29 Hervey Street, Lowestoft, NR32 2JG

Description

• PRIME NEW LISTING. We are excited to present this development opportunity offering two flats sold together, located within a prime location in Lowestoft.

• **14, Hervey Street, Lowestoft NR32 2JG sold for £180,000 in Jan 2022. 45, Stevens Street, Lowestoft NR32 2JF sold for £190,000 in Mar 2025.**

• Scope to add further value with the second unit once refurbished, for those interested in rental investments, properties in this highly sought-after area 2 Beds in the area are achieving rentals between £750 pcm per flat. Securing this property at the guide price could yield a remarkable gross return of 14.4%

• The property features partially converted loft spaces that offer exciting possibilities. By installing stairs and completing the conversion, there's potential to transform the space into a 4-bedroom flat, subject to building control approval and planning permission.

• Commuting is a breeze with convenient access to the local bus and train stations offering regular services to Norwich and surrounding areas. Situated just 110 miles north-east of London, this location is ideal for commuters.

PRIME NEW LISTING. We are excited to present this development opportunity offering two flats sold together, located within a prime location in Lowestoft.

The property comprises:

:A welcoming open-plan living space with vaulted ceilings and charming feature beams. The spacious area, combined with a well-equipped kitchen, provides a perfect setting for modern living. It includes two cosy bedrooms and a stylish bathroom with quality fixtures. The loft spaces are partially converted, offering potential for a wonderful expansion. Epc:E48

:This ground floor flat comes stripped-out, providing a blank canvas for your vision. The open layout means incoming buyers can renovate and configure the space to fit their exact specifications. EPC:C72

- The main entrance to the first floor flat B is positioned at the front of the building, while secure gated access leads to the entrance of ground floor flat A. Both properties benefit from useful brick-built storage in this area.

The loft spaces in Flat A offer exciting possibilities. By installing stairs and completing the conversion, there's potential to transform the space into a 4-bedroom flat, subject to building control

Scope to add further value with the second unit once refurbished, for those interested in rental investments, properties in this highly sought-after area 2 Beds in the area are achieving rentals between £750 pcm per flat. Securing this property at the guide price could yield a remarkable gross return of 14.4%

Commuting is a breeze with quick access to the bus and train stations offering regular services to Norwich and surrounding areas. Situated just 110 miles north-east of London, this location is perfect for commuters.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**14, Hervey Street, Lowestoft NR32 2JG sold for £180,000 in Jan 2022. 45, Stevens Street, Lowestoft NR32 2JF sold for £190,000 in Mar 2025.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Lowestoft is a charming coastal town known for its beautiful beaches and maritime heritage. It's a thriving community with excellent amenities and convenient transport links, making it an attractive place for both residents and investors. Located just 110 miles north‐east of London, 38 miles north‐east of Ipswich, and 22 miles south‐east of Norwich.

Map

Need help funding this purchase?

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.