3-bedroom house · IP18 6JF
To rentListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A characterful cottage situated in the heart of the popular town of Southwold. You are welcomed into September Cottage via the comfortable sitting room with a feature fireplace and storage cupboards.
Leading through to the rear is a generous dining room with built in storage and door to a paved courtyard. The shaker style kitchen leads through to the utility room and shower room.
Stairs rise to the first floor and open into a spacious landing bedroom, a good size double/twin, with built in wardrobe which leads through into a further double bedroom with en-suite bathroom and a built in wardrobe.
A further stairway accessed from the landing bedroom leads to the third double bedroom, currently set out as a twin room.
The cottage boasts a courtyard garden to the rear with external access via a passageway.
September Cottage is a well presented cottage with many lovely features and is currently a holiday let in the heart of Southwold and would make an ideal home.
A picturesque and thriving market town, often described as the 'Best Seaside Town', Southwold is dotted with independent boutiques and shops, a thriving independent cinema and an excellent variety of restaurants and cafes.
The town hosts annual festivals and there are a number of clubs and facilities catering for sporting interests.
There are several highly-rated state and private schools in the area catering for all ages. Terms Of Letting - 1. A rent of £1095 per calendar month will be payable in advance by standing order. 2.
Council tax - tenant responsible for charge 3. Services - tenant responsible for charges. Water, electricity, drainage (mains / private), gas where connected. 4. Deposit of £1263 is required.
If held by Durrants it will be held under the Government approved scheme run by The Dispute Service – full details available from Durrants or interest is paid on this amount. 5.
If the deposit is held by the landlord Durrants will provide the name of the Government approved scheme the landlord is registered with. 6. The landlord will not consider applicants who are smokers.
7. Where Durrants manage a property they will make quarterly inspections. 8.
Durrants will prepare the Assured Shorthold Tenancy Permitted fees which may be applicable: Holding Deposit – One weeks rent, this is to reserve a property, if the tenant withdraws or fails a right to rent check the holding deposit with be forfeited Security Deposit – Five weeks rent (rent up to £50,000 per year) Six Weeks rent (rent over £50,000 per year) Unpaid rent – Interest at 0.75% above Bank of England Base Rate.
This will not be levied until the rent is more than 14 days in arrears Lost Keys – tenant will be liable to actual cost of replacing keys/lock or security device and cost of locksmith Variation of contract - (tenant request) - £50 (incl vat) per agreed variation Change of Sharer – (Tenant request) - £50 (incl vat) To cover costs Early Termination – Should the tenant wish to leave early they will be liable to the Landlord's cost of re-letting as well as rent due under the tenancy until the start date of a replacement.
PLEASE NOTE BY SIGNING A TENANCY AGREEMENT YOU ARE ENTERING INTO A LEGALLY BINDING CONTRACT.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Victoria Street, Southwold, Suffolk
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