5-bedroom house · IP23 8DR
Listing removedReduced £45k (−8.7%) on 7 JulListed 517 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Return to Glory.
A rare, unique and exciting opportunity, this property offers enormous potential, in a much sought after and wonderful location, this early Victorian mansion has survived with its original features and layout intact.
Sure, there’s plenty needs doing here, but the potential is off the scale for this magnificent four-bedroom residence which has been in the same family since 1969.
Historically, the grounds were once known locally as Mellis Park and there were regular village fetes held in it’s generous grounds, especially in the Paddock at the rear of the property, with fairy lights strung up between the trees along the central avenue of the orchards.
Evidently built for someone of stature, the property now needs an undaunted enthusiast to show it some love and restore its dignity.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
FAQ
About Mellis Lodge, Thrandeston Road, Eye
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