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See how verdicts work2-bedroom flat · IP15 5DF
For saleReduced £15k (−5.7%) on 25 OctListed 249 days
Opportunity summary
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About
Aldeburgh Lodge is a conventionally built low rise development of flats which was built in the late 1970's in an excellent location on the northern fringe of Aldeburgh commanding panoramic views out over the Thorpeness road to the beach and sea beyond.
Aldeburgh is an extremely popular seaside town, renowned for its connections with the composer Benjamin Britten, its sailing on the Rivers Alde and Ore and its heathland golf course.
The High Street features an eclectic range of independent shops and brand name boutiques, restaurants and galleries, along with an independent cinema.
The town is close to open countryside and nature reserves which are connected through a vast network of public footpaths.
Situated within the Suffolk Heritage Coast, an Area of Outstanding Natural Beauty, Aldeburgh is approximately two hours drive from London and the nearest train station is seven miles away at Saxmundham which, with a change at Ipswich, connects to London Liverpool Street.
Overview - Aldeburgh Lodge is a conventionally built low rise development of flats which was built in the late 1970's in an excellent location on the northern fringe of Aldeburgh commanding panoramic views out over the Thorpeness road to the beach and sea beyond.
This Flat is on the southeast corner of the building on the 2nd floor. It enjoys sea views from its living room and kitchen windows.
It consists of two double bedrooms, a bathroom & kitchen with living room. It then has a garage with further parking available in the communal visitors spots.
Entrance Hall - A large entrance hall with an entry phone system. A double, partly shelved storage cupboard. Radiator.
Living Room - "L" shaped - measured to extremes 21' 7" x 15' 11" (6.58m x 4.86m) Lit by a pair of south facing picture windows with opening casements and sea views. Panel radiators.
Open arch to kitchen. Kitchen - 8' 3" x 7' 11" (2.52m x 2.42m) East facing window with panoramic sea views.
Fitted with a range of matching wall and base cabinets providing a good range of drawer and cupboard space.
Worktops integrating a single drainer stainless steel sink unit with recess plumbed for automatic washing machine and plumbed in water softener.
Bedroom One - 12' 6" x 10' 2" max (3.82m x 3.09m) A range of fitted cupboard/drawer bedroom furniture. Panel radiator.
Window looking over communal gardens Bedroom Two - 12' 6" x 7' 2" (3.81m x 2.17m) Fitted bedroom furniture. Panel radiator.
Bathroom - A suite of panelled bath with mixer tap and shower fitting, shower rail and curtain, pedestal washbasin and low suite W.C. Panel radiator. Shavers light.
Worcester 24i gas fired combination boiler in cupboard. Store Cupboard - There is a large store cupboard on the communal landing immediately to the side of the front door into the flat.
Garage - A single garage located to the front of the Aldeburgh Lodge building on a level with the coast road and with a large gravelled forecourt. Up-and-over door. Electric power points.
Electric light.
Services - Mains Gas, Water, Electricity & Sewage Tenure - Leasehold for the remainder of a 999 year lease which commenced in 1980 (or thereabouts) subject to an annual ground rent & service charge
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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