3 Bed Semi-Detached House, Refurb/BRRR, Felixstowe, IP11 2LL, £250,000

108 Mill Lane, Felixstowe, Suffolk, IP11 2LL - 2 views - a month ago

BTL

Refurb/BRRR

ROI: 2%

80 m²

+18 photos

ValuationOvervalued

Sold Prices	£180K - £460K
Sold Prices/m²	£1.8K/m² - £8.4K/m²

Square Metres	80 m²
Price/m²	£3.1K/m²
Value Estimate	£230,195£230,195

End Value (After Refurb)	£241,778£241,778

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£37,383£37,383
Bridging Loan Interest	£6,563£6,563
Total Cash In	£116,895£116,895

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£241,778£241,778
Mortgage (After Refinance)	£181,334£181,334
Mortgage LTV	75%75%
Cash Left In	£116,895£116,895
Equity	£60,445£60,445
Rent Range	£850 - £2,700£850 - £2,700
Rent Estimate	£1,203
Running Costs/mo	£1,016£1,016
Cashflow/mo	£187£187
Cashflow/yr	£2,242£2,242
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £180K to £460K, average is £240K. £1.8K/m² to £8.4K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	05/21	0 mi	114, Mill Lane, Felixstowe, Suffolk IP11 2LL	£2,391	92	3	Terraced House
£385K	05/21	0.03 mi	89, Mill Lane, Felixstowe, Suffolk IP11 2LN	£3,377	114	3	Detached House
£233K	06/21	0.05 mi	25, Vicarage Road, Felixstowe, Suffolk IP11 2LR	£2,533	92	3	Terraced House
£265K	07/23	0.05 mi	7, Vicarage Road, Felixstowe, Suffolk IP11 2LR	£2,366	112	3	Semi-Detached House
£232K	09/21	0.17 mi	1, Stour Avenue, Felixstowe, Suffolk IP11 2NP	£2,578	90	3	Semi-Detached House
£300K	12/20	0.17 mi	64, Grange Road, Felixstowe, Suffolk IP11 2JZ	£3,797	79	3	Detached House
£315K	06/23	0.18 mi	155, Grange Road, Felixstowe, Suffolk IP11 2PZ	£3,491	90	3	Semi-Detached House
£232.5K	12/20	0.19 mi	111, Coronation Drive, Felixstowe, Suffolk IP11 2PB	£2,552	91	3	Semi-Detached House
£255.5K	10/22	0.21 mi	31, Butley Road, Felixstowe, Suffolk IP11 2NY	-	-	3	Terraced House
£222K	04/23	0.22 mi	147, Coronation Drive, Felixstowe, Suffolk IP11 2PD	£2,803	79	3	Terraced House
£213.5K	11/20	0.24 mi	1, Parkeston Road, Felixstowe, Suffolk IP11 2NF	£2,888	74	3	Semi-Detached House
£215K	11/20	0.24 mi	36, Parkeston Road, Felixstowe, Suffolk IP11 2NF	£3,001	72	3	Semi-Detached House
£240K	02/21	0.25 mi	67, Elizabeth Way, Felixstowe, Suffolk IP11 2PQ	-	-	3	Semi-Detached House
£220K	10/20	0.26 mi	5, Shotley Close, Felixstowe, Suffolk IP11 2NG	£2,500	88	3	Semi-Detached House
£250K	05/23	0.26 mi	207, Grange Road, Felixstowe, Suffolk IP11 2QB	£3,289	76	3	Terraced House
£323K	06/23	0.26 mi	9, Waveney Road, Felixstowe, Suffolk IP11 2NT	-	-	3	Terraced House
£275K	12/21	0.27 mi	12, Deben Way, Felixstowe, Suffolk IP11 2NS	£3,056	90	3	Terraced House
£250K	07/21	0.28 mi	37, Grange Road, Felixstowe, Suffolk IP11 2JS	-	-	3	Semi-Detached House
£250K	06/21	0.28 mi	1, Newbourne Gardens, Felixstowe, Suffolk IP11 2PW	-	-	3	Detached House
£370K	06/21	0.33 mi	22, Cloncurry Gardens, Felixstowe, Suffolk IP11 2QY	-	-	3	Semi-Detached House
