2-bedroom flat · NR33 8EX
Listing removedListed 396 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £126,500 Two freehold studio flats, one with garden and each with garage in popular residential area of Carlton Colville.
A rare opportunity to acquire two compact residential side-by-side units, situated in the popular Carlton Colville area of Lowestoft. No.
69 was recently let on Assured Standard Tenancy producing £500 pcm (£6,000 pa) whilst No.
67 has very recently become vacant after being tenanted for several years and is now in need of some repair and updating before it could be re let.
Located on this popular residential estate these flats are ideal for those looking for easily lettable investments.
Both flats have a garage below as well as further parking and benefit from a garden to the side. Together these two freehold properties offer a strong potential yield.
Accommodation Exterior stairs lead up to the entrance to both flats, each flat has main living space/bedroom area with kitchen and separate bathroom.
Council Tax Band A, A Viewings Viewings are available on request Please contact the Norwich Office to book your appointment Note: The Interior photos of no.
69 were taken in Spring 2025 prior to the current tenant moving in. Tenure: Freehold EPC Rating: D, C Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £960 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 67 and 69 Harebell Way, Lowestoft, Suffolk NR33 8EX
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