3 Bed Terraced House, Refurb/BRRR, Felixstowe, IP11 2BG, £200,000

40 Russell Road, Felixstowe, Suffolk, IP11 2BG - 53 views - a year ago

Refurb/BRRR
131 m²
+8 photos

ValuationUndervalued

Sold Prices£165K - £670K
Sold Prices/m²£1.5K/m² - £8.4K/m²

 

 

Square Metres

131.16 m²
Price/m²£1.5K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£362,180

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£61,289

Bridging Loan Interest

£5,250

Total Cash In

£125,489

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£362,180

Agent Fees (1%)

£3,622

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£83,069

Local Sold Prices

50 sold prices from £165K to £670K, average is £299.8K. £1.5K/m² to £8.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£202.5K10/210.01 mi36, Russell Road, Felixstowe, Suffolk IP11 2BG3
£232.5K12/200.01 mi42, Russell Road, Felixstowe, Suffolk IP11 2BG3
£215K07/210.04 mi31, Holland Road, Felixstowe, Suffolk IP11 2AZ3
£395K09/210.13 mi6, Arwela Road, Felixstowe, Suffolk IP11 2DG3
£387.5K05/210.13 mi8, Arwela Road, Felixstowe, Suffolk IP11 2DG3
£262.5K01/210.13 mi18, Arwela Road, Felixstowe, Suffolk IP11 2DG3
£263K06/210.17 mi3, Marina Gardens, Felixstowe, Suffolk IP11 2HW3
£280K01/210.19 mi3, Riby Road, Felixstowe, Suffolk IP11 7QB3
£320K02/210.2 mi17, Manwick Road, Felixstowe, Suffolk IP11 2DQ3
£305K11/200.22 mi6, St Edmunds Road, Felixstowe, Suffolk IP11 2DJ3
£297K06/210.22 mi12, St Edmunds Road, Felixstowe, Suffolk IP11 2DJ3
£323K06/230.24 mi9, Waveney Road, Felixstowe, Suffolk IP11 2NT3
£670K05/230.25 mi13, South Hill, Felixstowe, Suffolk IP11 2AA3
£347.5K03/230.27 mi60, Orwell Road, Felixstowe, Suffolk IP11 7PY3
£240K02/210.28 mi67, Elizabeth Way, Felixstowe, Suffolk IP11 2PQ3
£255.5K10/220.29 mi31, Butley Road, Felixstowe, Suffolk IP11 2NY3
£275K12/210.3 mi12, Deben Way, Felixstowe, Suffolk IP11 2NS3
£340K09/210.31 mi49, Garrison Lane, Felixstowe, Suffolk IP11 7RR3
£335K02/210.31 mi17, Chaucer Road, Felixstowe, Suffolk IP11 7RS3
£305K10/200.31 mi27, Chaucer Road, Felixstowe, Suffolk IP11 7RS3
£460K12/220.31 mi57, Garrison Lane, Felixstowe, Suffolk IP11 7RR3
£232K09/210.36 mi1, Stour Avenue, Felixstowe, Suffolk IP11 2NP3
£165K02/210.36 mi5, Beach Station Road, Felixstowe, Suffolk IP11 2DR3
£385K05/210.36 miGrange View, Tower Road, Felixstowe, Suffolk IP11 7PR3
£330K05/210.38 mi37, Mill Lane, Felixstowe, Suffolk IP11 7RT3
£178K01/210.4 mi3, Tacon Road, Felixstowe, Suffolk IP11 2DT3
£232.5K12/200.4 mi111, Coronation Drive, Felixstowe, Suffolk IP11 2PB3
£260K08/210.44 mi47, Dovedale, Felixstowe, Suffolk IP11 2PL3
£287K03/230.44 mi43, Dovedale, Felixstowe, Suffolk IP11 2PL3
£260K03/230.45 mi78, Queens Road, Felixstowe, Suffolk IP11 7PE3
£315K01/230.46 mi18, Orford Road, Felixstowe, Suffolk IP11 2DY3
£385K05/210.48 mi89, Mill Lane, Felixstowe, Suffolk IP11 2LN3
£302.5K04/210.49 mi21, Herman De Stern Walk, Felixstowe, Suffolk IP11 2GA3
£250K06/210.49 mi1, Newbourne Gardens, Felixstowe, Suffolk IP11 2PW3
£220K05/210.49 mi114, Mill Lane, Felixstowe, Suffolk IP11 2LL3
£360K06/210.51 mi11, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£385K02/210.51 mi24, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£385K11/200.51 mi14, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£450K08/210.51 mi22, Princes Gardens, Felixstowe, Suffolk IP11 7RH3
£222K04/230.52 mi147, Coronation Drive, Felixstowe, Suffolk IP11 2PD3
£233K06/210.52 mi25, Vicarage Road, Felixstowe, Suffolk IP11 2LR3
£265K07/230.52 mi7, Vicarage Road, Felixstowe, Suffolk IP11 2LR3
£250K05/230.54 mi207, Grange Road, Felixstowe, Suffolk IP11 2QB3
£315K06/230.54 mi155, Grange Road, Felixstowe, Suffolk IP11 2PZ3
£255K10/200.56 mi1, Highfield Road, Felixstowe, Suffolk IP11 7BZ3
£247.5K03/210.56 mi5, Highfield Road, Felixstowe, Suffolk IP11 7BZ3
£650K04/230.58 mi2, Hamilton Gardens, Felixstowe, Suffolk IP11 7ES3
£370K06/210.6 mi22, Cloncurry Gardens, Felixstowe, Suffolk IP11 2QY3
£399.9K08/210.6 mi109, Garrison Lane, Felixstowe, Suffolk IP11 7RE3
£335K11/200.6 mi4, Leopold Road, Felixstowe, Suffolk IP11 7NN3

