5 Bed HMO, Felixstowe, IP11 7PE, £350,000

Queens Road, Felixstowe, IP11 7PE - 8 views - 5 months ago

Sold STC
HMO
Refurb/BRRR
~178 m²
+8 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£83,309

Bridging Loan Interest

£9,188

Total Cash In

£200,446

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£520,347

Agent Fees (1%)

£5,203

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£52,197













Property History

Price changed to £350,000

January 27, 2025

Listed for £375,000

November 12, 2024

Floor Plans

Description

  • Detached House Requiring Modernisation +
  • Extensive Accommodation +
  • Cellar +
  • Close To Town Centre & Sea Front +
  • Enclosed Rear Garden +

A substantial detached house situated close to the town centre of Felixstowe, requiring modernisation and updating throughout, lending itself to being made a generous family home or alternatively offering potential for an HMO (stpp). The ground floor accommodation comprises a collection of rooms which could be made in to reception rooms or bedrooms. The first & second floors also offer a range of rooms including a bathroom and separate w/c. Outside the property benefits from a fully enclosed rear garden. The property further benefits gas fired central heating. The property is currently going through a change of use from commercial to residential.

Agent Details

Nicholas Estates, Felixstowe

01394 331588

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.