Summary - Sunreef, The Reservoir PE11 4DJ
3 bed 1 bath Bungalow
Large garden project with strong rental or holiday-let potential.
- Waterside location on Surfleet Reservoir, detached chalet
Set directly by Surfleet Reservoir, this detached three-bedroom chalet offers immediate potential for an investor or buyer seeking a waterside project. The generous side and rear gardens give scope for landscaping or a private outdoor retreat, while the single-storey layout suits a seasonal let or downsize conversion.
The property requires comprehensive refurbishment throughout: expect full modernisation, likely heating upgrade from oil, possible insulation work (cavity walls currently assumed uninsulated) and cosmetic renewal. There is double glazing fitted after 2002, but overall condition is dated and will need substantial time and budget to bring to modern standards.
Buyers should note practical constraints: the site is within a high flood risk area and broadband speeds are very slow. The sale will be via online auction with immediate exchange options; fees, a 5% non-refundable deposit on exchange and a reservation fee may apply. Cash purchasers are preferred and the property is offered chain free on freehold terms.
For the right purchaser this is a clear value-add opportunity — a waterside location, large plot and detached build give flexibility for a holiday let, rental investment or a sympathetic restoration to create a tranquil private home. Factor in flood mitigation costs and upgrade requirements when assessing potential returns.
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