Abigail Court
Abigail Court
Location:
Lowestoft
Planning permission has been granted for the construction of 27 units at Abigail Court, situated in the heart of the town centre. This location provides residents with easy access to a wide range of amenities, such as shops, stores, pubs, restaurants, bars, and various leisure facilities typical of a coastal town.
Additionally, a 10-year contract has been signed with a housing association, securing a fixed rental income for the duration. This project is poised to offer much-needed residential accommodation in the area.
Planning permission granted for 27 apartments. Plus, a 10-year contract with a housing association for a fixed rental income.
£1.10m
Purchase price
£1.05m
Development costs
£2.15m
Total project costs
£3.00m
GDV
Location, Location, Location
Lowestoft is a coastal town and is the 2nd largest town behind Ipswich in the county of Suffolk. Also famed for being home to Ness Point, Britain’s most easterly point of the British Isles, it is the first place to see the Sunrise in the UK. Lowestoft is fast becoming a regional centre of the Renewable Energy Industry through having the world’s largest Wind Farm located 14 miles off the coast in the North Sea. Among its many attractions, Lowestoft boasts 2 Piers, Africa Alive Zoological Reserve, and the award Hills Theme Park. As well as being home to the Royal Philharmonic Orchestra, Lowestoft is also the birthplace of the English composer, conductor and pianist Benjamin Britten.
Overall, sold prices in Lowestoft are 5% up.
