3 Bed Terraced House, Refurb/BRRR, Felixstowe, IP11 2LB, £225,000

89 Grange Road, Felixstowe, IP11 2LB - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£180K - £385K
Sold Prices/m²£1.8K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£229,500

 

 

End Value (After Refurb)

£274,142

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£43,458

Bridging Loan Interest

£5,906

Total Cash In

£115,314

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£274,142

Mortgage (After Refinance)

£205,606

Mortgage LTV

75%

Cash Released

£36,856

Cash Left In

£78,457

Equity

£68,535

Rent Range

£950 - £2,700

Rent Estimate

£1,242

Running Costs/mo

£1,125

Cashflow/mo

£117

Cashflow/yr

£1,403

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £180K to £385K, average is £232.8K. £1.8K/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£300K12/200.06 mi64, Grange Road, Felixstowe, Suffolk IP11 2JZ3
£233K06/210.1 mi25, Vicarage Road, Felixstowe, Suffolk IP11 2LR3
£265K07/230.1 mi7, Vicarage Road, Felixstowe, Suffolk IP11 2LR3
£213.5K11/200.11 mi1, Parkeston Road, Felixstowe, Suffolk IP11 2NF3
£215K11/200.11 mi36, Parkeston Road, Felixstowe, Suffolk IP11 2NF3
£220K10/200.13 mi5, Shotley Close, Felixstowe, Suffolk IP11 2NG3
£220K05/210.15 mi114, Mill Lane, Felixstowe, Suffolk IP11 2LL3
£250K07/210.15 mi37, Grange Road, Felixstowe, Suffolk IP11 2JS3
£385K05/210.17 mi89, Mill Lane, Felixstowe, Suffolk IP11 2LN3
£230K04/230.24 mi10, Beacon Field, Felixstowe, Suffolk IP11 2JQ3
£232K09/210.27 mi1, Stour Avenue, Felixstowe, Suffolk IP11 2NP3
£315K06/230.27 mi155, Grange Road, Felixstowe, Suffolk IP11 2PZ3
£232.5K11/200.3 mi12, James Boden Close, Felixstowe, Suffolk IP11 9EN3
£238K10/220.3 mi3, James Boden Close, Felixstowe, Suffolk IP11 9EN3
£227.5K09/210.31 mi18, Grange Farm Avenue, Felixstowe, Suffolk IP11 2FB3
£220K09/210.32 mi12, Capel Drive, Felixstowe, Suffolk IP11 2FR3
£240K11/200.32 mi5, William Booth Way, Felixstowe, Suffolk IP11 2FL3
£222K04/230.33 mi147, Coronation Drive, Felixstowe, Suffolk IP11 2PD3
£250K03/230.33 mi15, Kentford Road, Felixstowe, Suffolk IP11 2XZ3
£197.5K04/210.33 mi5, Kentford Road, Felixstowe, Suffolk IP11 2XZ3
£232.5K12/200.34 mi111, Coronation Drive, Felixstowe, Suffolk IP11 2PB3
£223K10/210.34 mi2, Otley Court, Felixstowe, Suffolk IP11 2YZ3
£255.5K10/220.34 mi31, Butley Road, Felixstowe, Suffolk IP11 2NY3
£253.5K06/230.35 mi8, Bredfield Close, Felixstowe, Suffolk IP11 2FD3
£275K09/210.35 mi3, Sudbourne Road, Felixstowe, Suffolk IP11 2YS3
£269.9K11/200.35 mi57, Hintlesham Drive, Felixstowe, Suffolk IP11 2YW3
£200K10/200.36 mi6, Generals Mews, Felixstowe, Suffolk IP11 2YY3
£190K05/230.36 mi28, Brightwell Close, Felixstowe, Suffolk IP11 2YJ3
£275K12/210.36 mi12, Deben Way, Felixstowe, Suffolk IP11 2NS3
£219.9K10/210.37 mi38, Margaret Street, Felixstowe, Suffolk IP11 9EJ3
£250K05/230.37 mi207, Grange Road, Felixstowe, Suffolk IP11 2QB3
£180K01/210.37 mi158, Cornwall Road, Felixstowe, Suffolk IP11 9EW3
£323K06/230.39 mi9, Waveney Road, Felixstowe, Suffolk IP11 2NT3
£235K08/210.39 mi44, Runnacles Way, Felixstowe, Suffolk IP11 2FE3
£240K02/210.39 mi67, Elizabeth Way, Felixstowe, Suffolk IP11 2PQ3
£225K10/210.39 mi17, Rendlesham Road, Felixstowe, Suffolk IP11 2YP3
£225K10/210.39 mi17, Rendlesham Road, Felixstowe, Suffolk IP11 2YP3
£227.5K02/210.39 mi16, Rendlesham Road, Felixstowe, Suffolk IP11 2YP3
£250K06/210.41 mi1, Newbourne Gardens, Felixstowe, Suffolk IP11 2PW3
£225K06/210.41 mi29, Brandon Road, Felixstowe, Suffolk IP11 2XU3
£229K03/210.41 mi24, Brandon Road, Felixstowe, Suffolk IP11 2XU3
£227.5K11/200.42 mi7, The Downs, Felixstowe, Suffolk IP11 2FG3
£335K02/210.42 mi17, Chaucer Road, Felixstowe, Suffolk IP11 7RS3
£305K10/200.42 mi27, Chaucer Road, Felixstowe, Suffolk IP11 7RS3
£220K08/210.42 mi27, Reedland Way, Felixstowe, Suffolk IP11 2FQ3
£269.9K08/210.42 mi47, Reedland Way, Felixstowe, Suffolk IP11 2FQ3
£360K06/210.42 mi11, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£385K02/210.42 mi24, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£385K11/200.42 mi14, Newry Avenue, Felixstowe, Suffolk IP11 7RZ3
£190K10/210.42 mi19, Wesel Avenue, Felixstowe, Suffolk IP11 2UA3

