2 Bed Terraced House, Refurb/BRRR, Felixstowe, IP11 0UQ, £165,000

7 Addington Road, Trimley St. Mary, IP11 0UQ - 1 views - 8 months ago

Sold STC
Refurb/BRRR
Planning
~68 m²
+8 photos

ValuationFair Value

Sold Prices£123.5K - £345K
Sold Prices/m²£2.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£165,000

 

 

End Value (After Refurb)

£225,396

Uplift in Value

+37%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£31,827

Bridging Loan Interest

£4,331

Total Cash In

£85,309

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£225,396

Agent Fees (1%)

£2,254

Bridging Loan

£123,750

Bridging Loan Interest

£4,331

Flip Profit

£14,084

Local Sold Prices

51 sold prices from £123.5K to £345K, average is £195K. £2.1K/m² to £4.9K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£192.5K08/210.04 mi99, High Road, Trimley St Mary, Felixstowe, Suffolk IP11 0TA2
£291K06/230.15 mi29, Second Avenue, Trimley St Mary, Felixstowe, Suffolk IP11 0UA2
£220K01/210.18 mi25, Chatsworth Crescent, Trimley St Mary, Felixstowe, Suffolk IP11 0TE2
£195K01/210.18 mi45, Chatsworth Crescent, Trimley St Mary, Felixstowe, Suffolk IP11 0TE2
£190K02/210.18 mi37, Chatsworth Crescent, Trimley St Mary, Felixstowe, Suffolk IP11 0TE2
£250K08/230.18 mi37, Chatsworth Crescent, Trimley St Mary, Felixstowe, Suffolk IP11 0TE2
£250K08/230.18 mi37, Chatsworth Crescent, Trimley St Mary, Felixstowe, Suffolk IP11 0TE2
£192.5K01/230.21 mi14, Punchard Way, Trimley St Mary, Felixstowe, Suffolk IP11 0XU2
£252K11/200.22 mi2, Welbeck Close, Trimley St Mary, Felixstowe, Suffolk IP11 0TD2
£230K10/210.24 mi5, The Kempsters, Trimley St Mary, Felixstowe, Suffolk IP11 0XR2
£210K01/210.25 mi120, Faulkeners Way, Trimley St Mary, Felixstowe, Suffolk IP11 0FA2
£185K06/230.26 mi27, St Marys Close, Trimley St Mary, Felixstowe, Suffolk IP11 0TY2
£185K11/200.26 mi46, Dawson Drive, Trimley St Mary, Felixstowe, Suffolk IP11 0YW2
£145K12/220.26 mi54, Dawson Drive, Trimley St Mary, Felixstowe, Suffolk IP11 0YW2
£215K07/210.29 mi10, Sprites End, Trimley St Mary, Felixstowe, Suffolk IP11 0XS2
£212K11/210.3 mi53, The Wheelwrights, Trimley St Mary, Felixstowe, Suffolk IP11 0YR2
£216K08/210.38 mi17, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XN2
£195K03/210.38 mi39, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XN2
£205K09/210.38 mi19, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XN2
£228K01/230.38 mi23, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XN2
£210K05/230.38 mi35, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XN2
£175K11/200.39 mi28, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XW2
£181.5K01/210.39 mi66, The Josselyns, Trimley St Mary, Felixstowe, Suffolk IP11 0XW2
£230K10/220.64 mi18, Runnacles Way, Felixstowe, Suffolk IP11 2FE2
£195K07/210.65 mi3, Rendlesham Road, Felixstowe, Suffolk IP11 2YP2
£160K12/200.65 mi40, Rendlesham Road, Felixstowe, Suffolk IP11 2YP2
£195K07/210.65 mi3, Rendlesham Road, Felixstowe, Suffolk IP11 2YP2
£205K11/200.66 mi24, Winston Close, Felixstowe, Suffolk IP11 2FA2
£205K11/200.66 mi24, Winston Close, Felixstowe, Suffolk IP11 2FA2
£345K11/220.71 mi12, Ascot Drive, Felixstowe, Suffolk IP11 9DW2
£178K06/210.76 mi6, Maidstone Road, Felixstowe, Suffolk IP11 9ED2
£220K06/230.78 mi2, Brightwell Close, Felixstowe, Suffolk IP11 2YJ2
£179K01/210.78 mi75, Maidstone Road, Felixstowe, Suffolk IP11 9EE2
£179K01/210.78 mi75, Maidstone Road, Felixstowe, Suffolk IP11 9EE2
£189K06/210.78 mi89, Maidstone Road, Felixstowe, Suffolk IP11 9EE2
£180K02/210.8 mi49, King Street, Felixstowe, Suffolk IP11 9DX2
£150K08/210.8 mi31, King Street, Felixstowe, Suffolk IP11 9DX2
£161.2K05/210.86 mi66, Blyford Way, Felixstowe, Suffolk IP11 2FW2
£178.5K12/200.86 mi44, Cricket Hill Road, Felixstowe, Suffolk IP11 2LG2
£123.5K02/230.86 mi19, Blyford Way, Felixstowe, Suffolk IP11 2FW2
£240K02/230.87 mi11, Ashground Close, Trimley St Martin, Felixstowe, Suffolk IP11 0YA2
£152.5K04/210.87 mi151, Maidstone Road, Felixstowe, Suffolk IP11 9EQ2
£166K11/200.87 mi157, Maidstone Road, Felixstowe, Suffolk IP11 9EQ2
£240K12/220.87 mi183, Maidstone Road, Felixstowe, Suffolk IP11 9EQ2
£234K05/230.89 mi30, Church Lane, Felixstowe, Suffolk IP11 9DJ2
£215K01/230.89 mi52, Cricket Hill Road, Felixstowe, Suffolk IP11 2LG2
£175K12/200.9 mi1, Shotley Close, Felixstowe, Suffolk IP11 2NG2
£196K05/210.91 mi17, Jasmine Close, Trimley St Martin, Felixstowe, Suffolk IP11 0UY2
£215K04/230.91 mi33, Jasmine Close, Trimley St Martin, Felixstowe, Suffolk IP11 0UY2
£190K09/210.92 mi11, Holbrook Crescent, Felixstowe, Suffolk IP11 2NE2
£190K09/210.92 mi7, Jubilee Close, Trimley St Martin, Felixstowe, Suffolk IP11 0YG2

