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

Queens Road, Felixstowe, IP11 7PE - 6 views - 4 months ago

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

ValuationUndervalued

Sold Prices£240K - £820K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£375,000

 

 

End Value (After Refurb)

£520,347

Uplift in Value

+39%

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

Local Sold Prices

23 sold prices from £240K to £820K, average is £455K. £1.4K/m² to £3.6K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£520K12/220.04 mi83, Princes Road, Felixstowe, Suffolk IP11 7PL5
£455K01/230.09 mi46, Leopold Road, Felixstowe, Suffolk IP11 7NP5
£412.5K12/200.18 mi81, Garrison Lane, Felixstowe, Suffolk IP11 7RW5
£278K03/210.32 mi32, Cobbold Road, Felixstowe, Suffolk IP11 7HZ5
£300K11/200.33 mi85, Ranelagh Road, Felixstowe, Suffolk IP11 7HY5
£320K03/210.38 mi5, Gainsborough Road, Felixstowe, Suffolk IP11 7HT5
£263K03/210.45 mi50, Manning Road, Felixstowe, Suffolk IP11 2BQ5
£240K11/200.45 mi91, High Road West, Felixstowe, Suffolk IP11 9AB5
£257K06/210.45 mi89, High Road West, Felixstowe, Suffolk IP11 9AB5
£583.3K06/230.5 mi33, Quilter Road, Felixstowe, Suffolk IP11 7JJ5
£820K04/210.51 mi9, The Courts, Felixstowe, Suffolk IP11 7TP5
£397K06/210.56 mi44, Quilter Road, Felixstowe, Suffolk IP11 7JL5
£455K11/200.56 mi35, Quilter Road, Felixstowe, Suffolk IP11 7JL5
£425K01/210.61 mi9, Manwick Road, Felixstowe, Suffolk IP11 2DQ5
£615K06/210.74 mi1a, Foxgrove Gardens, Felixstowe, Suffolk IP11 7JX5
£625K02/210.79 mi58, Links Avenue, Felixstowe, Suffolk IP11 9HD5
£370K04/210.81 miCrescent House, St Marys Crescent, Felixstowe, Suffolk IP11 9DL5
£605K03/210.84 mi1, Old Hall Close, Felixstowe, Suffolk IP11 9PQ5
£630K04/210.91 mi16, High Row Field, Felixstowe, Suffolk IP11 7AE5
£740K11/221.05 miThurlow House, Golf Road, Felixstowe, Suffolk IP11 7NB5
£455K06/211.24 mi22, Keswick Close, Felixstowe, Suffolk IP11 9NZ5
£650K12/201.62 mi202, Ferry Road, Felixstowe, Suffolk IP11 9RT5
£620K03/231.67 mi7, Westmorland Road, Felixstowe, Suffolk IP11 9TB5

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.26 miles away

Nearest school

0.50 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

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?

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