2 Bed Flat, Single Let, Felixstowe, IP11 7EL, £180,000

Cobbold Road, Felixstowe, IP11 7EL - 4 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~85 m²

+6 photos

ValuationUndervalued

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

Square Metres	~85 m²
Price/m²	£2.1K/m²
Value Estimate	£217,800£217,800
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Total Cash In	£51,600£51,600

Cash Out
Rent Range	£675 - £1,400£675 - £1,400
Rent Estimate	£853
Running Costs/mo	£753£753
Cashflow/mo	£100£100
Cashflow/yr	£1,199£1,199
ROI	2%2%
Gross Yield	6%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	03/21	0.25 mi	52, Tomline Road, Felixstowe, Suffolk IP11 7PA	£2,642	106	2	Flat
£155K	12/20	0.25 mi	Flat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY	£2,407	64	2	Flat
£230K	01/23	0.32 mi	16, St Johns Court, Felixstowe, Suffolk IP11 7SG	£3,594	64	2	Flat
£174K	03/23	0.39 mi	11, Tower Road, Felixstowe, Suffolk IP11 7PR	£3,955	44	2	Flat
£165K	12/21	0.39 mi	67, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,750	60	2	Flat
£187.5K	05/21	0.39 mi	45, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,604	72	2	Flat
£190K	01/23	0.39 mi	40, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,969	64	2	Flat
£142.5K	12/22	0.4 mi	73a, High Road West, Felixstowe, Suffolk IP11 9AA	£1,851	77	2	Flat
£335K	11/21	0.41 mi	9a, High Beach, Felixstowe, Suffolk IP11 7LE	£2,839	118	2	Flat
£315K	12/20	0.48 mi	Flat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£280K	11/20	0.48 mi	Flat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£285K	10/20	0.48 mi	Flat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£135K	11/22	0.69 mi	7a, Langer Road, Felixstowe, Suffolk IP11 2BT	£2,100	64	2	Flat
£159K	11/22	0.72 mi	Flat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH	-	-	2	Flat
£420K	06/21	0.72 mi	Apartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£400K	11/20	0.72 mi	Apartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£115K	01/23	1.04 mi	Flat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR	-	-	2	Flat
£86K	03/21	1.07 mi	Flat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£110K	10/22	1.07 mi	Flat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£120K	05/23	1.07 mi	Flat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£900	05/24	0.07 mi	Cobbold Road, Felixstowe	2	Flat
£975	05/24	0.07 mi	Cobbold Road, Felixstowe	2	Flat
£900	06/24	0.08 mi	Ranelagh Court, Felixstowe	2	Flat
£1,025	05/24	0.13 mi	Constable Road, Felixstowe	2	Detached House
£900	09/24	0.16 mi	-	2	Flat
£675	03/25	0.18 mi	-	2	Flat
£815	04/24	0.23 mi	-	2	Flat
£1,350	06/24	0.27 mi	Quarndon House, Leopold Road	2	Flat
£800	05/24	0.35 mi	Queens Road, Felixstowe	2	Flat
£1,200	05/24	0.38 mi	High Road East, Felixstowe	2	Flat
£900	05/24	0.39 mi	Tower Road, Felixstowe	2	Flat
£900	06/24	0.39 mi	Tower Road, Felixstowe	2	Flat
£950	04/24	0.41 mi	High Beach, Felixstowe	2	Flat
£950	09/24	0.41 mi	-	2	Flat
£875	05/24	0.42 mi	Wolsey Gardens, Felixstowe	2	Flat
£895	05/24	0.45 mi	Wolsey Gardens, Felixstowe, Suffolk, IP11	2	Flat
£1,400	04/24	0.48 mi	Beach Place, Felixstowe	2	Flat
£850	04/24	0.58 mi	Melrose House, Granville Road, Felixstowe, Suffolk, IP11	2	Flat
£1,300	10/24	0.58 mi	-	2	Flat

Local Area Statistics

Population in IP11	29,29029,290
Population in Felixstowe	29,29429,294
Town centre distance	0.26 miles away0.26 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	0%0%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £180,000

August 9, 2024

Floor Plans

Description

Chain Free +
Communal gardens +
Electric heating +
Allocated Parking +
Low Service Charge +
Long Lease +
Opportunity to Purchase Freehold +

Investment Opportunity

Being sold with a tenant in situ and a potential yield of over 6% this is an investment not to be missed.
This ground floor apartment is situated close to the town centre offering easy access to local shops, amenities and the seafront. The accommodation comprises entrance hall, spacious lounge, modern fitted kitchen/breakfast room, shower room, master bedroom with en-suite bathroom, second bedroom, allocated parking and a shared garden.

Council Tax Band - A

Agent Details

Leaders Sales, Felixstowe

01394 331150

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

5 Bed House, Single Let, Felixstowe, IP11 7HZ

£525,000

2 months ago • 178 m²

Sold STC

3 Bed House, Single Let, Felixstowe, IP11 7BP

£335,000

2 views • 2 months ago • 93 m²

Sold STC

3 Bed House, Single Let, Felixstowe, IP11 7JD

£310,000

2 views • 6 months ago • 97 m²

4 Bed House, Single Let, Felixstowe, IP11 7HF

£495,000

2 years ago • 185 m²

2 Bed Flat, Single Let, Felixstowe, IP11 7EL, £180,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

5 Bed House, Single Let, Felixstowe, IP11 7HZ

3 Bed House, Single Let, Felixstowe, IP11 7BP

3 Bed House, Single Let, Felixstowe, IP11 7JD

4 Bed House, Single Let, Felixstowe, IP11 7HF

Cashflows

Local Sold Prices

Local Rents