Local Rents

20 rents from £700/mo to £1.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95006/240.21 miBurnham Close, Trimley St Mary2
£99512/240.34 mi-2
£99505/240.52 miWalton Hall Drive, Felixstowe2
£99506/240.52 miWalton Hall Drive, Felixstowe2
£85004/240.62 miThe Downs, Felixstowe2
£1,05004/240.65 miRunnacles Way, Felixstowe2
£1,00006/240.68 miLongcroft, Felixstowe2
£82006/240.71 miBredfield Close, Felixstowe2
£90003/240.73 miAldringham Mews, Felixstowe, Suffolk, IP112
£90004/240.73 miAldringham Mews, Felixstowe2
£1,10005/240.92 miHolbrook Crescent, Felixstowe2
£87505/240.92 miMargaret Street, Felixstowe, IP112
£87512/230.94 mi-2
£80009/230.95 mi-2
£95005/240.98 miHigh Street, Felixstowe2
£95006/240.98 miHigh Street, Felixstowe2
£95004/241.11 miNayland Road, Felixstowe2
£95005/241.11 miNayland Road, Felixstowe2
£1,00005/241.19 miChelsworth Road, Felixstowe 2
£70006/241.19 miMill Lane, Felixstowe2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

1.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £165,000

August 8, 2024

Floor Plans

Description

  • SEMI DETACHED HOUSE IN NEED OF TOTAL MODERNISATION +
  • TWO BEDROOMS +
  • LOUNGE +
  • DINING ROOM +
  • KITCHEN +
  • GOOD SIZE GARDEN +
  • SCOPE TO EXTEND SUBJECT TO PLANNING PERMISSION +
  • VILLAGE LOCATION +

The accommodation briefly comprises entrance porch, lounge, dining room, kitchen, cloakroom, upstairs there are two bedrooms with a bathroom off bedroom two.

Addington Road is located in the popular residential village of Trimley St Mary, and is located within close proximity to good local schooling and transport links such as bus stops and Trimley train station.

A viewing is highly recommended to appreciate the potential the property and the plot offers.  

UPVC ENTRANCE DOOR TO ENTRANCE PORCH Laminate flooring, door opening into the lounge.  

LOUNGE 11' 11" x 11' 1" (3.63m x 3.38m) Window to front aspect, gas fire, door to :- 

INNER HALL Stairs leading up to the first floor, door to :- 

DINING ROOM 11' 4" x 11' 1" (3.45m x 3.38m) Windows to both side and rear aspect, under stairs storage cupboard, gas fire, door to :- 

KITCHEN 8' 10" x 6' 10" (2.69m x 2.08m) Fitted worktops with tiled splashback, storage units above and matching storage units and drawers below, composite sink with single drainer, space and plumbing available for both a dishwasher and a washing machine, window to side aspect and door to outside. 

REAR LOBBY  

CLOAKROOM Suite comprising WC, hand wash basin.  

FIRST FLOOR LANDING Gas fire, door to :- 

BEDROOM 1 11' 10" x 11' 1" (3.61m x 3.38m) Two windows to the front aspect.  

BEDROOM 2 11' 5" x 11' 1" (3.48m x 3.38m) Fitted wardrobes, window to rear aspect, door to :- 

BATHROOM 8' 10" x 6' 10" (2.69m x 2.08m) Suite comprising panel bath, hand wash basin. Window to rear aspect, airing cupboard housing hot water cylinder.  

OUTSIDE The property opens straight onto Addington Road.

The property benefits from a large side and rear garden. The measurement from the house to the fence is 25'4" and there is a large hard standing area with two large workshops which then opens out into the lawn area, enclosed by fencing, established shrub and plant borders.  

COUNCIL TAX Band 'B'

Agent Details

ScottBeckett, Felixstowe

01394 331688

Next Steps?

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