Peasenhall, Suffolk

This Grade II listed cottage presents a significant renovation opportunity, situated in a desirable Suffolk village not far from Framlingham and Saxmundham, which offers direct train access to London. Bridge Cottage is currently in a state of complete disrepair, rendering interior viewings impossible, but it comes with approved planning permissions for modernization and expansion. Additionally, the property includes a separate plot with consent to construct a single-storey bungalow, adding valuable investment potential. The combination of both projects could yield two attractive three-bedroom residences. Given its derelict condition, the buyer should anticipate tackling extensive renovations for the cottage while simultaneously developing the new build. Notably, both properties must be completed in tandem as per the stipulations of a 106 agreement stipulated by the local council. Although there are existing services at the site boundary and shared management company obligations for maintenance, prudent buyers will need to invest considerable effort and resources into restoring this property to its former glory while creating new living space.