What it is: In the hamlet of Silverley's Green, the 18th-century Gothic Cottage has four bedrooms and three reception rooms. Uninhabited for 16 years, the property, which comes with 0.2 acres, is in need of complete renovation. It is a 35-minute drive from Southwold.
The problems: The cottage is derelict, with no kitchen or bathroom, and there is no planning permission in place to expand or redesign it.
The cottage needs about £100,000 of work; the agent estimates that, once renovated, it would sell on for about £250,000 - which means you shouldn't expect an instant profit.
The advantages: It retains attractive features including gothic windows, fireplaces and a Dutch oven. Its easy access to the trendy Suffolk heritage coast could make it a popular holiday let.
Durrants; 01379 852217, durrants.com