Ashley House, London Road, Lowestoft, Suffolk, NR33 7PL

Description

An opportunity to acquire a detached three-bedroom house located within the popular Suffolk coastal village of Kessingland. The property has been in the same ownership for many years and now requires a programme of updating and refurbishment throughout, there may be the opportunity to extend subject to obtaining the necessary planning consent from East Suffolk Council. Kessingland has village facilities, a sandy beach and access to Lowestoft and the sought-after coastal resort of Southwold, which both offer an array of high street shops, business and leisure facilities as well as access to the port and the beautiful beaches and attractions.

Accommodation

Ground floor: Entrance Hall, stairs to first floor, lounge/diner, conservatory, kitchen, rear porch, cloakroom. First floor: Landing, three bedrooms, shower room. Exterior: Driveway providing off road parking access to garage, front, side and rear gardens and outbuildings.

Location

Located within the popular Suffolk coastal village of Kessingland. Kessingland has village facilities, a sandy beach and access to Lowestoft and Southwold.

Tenure / Property Information

Investment Analysis

The £140,000 guide is the only purchase-value evidence supplied. No completed-sale comparables, quantified refurbishment budget, rental evidence or formal valuation are available, so GDV, maximum bid and investment returns cannot be reliably estimated. The property is described as requiring updating and refurbishment throughout; the stated extension opportunity remains subject to planning consent.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Obtain the legal pack, inspect the property, price the refurbishment, investigate heating and EPC matters, check special-condition fees and verify planning potential before considering a purchase at or above the guide.

Works Required

Undertake a full inspection and obtain quotations for the updating and refurbishment programme described in the particulars. Review the condition of the house, conservatory, garage, outbuildings, gardens, services, kitchen, bathrooms and finishes before bidding. Any extension should be treated as speculative until planning consent is obtained from East Suffolk Council.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable without a quantified refurbishment cost, post-works GDV, rent and finance assumptions. The only known acquisition reference is the £140,000 guide plus the £1,800 documentation fee, before any refurbishment or other completion costs.

Buy-to-Let Analysis

BTL cannot be quantified because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating costs and debt affordability therefore remain unestablished. The £1,800 inclusive-of-VAT contract documentation fee is known, while any seller-charged completion fees are unspecified.

Flip Analysis

A flip appraisal cannot be completed because there are no completed-sale comparables, GDV evidence, refurbishment quotation or supported selling-cost allowance. Any extension value is also uncertain and requires planning consent.

Investor Risks & Due Diligence

• The property is stated to require updating and refurbishment throughout, but the scope and cost are unquantified.

• EPC is listed as TBC.

• Heating details are unavailable from the supplied evidence.

• No sufficiently specific rental evidence or passing rent is supplied.

• The seller may charge additional completion fees under the Special Conditions of Sale, but these are not provided.

• Any extension is subject to obtaining planning consent from East Suffolk Council.

• No completed-sale comparables are supplied to support the guide price or GDV.

Recommendation

Do not bid on current evidence alone. Obtain the legal pack, inspect the property, price the refurbishment, investigate heating and EPC matters, check special-condition fees and verify planning potential before considering a purchase at or above the guide.

Strategy Rating

Analysis Confidence

Only the guide price, property description, tenure, known documentation fee and general location information are supplied. There are no sold comparables, rental evidence, EPC result, quantified works budget or complete special-condition fee schedule.