2 Bed Flat, Single Let, Felixstowe, IP11 9BH, £160,000

The House Martins, Cage Lane, Felixstowe, IP11 9BH - a month ago

Leasehold

BTL

ROI: 4%

~68 m²

+1 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£183,610£183,610
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£49,900£49,900

Cash Out
Rent Range	£820 - £1,100£820 - £1,100
Rent Estimate	£863
Running Costs/mo	£693£693
Cashflow/mo	£170£170
Cashflow/yr	£2,045£2,045
ROI	4%4%
Gross Yield	6%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£159K	11/22	0.02 mi	Flat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH	-	-	2	Flat
£142.5K	12/22	0.32 mi	73a, High Road West, Felixstowe, Suffolk IP11 9AA	£1,851	77	2	Flat
£86K	03/21	0.45 mi	Flat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£110K	10/22	0.45 mi	Flat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£120K	05/23	0.45 mi	Flat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£174K	03/23	0.65 mi	11, Tower Road, Felixstowe, Suffolk IP11 7PR	£3,955	44	2	Flat
£165K	12/21	0.65 mi	67, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,750	60	2	Flat
£187.5K	05/21	0.65 mi	45, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,604	72	2	Flat
£190K	01/23	0.65 mi	40, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,969	64	2	Flat
£230K	01/23	0.66 mi	16, St Johns Court, Felixstowe, Suffolk IP11 7SG	£3,594	64	2	Flat
£280K	03/21	0.68 mi	52, Tomline Road, Felixstowe, Suffolk IP11 7PA	£2,642	106	2	Flat
£155K	12/20	0.76 mi	Flat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY	£2,407	64	2	Flat
£135K	11/22	0.91 mi	7a, Langer Road, Felixstowe, Suffolk IP11 2BT	£2,100	64	2	Flat
£335K	11/21	1.06 mi	9a, High Beach, Felixstowe, Suffolk IP11 7LE	£2,839	118	2	Flat
£315K	12/20	1.13 mi	Flat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£280K	11/20	1.13 mi	Flat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£285K	10/20	1.13 mi	Flat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£115K	01/23	1.27 mi	Flat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR	-	-	2	Flat
£420K	06/21	1.31 mi	Apartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£400K	11/20	1.31 mi	Apartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat

Local Rents

13 rents from £820/mo to £1.1K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£875	12/23	0.03 mi	-	2	Terraced House
£950	05/24	0.07 mi	High Street, Felixstowe	2	Semi-Detached House
£950	06/24	0.07 mi	High Street, Felixstowe	2	Semi-Detached House
£875	05/24	0.17 mi	Margaret Street, Felixstowe, IP11	2	Semi-Detached House
£1,000	06/24	0.27 mi	Longcroft, Felixstowe	2	Terraced House
£820	06/24	0.38 mi	Bredfield Close, Felixstowe	2	Terraced House
£995	05/24	0.44 mi	Walton Hall Drive, Felixstowe	2	Terraced House
£995	06/24	0.44 mi	Walton Hall Drive, Felixstowe	2	Terraced House
£1,100	05/24	0.49 mi	Holbrook Crescent, Felixstowe	2	Bungalow
£1,050	04/24	0.51 mi	Runnacles Way, Felixstowe	2	Semi-Detached House
£900	03/24	0.56 mi	Aldringham Mews, Felixstowe, Suffolk, IP11	2	Terraced House
£900	04/24	0.56 mi	Aldringham Mews, Felixstowe	2	Terraced House
£850	04/24	0.58 mi	The Downs, Felixstowe	2	Terraced House

Local Area Statistics

Population in IP11	29,29029,290
Population in Felixstowe	29,29429,294
Town centre distance	0.48 miles away0.48 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 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 £160,000

February 24, 2025

Description

Ideal For First Time Buyers +
Ground Floor +
Close to Walton High Street +
Electric Central Heating Via Radiator +
No Onward Chain +

A rarely available two bedroom purpose built ground floor flat close to the Walton High Street and approximately 1.5 miles from Felixstowe Town Centre. The accommodation comprises, entrance hall, bathroom, two bedrooms, lounge and kitchen. The property benefits an electric central heating system via radiator, 1 allocated parking space and is offered with no onward chain.

Agent Details

Nicholas Estates, Felixstowe

01394 331588

Next Steps?

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ValuationUndervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Description

Agent Details

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