5-bedroom terraced house · NR32 2AL
For saleReduced £10k (−4.3%) on 22 JunListed 444 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** block of 3 flats for sale ** This bay-fronted property on Tonning Street has been converted into three self-contained flats, each featuring gas-fired central heating and UPVC double glazing throughout.
Conveniently located near Lowestoft town centre, local amenities, schools, and transport links, the property offers a strong gross rental yield of 8.11% based on a purchase price of £250,000, with all flats currently tenanted and generating a combined monthly income of £1,690.
Flat 1 benefits from a private rear courtyard with gated access, while each flat provides practical living accommodation including fitted kitchens and shower rooms.
This investment presents an excellent opportunity for those looking to add a versatile property with scope to enhance to their portfolio.
Location This home is situated in the Heart of an English Coastal Town nestled in the most easterly point of the British Isles.
With award-winning sandy beaches and breath-taking Victorian seafront gardens. Explore the Royal Plain Fountains, two piers, and a variety of independent eateries that will tantalise your taste buds.
Education is a top priority here, with excellent schools for all ages. Commuting is a breeze with a bus station and train station that offer regular services to Norwich and surrounding areas.
Located just 110 miles north-east of London, 38 miles north-east of Ipswich, and 22 miles south-east of Norwich.
Communal: Entrance Hall Timber entrance door to the front aspect, fitted carpet, doors opening into Flats 1-3 which are set over 3 floors.
Flat 1: Entrance Hall Timber entrance door to the side aspect, fitted carpet and doors opening to the sitting room, bedroom 2 & the kitchen.
Flat 1: Sitting Room (4.36 max into bay x 3.18 (14'3" max into bay x 10') Fitted carpet, UPVC double glazed bay window to the front aspect and a radiator.
Flat 1: Bedroom 2 (3.27 x 1.79 (10'8" x 5'10")) Fitted carpet, UPVC double glazed window to the rear aspect and a radiator.
Flat 1: Kitchen (5.11 max x 2.39 max (16'9" max x 7'10" max)) Vinyl flooring, UPVC double glazed window to the side aspect, gas boiler, radiator, units above & below, laminate work surfaces, stainless steel sink & drainer with mixer tap, tile splash backs, spaces for an oven, washing machine & fridge-freezer, a UPVC door opens to the rear garden and a hallway leads to doors which open to the bedroom & shower room.
Flat 1: Shower Room (1.64 x 1.63 (5'4" x 5'4")) Vinyl flooring, UPVC double glazed obscure window to the side aspect, part-tiled walls, toilet, radiator and a pedestal wash basin with hot & cold taps.
Flat 1: Bedroom 1 (3.22 x 2.45 (10'6" x 8'0")) Fitted carpet, UPVC double glazed window to the side aspect and a radiator.
Flat 1: Outside Flat 1 benefits from a private rear courtyard with secure gated access to a shared rear passageway.
Flat 2: Entrance Hall Timber entrance door to the side aspect, fitted carpet, UPVC double glazed obscure window to the side aspect, radiator and doors opening to all internal rooms.
Flat 2: Open-Plan Living Space (4.36 max into bay x 4.25 max (14'3" max into bay x) Fitted carpet & vinyl flooring, UPVC double glazed bay window to the front aspect, radiator, built-in storage cupboard, units above & below, laminate work surfaces, inset stainless steel sink & drainer with mixer tap, space for appliances and a built-in extractor fan.
Flat 2: Bedroom 1 (3.35 x 2.38 (10'11" x 7'9")) Fitted carpet, UPVC double glazed window to the side aspect and a radiator.
Flat 2: Bedroom 2 (3.25 x 1.74 (10'7" x 5'8")) Fitted carpet, UPVC double glazed window to the rear aspect and a radiator.
Flat 2: Shower Room (4.60 x 1.33 (15'1" x 4'4")) Vinyl flooring, down lights, extractor fan, radiator, toilet, pedestal wash basin with hot & cold taps, mains-fed shower set into a cubicle enclose and tiled splash backs.
Flat 3: Entrance Hall Timber entrance door to the rear aspect, Fitted carpet, built-in storage cupboard and doors opening to all internal rooms.
Flat 3: Bedroom (2.65 x 2.36 (8'8" x 7'8")) Fitted carpet, UPVC double glazed window to the rear aspect, radiator and a door opens to the en-suite shower room.
Flat 3: En-Suite Shower Room (2.57 x 0.77 (8'5" x 2'6")) Vinyl flooring, radiator, toilet, pedestal wash basin with hot & cold taps, mains-fed shower set into a cubicle enclosure and tiled splash backs.
Financial Services If you would like to know if you can afford this property and how much the monthly repayments would be, Paul Hubbard Estate Agents can offer you recommendations on financial/mortgage advisors, who will search for the best current deals for first time buyers, buy to let investors, upsizers and relocators.
Call or email in today to arrange your free, no obligation quote.
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
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.
Area
Agent & docs
FAQ
About 84, Tonning Street, Suffolk
Explore nearby