£250K	03/23	0.33 mi	15, Kentford Road, Felixstowe, Suffolk IP11 2XZ	-	-	3	Semi-Detached House
£197.5K	04/21	0.33 mi	5, Kentford Road, Felixstowe, Suffolk IP11 2XZ	£2,948	67	3	Semi-Detached House
£260K	08/21	0.34 mi	47, Dovedale, Felixstowe, Suffolk IP11 2PL	-	-	3	Detached House
£287K	03/23	0.34 mi	43, Dovedale, Felixstowe, Suffolk IP11 2PL	-	-	3	Detached House
£335K	02/21	0.34 mi	17, Chaucer Road, Felixstowe, Suffolk IP11 7RS	£2,792	120	3	Semi-Detached House
£305K	10/20	0.34 mi	27, Chaucer Road, Felixstowe, Suffolk IP11 7RS	£3,020	101	3	Semi-Detached House
£190K	10/21	0.35 mi	19, Wesel Avenue, Felixstowe, Suffolk IP11 2UA	£2,867	66	3	Semi-Detached House
£230K	04/23	0.37 mi	10, Beacon Field, Felixstowe, Suffolk IP11 2JQ	-	-	3	Semi-Detached House
£330K	05/21	0.38 mi	37, Mill Lane, Felixstowe, Suffolk IP11 7RT	£3,300	100	3	Detached House
£220K	09/21	0.38 mi	12, Capel Drive, Felixstowe, Suffolk IP11 2FR	-	-	3	Semi-Detached House
£235K	06/23	0.39 mi	85, Melford Way, Felixstowe, Suffolk IP11 2UH	£3,561	66	3	Terraced House
£228K	11/22	0.39 mi	121, Melford Way, Felixstowe, Suffolk IP11 2UH	£3,304	69	3	Terraced House
£232K	01/21	0.39 mi	95, Melford Way, Felixstowe, Suffolk IP11 2UH	£2,729	85	3	Terraced House
£200K	06/23	0.39 mi	87, Melford Way, Felixstowe, Suffolk IP11 2UH	-	-	3	Terraced House
£240K	12/22	0.39 mi	119, Melford Way, Felixstowe, Suffolk IP11 2UH	£3,478	69	3	Terraced House
£210K	01/21	0.4 mi	49, Melford Way, Felixstowe, Suffolk IP11 2UF	£3,000	70	3	Semi-Detached House
£460K	12/22	0.41 mi	57, Garrison Lane, Felixstowe, Suffolk IP11 7RR	£3,485	132	3	Detached House
£360K	06/21	0.42 mi	11, Newry Avenue, Felixstowe, Suffolk IP11 7RZ	-	-	3	Detached House
£385K	02/21	0.42 mi	24, Newry Avenue, Felixstowe, Suffolk IP11 7RZ	-	-	3	Detached House
£385K	11/20	0.42 mi	14, Newry Avenue, Felixstowe, Suffolk IP11 7RZ	£3,235	119	3	Detached House
£340K	09/21	0.42 mi	49, Garrison Lane, Felixstowe, Suffolk IP11 7RR	-	-	3	Detached House
£232.5K	11/20	0.42 mi	12, James Boden Close, Felixstowe, Suffolk IP11 9EN	£2,372	98	3	Terraced House
£238K	10/22	0.42 mi	3, James Boden Close, Felixstowe, Suffolk IP11 9EN	£2,833	84	3	Terraced House
£225K	06/21	0.42 mi	29, Brandon Road, Felixstowe, Suffolk IP11 2XU	-	-	3	Semi-Detached House
£229K	03/21	0.42 mi	24, Brandon Road, Felixstowe, Suffolk IP11 2XU	£3,013	76	3	Detached House
£280K	01/21	0.43 mi	3, Riby Road, Felixstowe, Suffolk IP11 7QB	£3,077	91	3	Semi-Detached House
£180K	01/21	0.45 mi	158, Cornwall Road, Felixstowe, Suffolk IP11 9EW	£1,800	100	3	Semi-Detached House
£347.5K	03/23	0.46 mi	60, Orwell Road, Felixstowe, Suffolk IP11 7PY	£8,363	42	3	Semi-Detached House
£190K	05/23	0.46 mi	28, Brightwell Close, Felixstowe, Suffolk IP11 2YJ	£2,794	68	3	Terraced House
