2 Bed Flat, Single Let, Felixstowe, IP11 7SD, £168,000

Tomline Road, Felixstowe, IP11 7SD - 4 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£183,610
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,000

Stamp Duty & Legal Fees

£6,240

Total Cash In

£48,240

 

 

Cash Out

 

Rent Range

£675 - £1,350

Rent Estimate

£828

Running Costs/mo

£711

Cashflow/mo

£117

Cashflow/yr

£1,409

ROI

3%

Gross Yield

6%

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.

PriceDateDistanceAddressBeds 
£280K03/210.14 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£230K01/230.19 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£155K12/200.19 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£174K03/230.25 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.25 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.25 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.25 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£142.5K12/220.3 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£335K11/210.58 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£135K11/220.58 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£159K11/220.6 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£315K12/200.65 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/200.65 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/200.65 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£420K06/210.88 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/200.88 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£86K03/210.92 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/220.92 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/230.92 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£115K01/230.95 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2

Local Rents

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

RentDateDistanceAddressBeds 
£81504/240.08 mi-2
£90006/240.19 miRanelagh Court, Felixstowe2
£90005/240.22 miCobbold Road, Felixstowe2
£97505/240.22 miCobbold Road, Felixstowe2
£1,35006/240.22 miQuarndon House, Leopold Road2
£90005/240.25 miTower Road, Felixstowe2
£90006/240.25 miTower Road, Felixstowe2
£80005/240.26 miQueens Road, Felixstowe2
£1,02505/240.3 miConstable Road, Felixstowe2
£90009/240.33 mi-2
£67503/250.33 mi-2
£95009/240.33 mi-2
£87505/240.34 miWolsey Gardens, Felixstowe2
£89505/240.37 miWolsey Gardens, Felixstowe, Suffolk, IP112
£1,30010/240.49 mi-2
£85004/240.49 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,20005/240.49 miHigh Road East, Felixstowe2
£87504/240.52 mi-2
£92509/230.52 mi-2
£90003/250.52 mi-2
£1,15009/230.53 mi-2
£1,05005/240.55 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,25005/240.57 miSea Road, Felixstowe2
£95004/240.58 miHigh Beach, Felixstowe2
£95005/240.59 miHigh Street, Felixstowe2
£95006/240.59 miHigh Street, Felixstowe2
£87512/230.59 mi-2
£87505/240.6 miMargaret Street, Felixstowe, IP112

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.12 miles away

Nearest school

0.40 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £168,000

June 5, 2024

Floor Plans

Description

  • GROUND FLOOR FLAT +
  • DOUBLE GLAZING +
  • TWO BEDROOMS +
  • VIEWING HIGHLY ADVISED +
  • GAS CENTRAL HEATING +
  • GARAGE +

Offered for sale with vacant possession, no onward chain, a two bedroom ground floor flat close to the town centre with an attached garage. An ideal first time purchase or buy to let investment.  

ENTRANCE HALL Double glazed entrance door, radiator. 

LOUNGE 14'8" x 10' 10" Double glazed window to the rear, radiator and built in cupboard. 

KITCHEN 9'4"x8'7" Comprising of one and half bowl sink unit with mixer tap and base unit under, work surfaces with base units under, wall mounted cupboards, tiled splash back, pantry cupboard, space for washing machine, wall mounted gas boiler, splash back tilling, double glazed window to rear. 

BEDROOM ONE 11'0"x 9'8" Double glazed window to the side, double glazed window to the front, radiator. 

BEDROOM TWO 9'5" x 10'10" Double glazed window to the front, radiator. 

BATHROOM Suite comprising of panelled bath with mixer tap and shower attachment, pedestal wash basin, low level WC, ladder style radiator, tiled walls.  

ATTACHED GARAGE 16'5"x7'6" Up and over door to the front. Further service door on the side. 

ENERGY PERFORMANCE CERTIFICATE The current EPC rating is C (73) with a potential of C 76) which is valid until 25th February 2030.  

COUNCIL TAX BAND

SERVICE CHARGE AND GROUND RENT The service charge is paid in two annual instalments and each installment is £529.08 and the ground rent is paid in two annual annual instalments of £12.50 per time.  

TENURE Leasehold. The current lease is the remainder of a 999 year lease dating from 1977.

Agent Details

Diamond Mills & Co, Felixstowe

01394 331695

Next Steps?

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