Local Rents

25 rents from £850/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,19504/240.04 miHolland Road, Felixstowe3
£95012/240.06 mi-3
£2,70011/230.11 mi-3
£1,10005/240.34 miKingsfleet Road, Felixstowe3
£1,00004/240.37 mi-3
£1,20004/240.44 miOrford Road, Felixstowe3
£1,15012/230.45 mi-3
£1,35004/240.53 miTollemache Walk, Felixstowe3
£1,02004/240.64 miLanger Road, Felixstowe, Suffolk, IP113
£1,15004/240.67 miFerry Lane, Felixstowe, IP113
£1,25003/240.68 miWesel Avenue, Felixstowe3
£1,10002/250.74 mi-3
£1,27504/240.76 miChester Road, Felixstowe3
£1,00005/240.82 miGainsborough Road, Felixstowe3
£1,05005/240.83 miHigh Road West, Felixstowe, IP113
£1,10004/240.89 miGraham Road, Felixstowe3
£1,20004/240.97 miQueen Street, Walton3
£1,05005/241.02 miMaidstone Road, FELIXSTOWE3
£1,00006/241.02 miMaidstone Road, Felixstowe3
£99504/241.04 miReedland Way, Felixstowe, Suffolk, IP113
£85005/241.05 miAngel Cottage, Felixstowe3
£85005/241.05 miAngel Cottage, Felixstowe3
£1,29504/241.16 miCollett Road3
£1,45004/241.18 miWalton Hall Drive, Trimley IP113
£1,30005/241.18 miBigod Terrace, Felixstowe, IP113

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £200,000

January 31, 2024

Sold for £66,000

2002

Floor Plans

Description

  • THREE DOUBLE BEDROOMS +
  • 1238 SQ FEET OF ACCOMMODATION +
  • STONE THROW FROM SEA FRONT +
  • 24' LONG LIVING ROOM +
  • DINING ROOM +
  • REQUIRES MODERNISATION TO MAKE YOUR OWN +
  • FIRST FLOOR BATHROOM +
  • LOW MAINTENANCE REAR GARDEN +

Located within a stone throw to the sea front, Leaders are delighted to offer this spacious Three Bedroom terraced home, in need of modernsation throughout, this is a fantastic opportunity to make a house a home.

The property boasts ample living space with the main reception room being over 24' long and a good sized square kitchen. All three bedrooms are doubles, with the bathroom also being a good size and a seperate WC.

There are a number of local amenities, including Lidl, 24 hour Morrisons Daily, doctors and dentist, and Felixstowe Railway line is just over a mile from the property.

Council Tax Band: B

Agent Details

Leaders Sales, Felixstowe

01394 331150

Next Steps?

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