2-bedroom house · NR32 2AN
Listing removedListed 90 days
Opportunity summary
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About
Aldreds are pleased to offer this two-bedroom mid-terraced house, ideally situated in a convenient North Lowestoft location within walking distance of the beach, railway station, and town centre.
Recently vacated by a tenant, the property is now in need of complete clearance and full refurbishment throughout, offering an excellent opportunity for investors, developers, or buyers looking for a renovation project.
The accommodation comprises two reception rooms and a kitchen on the ground floor. Upstairs, there is a central landing leading to two bedrooms and a bathroom.
Externally, the property benefits from an enclosed rear garden with ample space for bistro-style outdoor seating. The property is sold as seen, and no gas or electrical certificates will be provided.
Due to its condition, the vendors are seeking cash buyers only. Viewings are available on the open days please call the office to note your interest and we can pass on the open house times.
Best and final offers must be submitted to the Lowestoft office or by email to no later than 12:00 pm on Wednesday, 5 August 2026.
Lounge (3.7 x 3.34 (12'1" x 10'11")) Upvc window, radiator, power points. Dining Room (3.04 x 2.84 (9'11" x 9'3")) Radiator, power points, Upvc window.
Kitchen (3.03 x 1.84 (9'11" x 6'0")) Tiled flooring, fitted kitchen units, stainless steel sink, power points, Upvc window, door leading to rear garden, wall mounted combination gas boiler.
First Floor Landing with fitted carpet with 2 bedrooms and a bathroom leading off. Bedroom 1 (3.44 x 3.56 (11'3" x 11'8")) Fitted carpet, Upvc window, radiator, power points.
Bedroom 2 (2.32 x 3.09 (7'7" x 10'1")) Fitted carpet, Upvc window, power points, radiator.
Bathroom White bathroom suite comprising of a low level W.C, pedestal sink, panel bath, Upvc window, radiator.
Outside There is a garden area with timber and felt shed and pedestrian rear access Agent Note Please note the property does need full refurbishment and will need clearance and is being sold as seen with all the goods within.
There will be no gas certificates of guarantees or no electric testing certificates or guarantees. Because of the above information the vendors are looking for cash purchasers only.
Tenure And Services Freehold Council Tax Band A
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 32, Tonning Street, Lowestoft
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