3-bedroom house · IP18 6TW
For saleListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned within the well-regarded Oaklands retirement development, this spacious three-bedroom chalet offers an appealing combination of generous accommodation, outdoor space and a convenient coastal village setting.
Designed for those aged over 55, the development provides a relaxed environment within easy reach of the amenities and attractions of Southwold.
The property opens into a useful entrance porch, providing a practical area for coats, shoes and everyday storage.
From here, a particularly spacious hallway creates a welcoming sense of arrival and provides access to the ground-floor accommodation.
There are three bedrooms on this level, all offering excellent flexibility, with the principal bedroom benefiting from its own en-suite shower room.
A family bathroom and additional storage complete the ground floor. Upstairs, the accommodation becomes particularly well suited to entertaining and relaxing.
The kitchen is generously proportioned and benefits from dormer windows, allowing natural light to fill the space.
The adjoining sitting room is equally impressive in scale, with double doors opening onto a private roof terrace.
This provides a wonderful spot for morning coffee or an evening drink during the warmer months, while offering an additional dimension to the living space. A cloakroom completes the first floor.
Outside, residents can enjoy the beautifully maintained communal gardens, while the property also benefits from its own garage, additional parking and a shared driveway.
There is also a useful bin store.
Reydon is a highly regarded coastal village adjoining Southwold, making this an excellent choice for those seeking a quieter village lifestyle while remaining close to the coast.
Local amenities include shops, a public house and medical centre, while Southwold provides a broader selection of independent shops, cafés, restaurants and leisure facilities, together with its famous seafront, beach and promenade.
Tenure & Charges The property is leasehold, with a 190-year lease granted in 2002. The current service charge is approximately £2,243 per annum and the ground rent is approximately £370 per annum.
Restricted to owners over 55. No holiday letting.
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 Covert Road, Reydon, Southwold, Suffolk, IP18
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