14 Notley Road, Lowestoft, Suffolk, NR33 0UG

Description

Great opportunity in this spacious three bedroom mid-terraced house situated in a residential area of the Suffolk coastal town of Lowestoft. This ex-local authority property is need of some maintenance and modernisation and would suit a purchaser looking for a project either as an investment or to be a family home.

Accommodation

Ground floor: entrance hall, lounge, kitchen/diner, bathroom. First floor: landing and three spacious bedrooms. Exterior: generous frontage and a decent size rear garden which both require maintenance.

Location

Situated on the south of the river in the coastal town of Lowestoft, Suffolk.

Tenure / Property Information

Investment Analysis

The supplied same-road freehold terraced comparables range from £130,000 to £190,000, with the three highest/most relevant stated sales at £160,000 and £190,000. The subject is also a three-bedroom terraced house but requires maintenance and modernisation, so a supported working GDV range is £160,000–£190,000, with £170,000 used as the base estimate. This remains indicative because floor area, internal condition and detailed comparable specifications are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only if inspection confirms manageable works and bidding remains materially below the evidenced GDV range. The strongest supported angle is a refurbishment-led resale or refinance, not an income-led BTL, because rent evidence is absent.

Works Required

Maintenance and modernisation of the house, together with maintenance of the generous frontage and rear garden, as specifically indicated in the description. The evidence does not quantify the required works or identify particular internal defects.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £85,000 guide, the property has substantial apparent headroom against the indicative £170,000 base GDV, and 75% of that GDV is £127,500. However, refurbishment costs, finance costs, taxes and total acquisition costs are not sufficiently evidenced, so cash required and cash left in cannot be calculated reliably.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The known acquisition charges are £1,680 buyer premium and £1,200 administration charge, with possible additional charges also noted by the auctioneer. Works costs are unquantified.

Flip Analysis

A resale case is suggested by same-road sales between £160,000 and £190,000, but the property requires maintenance and modernisation. Without a supported refurbishment allowance, selling-cost allowance or complete project-cost basis, flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The property is described as requiring maintenance and modernisation, but the scale and cost of works are unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate is available, preventing reliable BTL yield analysis.

• Additional auction-related charges may apply beyond the stated buyer premium and administration charge.

• The comparable sales range from £130,000 to £190,000, indicating valuation variability.

• Inspection, finance, tax and selling costs are not supplied and may materially affect project returns.

Recommendation

Proceed only if inspection confirms manageable works and bidding remains materially below the evidenced GDV range. The strongest supported angle is a refurbishment-led resale or refinance, not an income-led BTL, because rent evidence is absent.

Strategy Rating

Analysis Confidence

Same-road completed-sale evidence and auction charges are available, but internal condition detail, floor area, refurbishment costs, rental evidence, finance costs and other possible acquisition or selling costs are not supplied.