2 Bed Flat, Single Let, Felixstowe, IP11 2BD, £180,000

Russell Road, Felixstowe, Suffolk, IP11 2BD - 9 months ago

Leasehold
BTL
~68 m²
+2 photos

ValuationFair Value

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

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£183,610

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£700 - £1,350

Rent Estimate

£708

Running Costs/mo

£724

Cashflow/mo

£-16

Cashflow/yr

£-193

Gross Yield

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.

PriceDateDistanceAddressBeds 
£135K11/220.11 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£115K01/230.37 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2
£174K03/230.37 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.37 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.37 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.37 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£230K01/230.4 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£155K12/200.42 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£280K03/210.44 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£142.5K12/220.81 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£335K11/211 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£159K11/221 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£315K12/201.06 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/201.06 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/201.06 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£86K03/211.07 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/221.07 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/231.07 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£420K06/211.3 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/201.3 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2

Local Rents

20 rents from £700/mo to £1.4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,25005/240.01 miSea Road, Felixstowe2
£1,05005/240.04 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,15009/230.06 mi-2
£85004/240.1 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,30010/240.1 mi-2
£87504/240.13 mi-2
£92509/230.13 mi-2
£90004/250.13 mi-2
£89505/240.23 miWolsey Gardens, Felixstowe, Suffolk, IP112
£87505/240.26 miWolsey Gardens, Felixstowe2
£95010/240.27 mi-2
£80005/240.33 miQueens Road, Felixstowe2
£89506/240.37 miBeach Station Road, Felixstowe2
£89506/240.37 miRussell Court, Felixstowe2
£90005/240.37 miTower Road, Felixstowe2
£90006/240.37 miTower Road, Felixstowe2
£1,35006/240.41 miQuarndon House, Leopold Road2
£81504/240.5 mi-2
£70006/240.59 miMill Lane, Felixstowe2
£95004/250.6 mi-2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.65 miles away

Nearest school

0.30 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

Price changed to £180,000

September 27, 2024

Listed for £190,000

July 8, 2024

Floor Plans

Description

  • Easy access to town centre +
  • No onward chain +
  • Duplex apartment +
  • Walking distance to seafront +
  • Generous accomodation +

Available to investors only. Tenant in situ on an Assured Shorthold Tenancy paying £708 per calendar month.

Russell Road is located in a prominent position along the seafront, within easy access to the town centre. The property is offered for sale with no onward chain and viewing is strongly recommended.

Located close to local amenities and walking distance to Felixstowe sea front is this two bedroom duplex apartment.

The entrance to the apartment is accessed via the main communal door with stairs leading to the front door. The front door opens into the hall with doors off to all principle rooms. The apartment offers a generous size dual aspect sitting room with partial sea views. The kitchen comprises a range of base and eye level units, wood effect work tops with an integrated oven, gas hob and extractor fan. There is space for a washing machine and a under counter fridge/freezer.

The apartment has two bedrooms one of which is on the second floor which is currently being used as a dressing room. Completing the accommodation is the bathroom which is fully tiled and has a bath, with shower over, basin and WC.

Location

The property is located in a prime position on Felixstowe seafront offering easy access to the beach and just a short distance from Felixstowe town centre. The town has a wide variety of restaurants, retail and boutique shops, coffee houses and a train station with railway services to London Liverpool Street, Cambridge and Norwich.

Directions

Please use the postcode IP11 2BD, as the point of origin.

Important Information

Council Tax Band - A
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Leasehold
Lease length – 99 years from 1984 – 58 years remaining.
Service charge – Approximately £237 per year
Ground rent – Approximately £50 per year
EPC rating - E
Our ref - CH

Agents Note
The current vendors have agreed to extend the lease during the conveyancing process for the prospective buyer.

Agent Details

Fenn Wright, Felixstowe

01394 331602

Next Steps?

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