The asking price of £120,000 seems somewhat reasonable given the current market conditions in Lowestoft and the comparable properties listed. Similar properties in the area have sold for similar or slightly lower prices. However, the lack of plot size and the average condition of the property are factors which detract from the value somewhat. The presence of a tenant in situ adds a layer of complexity to the investment, impacting the overall assessment of value.

The property appears to be in reasonable condition from the provided photos. It’s not newly renovated or modern, but seems well-maintained and habitable. There are no obvious signs of significant disrepair, although a closer in-person inspection would be needed for a definitive assessment. The interior is clean and presented well.

The property is located in Lowestoft, Suffolk, which is a coastal town with a mix of amenities and challenges. While there are nearby schools and transportation links (Lowestoft Train Station), the proximity to some schools with lower Ofsted ratings and the general condition of the surrounding area based on the images, pull the score down. The Harbour & Normanston locality is neither particularly affluent nor deprived, representing a middle ground. Better amenities are found in other parts of Lowestoft.

The property has a small, unkempt backyard. This is hardly more than a paved area at the rear of the property. While a garden is present, its size and condition severely limit its value, resulting in a low score.