Opportunity to acquire a four-story Victorian end terrace property in the heart of Lowestoft with full planning permission for conversion to 5-bedroom HMO

This property offers tremendous potential for investment, ideal for builder/developer and landlords. Located close to the centre of Lowestoft on the Suffolk Coast. The current accommodation is arranged over 4 floors and the rooms are generously sized. Full planning for conversion to a 5-bedroom HMO (House in Multiple Occupation) was granted in June 2024 (Ref DC/24/2077/FUL). To the rear is a garden through which the lower ground floor has its own separate entrance. Situated in a convenient residential area of Lowestoft, the property is well placed for local amenities and public transport links. The coastline is also just a short distance away. This property offers excellent investment potential.

Tenure

Freehold

Ground Floor

Entrance hall, lounge and dining room. Stairs leading to basement accommodation and upper floors.

First floor

WC and stairs leading up to three bedrooms

Top floor

Stairs leading up to large attic

Lower Ground Floor

Large main living area, with separate space for kitchen and bathroom. Own entrance to rear garden.

Outside

Garden to rear requiring attention. Outdoor WC.

Council Tax Band

B

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

East Suffolk Council

Solicitors

HKB Wiltshires (Great Yarmouth), Ref: Chelsea Matthews, Tel: 01493 855676

Additional Fees

Buyer's Premium - £960 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.