3 Bed Semi-Detached House, Refurb/BRRR, Felixstowe, IP11 2NU, £240,000

Coronation Drive, Felixstowe, Suffolk, IP11 2NU - 4 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£165K - £670K
Sold Prices/m²£1.5K/m² - £8.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£247,200
BMV3%

 

 

End Value (After Refurb)

£259,625

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£43,458

Bridging Loan Interest

£6,300

Total Cash In

£119,908

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£259,625

Mortgage (After Refinance)

£194,719

Mortgage LTV

75%

Cash Released

£14,719

Cash Left In

£105,189

Equity

£64,906

Rent Range

£850 - £2,700

Rent Estimate

£1,183

Running Costs/mo

£1,068

Cashflow/mo

£115

Cashflow/yr

£1,381

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £165K to £670K, average is £299.8K. £1.5K/m² to £8.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£202.5K10/210.06 mi36, Russell Road, Felixstowe, Suffolk IP11 2BG3
£232.5K12/200.06 mi42, Russell Road, Felixstowe, Suffolk IP11 2BG3
£215K07/210.08 mi31, Holland Road, Felixstowe, Suffolk IP11 2AZ3
£395K09/210.14 mi6, Arwela Road, Felixstowe, Suffolk IP11 2DG3
£387.5K05/210.14 mi8, Arwela Road, Felixstowe, Suffolk IP11 2DG3
£262.5K01/210.14 mi18, Arwela Road, Felixstowe, Suffolk IP11 2DG3
£263K06/210.15 mi3, Marina Gardens, Felixstowe, Suffolk IP11 2HW3
£320K02/210.2 mi17, Manwick Road, Felixstowe, Suffolk IP11 2DQ3
£280K01/210.2 mi3, Riby Road, Felixstowe, Suffolk IP11 7QB3
£323K06/230.21 mi9, Waveney Road, Felixstowe, Suffolk IP11 2NT3
£305K11/200.22 mi6, St Edmunds Road, Felixstowe, Suffolk IP11 2DJ3
£297K06/210.22 mi12, St Edmunds Road, Felixstowe, Suffolk IP11 2DJ3
£240K02/210.24 mi67, Elizabeth Way, Felixstowe, Suffolk IP11 2PQ3
£255.5K10/220.25 mi31, Butley Road, Felixstowe, Suffolk IP11 2NY3
£275K12/210.28 mi12, Deben Way, Felixstowe, Suffolk IP11 2NS3
£670K05/230.29 mi13, South Hill, Felixstowe, Suffolk IP11 2AA3
£347.5K03/230.29 mi60, Orwell Road, Felixstowe, Suffolk IP11 7PY3
£335K02/210.31 mi17, Chaucer Road, Felixstowe, Suffolk IP11 7RS3
£305K10/200.31 mi27, Chaucer Road, Felixstowe, Suffolk IP11 7RS3
£460K12/220.32 mi57, Garrison Lane, Felixstowe, Suffolk IP11 7RR3
£340K09/210.32 mi49, Garrison Lane, Felixstowe, Suffolk IP11 7RR3
£232K09/210.33 mi1, Stour Avenue, Felixstowe, Suffolk IP11 2NP3
£165K02/210.35 mi5, Beach Station Road, Felixstowe, Suffolk IP11 2DR3
£232.5K12/200.36 mi111, Coronation Drive, Felixstowe, Suffolk IP11 2PB3
£330K05/210.38 mi37, Mill Lane, Felixstowe, Suffolk IP11 7RT3
£385K05/210.38 miGrange View, Tower Road, Felixstowe, Suffolk IP11 7PR3
£178K01/210.39 mi3, Tacon Road, Felixstowe, Suffolk IP11 2DT3
£260K08/210.4 mi47, Dovedale, Felixstowe, Suffolk IP11 2PL3
£287K03/230.4 mi43, Dovedale, Felixstowe, Suffolk IP11 2PL3
£385K05/210.44 mi89, Mill Lane, Felixstowe, Suffolk IP11 2LN3
£250K06/210.44 mi1, Newbourne Gardens, Felixstowe, Suffolk IP11 2PW3
£315K01/230.45 mi18, Orford Road, Felixstowe, Suffolk IP11 2DY3
£220K05/210.46 mi114, Mill Lane, Felixstowe, Suffolk IP11 2LL3
£222K04/230.47 mi147, Coronation Drive, Felixstowe, Suffolk IP11 2PD3
£260K03/230.48 mi78, Queens Road, Felixstowe, Suffolk IP11 7PE3
£302.5K04/210.48 mi21, Herman De Stern Walk, Felixstowe, Suffolk IP11 2GA3
£233K06/210.49 mi25, Vicarage Road, Felixstowe, Suffolk IP11 2LR3
£265K07/230.49 mi7, Vicarage Road, Felixstowe, Suffolk IP11 2LR3
£250K05/230.49 mi207, Grange Road, Felixstowe, Suffolk IP11 2QB3
£315K06/230.5 mi155, Grange Road, Felixstowe, Suffolk IP11 2PZ3
£360K06/210.51 mi11, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£385K02/210.51 mi24, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£385K11/200.51 mi14, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£450K08/210.52 mi22, Princes Gardens, Felixstowe, Suffolk IP11 7RH3
£370K06/210.55 mi22, Cloncurry Gardens, Felixstowe, Suffolk IP11 2QY3
£255K10/200.59 mi1, Highfield Road, Felixstowe, Suffolk IP11 7BZ3
£247.5K03/210.59 mi5, Highfield Road, Felixstowe, Suffolk IP11 7BZ3
£399.9K08/210.61 mi109, Garrison Lane, Felixstowe, Suffolk IP11 7RE3
£650K04/230.61 mi2, Hamilton Gardens, Felixstowe, Suffolk IP11 7ES3
£335K11/200.62 mi4, Leopold Road, Felixstowe, Suffolk IP11 7NN3

