Auction Opportunity for HMO Conversion in Lowestoft
A Victorian property at 47 London Road South in Kirkley, Lowestoft stands set for auction; its design, a seven‐bedroom mid‐terrace, targets low‐earning professionals after three conversion bids for asylum seekers fell through. The property now awaits a decision on a new application; that application alters the house into a six‐bedroom HMO. Recent planning approves the removal of the front wall and the construction of a new driveway for off‐road parking, factors that add weight to its value.
Auction Details
The auction is fixed for Wednesday, June 18, with a guide price from £180,000 to £200,000, fees extra. The property spans three floors over about 167 square metres; its previous annual rental income reached £21,600. It is sold with vacant possession and an admission that some improvements are needed. On the ground floor run an entrance hall, a combined dining area and kitchen, an ensuite bedroom, a living room, and a rear lobby; the first and second floors provide several bedrooms plus shared facilities.
Conclusion
This auction poses an opportunity for investors seeking a stake in the HMO sector. The strategic location and sanctioned changes position this property as a challenging yet potentially rewarding rental asset in the housing market.
