7 Bed HMO, Felixstowe, IP11 2BA, £285,000

Holland Road, Felixstowe, IP11 2BA - 32 views - 10 months ago

Sold STC
HMO
ROI: 24%
~217 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Room Rate

£598

Gross Rent

£4,186

Running Costs/mo

£2,516

Cashflow/mo

£1,670

Cashflow/yr

£20,040

ROI

24%

Gross Yield

18%













Property History

Listed for £285,000

May 10, 2024

Floor Plans

Description

  • Sea Front Location +
  • Investment/HMO Potential +
  • Three Storey Town House +
  • Seven Bedrooms +
  • Modernising & Updating Required +

A substantial seven bedroom three storey town house situated within walking distance of the Sea Front and the up and coming Beach Street. The accommodation comprises, entrance hall, lounge/diner, breakfast room, kitchen and downstairs shower room, master bedroom with balcony providing partial sea views, three further bedrooms, shower room and separate W/C. The top floor provides access to three further bedrooms. Outside the property benefits an enclosed courtyard style garden with rear access. The property is offered with no onward chain.

Agent Details

Nicholas Estates, Felixstowe

01394 331588

Next Steps?

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