2 Bed Flat, Single Let, Felixstowe, IP11 7QE, £180,000

Tomline Road, Felixstowe,, IP11 7QE - 3 views - 3 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+2 photos

ValuationFair Value

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

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£183,610£183,610

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Total Cash In	£51,600£51,600

Cash Out
Rent Range	£675 - £1,350£675 - £1,350
Rent Estimate	£824
Running Costs/mo	£747£747
Cashflow/mo	£77£77
Cashflow/yr	£920£920
ROI	2%2%
Gross Yield	5%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	03/21	0.05 mi	52, Tomline Road, Felixstowe, Suffolk IP11 7PA	£2,642	106	2	Flat
£155K	12/20	0.1 mi	Flat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY	£2,407	64	2	Flat
£230K	01/23	0.12 mi	16, St Johns Court, Felixstowe, Suffolk IP11 7SG	£3,594	64	2	Flat
£174K	03/23	0.18 mi	11, Tower Road, Felixstowe, Suffolk IP11 7PR	£3,955	44	2	Flat
£165K	12/21	0.18 mi	67, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,750	60	2	Flat
£187.5K	05/21	0.18 mi	45, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,604	72	2	Flat
£190K	01/23	0.18 mi	40, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,969	64	2	Flat
£142.5K	12/22	0.39 mi	73a, High Road West, Felixstowe, Suffolk IP11 9AA	£1,851	77	2	Flat
£135K	11/22	0.49 mi	7a, Langer Road, Felixstowe, Suffolk IP11 2BT	£2,100	64	2	Flat
£335K	11/21	0.6 mi	9a, High Beach, Felixstowe, Suffolk IP11 7LE	£2,839	118	2	Flat
£159K	11/22	0.67 mi	Flat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH	-	-	2	Flat
£315K	12/20	0.68 mi	Flat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£280K	11/20	0.68 mi	Flat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£285K	10/20	0.68 mi	Flat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£115K	01/23	0.86 mi	Flat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR	-	-	2	Flat
£420K	06/21	0.91 mi	Apartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£400K	11/20	0.91 mi	Apartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£86K	03/21	0.95 mi	Flat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£110K	10/22	0.95 mi	Flat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£120K	05/23	0.95 mi	Flat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat

Local Rents

24 rents from £675/mo to £1.4K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£815	04/24	0.04 mi	-	2	Flat
£1,350	06/24	0.13 mi	Quarndon House, Leopold Road	2	Flat
£800	05/24	0.17 mi	Queens Road, Felixstowe	2	Flat
£900	05/24	0.18 mi	Tower Road, Felixstowe	2	Flat
£900	06/24	0.18 mi	Tower Road, Felixstowe	2	Flat
£900	06/24	0.19 mi	Ranelagh Court, Felixstowe	2	Flat
£900	05/24	0.23 mi	Cobbold Road, Felixstowe	2	Flat
£975	05/24	0.23 mi	Cobbold Road, Felixstowe	2	Flat
£950	09/24	0.24 mi	-	2	Flat
£875	05/24	0.24 mi	Wolsey Gardens, Felixstowe	2	Flat
£895	05/24	0.28 mi	Wolsey Gardens, Felixstowe, Suffolk, IP11	2	Flat
£1,025	05/24	0.32 mi	Constable Road, Felixstowe	2	Detached House
£675	03/25	0.34 mi	-	2	Flat
£900	09/24	0.37 mi	-	2	Flat
£1,300	10/24	0.4 mi	-	2	Flat
£850	04/24	0.4 mi	Melrose House, Granville Road, Felixstowe, Suffolk, IP11	2	Flat
£875	04/24	0.44 mi	-	2	Flat
£925	09/23	0.44 mi	-	2	Flat
£900	03/25	0.44 mi	-	2	Flat
£1,150	09/23	0.44 mi	-	2	Flat
£1,050	05/24	0.46 mi	Melrose House, Granville Road, Felixstowe, Suffolk, IP11	2	Flat
£1,250	05/24	0.48 mi	Sea Road, Felixstowe	2	Flat
£1,200	05/24	0.57 mi	High Road East, Felixstowe	2	Flat
£950	04/24	0.6 mi	High Beach, Felixstowe	2	Flat

Local Area Statistics

Population in IP11	29,29029,290
Population in Felixstowe	29,29429,294
Town centre distance	0.20 miles away0.20 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	0%0%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £180,000

January 2, 2025

Floor Plans

Description

Ground Floor Apartment +
No Onward Chain +
Walking Distance to Town Centre & Sea Front +
One Allocated Parking Space +
Two Bedrooms +

A very well presented two bedroom ground floor flat situated close to the Town Centre and within walking distance of Felixstowe Seafront. The accommodation comprises communal hallway leading to the front door, entrance hall, lounge/diner, bedroom 1, bedroom 2/home office, kitchen and shower room. Benefitting one allocated parking space and is offered with no onward chain.

Agent Details

Nicholas Estates, Felixstowe

01394 331588

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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