Local Rents

25 rents from £850/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,19504/240.08 miHolland Road, Felixstowe3
£95012/240.1 mi-3
£2,70011/230.13 mi-3
£1,10005/240.3 miKingsfleet Road, Felixstowe3
£1,00004/240.38 mi-3
£1,20004/240.43 miOrford Road, Felixstowe3
£1,15012/230.44 mi-3
£1,35004/240.52 miTollemache Walk, Felixstowe3
£1,15004/240.63 miFerry Lane, Felixstowe, IP113
£1,25003/240.63 miWesel Avenue, Felixstowe3
£1,02004/240.63 miLanger Road, Felixstowe, Suffolk, IP113
£1,27504/240.76 miChester Road, Felixstowe3
£1,10002/250.77 mi-3
£1,05005/240.83 miHigh Road West, Felixstowe, IP113
£1,00005/240.84 miGainsborough Road, Felixstowe3
£1,10004/240.88 miGraham Road, Felixstowe3
£1,20004/240.97 miQueen Street, Walton3
£1,05005/241 miMaidstone Road, FELIXSTOWE3
£1,00006/241 miMaidstone Road, Felixstowe3
£99504/241.01 miReedland Way, Felixstowe, Suffolk, IP113
£85005/241.04 miAngel Cottage, Felixstowe3
£85005/241.04 miAngel Cottage, Felixstowe3
£1,29504/241.13 miCollett Road3
£1,45004/241.15 miWalton Hall Drive, Trimley IP113
£1,30005/241.16 miBigod Terrace, Felixstowe, IP113

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.66 miles away

Nearest school

0.20 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £240,000

January 16, 2025

Floor Plans

Description

  • No onward chain +
  • Two reception rooms +
  • Close to the town centre +
  • Modernisation required +
  • Off road parking +
  • Easy access to the A12/A14 +

Situated in a popular residential location of Felixstowe within close proximity to local amenities, is this three bedroom semi-detached home with scope for improvement and offered for sale with no onward chain.

The front door opens into the entrance hall with doors off to all principle rooms, to the right is the sitting room with a gas fire. Adjacent is the dining room with a window over looking the garden and the kitchen which comprises a range of base and eye level units, work tops, and space for a washing machine, fridge/freezer and oven. There is also a door to the pantry and the rear garden.

The first floor has three bedrooms, two of which are large doubles. Finally, completing the accommodation is the family bathroom which has a walk in shower, basin and WC.

Outside
The front of the property has an area laid with lawn and boarders stocked with plants and shrubs. There is a block paved driveway and a side access the rear garden.

The rear garden is enclosed by wooden fencing has shrub boarders, central lawn and a paved path. There is an outside toilet, shed and purpose brick built storage area.

Location

The property is set within the popular area of Felisxtowe which has a wide range of local amenities, easy access into the Felixstowe town centre as well as onto the A14 towards Ipswich and Woodbridge. There is a range of local schools nearby including Grange primary school, Langer primary school as well as Felixstowe academy.

Directions

Please use postcode IP11 2NU for SatNav.

Important Information

Council Tax Band - B
Services - We understand that mains water, drainage, gas and electricity are connected to the property. The source of heating is gas fires.
Tenure - Freehold
EPC rating - E
Our ref - CH

Agent Details

Fenn Wright, Felixstowe

01394 331602

Next Steps?

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