4 Bed Detached House, Refurb/BRRR, Felixstowe, IP11 7RN, £450,000
Mill Lane, Felixstowe, Suffolk, IP11 7RN - 2 views - 3 months ago
Sold STC
Refurb/BRRR
~129 m²





+10 photos
ValuationOvervalued
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £112,500 |
Stamp Duty & Legal Fees | £24,700 |
Refurb Costs | £60,400 |
Bridging Loan Interest | £11,813 |
Total Cash In | £211,163 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £406,225 |
Mortgage (After Refinance) | £304,669 |
Mortgage LTV | 75% |
Cash Left In | £211,163 |
Equity | £101,556 |
Rent Range | £950 - £2,700 |
Rent Estimate | £1,312 |
Running Costs/mo | £1,552 |
Cashflow/mo | £-240 |
Cashflow/yr | £-2,878 |
Gross Yield | 3% |
Local Rents
13 rents from £950/mo to £2.7K/mo, average is £1.1K/mo.
Local Area Statistics
Population in IP11 | 29,290 |
Population in Felixstowe | 29,294 |
Town centre distance | 0.20 miles away |
Nearest school | 0.50 miles away |
Nearest train station | 0.37 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | 0% |
Sales demand | Balanced market |
Capital growth (5yrs) | +16% |
Property History
Listed for £450,000
December 2, 2024
Floor Plans

Description
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