7 bed block of flats for sale

7 Beach Road, Lowestoft, Suffolk NR32

For sale by auction on Wednesday, 18 Jun 2025 at 10:00

Venue: Livestream Auction

High-yielding seven-bedroom licenced HMO towards the centre of Lowestoft let to a housing association on a seven year lease producing £41,640 pa gross

This terraced house is located close to Lowestoft town centre and railway station it comprises seven bedrooms over three floors. The property benefits from a modern kitchen and a shared patio to the rear. It has been let to Serco on a seven year lease.

The property is generating a monthly rental of £3,470pcm (£41,640 per annum), delivering a strong yield.

The property benefits from an HMO licence.

Ground Floor
Kitchen. Dining room, living room, bathroom

First Floor
Four bedrooms, shower room, w.c.

Second Floor
Three bedrooms

Outside
Patio to the rear

Council Tax Band
B


EPC Rating: E

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

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

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

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.