2 Bed Flat, Single Let, Felixstowe, IP11 2AU, £190,000

Sea Road, Felixstowe, Suffolk, IP11 2AU - 6 months ago

Leasehold
BTL
~68 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£183,610

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Total Cash In

£59,500

 

 

Cash Out

 

Rent Range

£700 - £1,350

Rent Estimate

£763

Running Costs/mo

£766

Cashflow/mo

£-3

Cashflow/yr

£-40

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 
£135K11/220.14 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£174K03/230.26 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.26 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.26 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.26 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£230K01/230.29 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£155K12/200.32 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£280K03/210.33 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£115K01/230.48 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2
£142.5K12/220.71 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£335K11/210.91 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£159K11/220.91 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£315K12/200.97 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/200.97 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/200.97 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£86K03/211.02 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/221.02 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/231.02 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£420K06/211.21 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/201.21 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30010/240.02 mi-2
£85004/240.02 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,15009/230.05 mi-2
£1,05005/240.07 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,25005/240.1 miSea Road, Felixstowe2
£87504/240.11 mi-2
£92509/230.11 mi-2
£90004/250.11 mi-2
£89505/240.13 miWolsey Gardens, Felixstowe, Suffolk, IP112
£87505/240.16 miWolsey Gardens, Felixstowe2
£95010/240.16 mi-2
£80005/240.22 miQueens Road, Felixstowe2
£90005/240.26 miTower Road, Felixstowe2
£90006/240.26 miTower Road, Felixstowe2
£1,35006/240.3 miQuarndon House, Leopold Road2
£81504/240.39 mi-2
£89506/240.48 miBeach Station Road, Felixstowe2
£89506/240.48 miRussell Court, Felixstowe2
£95004/250.5 mi-2
£90006/240.52 miRanelagh Court, Felixstowe2
£90005/240.57 miCobbold Road, Felixstowe2
£97505/240.57 miCobbold Road, Felixstowe2
£70006/240.57 miMill Lane, Felixstowe2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.54 miles away

Nearest school

0.40 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £190,000

January 19, 2025

Listed for £200,000

October 17, 2024

Floor Plans

Description

  • Great location +
  • Close to shops +
  • Impressive sea views +
  • Allocated parking +
  • Two double bedrooms +
  • Easy access to A12/A14 +

This generous size apartment is positioned in a prominent position on the sea front, with excellent access to the town centre which offers a large variety of local amenities.

Apartment 3 is located on the second floor and has two double bedrooms, one of which is located at the front of the apartment providing sea views and the other to the rear with a built in wardrobe. The kitchen comprises a range of base and eye level units, work surfaces and space for a washing machine, fridge/freezer and an oven.

Adjacent is the family bathroom with floor to ceiling splashbacks and offers a shower and basin, there is a separate WC. Completing the accommodation is the generous size dual aspect sitting room which again has views over the seafront.

Outside
The apartment has an allocated parking space to the rear of the building which is accessed via Undercliff Road West.

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 2AU, as the point of origin.

Important Information

Important information
Council Tax Band - A
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
EPC rating – C
Our ref - CH

Tenure – Leasehold
Lease length – 125 years from 1988
Service charge – Approximately £100 per annum

Agents Note –
We understand from the seller that the property has 1/4 of share of costs towards the buildings insurance and fire alarm servicing.

Agent Details

Fenn Wright, Felixstowe

01394 331602

Next Steps?

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