# 3 bedroom apartment for sale (IP18 6LQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 42 STRADBROKE ROAD, SOUTHWOLD, SUFFOLK IP18 6LQ |
| Price | £349,500 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Last sold | £335,000 Apr 2018 |

## Description

**THE** **PROPERTY** **** Driftwood is a delightful first and second floor apartment in a good location. The apartment has been very well cared for by the current owners and consequently it is in extremely good order throughout. The accommodation comprises a communal entrance hall, landing, sitting room, study/bedroom 3; kitchen with dining area, separate wc and bathroom. There are two double bedrooms to the second floor and a paved courtyard garden to the rear.

Main benefits include light and airy accommodation, double glazing to most windows, gas fired central heating and a small courtyard garden.

The apartment is currently used as a successful holiday letting property with an annual gross income of £18,000.

To fully appreciate the accommodation offered, early viewing is advised. 

**LOCATION** **** Driftwood is centrally located just a few yards from the seafront and a short stroll from the High Street shops.

The town offers a vast array of leisure facilities and amenities including High Street shops, restaurants, public houses, Churches, library, doctors and dental surgeries, small cottage hospital, pier, golf and sailing clubs. All within easy reach.

The surroundings being part of Suffolk's area of outstanding natural beauty, are renowned for coastal walks and bird watching. 

**ACCOMMODATION** **** A half glazed front entrance door opens to the communal hall with entrance door to the apartment. 

**LANDING** **** With radiator; under stairs storage cupboard; half glazed door that gives access to an external metal staircase leading down to the courtyard; staircase to second floor accommodation; ceiling light point; fitted carpet; door to:- 

**SITTING** **ROOM** ****  

**13ft** **6in** **x** **10ft.** ****  

**4.12m** **x** **3.04m** **** Sash window to front aspect; fireplace with timber surround; cupboard to fireplace alcove; radiator; TV point; telephone point; ceiling light point; fitted carpet. 

**STUDY/BEDROOM** **3** ****  

**10ft** **x** **4ft** **10in.** ****  

**3.04m** **x** **1.49m** **** Sash window to front aspect; radiator; ceiling light point; fitted carpet. 

**KITCHEN/DINER** ****  

**12ft** **x** **9ft** **7in.** ****  

**3.63m** **x** **2.93m** **** Double glazed window to rear aspect; a stainless steel sink with mixer tap; a good range of Shaker style base and wall mounted units; solid oak work surface; built in shelved pantry cupboard; electric range cooker ceramic hob and stainless steel extractor hood over; integrated dishwasher; integrated washing machine/drier; fridge/freezer space; radiator; ceiling light point; vinyl flooring. 

**SEPARATE** **WC** **** Double glazed window to side aspect; ceiling light point; vinyl flooring. 

**BATHROOM** **** Double glazed window to rear aspect; a three piece suite in white comprising a panelled bath with shower over; vanity style wash basin; towel radiator; built in shelved cupboard housing the gas fired combination boiler for central heating and domestic hot water; ceiling light point; vinyl flooring.  

**SECOND** **FLOOR** **** Stairs from the landing lead to the:- 

**SECOND** **FLOOR** **LANDING** **** With loft access hatch; ceiling light; fitted carpet; door to:- 

**BEDROOM** ****  

**Max.** **PSC** **15ft 3in x 14ft 2in**  

**4.66m** **x** **4.33m** **** Two small sash windows to the front aspect; radiator; ceiling light point; fitted carpet. 

**BEDROOM** ****  

**11ft** **4in** **x** **10ft** **2in.** **PSC** ****  

**3.45m** **x** **3.10m** **** Double glazed window to the rear with pleasant views; built in eaves storage cupboard; radiator; ceiling light point; fitted carpet. 

**OUTSIDE** **** To the rear of the property is a small paved courtyard. A gate gives pedestrian access along a path to Salisbury Road.  

