools and a bus station and train station with regular services to Norwich and surrounding areas.