Land · NR32 1UL
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The site extends to approximately 0.09 hectares (0.23 acres) and comprises a number of buildings with planning permission granted in three phases as follows: Phase 1 - conversion of the existing four storey building to provide 4x ground floor commercial studios and 12x residential apartments on the upper floors Phase 2 - conversion of the existing building to provide 2x ground floor commercial studios and 6x residential apartments on the upper floors Phase 3 - conversion of the existing Grade II Listed warehouse building into 2x live/work units comprising commercial ground floor studio accommodation and 2x two bedroom apartments above Some works for Phase 1 have been completed but prospective purchasers are to rely on their own enquiries in this regard.
Location : Lowestoft lies on the east coast of England approximately 29 miles south east of Norwich and can be accessed via the A12, A47 and A146.
The town is known for its long sandy beach, which stretched for several miles along the coast and is a draw for tourism into the town.
Lowestoft railway station lies within a miles of the subject property and provides regional rail links and national rail services via nearby Norwich railway station.
Additonally numerous bus routes serve the town and surrounding area and Norwich Airport lies approximately 34 miles to the north west.
Whapload Road ia a busy thoroughfare running north from the town centre and is home to numerous shops, restaurants and pubs.
The property lies on the west side of the road less than one mile north of the town centre and within a few hundred yards of the sea front.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About 311-314 Whapload Road, Suffolk, NR32 1UL
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