2 Bed Flat, Single Let, Felixstowe, IP11 7EX, £172,500

Brownlow Road, Felixstowe, IP11 7EX - 1 views - 2 months ago

BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£183,610
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,125

Stamp Duty & Legal Fees

£6,375

Total Cash In

£49,500

 

 

Cash Out

 

Rent Range

£675 - £1,400

Rent Estimate

£853

Running Costs/mo

£730

Cashflow/mo

£123

Cashflow/yr

£1,480

ROI

3%

Gross Yield

6%

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.

PriceDateDistanceAddressBeds 
£155K12/200.3 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£335K11/210.31 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£280K03/210.34 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£315K12/200.38 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/200.38 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/200.38 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£230K01/230.41 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£174K03/230.48 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.48 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.48 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.48 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£142.5K12/220.56 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£420K06/210.62 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/200.62 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£135K11/220.73 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£159K11/220.87 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£115K01/231.06 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2
£86K03/211.22 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/221.22 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/231.22 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2

Local Rents

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

RentDateDistanceAddressBeds 
£67503/250.03 mi-2
£1,02505/240.07 miConstable Road, Felixstowe2
£90005/240.09 miCobbold Road, Felixstowe2
£97505/240.09 miCobbold Road, Felixstowe2
£90006/240.11 miRanelagh Court, Felixstowe2
£90009/240.15 mi-2
£1,35006/240.3 miQuarndon House, Leopold Road2
£95004/240.31 miHigh Beach, Felixstowe2
£81504/240.34 mi-2
£1,40004/240.38 miBeach Place, Felixstowe2
£80005/240.4 miQueens Road, Felixstowe2
£1,20005/240.43 miHigh Road East, Felixstowe2
£95009/240.44 mi-2
£87505/240.45 miWolsey Gardens, Felixstowe2
£89505/240.47 miWolsey Gardens, Felixstowe, Suffolk, IP112
£90005/240.48 miTower Road, Felixstowe2
£90006/240.48 miTower Road, Felixstowe2
£85004/240.61 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,30010/240.61 mi-2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.41 miles away

Nearest school

0.50 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £172,500

February 14, 2025

Description

  • SELF CONTAINED FIRST FLOOR APARTMENT +
  • TWO BEDROOMS +
  • LOUNGE/DINING ROOM +
  • KITCHEN +
  • BATHROOM +
  • GARAGE +
  • DOUBLE GLAZED WINDOWS +
  • DISTANT SEA VIEW +
  • CLOSE TO THE TOWN CENTRE +
  • NO CHAIN +

The accommodation briefly comprises entrance hall with two good storage cupboards and airing cupboard, lounge/dining room with distant sea view, two double bedrooms, kitchen and bathroom.

Further benefits include UPVC sealed unit double glazed windows, partial Economy 7 heating and brick built garage situated in a block to the rear of the building.

Lanyards is ideally situated in a convenient location a short distance from the spa gardens, sea, promenade and town centre with a variety of cafes, restaurants and shopping facilities available.  

UPVC SEALED UNIT DOUBLE COMMUNAL ENTRANCE DOOR Opening to :- 

COMMUNAL HALLWAY With stairs to all floors, apartment 5 is located on the first floor with its personal entrance door opening to :- 

ENTRANCE HALLWAY Built in airing cupboard with insulated hot water tank, pine slatted shelves, good size built in cloaks/storage cupboard and further storage cupboard, Economy 7 night storage heater.  

LOUNGE/DINING ROOM 17' 10" max reducing to 14'6" x 12' 6" (5.44m x 3.81m) TV point, UPVC sealed unit double glazed windows to the front and side aspect.  

KITCHEN 9' 3" x 8' 6" (2.82m x 2.59m) Re-fitted with modern units comprising base cupboards with solid wood block work surfaces over, inset stainless steel single drainer one and a half bowl sink unit with mixer tap, fitted eye level cupboards, space and plumbing for automatic washing machine, space for tall fridge/freezer, stainless steel electric oven, ceramic four ring induction hob with splashback and extractor hood over, laminate wood plank effect flooring, UPVC sealed unit double glazed window to the front aspect.  

BEDROOM ONE 11' 8" x 10' 8" (3.56m x 3.25m) Economy 7 night storage heater, under floor heating, UPVC sealed unit double glazed window to the rear aspect.  

BEDROOM TWO 11' 8" x 8' 2" (3.56m x 2.49m) Storage recess with hanging rail, adjacent built in double door wardrobe, Economy 7 night storage heater, UPVC sealed unit double glazed window to the rear aspect.  

BATHROOM White suite comprising panel bath with Triton shower unit over, mixer tap, low level WC, pedestal wash hand basin, waterproof wall panels, wall mounted electric convector heater, UPVC sealed unit double glazed window to the rear aspect.  

OUTSIDE The Lanyards development is recessed from Felixstowe's Brownlow Road with a small lawn communal garden to the front aspect, off road parking for residents (however this is not specifically allocated).  

GARAGE 14' 11" x 8' (4.55m x 2.44m) Situated in a block behind the building with up and over door, storage area in loft space.  

TENURE The apartment has a share of the Freehold. There is also a lease attaining to the apartment with 947 years remaining.  

SERVICE CHARGE We understand from the vendors that the current service is approximately £800 per annum.  

COUNCIL TAX Band 'B'

Agent Details

ScottBeckett, Felixstowe

01394 331688

Next Steps?

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