## Property Photos

- ![Photo](/listings/photos/63461861/637406)
- ![Photo](/listings/photos/63461861/637407)
- ![Photo](/listings/photos/63461861/637408)
- ![Photo](/listings/photos/63461861/637409)
- ![Photo](/listings/photos/63461861/637410)
- ![Photo](/listings/photos/63461861/637411)
- ![Photo](/listings/photos/63461861/637412)
- ![Photo](/listings/photos/63461861/637413)
- ![Photo](/listings/photos/63461861/637414)
- ![Photo](/listings/photos/63461861/637415)

## Floorplans

- ![Floorplan 1](/listings/photos/63461861/637416) - Floorplan 1

## FENSA Certificates

This property has 3 FENSA certificate(s) on record.

### FENSA Certificate #10594217
- **Address:** 42 Stradbroke Road, SOUTHWOLD, IP18 6LQ
- **Certificate Issued:** 20/10/2014
- **Work Completed:** 07/10/2014
- **Items:** 5 window(s), 1 door(s)

### FENSA Certificate #13970554
- **Address:** 42 Stradbroke Road, SOUTHWOLD, IP18 6LQ
- **Certificate Issued:** 02/02/2020
- **Work Completed:** 31/01/2020
- **Items:** 2 window(s), 1 door(s)

### FENSA Certificate #13995429
- **Address:** 42 Stradbroke Road, SOUTHWOLD, IP18 6LQ
- **Certificate Issued:** 23/02/2020
- **Work Completed:** 11/02/2020
- **Items:** 1 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 42 STRADBROKE ROAD, SOUTHWOLD, WAVENEY, SUFFOLK, IP18 6LQ | £335,000 | 23/04/2018 | Terraced |
| 42 STRADBROKE ROAD, SOUTHWOLD, WAVENEY, SUFFOLK, IP18 6LQ | £285,000 | 09/06/2017 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE CRAIGHURST, 11 - 13 FLAT 7 NORTH PARADE, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6LP | £360,000 | 28/11/2025 | Flat |
| 48B STRADBROKE ROAD, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6LQ | £398,000 | 12/07/2023 | Flat |
| 26 FLAT 2 NORTH PARADE, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6LT | £700,000 | 03/04/2023 | Flat |
| 12A STRADBROKE ROAD, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6LQ | £515,000 | 04/10/2022 | Flat |
| 15A FIELD STILE ROAD, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6LD | £495,000 | 15/07/2022 | Flat |
| THE CRAIGHURST, 11 - 13 FLAT 1 NORTH PARADE, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6LP | £500,000 | 17/12/2021 | Flat |
| 72A HIGH STREET, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6DN | £335,000 | 08/12/2021 | Flat |
| 6 CUMBERLAND CLOSE, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6JR | £502,500 | 30/09/2021 | Flat |
| 70A HIGH STREET, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6DN | £224,000 | 30/09/2021 | Flat |
| 3 TRINITY STREET, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6JH | £580,000 | 30/07/2021 | Flat |
| 72B HIGH STREET, SOUTHWOLD, EAST SUFFOLK, SUFFOLK, IP18 6DN | £300,000 | 28/06/2021 | Flat |

**Area average:** £446,318 (11 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £420,000 (2 Flat, IP18, 2024–2026)
- **Deviation:** -16.8%

## Rental Range

*ONS Price Index of Private Rents (East Suffolk). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £749/mo
- **Realistic:** £832/mo
- **Optimistic:** £915/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Lowestoft & Great Yarmouth (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £628/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed End Terrace, Victoria Street, IP18 | £3,195/mo | 3 | 0.11 miles | OpenRent |
| 3 Bed End Terrace, Victoria Street, IP18 | £3,195/mo | 3 | 0.11 miles | OpenRent |
| 3 Bed Semi-Detached House, Pier Avenue, IP18 | £1,950/mo | 3 | 0.21 miles | OpenRent |
| 3 Bed Bungalow, Nightingale Avenue, IP18 | £1,600/mo | 3 | 0.92 miles | OpenRent |

**Average rent: £2,485/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.74% (weak for cashflow)
- **Max investor price (0.8%):** £321,625
- **Target investor price (1%):** £257,300

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £2,573/mo).*

- **Gross yield:** 8.8%
- **Cost-to-rent:** 11.3×
- **Monthly cashflow:** £914/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.8%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **10y growth:** 6.3%

## House Price Index (HM Land Registry)

*Official index for East Suffolk; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -4.4%
- **5y growth (index):** -0.2%
- **10y growth (index):** 12.6%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)