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See how verdicts work1-bedroom flat · NR32 4PB
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Some homes are bought for the setting as much as the property, and this first-floor apartment on North Parade is one of them.
It has side views of the sea in the distance, with Belle Vue Park and the coast a few moments’ walk away.
It sits in a handsome period building in one of North Lowestoft’s most attractive spots, and the town centre, station and shops are all within easy reach.
At approximately 644 sq ft, it gives you far more room than most one-bedroom homes. The ceilings are about 3.1 metres high and the windows are tall, so every room feels light and spacious.
The sitting and dining room is the one buyers will remember. Light pours in through a curved bay, there’s a feature fireplace, and there’s room for a proper lounge area and a dining table.
The separate kitchen has wall and base units, an integrated oven and gas hob, and space for further appliances.
The bedroom is a genuine double with room for a king-size bed, and it has built-in storage. The bathroom has a bath with shower attachment, wash basin and WC.
You also get allocated parking, which is a real bonus this close to the sea.
The apartment comes with a new 999-year lease, and the buyer is intended to receive a share of the freehold once more apartments in the building have sold. There’s no onward chain.
It’s a great first-time buy or investment opportunity with plenty of character, a sensible downsize, or a solid investment by the coast.
Communal Entrance Communal entrance door with attractive stained-glass detailing and surrounding stained-glass panels.
Communal hallway with stairs leading to the first floor apartment, carpet to floor. Entrance Hall Entrance door, built-in storage cupboard, telephone entry system, radiator, carpet to floor.
Lounge/Diner 16'11" x 16'6" (5.16m x 5.03m) Double glazed curved bay window to front aspect, feature fireplace with decorative surround and tiled inset, two radiators, picture rail, coving, carpet to floor.
Kitchen 10'4" x 7'1" (3.15m x 2.16m) Double glazed window to front aspect, fitted range of wall and base units with work worktops and tiled splashbacks, inset stainless steel sink with single drainer and mixer tap, integrated oven, gas hob and extractor over, spaces for under counter fridge/freezer, washing machine, picture rail, radiator, vinyl to floor.
Bedroom 1 16'11" x 10'7" (5.16m x 3.23m) Double glazed window to rear aspect, built-in storage cupboards, radiator, coving, picture rail and carpet to floor.
Bathroom Double glazed privacy window to side aspect, panelled bath with mixer taps and shower attachment over, pedestal wash hand basin and low level WC, tiled splashbacks, radiator and vinyl flooring.
Parking Private allocated off-road parking is provided to the front of the property. Agents Note Offered chain free. New 999 year lease.
Freehold may be transferable once other apartments within the building are sold. There is no ground rent payable or regular maintenance charge. Has been previously rented out for £775pcm.
There is double glazing and gas central heating throughout. The communal entrance is well kept and offers character features. There is no garden but there is off-road parking. Council Tax Band: A.
Disclaimer Howards offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your portfolio, please call the Lettings Manager on the above number.
Howards is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Photos in this listing may be digitally enhanced or altered for illustrative or marketing purposes.
Where applicable, furniture, decoration, landscaping or other features shown may not reflect the property in its current form.
Please refer to the description and ask the agent to confirm the current condition and features before relying on any image.
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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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.
Area
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FAQ
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