2 Bed Flat, Single Let, Felixstowe, IP11 2AU, £110,000

Leasehold

Auction

BTL

ROI: 9%

~68 m²

+2 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.6K/m²
Value Estimate	£132,000£132,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£6,700£6,700
Total Cash In	£34,200£34,200

Cash Out
Rent Range	£700 - £1,350£700 - £1,350
Rent Estimate	£763
Running Costs/mo	£516£516
Cashflow/mo	£247£247
Cashflow/yr	£2,960£2,960
ROI	9%9%
Gross Yield	8%8%

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
£135K	11/22	0.13 mi	7a, Langer Road, Felixstowe, Suffolk IP11 2BT	£2,100	64	2	Flat
£174K	03/23	0.29 mi	11, Tower Road, Felixstowe, Suffolk IP11 7PR	£3,955	44	2	Flat
£165K	12/21	0.29 mi	67, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,750	60	2	Flat
£187.5K	05/21	0.29 mi	45, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,604	72	2	Flat
£190K	01/23	0.29 mi	40, Tower Road, Felixstowe, Suffolk IP11 7PR	£2,969	64	2	Flat
£230K	01/23	0.32 mi	16, St Johns Court, Felixstowe, Suffolk IP11 7SG	£3,594	64	2	Flat
£155K	12/20	0.34 mi	Flat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY	£2,407	64	2	Flat
£280K	03/21	0.36 mi	52, Tomline Road, Felixstowe, Suffolk IP11 7PA	£2,642	106	2	Flat
£115K	01/23	0.45 mi	Flat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR	-	-	2	Flat
£142.5K	12/22	0.73 mi	73a, High Road West, Felixstowe, Suffolk IP11 9AA	£1,851	77	2	Flat
£335K	11/21	0.93 mi	9a, High Beach, Felixstowe, Suffolk IP11 7LE	£2,839	118	2	Flat
£159K	11/22	0.93 mi	Flat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH	-	-	2	Flat
£315K	12/20	0.99 mi	Flat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£280K	11/20	0.99 mi	Flat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£285K	10/20	0.99 mi	Flat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW	-	-	2	Flat
£86K	03/21	1.03 mi	Flat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£110K	10/22	1.03 mi	Flat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£120K	05/23	1.03 mi	Flat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA	-	-	2	Flat
£420K	06/21	1.23 mi	Apartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat
£400K	11/20	1.23 mi	Apartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH	-	-	2	Flat

Local Rents

22 rents from £700/mo to £1.4K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	10/24	0.01 mi	-	2	Flat
£850	04/24	0.01 mi	Melrose House, Granville Road, Felixstowe, Suffolk, IP11	2	Flat
£1,150	09/23	0.03 mi	-	2	Flat
£1,050	05/24	0.05 mi	Melrose House, Granville Road, Felixstowe, Suffolk, IP11	2	Flat
£1,250	05/24	0.07 mi	Sea Road, Felixstowe	2	Flat
£875	04/24	0.11 mi	-	2	Flat
£925	09/23	0.11 mi	-	2	Flat
£900	03/25	0.11 mi	-	2	Flat
£895	05/24	0.15 mi	Wolsey Gardens, Felixstowe, Suffolk, IP11	2	Flat
£875	05/24	0.18 mi	Wolsey Gardens, Felixstowe	2	Flat
£950	09/24	0.18 mi	-	2	Flat
£800	05/24	0.25 mi	Queens Road, Felixstowe	2	Flat
£900	05/24	0.29 mi	Tower Road, Felixstowe	2	Flat
£900	06/24	0.29 mi	Tower Road, Felixstowe	2	Flat
£1,350	06/24	0.33 mi	Quarndon House, Leopold Road	2	Flat
£815	04/24	0.42 mi	-	2	Flat
£895	06/24	0.45 mi	Beach Station Road, Felixstowe	2	Flat
£895	06/24	0.45 mi	Russell Court, Felixstowe	2	Flat
£900	06/24	0.55 mi	Ranelagh Court, Felixstowe	2	Flat
£700	06/24	0.58 mi	Mill Lane, Felixstowe	2	Flat
£900	05/24	0.59 mi	Cobbold Road, Felixstowe	2	Flat
£975	05/24	0.59 mi	Cobbold Road, Felixstowe	2	Flat

Local Area Statistics

Population in IP11	29,29029,290
Population in Felixstowe	29,29429,294
Town centre distance	0.57 miles away0.57 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.72 miles away0.72 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 £110,000

February 28, 2025

Floor Plans

Description

Guide £110,000-£120,000 +
For Sale By Auction +
Direct Sea Views +
Allocated Parking Space +
11:00am, Wednesday 26th March 2025 - Visit East Anglia Auction Centre to Register +

Guide £110,000-£120,000 - FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 26th MARCH 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT AUCTION HOUSE EAST ANGLIA'S WEBSITE
A well proportioned top floor flat with stunning sea views. Situated directly facing the promenade and with outstanding views of the pier and North Sea is this 2nd (top) floor flat together with an allocated parking space. The accommodation comprises, entrance hall, lounge/diner with direct sea views and access to bedroom 2, kitchen, shower room and bedroom 1 with built in wardrobes. Suited to a long term let investment or as a delightful residential home this is a rare opportunity to buy in such a wonderful location and shouldn't be missed. Viewing Open Viewings have been scheduled as follows: Fri 7th March - 10.00am to 10.30am Thurs 13th March - 3.00pm to 3.30pm Tues 18th March - 1.00pm to 1:30pm

BOOKING AN APPOINTMENT IS ESSENTIAL.

Agent Details

Nicholas Estates, Felixstowe

01394 331588

Next Steps?

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

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