2 Bed Flat, Single Let, Felixstowe, IP11 7JB, £230,000

Cobbold Road, Felixstowe, IP11 7JB - a year ago

Sold STC

BTL

~68 m²

+3 photos

ValuationOvervalued

Sold Prices	£86K - £420K
Sold Prices/m²	£1.9K/m² - £4K/m²

Square Metres	~68.11 m²
Price/m²	£3.4K/m²
Value Estimate	£183,610£183,610

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£8,100£8,100
Total Cash In	£65,600£65,600

Cash Out
Rent Range	£675 - £1,400£675 - £1,400
Rent Estimate	£868
Running Costs/mo	£912£912
Cashflow/mo	£-44£-44
Cashflow/yr	£-532£-532
Gross Yield	5%5%

Local Sold Prices

20 sold prices from £86K to £420K, average is £180.8K. £1.9K/m² to £4K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£335K	11/21	0.29 mi	9a, High Beach, Felixstowe, Suffolk IP11 7LE	£2,839	118	2	Flat
£155K	12/20	0.33 mi	Flat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY	£2,407	64	2	Flat
£280K	03/21	0.35 mi	52, Tomline Road, Felixstowe, Suffolk IP11 7PA	£2,642	106	2	Flat
£315K	12/20	0.36 mi	Flat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£280K	11/20	0.36 mi	Flat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£285K	10/20	0.36 mi	Flat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£230K	01/23	0.43 mi	16, St Johns Court, Felixstowe, Suffolk IP11 7SG	£3,594	64	2	Flat
£174K	03/23	0.49 mi	11, Tower Road, Felixstowe, Suffolk IP11 7PR	£3,955	44	2	Flat
£165K	12/21	0.49 mi	67, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,750	60	2	Flat
£187.5K	05/21	0.49 mi	45, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,604	72	2	Flat
£190K	01/23	0.49 mi	40, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,969	64	2	Flat
£142.5K	12/22	0.52 mi	73a, High Road West, Felixstowe, Suffolk IP11 9AA	£1,851	77	2	Flat
£420K	06/21	0.6 mi	Apartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£400K	11/20	0.6 mi	Apartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£135K	11/22	0.77 mi	7a, Langer Road, Felixstowe, Suffolk IP11 2BT	£2,100	64	2	Flat
£159K	11/22	0.84 mi	Flat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH	-	-	2	Flat
£115K	01/23	1.1 mi	Flat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR	-	-	2	Flat
£86K	03/21	1.2 mi	Flat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£110K	10/22	1.2 mi	Flat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£120K	05/23	1.2 mi	Flat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat

Local Rents

18 rents from £675/mo to £1.4K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£1,025	05/24	0.01 mi	Constable Road, Felixstowe	2	Detached House
£675	04/25	0.06 mi	-	2	Flat
£900	05/24	0.08 mi	Cobbold Road, Felixstowe	2	Flat
£975	05/24	0.08 mi	Cobbold Road, Felixstowe	2	Flat
£900	10/24	0.09 mi	-	2	Flat
£900	06/24	0.12 mi	Ranelagh Court, Felixstowe	2	Flat
£950	04/25	0.15 mi	-	2	Flat
£950	04/24	0.29 mi	High Beach, Felixstowe	2	Flat
£1,350	06/24	0.33 mi	Quarndon House, Leopold Road	2	Flat
£815	04/24	0.34 mi	-	2	Flat
£1,400	04/24	0.36 mi	Beach Place, Felixstowe	2	Flat
£1,200	05/24	0.37 mi	High Road East, Felixstowe	2	Flat
£800	05/24	0.43 mi	Queens Road, Felixstowe	2	Flat
£950	10/24	0.48 mi	-	2	Flat
£875	05/24	0.48 mi	Wolsey Gardens, Felixstowe	2	Flat
£900	05/24	0.49 mi	Tower Road, Felixstowe	2	Flat
£900	06/24	0.49 mi	Tower Road, Felixstowe	2	Flat
£895	05/24	0.51 mi	Wolsey Gardens, Felixstowe, Suffolk, IP11	2	Flat

Local Area Statistics

Population in IP11	29,29029,290
Population in Felixstowe	29,29429,294
Town centre distance	0.39 miles away0.39 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.36 miles away0.36 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	0%0%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Price changed to £230,000

September 25, 2024

Listed for £250,000

October 19, 2023

Floor Plans

Description

Town Centre Location +
Ground Floor Flat +
Two Bedrooms +
Private Garden & Parking +
No Onward Chain +

A light, bright and spacious two bedroom ground floor apartment with high ceilings throughout, located within walking distance of the town centre and sea front, with an enclosed garden area and off road parking. The accommodation comprises, lounge with bay fronted window, kitchen, inner hall leading to the master bedroom, shower room and bedroom two. Outside the property benefits an enclosed private garden area and an allocated off road parking space, the property further benefits a storage area in the basement and gas fired central heating via radiator. No onward chain.

Agent Details

Nicholas Estates, Felixstowe

01394 331588

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationOvervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

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