156 Pakefield Street, Lowestoft, Suffolk NR33 0JT

Description

Two bedroom end terraced house situated close proximity to Pakefield beach on the East Suffolk coast south of Lowestoft. Charming two bedroom end terraced house situated in the village of Pakefield on the East coast. This probably would have been a former fisherman's cottage and over the years has been renovated to provide a cosy home a short stroll from Pakefield beach well known for its beauty. The cottage has recently been let and is now vacant and would benefit from some redecoration to enhance the opportunity of a holiday home or first time purchase. Offering sitting room, dining area and kitchen on the ground floor with two bedrooms and bathroom occupying the first floor. Outside there is a walled garden to the front with shared access leading to the enclosed rear garden.

Location

156 Pakefield Street, Lowestoft, Suffolk NR33 0JT. Located in the NR33 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