95, Kirkley Gardens, Lowestoft, Suffolk, NR33 7LT

Description

Three bedroom semi detached house in need of full refurbishment. Situated close to the sea front and local amenities including independent shops, schools and restaurants. The property has been within the same family for many years and is now to be sold with vacant possession. Ideal investment opportunity.

Accommodation

Entrance hall, Lounge, Dining Room, Kitchen, Bathroom, Landing, Bedroom 1, Bedroom 2, Bedroom 3

Location

Situated close to the sea front and local amenities including independent shops, schools and restaurants.

Tenure / Property Information

Investment Analysis

The strongest evidence is 89 Kirkley Gardens, a semi-detached freehold that sold for £210,000 on 13 December 2024. This supports a provisional post-refurbishment GDV of £210,000, but the comparable's condition, size and specification are not supplied. The older £134,000 sale of 97 Kirkley Gardens is not sufficiently current to establish a reliable valuation range.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the guide price, inspecting the full refurbishment requirement, obtaining contractor costs and checking any special-condition fees. Do not set a maximum bid from the available evidence alone.

Works Required

Full refurbishment is stated as required. The evidence does not specify individual defects, so the works scope and cost cannot be reliably itemised beyond refurbishment of the existing house.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A provisional refinance value of £157,500 at 75% of the £210,000 base GDV is indicated. Cash required and equity created cannot be calculated because the purchase price and refurbishment cost are unavailable. Full refurbishment risk remains unquantified.

Buy-to-Let Analysis

Advertised rental evidence is £700 pcm, equivalent to £8,400 annually. A gross yield cannot be calculated because no auction guide or purchase price, refurbishment allowance or total project cost is supplied. The rent is an asking rent, not an achieved or guaranteed passing rent.

Flip Analysis

A £210,000 post-refurbishment GDV is supported provisionally by the 2024 sale at 89 Kirkley Gardens. Flip surplus cannot be calculated because there is no guide price, refurbishment budget or supported selling-cost allowance.

Investor Risks & Due Diligence

• The property is stated to need full refurbishment, but the extent and cost of works are unknown.

• No auction guide price is supplied, preventing a maximum-bid or project-cost calculation.

• The £700 pcm figure is an advertised asking rent rather than achieved rent.

• Parking and heating details require confirmation.

• Additional seller fees may be payable under the special conditions of sale.

• The principal comparable's condition, size and specification are not supplied.

Recommendation

Proceed only after confirming the guide price, inspecting the full refurbishment requirement, obtaining contractor costs and checking any special-condition fees. Do not set a maximum bid from the available evidence alone.

Strategy Rating

Analysis Confidence

There is one recent same-street comparable and one advertised rent, but no guide price, detailed condition schedule, refurbishment cost, property measurements, parking/heating confirmation or complete fee information.