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
£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 bay-fronted property on Tonning Street in Lowestoft has been converted into three self-contained one-bedroom flats, each featuring gas-fired central heating and UPVC double glazing. The property is conveniently located near the town centre, local amenities, schools, and transport links, offering a strong gross rental yield of 8.11%. The flats are currently tenanted and generate a combined monthly income of £1,690. Each flat has practical living accommodation, including fitted kitchens and shower rooms, with Flat 1 benefiting from a private rear courtyard with gated access. The property presents an excellent opportunity for investors looking to add a versatile property with scope to enhance their portfolio.