3-bedroom house · IP23 7AZ
To rentListed 55 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bakery Cottage is a charming Grade II listed property, tucked away in a peaceful and private location right in the heart of Eye.
Directions: What3words///tile.honesty.carbonate Bakery Cottage is a charming Grade II listed property, tucked away in a peaceful and private location right in the heart of Eye.
A true hidden gem, this beautifully preserved cottage is steeped in character, with features such as exposed beams and traditional architecture that reflect its historical charm.
The cottage offers three well-proportioned bedrooms, making it ideal for those seeking a characterful home in a desirable market town.
Externally, the property benefits from a private driveway - a rare find for a cottage in such a central location - as well as a patio area to the front, perfect for enjoying a quiet morning coffee or some afternoon sun.
Despite its tucked-away setting, the cottage is just a short stroll from the shops, cafés, and amenities of Eye’s vibrant town centre, offering both tranquillity and convenience.
Services: The property is connected to mains electricity, water, and drainage, and features electric heating throughout.
Terms of the Tenancy: The property will be let on an Assured Shorthold Tenancy for an initial fixed term of six months with the scope to extend after this period.
Rent: The rent, exclusive of all outgoings and Council Tax will be £1,350 per calendar month, payable monthly in advance by standing order.
All further outgoings will be the responsibility of the Tenant.
Condition: Unless stated in writing by the landlord/letting agent applicants should assume the property will be let in the condition it is in at the time it was viewed.
Applications: Applicants, once accepted in principle by the Landlord must pay a Holding Deposit of 1 week’s rent £311 and complete an online application and undergo a full reference and credit check.
The Holding Deposit is refundable if: 1. The landlord accepts your application for the tenancy, in which case this will be carried forward towards the Tenancy Deposit and registered with TDS. 2.
The Landlord decides not to let the property. 3. An agreement to rent the property is not reached before the ‘deadline to reach agreement’ and the tenant is not at fault.
The Holding Deposit will not be returned and will be retained by the letting agent and/or landlord if: 1. You decide not to proceed with the tenancy. 2.
You provide false or misleading information which reasonably affects the Landlord’s decision to rent to you. 3. You fail a Right to Rent check. 4.
Or fail to take all reasonable steps to enter into an agreement (i.e. Responding to reasonable requests for information required to progress the agreement) when the landlord and/or agent has done so.
The ‘deadline for agreement’ for both parties is usually 15 days after a holding deposit has been received by a landlord or agent (unless otherwise agreed in writing).
Once you apply for a tenancy and pay a Holding Deposit you will be referenced.
This process will include (but not be limited to) a check on your credit history, employment/income sources and current landlord. You will be sent a link by a reference provider.
Please follow the link and provide the requested information.
Once the reference report is complete this will be provided to the Landlord, and when we have their approval we will contact you to confirm a start date.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Bakery Cottage, Buckshorn Lane, Eye
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