Local Rents

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

RentDateDistanceAddressBeds 
£1,10005/240.29 miKingsfleet Road, Felixstowe3
£1,15004/240.36 miFerry Lane, Felixstowe, IP113
£99504/240.42 miReedland Way, Felixstowe, Suffolk, IP113
£1,25003/240.42 miWesel Avenue, Felixstowe3
£1,05005/240.52 miMaidstone Road, FELIXSTOWE3
£1,00006/240.52 miMaidstone Road, Felixstowe3
£1,27504/240.53 miChester Road, Felixstowe3
£1,10004/240.54 miGraham Road, Felixstowe3
£1,29504/240.56 miCollett Road3
£1,20004/240.56 miQueen Street, Walton3
£1,00004/240.57 mi-3
£1,30005/240.58 miBigod Terrace, Felixstowe, IP113
£1,45004/240.59 miWalton Hall Drive, Trimley IP113
£1,05005/240.6 miHigh Road West, Felixstowe, IP113
£2,70011/230.6 mi-3
£95012/240.62 mi-3

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.65 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £225,000

January 31, 2025

Floor Plans

Description

  • IN NEED OF MODERNISATION +
  • THREE BEDROOM MID TERRACE HOME +
  • EXTENDED ACCOMMODATION +
  • GARAGE +
  • CLOSE TO LOCAL AMENITIES +
  • VIEWING HIGHLY RECOMMENDED +

In addition to the three bedrooms the property benefits from a garage at the rear accessed via Wadgate Road, lounge/diner and a study.

The accommodation in brief comprises entrance porch, entrance hall, cloakroom, kitchen, lounge/diner, study, on the first floor are three bedrooms and a family bathroom.

The property is conveniently located within close proximity to a major supermarket, doctor's surgery and a pharmacy. Additionally, local primary schooling is also nearby. Felixstowe town centre is approximately one mile away.

A viewing is highly recommended to appreciate the potential the property has on offer.  

UPVC ENTRANCE DOOR Opening to entrance porch with further entrance door opening into :- 

ENTRANCE HALLWAY 10' 5" x 6' 8" (3.18m x 2.03m) Electric storage radiator, stairs leading up to the first floor with an under stairs storage cupboard, additional cupboard and door to :- 

CLOAKROOM Suite comprising low level WC, hand wash basin.  

KITCHEN 12' 3" x 8' 8" (3.73m x 2.64m) Fitted worktops with a tiled splashback, storage units above and matching storage units and drawers below, one and a half bowl composite sink unit with mixer tap and single drainer, space and plumbing available for a washing machine, integrated oven with four ring electric hob above, window to front aspect.  

LOUNGE 17' 11" x 11' 11" (5.46m x 3.63m) Electric storage radiator, TV point, electric feature fireplace with decorative brick surround, opening into :- 

DINING ROOM 10' 8" x 7' 10" (3.25m x 2.39m) (forming part of the extension), electric storage radiator, windows and doors overlooking the rear garden.  

STUDY 7' 11" x 5' 11" (2.41m x 1.8m) (also forming part of the extension), fitted shelving units and window to rear aspect.  

FIRST FLOOR LANDING Access to the loft space, electric storage radiator, doors to :- 

BEDROOM ONE 11' 10" x 11' 4" into the wardrobe (3.61m x 3.45m) Window to rear aspect, wall lined fitted wardrobes with sliding doors.  

BEDROOM TWO 12' 5" x 8' 8" (3.78m x 2.64m) Window to front aspect.  

BEDROOM THREE 8' 10" x 6' 3" (2.69m x 1.91m) Window to rear aspect, above stairs fitted cupboard. 

BATHROOM Suite comprising low level WC, hand wash basin, panelled bath with electric shower over, tiled walls, obscured window to the front aspect, airing cupboard housing hot water cylinder.  

OUTSIDE To the front of the property it is enclosed by a low brick wall to front and side boundaries, mainly laid to lawn with established plant and shrub surround, with a garden path leading to the entrance door.

The rear garden is of south easterly aspect, enclosed by fencing and mainly laid to lawn with established plant and shrub border, outside tap, rear access gate and service door into :- 

GARAGE 20' 9" x 7' 9" (6.32m x 2.36m) Up and over door, light and power connected. The rear of the garage opens out into a workshop area measuring 10'8" x 4'1" with fitted work bench and window opening into the rear garden. The garage is accessed via Wadgate Road.  

COUNCIL TAX Band 'B'

Agent Details

ScottBeckett, Felixstowe

01394 331688

Next Steps?

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