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

Sold Prices£200K - £830K
Sold Prices/m²£1.9K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£370,035

 

 

End Value (After Refurb)

£406,225

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 Sold Prices

50 sold prices from £200K to £830K, average is £343.8K. £1.9K/m² to £4.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£460K05/230.05 mi94, Garrison Lane, Felixstowe, Suffolk IP11 7RQ4
£416K12/200.09 mi32, Princes Road, Felixstowe, Suffolk IP11 7QZ4
£342.5K06/210.15 mi37, Garrison Lane, Felixstowe, Suffolk IP11 7RR4
£330K11/200.16 mi17, Newry Avenue, Felixstowe, Suffolk IP11 7RZ4
£350K11/200.19 mi4, Goyfield Avenue, Felixstowe, Suffolk IP11 7RX4
£430K06/210.19 mi106, Garrison Lane, Felixstowe, Suffolk IP11 7RB4
£447.5K12/220.26 mi49, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£350K03/210.26 mi83, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£353K12/200.26 mi93, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£460K12/220.26 mi87, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£295K09/210.28 mi2, Lincoln Terrace, Felixstowe, Suffolk IP11 7QA4
£450K10/200.3 mi113, Undercliff Road West, Felixstowe, Suffolk IP11 2AF4
£225K01/230.35 mi37, Ranelagh Road, Felixstowe, Suffolk IP11 7HA4
£230K05/230.36 mi5, Manning Road, Felixstowe, Suffolk IP11 2AS4
£450K05/230.38 miAmberness, 1, Lawn Way, Felixstowe, Suffolk IP11 7TG4
£257.5K05/210.4 mi132, High Road West, Felixstowe, Suffolk IP11 9AL4
£345K03/210.4 mi30, Cobbold Road, Felixstowe, Suffolk IP11 7HZ4
£830K01/230.41 miCambroun, 1, Candlet Grove, Felixstowe, Suffolk IP11 9HZ4
£365K08/210.43 mi30, High Road West, Felixstowe, Suffolk IP11 9JB4
£390K03/230.49 mi49, Seaton Road, Felixstowe, Suffolk IP11 9BS4
£200K02/210.51 mi35, Langer Road, Felixstowe, Suffolk IP11 2BN4
£400K08/210.53 mi4, Buregate Road, Felixstowe, Suffolk IP11 2DE4
£345K11/220.55 mi70, Constable Road, Felixstowe, Suffolk IP11 7HN4
£295K06/210.58 mi16, Cage Lane, Felixstowe, Suffolk IP11 9BH4
£300K07/210.58 mi36, Quilter Road, Felixstowe, Suffolk IP11 7JJ4
£310K12/200.6 mi1, Hall Pond Way, Felixstowe, Suffolk IP11 2JP4
£315K10/220.62 mi3, Rogers Close, Felixstowe, Suffolk IP11 9DG4
£375K12/200.63 mi54, Quilter Road, Felixstowe, Suffolk IP11 7JL4
£800K12/220.68 mi22, Dellwood Avenue, Felixstowe, Suffolk IP11 9HP4
£330K03/210.74 mi9, Foxgrove Lane, Felixstowe, Suffolk IP11 7JS4
£360K01/210.74 mi19, Church Lane, Felixstowe, Suffolk IP11 9DJ4
£221K09/210.74 mi5, Church Lane, Felixstowe, Suffolk IP11 9DJ4
£300K08/210.75 mi158, Chelsworth Road, Felixstowe, Suffolk IP11 2UJ4
£360K09/210.75 mi88, Chelsworth Road, Felixstowe, Suffolk IP11 2UJ4
£310K02/210.77 mi18, Berners Road, Felixstowe, Suffolk IP11 7LF4
£420K01/230.77 mi44, Dellwood Avenue, Felixstowe, Suffolk IP11 9HW4
£262.5K03/230.81 mi19, Beach Station Road, Felixstowe, Suffolk IP11 2DR4
£550K12/220.81 mi1, Beach Road East, Felixstowe, Suffolk IP11 7LD4
£290K01/210.85 mi1, Brandon Road, Felixstowe, Suffolk IP11 2XS4
£399K03/230.86 mi41, Glemsford Close, Felixstowe, Suffolk IP11 2UQ4
£370K06/230.86 mi47, Glemsford Close, Felixstowe, Suffolk IP11 2UQ4
£288K10/210.87 mi31, Hintlesham Drive, Felixstowe, Suffolk IP11 2YW4
£288K10/210.87 mi31, Hintlesham Drive, Felixstowe, Suffolk IP11 2YW4
£320K03/210.87 mi63, Hintlesham Drive, Felixstowe, Suffolk IP11 2YW4
£310K08/230.87 mi37, Runnacles Way, Felixstowe, Suffolk IP11 2FJ4
£327.5K05/210.88 mi17, Tree Tops, Felixstowe, Suffolk IP11 9ER4
£340K07/230.88 mi1, Ickworth Court, Felixstowe, Suffolk IP11 2XL4
£395K02/210.88 mi3, Old Hall Close, Felixstowe, Suffolk IP11 9PQ4
£285K11/200.89 mi1, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£305K11/200.89 mi21, Glemsford Close, Felixstowe, Suffolk IP11 2UG4

