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See how verdicts work2-bedroom flat · NR33 7AU
Sold STCReduced £10k (−4.5%) on 25 OctListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated just a stone's throw from the ever popular Pakefield beach, with its associated pubs, eateries and trendy coffee outlets.
This charming and very spacious ground floor flat would be perfect for young families or active retirees searching for a place to relax and enjoy the sea air - with or without a canine friend!
Local amenities include the historic church, a vibrant retail park, schools and even a beachside sauna!
This property features a grand entrance hall, an enormous Edwardian living room, a modern fitted kitchen with quality appliances, a garden area and a recently constructed garage with its own dedicated power supply.
Being sold with on onward chain. Entrance Hallway - uPVC double glaze door to front access and coved ceiling.
Sitting Room - uPVC double glaze windows and bay windows to front aspect, coal effect fireplace with mantle and surround, radiators and coved ceiling. Dining Room - radiator and coved ceiling.
Kitchen - uPVC double glaze door to rear access, uPVC double glaze windows to rear and side aspect, work top space, cupboards and drawers under, cupboards above, sink with drainer, tile splash back, Integrated Bosch electric hob, Hotpoint microwave, Beko oven, fridge freezer, dishwasher, Worcester boiler to wall, spot light ceiling and radiator.
Conservatory - uPVC door to rear, uPVC surround. Bathroom/Wet Room - uPVC double glaze frosted windows to side aspect, low level WC, hand wash basin, walk in shower and radiator.
Bedroom 1 - uPVC double glaze window to rear aspect, radiator and coved ceiling. Bedroom 2 - uPVC double glaze window to front aspect, radiator and coved ceiling.
Outside - To the front, brick weave garden with path to front door. To the rear, enclosed garden, lawn with flower and shrubs. Garage - Tenure - Leasehold (with share of freehold).
The lease has 999 years from 1989, 962 years remaining, end date 03/05/2987. We have been informed there is no service charge or ground rent payable.
Note: - The four individual flat owners each own 25% of the freehold for the main building.
The four owners also hold an equal share of the company known as Nightingale House Ltd, which is used to arrange maintenance when required for the main building.
No works are currently required and the building is very well maintained.
The only charge payable on an annual basis is the insurance premium for the main building, which is reviewed each year by all four shareholders.
This payment has already been paid for this year and the charge was circa £210 per flat.
Council Tax Band - A Material Info - This property has: Mains Gas, Electric, water & sewerage Flood Risk Info: Very low * Broadband: No connection if connected could achieve speeds of Ultrafast 2000mbps * Mobile: if connected - EE, 02, VODAFONE, THREE ALL LIKELY * Disclaimer: This information is based on predictions provided by Ofcom.
Applicants should carry out their own enquiries to satisfy themselves that the coverage is adequate for their requirements.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Nightingale Road, Pakefield, Lowestoft
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