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See how verdicts work1-bedroom flat · NR35 1AE
For saleListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Halesworth - 9.1 miles Beccles - 8.1 miles Norwich - 15.4 miles Southwold - 16.9 miles A superb opportunity to acquire this, trading, short stay holiday let situated in the heart of the vibrant market town of Bungay.
An impeccably finished and dressed second floor studio apartment boasting a wealth of character rarely seen in a property of its style yet enjoying all the conveniences of modern day living.
The property takes in a view over Earsham Street to the front with windows to the rear offering a skyline view of the historic Bungay Castle.
The apartment truly offers tranquillity from its elevated position yet is located in the hub of this vibrant and trendy, Market Town.
Inspection by viewing is essential to fully appreciate the character, location and unique opportunity the property offers.
Accommodation comprises briefly: Attractive Communal Reception Hall Sitting/Entertaining Space Kitchen Master Bedroom Shower Room Location This property is located in the heart the town centre of Bungay enjoying views over the historic castle and ever popular Earsham Street, particularly famed for a variety of independant shops and the quarterly street markets.
Bungay offers a good range of all the necessary amenities, schools, independent shops, restaurants and public houses.
The Fisher Theatre (now showing films) and leisure facilities including indoor swimming pool and golf club.
The Cathedral City of Norwich is about 30 mins drive to the North and has a mainline train link to London Liverpool Street (1hr 54mins).
Diss provides another mainline link to London and is 19 miles distance. The unspoilt heritage coastline of Suffolk with the lovely beaches of Southwold and Walberswick are a short distance away.
Fixtures and Fittings All fixtures, fittings and furnishings are available, subject to negotiation to allow for a seamless continuation of the short stay/holiday let business.
Services Shared Gas Heating System Mains Water Mains Drainage Mains Electric Energy Rating: Exempt Local Authority East Suffolk Council Tax Band: A Postcode: NR35 1AE What3Words: ///audibly.droplet.degrading Tenure Vacant possession of the leasehold will be given on completion.
The 999 Year lease was issued on 01/04/2021. £250 per/annum Ground Rent.
Agents Note The property is offered subject to and with the benefit of all rights of way, whether public or private, all way leaves, easements and other rights of way whether specifically mentioned or not.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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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FAQ
About Earsham Street, Bungay
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