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Tonning Street, Lowestoft, Suffolk 5 bed terraced house for sale
Tonning Street, Lowestoft, Suffolk NR32
£250,000
Tonning Street, Lowestoft, Suffolk NR32
£250,000
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 converted three-story bay-fronted house on Tonning Street in Lowestoft, Suffolk, which has been divided into three self-contained flats. Each flat features gas-fired central heating and UPVC double glazing, and they are currently tenanted, generating a combined monthly income of £1,690. The property is conveniently located near the town center, schools, and transport links, offering a strong gross rental yield of 8.11% based on a purchase price of £250,000. Flat 1 has a private rear courtyard with gated access, while each flat has practical living accommodation including fitted kitchens and shower rooms. The property is an excellent investment opportunity for those looking to add a versatile property with scope to enhance their portfolio.