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

Holland Road, Felixstowe, IP11 2BA - 34 views - a year ago

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

ValuationUndervalued

Sold Prices£200K - £830K
Sold Prices/m²£1.9K/m² - £4.1K/m²

 

 

Square Metres

~217 m²
Price/m²£1.3K/m²

Value Estimate

£356,250
BMV25%

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

£20,045

ROI

24%

Gross Yield

18%

Local Sold Prices

40 sold prices from £200K to £830K, average is £341.3K. £1.9K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£230K05/230.07 mi5, Manning Road, Felixstowe, Suffolk IP11 2AS4
£400K08/210.11 mi4, Buregate Road, Felixstowe, Suffolk IP11 2DE4
£200K02/210.12 mi35, Langer Road, Felixstowe, Suffolk IP11 2BN4
£295K09/210.16 mi2, Lincoln Terrace, Felixstowe, Suffolk IP11 7QA4
£342.5K06/210.32 mi37, Garrison Lane, Felixstowe, Suffolk IP11 7RR4
£262.5K03/230.39 mi19, Beach Station Road, Felixstowe, Suffolk IP11 2DR4
£460K05/230.47 mi94, Garrison Lane, Felixstowe, Suffolk IP11 7RQ4
£350K11/200.47 mi4, Goyfield Avenue, Felixstowe, Suffolk IP11 7RX4
£336K10/200.48 mi3, Orford Road, Felixstowe, Suffolk IP11 2DY4
£416K12/200.51 mi32, Princes Road, Felixstowe, Suffolk IP11 7QZ4
£330K11/200.52 mi17, Newry Avenue, Felixstowe, Suffolk IP11 7RZ4
£225K01/230.61 mi37, Ranelagh Road, Felixstowe, Suffolk IP11 7HA4
£430K06/210.62 mi106, Garrison Lane, Felixstowe, Suffolk IP11 7RB4
£447.5K12/220.64 mi49, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£350K03/210.64 mi83, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£353K12/200.64 mi93, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£460K12/220.64 mi87, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£345K03/210.68 mi30, Cobbold Road, Felixstowe, Suffolk IP11 7HZ4
£399K03/230.69 mi41, Glemsford Close, Felixstowe, Suffolk IP11 2UQ4
£370K06/230.69 mi47, Glemsford Close, Felixstowe, Suffolk IP11 2UQ4
£450K05/230.69 miAmberness, 1, Lawn Way, Felixstowe, Suffolk IP11 7TG4
£325K01/230.74 mi13, Manor Terrace, Felixstowe, Suffolk IP11 2EN4
£230K11/200.74 mi15, Manor Terrace, Felixstowe, Suffolk IP11 2EN4
£230K11/200.74 mi15, Manor Terrace, Felixstowe, Suffolk IP11 2EN4
£300K08/210.75 mi158, Chelsworth Road, Felixstowe, Suffolk IP11 2UJ4
£360K09/210.75 mi88, Chelsworth Road, Felixstowe, Suffolk IP11 2UJ4
£285K11/200.76 mi1, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£305K11/200.76 mi21, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£258K04/210.76 mi18, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£257.5K05/210.82 mi132, High Road West, Felixstowe, Suffolk IP11 9AL4
£310K12/200.83 mi1, Hall Pond Way, Felixstowe, Suffolk IP11 2JP4
£830K01/230.84 miCambroun, 1, Candlet Grove, Felixstowe, Suffolk IP11 9HZ4
£340K07/230.84 mi1, Ickworth Court, Felixstowe, Suffolk IP11 2XL4
£345K11/220.84 mi70, Constable Road, Felixstowe, Suffolk IP11 7HN4
£365K08/210.85 mi30, High Road West, Felixstowe, Suffolk IP11 9JB4
£300K07/210.86 mi36, Quilter Road, Felixstowe, Suffolk IP11 7JJ4
£390K03/230.86 mi49, Seaton Road, Felixstowe, Suffolk IP11 9BS4
£290K01/210.87 mi1, Brandon Road, Felixstowe, Suffolk IP11 2XS4
£375K12/200.93 mi54, Quilter Road, Felixstowe, Suffolk IP11 7JL4
£295K06/210.96 mi16, Cage Lane, Felixstowe, Suffolk IP11 9BH4

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

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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