2-bedroom bungalow · IP18 6RY
Sold STCListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering an excellent pricing point for the Southwold/Reydon market, this over sixties bungalow is a lovely buy for those looking for a coastal retirement.
The hall entrance is well-proportioned and leads into a generous lounge which has double doors opening over the communal lawn and trees to the rear.
There are two well-proportioned bedrooms both set to the rear with bedroom one offering built-in wardrobes to one wall.
The kitchen is finished with a range of base and eye level units in cream with a built-in oven and ceramic hob with plumbing for a washing machine.
The shower room offers a matched white suite with shower cubicle. The location is ideal, offering a short walk into Southwold, or via a pathway it is only a brisk walk to the beach.
There are passing bus services connecting with the surrounding towns and the city of Norwich which is the perfect day trip shopping destination.
For convenience there are a couple of local shops on the corner of Mount Pleasant and on the corner of Seaview Road with a regular bus running to Soutwold.
Set at an enticing price point for the scope of the accommodation on offer, the property offers fantastic value for money and is offered with no onward chain.
Additional Information - We have been advised that the property has the following services. Mains water, electricity and mains drainage.
99 year lease was granted on 18th September 1996 -69 years left Service charge £1478.44 plus a ground rent
Value & comps
No previous sales on record.
Returns
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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 Lowestoft Road, Reydon, Southwold, Suffolk, IP18
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