Local Rents

13 rents from £950/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,50005/240.01 miMill Lane, Felixstowe, IP114
£1,00004/240.09 mi-3
£2,70011/230.35 mi-3
£1,27504/240.35 miChester Road, Felixstowe3
£1,10002/250.36 mi-3
£95012/240.39 mi-3
£1,05005/240.41 miHigh Road West, Felixstowe, IP113
£1,19504/240.41 miHolland Road, Felixstowe3
£1,00005/240.42 miGainsborough Road, Felixstowe3
£1,10005/240.45 miKingsfleet Road, Felixstowe3
£1,10004/240.5 miGraham Road, Felixstowe3
£1,50002/250.56 mi-5
£1,20004/240.61 miQueen Street, Walton3

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

  • No onward chain +
  • Walking distance to town centre +
  • Close to seafront +
  • Scope for improvement +
  • garage and parking +
  • Easy access to A12/A14 +

A spacious family home, requiring general modernisation, offering over 1,500 sq ft of living space. Ideally located just a short walk from the town center, seafront, and train station.

The front door opens into a spacious hallway providing access to all rooms, a storage cupboard, and stairs leading to the first floor. At the front of the property, there are two rooms: a double-aspect family room and a large sitting room with a focal fireplace and a bay window. The dining room leads through to a generously sized, light-filled, triple-aspect kitchen. The kitchen, which has access to the rear garden, features a range of matching wall and base units, an undercounter fridge and separate freezer, an eye-level double oven, and a sink. Completing the ground floor is a shower room, which also houses the floor-mounted Ideal boiler.

The first floor comprises three double bedrooms and a single room, which could be used as a study. The main bedroom is generously sized and features a lovely bay window. There is a bathroom with a sink and basin, as well as a separate WC. The hallway is flooded with natural light from a large floor-to-ceiling window on the half landing.

The outside
The front of the property features a paved driveway, a lawned front garden, and access to both sides of the house leading to the rear garden. There is a single garage with a personnel door to the side. The rear garden is primarily laid to lawn with shrub borders.

Location

Located in a sought after residential location situated within a short walk from the popular East Coast of Suffolk which is becoming the next sought after area for coastal living. Felixstowe offers easy access to the A12/A14 and has rail services to London Liverpool Street, Cambridge and Norwich. There are four miles of beach which run from Languard Point with its 18th Century Fort to Felixstowe Ferry which is a charming fishing hamlet and home to the Felixstowe Ferry Sailing Club. The town centre has a wide variety of shops, theatre, ample bars, restaurants and recreational facilities including the leisure centre, tennis club, golf club, rugby club, cricket club and Golf club.

Directions

Please use Sat Nav directions IP11 7RN

Important Information

Council Tax Band - E
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - E
Our ref - RJH

Agent Details

Fenn Wright, Felixstowe

01394 331602

Next Steps?

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