2 bed flat for sale

Kirkley Cliff, Lowestoft NR33

Tenure: Leasehold

Priced to sell-vacant & chain free

Leasehold-59 Years Remaining (Cash or Bridging Finance Buyers)

Service Charge £1200 & Ground Rent £40 pa

This top floor two-bedroom flat presents an excellent opportunity for buyers seeking a property with strong investment potential or those looking to create a bespoke home by undertaking refurbishment and modernisation. Priced to sell and offered vacant with no onward chain, the flat is available to cash or bridging finance buyers due to its 59-year leasehold term. The accommodation comprises a spacious living area that enjoys sweeping sea views, two well-proportioned bedrooms, a kitchen, and a shower room with W.C and wash basin. The property is in need of updating throughout, offering scope for buyers to add value and tailor the space to their own tastes. With an EPC rating of D and council tax band A, the flat represents an affordable option in this sought-after coastal location. The estimated rental income of £650 per month offers a potential gross yield of approximately 9.5 percent per annum, making this an attractive prospect for buy-to-let investors. The annual service charge is £1,200, and the ground rent is £40 per annum.

Externally, the property benefits from unallocated on-street parking, providing convenient access for residents and visitors alike. The building is set in a prominent position, allowing residents to enjoy the coastal atmosphere and far-reaching views across the sea. The surrounding area is well-served by local amenities, with shops, cafes, and public transport links all within easy reach. The location offers a pleasant environment for those who appreciate outdoor activities, including walking along the nearby promenade or enjoying the local parks and green spaces. This property presents a fantastic opportunity for buyers looking to secure a competitively priced flat with the potential to add significant value, all within a desirable seaside setting. Early viewing is highly recommended to appreciate the scope and potential on offer.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

nb. In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by Director’s of Move Places Ltd.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Location

Flat 5,5 Kirkley Cliff, Lowestoft, NR33 0BY

Parking - On Street

Unallocated