50 Grand Avenue, Pakefield, Lowestoft, Suffolk NR33 7AS

Description

Detached three bedroom house with stunning sea views and offering potential. An exceptional opportunity to acquire a spacious three-bedroom detached family home occupying a prime position in the highly sought-after coastal location of East Pakefield. Enjoying panoramic views across Pakefield beach, the promenade and coastline, this property offers enormous potential for those seeking a permanent residence, holiday home or development opportunity (subject to the necessary planning permissions). Standing within generous wraparound lawned gardens, the property provides excellent scope for extension, the construction of ancillary outbuildings or the creation of holiday accommodation, subject to obtaining the relevant planning consents. Further benefits include gas-fired central heating and sealed unit double glazing throughout. This is an opportunity to purchase a substantial coastal property in one of East Pakefield’s most desirable locations, offering immediate enjoyment together with exciting potential to enhance and add value.

Location

50 Grand Avenue, Pakefield, Lowestoft, Suffolk NR33 7AS. 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: ★★☆☆☆