2-bedroom house · IP7 7NS
Listing removedListed 615 days
Opportunity summary
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About
This is A discounted market sale (dms) property. Only persons meeting the ‘eligibility criteria’ will be considered for viewings. Please see the criteria below.
Eligibility Criteria: (i) currently has their only or principal home in the district of Babergh and has lived there for at least two (2) years, or (ii) has a member of their household who has a parent, adult child, brother or sister whose only or principal home has been in the district of Babergh and has been for at least two (2) years, or (iii) is employed in the District of Babergh at the date of the purchase and has been continuously so employed for two (2) years or (iv) requires substantial care from a relative who has lived in the district of Babergh for at least the last six (6) months, or (v) needs to provide substantial care to a relative who has lived in the district of Babergh for at least the last six (6) months, or (vi) prior to the date of the property being purchased, were resident in the district of Babergh for either six (6) of the previous twelve (12) months or three (3) of the previous five (5) years And A.
Whose household income does not exceed eighty thousand pounds £80,000 per annum b. Who has no other interest legally or equitably in other property including via trust c.
Who can supply evidence from an Independent Financial Advisor that he/she/they are unable to afford a suitably sized market property in the district of Babergh District d.
Who does not have a deposit for the Discounted Market Housing Unit of more than 65% of the Discounted Market Price in equity/savings/gifted deposit unless otherwise agreed in writing with the District Council Please note, if you do not meet criteria (i) to (vi), we can consider applicants from outside of Babergh.
Property description 10 Northcote Drive is a two-bedroom end-terrace house which forms part of a small development in the rural parish of Monks Eleigh.
A welcoming entrance hall leads into a bright and spacious sitting / dining room which benefits from double glazed doors leading out onto the secluded rear garden.
The kitchen is fitted with a range of base and eye level units and worksurfaces. New appliances include oven and gas hob, washing machine and fridge / freezer.
On the first floor a landing provides access to two double bedrooms, airing cupboard and a family bathroom. Bedroom one benefits from far reaching countryside views.
Outside, the secluded rear garden is mainly laid to lawn with a sun terrace. A side gate provides access to the front of the property, where off-road parking is available for two vehicles.
Location Monks Eleigh is an attractive village set within the Suffolk countryside, with a popular pub and community shop / post office.
The excellent Hollow Trees Farm Shop is nearby with the market towns of Hadleigh and Sudbury both within easy reach. Services We understand mains drainage, water and electricity are connected.
Lpg Gas central heating. Local Authority and Council Tax Band Babergh with Mid Suffolk District Council Tba EPC Rating Current C(76). Potential B(91).
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.
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About 10, Northcote Drive, Monks Eleigh
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