Land to the rear of Victoria Road, Lowestoft, NR33 9NQ

Description

An opportunity to acquire a freehold parcel of land located to the rear of Victoria Road in Lowestoft with potential for 4 parking spaces An opportunity to acquire a freehold parcel of land

Accommodation / Key Property Details

• Located to the rear of Victoria Rd
• Potential for 4 parking spaces An opportunity to acquire a freehold parcel of land located to the rear of Victoria Road in Lowestoft with potential for 4 parking spaces
• Freehold parcel of land
• Accessed off South Elmham Terrace
• 5 minute drive to South Pier
• Potential for 4 parking spaces
• Local bus stops are located directly adjacent
• Situated in a well-established residential area
• Ideal for speculative investors & owner occupiers

Location

Land to the rear of Victoria Road, Lowestoft, NR33 9NQ

Tenure

Freehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

HB desktop allowance: £5,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.

Low / Base / High Investment Scenario

Specialist Land / Development Analysis

Assess access, boundaries, services, environmental constraints, planning status, abnormal site costs and lawful use. Where planning is absent, lapsed or only potential, no residential GDV is assumed.

Maximum Bid Indicator

Use verified comparable land value or a residual development appraisal, less buyer premium, legal/professional fees, site/build costs, finance, holding, contingency, selling costs and required developer profit. SDLT is buyer-specific and excluded.

Strategy Recommendation

Land hold, amenity/agricultural use or development only where planning and legal due diligence support the intended strategy.

Strategy Rating

Land Hold: ★★★☆☆ | Development: ★★★☆☆ subject to planning | BTL: Not applicable

Key Risks

Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.