£227.5K	09/21	0.46 mi	18, Grange Farm Avenue, Felixstowe, Suffolk IP11 2FB	£3,346	68	3	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,100	05/24	0.15 mi	Kingsfleet Road, Felixstowe	3	Terraced House
£1,150	04/24	0.31 mi	Ferry Lane, Felixstowe, IP11	3	House
£1,250	03/24	0.35 mi	Wesel Avenue, Felixstowe	3	Terraced House
£2,700	11/23	0.49 mi	-	3	Flat
£950	12/24	0.5 mi	-	3	Flat
£1,195	04/24	0.5 mi	Holland Road, Felixstowe	3	Terraced House
£1,000	04/24	0.51 mi	-	3	Terraced House
£995	04/24	0.56 mi	Reedland Way, Felixstowe, Suffolk, IP11	3	House
£1,275	04/24	0.59 mi	Chester Road, Felixstowe	3	Semi-Detached House
£1,100	04/24	0.63 mi	Graham Road, Felixstowe	3	Terraced House
£1,050	05/24	0.65 mi	Maidstone Road, FELIXSTOWE	3	Terraced House
£1,000	06/24	0.65 mi	Maidstone Road, Felixstowe	3	Terraced House
£1,050	05/24	0.66 mi	High Road West, Felixstowe, IP11	3	Semi-Detached House
£1,200	04/24	0.67 mi	Queen Street, Walton	3	Semi-Detached House
£1,295	04/24	0.7 mi	Collett Road	3	Semi-Detached House
£1,300	05/24	0.73 mi	Bigod Terrace, Felixstowe, IP11	3	House
£1,450	04/24	0.74 mi	Walton Hall Drive, Trimley IP11	3	Semi-Detached House
£850	05/24	0.74 mi	Angel Cottage, Felixstowe	3	Flat
£850	05/24	0.74 mi	Angel Cottage, Felixstowe	3	Terraced House
£1,150	12/23	0.75 mi	-	3	Terraced House
£1,200	04/24	0.77 mi	Orford Road, Felixstowe	3	Terraced House
£1,350	04/24	0.86 mi	Tollemache Walk, Felixstowe	3	Terraced House
£1,100	02/25	0.87 mi	-	3	Terraced House
£1,000	05/24	0.92 mi	Gainsborough Road, Felixstowe	3	Flat
£1,020	04/24	0.94 mi	Langer Road, Felixstowe, Suffolk, IP11	3	Terraced House
£1,400	05/24	1.13 mi	Kingsbury Road, Felixstowe	3	Semi-Detached House
£1,400	06/24	1.13 mi	Kingsbury Road, Felixstowe	3	Semi-Detached House
£1,300	05/24	1.19 mi	Burnham Close, Trimley St. Mary	3	Detached House

Local Area Statistics

Population in IP11	29,29029,290
Population in Felixstowe	29,29429,294
Town centre distance	0.65 miles away0.65 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.81 miles away0.81 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 £250,000

February 22, 2025

Floor Plans

Description

NO ONWARD CHAIN +
THREE BEDROOMS +
LIVING ROOM +
CONSERVATORY +
IDEAL FIRST TIME BUY +
GAS CENTRAL HEATING +
DRIVEWAY WITH PARKING +
CAR PORT AND GARAGE +

Offered for sale with vacant possession, no onward chain, a rarely available three bedroom semi detached house with great scope for modernisation and improvement with off road parking, a car port and garage. The property would make an ideal first time project or buy to let investment and is a blank canvas ready for the successful purchaser to put their own stamp on it.

AGENTS NOTE In accordance with the Estate Agents act 1979, we must declare, the Vendor of this property is a member of staff at Diamond Mills & Co.

COUNCIL TAX BAND Band C.

ENERGY PERFORMANCE CERTIFICATE The current EPC rating is D(56) with a potential of B(83) which is valid until 3rd April 2034.