Victorian Home in Lowestoft Set for HMO Auction
A property, Victorian and located on London Road South in Kirkley, Lowestoft, stands designated for an online auction on 18 June; its seven-bedroom, mid-terrace structure now links potential conversion into a House in Multiple Occupation within a network of tightly bound dependencies.
Background and Planning
The property carries a record of earlier conversion attempts aimed at asylum seeker accommodation that repeatedly failed when three applications met community objections and resultant denials; a new proposal now transforms the house into a six-bedroom multiple occupancy unit for low-income professionals while a decision by the local council hovers in a dependent, regulatory network.
Auction Details
The property is presented with a guide range of £180,000 to £200,000 with supplementary fees attached, as Auction House East Anglia lists the home with its three-level layout—approximately 167 square metres—while previous annual rental income of £21,600 and recommended improvements nest within the financial and architectural dependency relations.
Features of the Property
Internally, the structure comprises an entrance hall, a dining and kitchen area merged into one, an ensuite bedroom, and a living room on the ground floor; on the first floor, three bedrooms, a bathroom, and a separate WC coalesce, whereas the second floor contains additional living space with three bedrooms, all arranged in a system of closely linked syntactic dependencies. Planning permission, granted for the removal of a front boundary wall and establishment of a new parking facility ahead of the property, integrates physical modification into the existing structural and regulatory framework.
Conclusion
The auction of this Victorian residence presents an opportunity for investors with an interest in multiple occupancy housing as its proposed modifications conjoin with the current spatial layout in a complex, layered network of dependencies that may instigate multifaceted strategic acquisition within the rental market.
