Auction
Auction date passed
This lot went to auction on 21 October 2026 (6 days ago) but remains listed. It was still on the portal today. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
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See how verdicts workStudio flat · NR32 1HR
For saleListed 33 daysAuction 21 Oct · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction on Wednesday, 21 Oct 2026 at 10:00 Venue: Livestream Auction High yielding freehold residential investment comprising eight flats let producing over £51,000 pa Known as Logun Court this modern block of flats was built in 2007.
It comprises eight let flats producing £50,868 pa. In addition there is £150 pa ground rent income from flat 6 and 8 and the high street shop which were sold off on long leases.
Three of the eight flats are let to Waveney District Council and the other five flats are let to individuals.
Four of the flats are located above and behind the high street shop at the front and four are located at the rear accessed from Gun Lane.
Flat 6 sold for £91,000 in 2019 and flat 8 for £111,000 in 2023 giving an investor scope to sell the 8 flats off individually.
This is an ideal opportunity for an investor looking for a high yielding investment or to sell the flats off individually.
Description Flat 1: Two bedroom 58 sq/ m mid floor flat let at £632 pcm (£7,584 pa) Flat 2: One bedroom 57 sq/m mid floor flat let at £500 pcm (£6,000 pa) Flat 3: One bedroom 44 sq/m top floor flat let at £515 pcm (£6,180 pa) Flat 4: One bedroom 44 sq/m mid floor flat let at £485 pcm (£5,820 pa) Flat 5 two bedroom 59 sq/m ground floor flat let at £632 pcm (£7,584 pa) Flat 7: One bedroom 58 sq/m flat with parking space let at £565 pcm (£6,780 pa) Flat 9: Two bedroom 40 sq/m top floor flat let at £535 pcm (£6,420 pa) Flat 10: Two bedroom 44 sq/m top floor flat let at £625 pcm (£7,500 pa) Outside Off road parking at rear accessed off Gun Lane.
Council Tax Band A EPC Rating: B, C and D Additional Fees Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 141-142 High Street, Lowestoft
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