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See how verdicts work3-bedroom property · IP18 6TW
For saleReduced £30k (−11.5%) on 25 OctListed 565 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generously sized three bedroom chalet situated within the popular over 55’s Oaklands retirement development.
You are welcomed Into the property via a convenient entrance porch, an ideal space to store your coats and boots.
Leading on from this is the large hallway, providing access to three double bedrooms, the principle bedroom having ensuite shower room.
The ground floor accommodation is finished with family bathroom and further storage space.
Stairs to first floor landing leading to a spacious kitchen with dormer windows providing a light airy atmosphere and generously sized sitting room with double doors opening up onto roof terrace, ideal for enjoying a glass of wine with friends on a summer's day.
The first floor is completed with a W/C. The property additionally benefits from a bin store, parking including garage & shared driveway and communal garden to be enjoyed by all.
Reydon is a popular village adjacent to the coastal town of Southwold.
Reydon provides multiple shops, a public house and medical centre with Southwold offering a further abundance of local shops, restaurants and coastal attractions.
Tenure - The property is leasehold - a 190 year lease was granted in 2002. Service charge for the current year is approximately £2,243 and ground rent is £370.
Viewings - Strictly by appointment with the agent's Southwold Office. Services - Mains services are connected.
(Durrants has not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order). Local Authority - East Suffolk Council. Council Tax Band is D Epc- C -
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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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
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