2-bedroom flat · NR32 2EY
Opportunity summary
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About
Offered with vacant possession, this substantial mid-terraced mixed-use property presents an exciting opportunity for investors, developers and experienced renovators seeking a project with significant potential.
Comprising a former ground-floor commercial unit and a self-contained two-bedroom flat above, the property requires a comprehensive programme of refurbishment throughout and is suitable for cash buyers only.
Having remained vacant for a number of years, both the commercial and residential elements now require extensive improvement works.
However, the property's flexible layout and mixed-use configuration offer a range of possibilities for those looking to add value, generate rental income or explore alternative uses, subject to the necessary planning permissions and building regulation approvals.
The ground-floor shop extends to approximately 47 sq m and has historically served a variety of uses, including as a newsagent.
The accommodation currently comprises a main retail area, office and store rooms, providing a blank canvas for refurbishment or potential reconfiguration.
Accessed independently via a side entrance, the first-floor flat offers two-bedroom accommodation and benefits from double glazing.
The flat requires complete modernisation, including the installation of a new kitchen and bathroom, alongside a full scheme of updating and repair throughout.
Existing accommodation includes a landing, sitting room, kitchen, bathroom, two bedrooms and a wooden balcony.
Outside, the property benefits from a front forecourt and an enclosed rear garden which is currently overgrown and in need of attention.
There is also a wooden outbuilding and outside WC, while the rear offers potential for off-road parking, subject to the necessary consents.
The property may appeal to those considering conversion into residential accommodation, including the potential creation of two self-contained flats or a single dwelling, subject to obtaining the relevant permissions.
Accommodation Ground Floor (Commercial Unit) Main shop area Office Store room First Floor Flat Entrance hall (ground floor access) Landing Sitting room Kitchen Bathroom Two bedrooms Wooden balcony Outside Front forecourt Rear garden requiring clearance and landscaping Wooden outbuilding Outside WC Potential for off-road parking (subject to the necessary consents) Agents Note This property requires substantial refurbishment throughout.
Due to the condition of the property, it is anticipated to be most suitable for cash buyers, developers and investment purchasers.
Prospective purchasers are advised that they must rely upon their own enquiries, investigations and professional advice before proceeding with a purchase.
Any proposed changes of use, redevelopment, conversion, parking provision or other alterations are subject to the necessary planning permissions, building regulations approval and any other relevant consents.
Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with aml regulations, £52 is charged to each buyer which covers the cost of the digital id check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Value & comps
No previous sales on record.
Returns
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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 101 Rotterdam Road, Lowestoft
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