3-bedroom terraced house · IP23 7BD
Listing removedListed 403 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A number of surprises lie behind the door of this end of terrace cottage not least its size and depth along with a very usable barn providing studio/workshop/annex space.
3 bedrooms combine with 2 reception rooms and good ancillary space.
23 Church Street forms one end of a short terrace of red brick fronted cottages separated by a set of carriage gates through which all four properties have a pedestrian Right of Way to their respective rear access.
As No. 23 is on the the end there is no need for others to access it, or to disturb its privacy.
This particular cottage like Dr Who's expanding phone box has the many attributes of a larger property being two abutted buildings now forming the whole.
Consequently, behind the front door one is greeted by a good size entrance area with wide tall stairwell before heading through to two very comfortable sized reception rooms.
It is also worth noting that unlike the other cottages and houses along the street, this property does not have a reception room alongside the pavement.
The clever creation of the hallway and stairs set the reception space back from the street and this creates a noticeable sense of peace and calm.
As can be seen from the floorplan, the staggered layout allows the reception room window to provide a long view to the barn at the very rear. The dining room beyond links in with the kitchen.
Upstairs, the long landing serves three bedrooms and bathroom.
The delightful courtyard garden, walled along one side and bordered by the cottage and barn, is a lovely backdrop to the main accommodation.
This versatile barn clearly a huge bonus provides workshop space, storage along with a converted first floor. A downstairs wc is the finishing touch.
It has been an office, a children's safe sleepover space and currently a peaceful haven.
Location No.23 Church Street forms part of a red brick terrace of cottages, within the Conservation Area of the town.
Within walking distance of the town centre facilities, the property is ideally set for those seeking a convenient location ideal for not only access to the shops, schools, but also open countryside and the surrounding network of rural footpaths.
Eye is extremely well served by day to day amenities and shops and is renowned for the varied cultural activities that take place throughout the year, not least theatre productions, classical music concerts and the weekend long celebration of the Town gardens.
In addition to the excellent food shops and services, friendly Eye is also renowned for shops specialising in books, art, antiques and objet d'art.
The surrounding countryside is accessible via an excellent network of public footpaths ideal for the Rambler and the wider area of interesting villages, towns and the Coast only a 45 minute drive away.
Direction Church Street extends from the Church to the Town Hall. No.23 is easily found mid way along, on the left when approached from the Town Hall end.
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.
Area
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FAQ
About 23, Church Street, Eye, Suffolk, IP23
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