42 Low Street, Oakley, Diss, Suffolk

Description

Grade II Listed Detached Cottage on Approx. 0.43 Acres (STMS) with Outbuildings. A rare opportunity to acquire a Grade II listed detached cottage occupying a generous plot of approximately 0.43 acres (STMS), together with a range of useful outbuildings and offering significant scope for renovation and enhancement. Believed to have originally comprised two cottages, the property has remained in the same family for almost a century and now presents an excellent opportunity for buyers seeking a restoration project with considerable future potential.

Accommodation

Ground floor: side entrance door into utility area, kitchen, three reception rooms, study, ground floor bath/shower room and separate cloakroom. First floor: two interconnecting bedrooms and a further bedroom accessed via two staircases.

Location

The rear gardens enjoy views over adjoining farmland. The property stands alongside the street. What3Words location: ///approvals.kiosk.plea.

Tenure / Property Information

Investment Analysis

Sold evidence on Low Street ranges from £210,000 to £625,000, including a £300,000 detached sale in September 2025. The comparables lack size, condition and specification details, so an indicative GDV range of £300,000–£500,000 is used, with £400,000 as a cautious base scenario. This is not a formal valuation and the Grade II listing, renovation scope and outbuildings require verification.

Investment Snapshot

Strategy Recommendation

Proceed only to detailed listed-building, structural, planning and legal-pack due diligence. Do not set a bid ceiling until a professional refurbishment budget and resale valuation are obtained.

Works Required

Restoration and enhancement works are indicated, with EPC improvement potentially required. The exact scope, listed-building restrictions, structural condition and outbuilding requirements must be established from inspection and the legal/planning information before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £200,000 guide, the known buyer premium and admin charge add £1,800, before disbursements and refurbishment. A 75% refinance of the indicative £400,000 base GDV would be £300,000, but the required works, valuation outcome and finance costs are unknown, so cash left in cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Renovation requirements and Grade II listing constraints also make operating costs and letting readiness uncertain.

Flip Analysis

A potential resale margin exists against the indicative £300,000–£500,000 GDV range, but refurbishment costs, selling costs and the final achievable value are unsupported. Flip surplus cannot therefore be calculated reliably.

Investor Risks & Due Diligence

• Grade II listing may restrict alterations and increase project complexity.

• The property is described as requiring significant renovation, but no condition survey or works schedule is supplied.

• EPC rating F may require improvement, subject to applicable exemptions and listed-building constraints.

• Outbuilding condition, status and future usability are not evidenced.

• Unknown legal-pack disbursements and other purchaser costs may be payable.

• Comparable sales differ in property type, condition, size and specification, limiting valuation certainty.

Recommendation

Proceed only to detailed listed-building, structural, planning and legal-pack due diligence. Do not set a bid ceiling until a professional refurbishment budget and resale valuation are obtained.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sales evidence and a clear guide price, but no property-specific valuation detail, rental evidence, condition survey, refurbishment budget or disbursement schedule.