10 Bed HMO, Felixstowe, IP11 2DE, £650,000

16 Buregate Road, Felixstowe, Suffolk, IP11 2DE - 17 days ago

HMO
~310 m²
+17 photos

ValuationUndervalued

Sold Prices£200K - £830K
Sold Prices/m²£1.9K/m² - £4.1K/m²

 

 

Square Metres

~310 m²
Price/m²£2.1K/m²

Value Estimate

£780,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Total Cash In

£203,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£3,750

Running Costs/mo

£3,929

Cashflow/mo

£-179

Cashflow/yr

£-2,152

Gross Yield

7%

Local Sold Prices

39 sold prices from £200K to £830K, average is £342.5K. £1.9K/m² to £4.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£400K08/210 mi4, Buregate Road, Felixstowe, Suffolk IP11 2DE4
£200K02/210.05 mi35, Langer Road, Felixstowe, Suffolk IP11 2BN4
£230K05/230.18 mi5, Manning Road, Felixstowe, Suffolk IP11 2AS4
£295K09/210.26 mi2, Lincoln Terrace, Felixstowe, Suffolk IP11 7QA4
£262.5K03/230.28 mi19, Beach Station Road, Felixstowe, Suffolk IP11 2DR4
£336K10/200.37 mi3, Orford Road, Felixstowe, Suffolk IP11 2DY4
£342.5K06/210.41 mi37, Garrison Lane, Felixstowe, Suffolk IP11 7RR4
£450K10/200.48 mi113, Undercliff Road West, Felixstowe, Suffolk IP11 2AF4
£350K11/200.55 mi4, Goyfield Avenue, Felixstowe, Suffolk IP11 7RX4
£460K05/230.57 mi94, Garrison Lane, Felixstowe, Suffolk IP11 7RQ4
£330K11/200.6 mi17, Newry Avenue, Felixstowe, Suffolk IP11 7RZ4
£416K12/200.61 mi32, Princes Road, Felixstowe, Suffolk IP11 7QZ4
£399K03/230.63 mi41, Glemsford Close, Felixstowe, Suffolk IP11 2UQ4
£370K06/230.63 mi47, Glemsford Close, Felixstowe, Suffolk IP11 2UQ4
£325K01/230.63 mi13, Manor Terrace, Felixstowe, Suffolk IP11 2EN4
£230K11/200.63 mi15, Manor Terrace, Felixstowe, Suffolk IP11 2EN4
£230K11/200.63 mi15, Manor Terrace, Felixstowe, Suffolk IP11 2EN4
£285K11/200.71 mi1, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£305K11/200.71 mi21, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£258K04/210.71 mi18, Glemsford Close, Felixstowe, Suffolk IP11 2UG4
£430K06/210.72 mi106, Garrison Lane, Felixstowe, Suffolk IP11 7RB4
£225K01/230.72 mi37, Ranelagh Road, Felixstowe, Suffolk IP11 7HA4
£447.5K12/220.73 mi49, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£350K03/210.73 mi83, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£353K12/200.73 mi93, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£460K12/220.73 mi87, Valley Walk, Felixstowe, Suffolk IP11 7TD4
£300K08/210.73 mi158, Chelsworth Road, Felixstowe, Suffolk IP11 2UJ4
£360K09/210.73 mi88, Chelsworth Road, Felixstowe, Suffolk IP11 2UJ4
£450K05/230.76 miAmberness, 1, Lawn Way, Felixstowe, Suffolk IP11 7TG4
£345K03/210.79 mi30, Cobbold Road, Felixstowe, Suffolk IP11 7HZ4
£340K07/230.81 mi1, Ickworth Court, Felixstowe, Suffolk IP11 2XL4
£290K01/210.85 mi1, Brandon Road, Felixstowe, Suffolk IP11 2XS4
£310K12/200.87 mi1, Hall Pond Way, Felixstowe, Suffolk IP11 2JP4
£257.5K05/210.91 mi132, High Road West, Felixstowe, Suffolk IP11 9AL4
£830K01/230.94 miCambroun, 1, Candlet Grove, Felixstowe, Suffolk IP11 9HZ4
£390K03/230.94 mi49, Seaton Road, Felixstowe, Suffolk IP11 9BS4
£345K11/220.96 mi70, Constable Road, Felixstowe, Suffolk IP11 7HN4
£365K08/210.96 mi30, High Road West, Felixstowe, Suffolk IP11 9JB4
£300K07/210.97 mi36, Quilter Road, Felixstowe, Suffolk IP11 7JJ4

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £650,000

February 26, 2025

Floor Plans

Description

  • SUBSTANTIAL FORMER GUEST HOUSE +
  • APPROX 2914 SQ FT +
  • EXCELLENT CONDITION +
  • GAS FIRED CENTRAL HEATING BOILERS +
  • 3 KITCHENS +
  • CLOSE TO THE BEACH +
  • IDEAL HMO INVESTMENT +
  • VIEWING ADVISED +
  • 10 BEDROOMS +
  • 8 BATHROOMS +

A Rare & Exciting Investment Opportunity!

This is a fantastic chance to acquire a well-maintained and beautifully presented 10-bedroom property with huge commercial potential! Currently used as a private home, this spacious property is being sold exclusively as a commercial premises with C1 use, making it an ideal opportunity for those looking to establish or expand a guest house business or create a ready-to-let HMO (House of Multiple Occupation).

With its impressive size, excellent condition, and prime location, this property is perfectly suited for a seamless transition into a thriving guest house or investment rental. Please note that due to its commercial classification, this property is not available for purchase with a residential mortgage.

Opportunities like this are rare! Whether you're an investor looking to maximize rental income or an entrepreneur eager to step into the hospitality industry, this property offers endless possibilities. Contact us today to arrange a viewing and unlock its full potential!
 

COUNCIL TAX BAND  

SERVICES There is mains water and drainage connected to the property. Also, there is mains power and mains gas connected to the building.  

ENERGY PERFORMANCE CERTIFICATE  

IMPORTANT NOTES Bulimba Guest House has not been operating as a Guest House for the last two years due to ill health, however, prior to closing down, there was high demand for accommodation so close to the sea front of Felixstowe. 

VIEWING Strictly by appointment with the Vendors' sole agent, Diamond Mills & Co. Please note, there is a virtual tour available upon request.

Agent Details

Diamond Mills & Co, Felixstowe

01394 331695

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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