2 Bed Flat, Single Let, Felixstowe, IP11 2EP, £160,000

156-158 Hamilton Road, Felixstowe, Suffolk, IP11 7DS - a month ago

Leasehold
BTL
ROI: 4%
~68 m²
+11 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
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Rent Range

£850 - £1,300

Rent Estimate

£880

Running Costs/mo

£696

Cashflow/mo

£184

Cashflow/yr

£2,208

ROI

4%

Gross Yield

7%

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 
£115K01/230.06 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2
£135K11/220.42 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£174K03/230.75 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.75 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.75 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.75 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£230K01/230.79 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£155K12/200.81 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£280K03/210.83 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£142.5K12/221.18 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£86K03/211.3 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/221.3 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/231.3 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£159K11/221.33 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£335K11/211.35 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£315K12/201.41 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/201.41 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/201.41 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£420K06/211.64 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/201.64 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2

Local Rents

11 rents from £850/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£89506/240.06 miBeach Station Road, Felixstowe2
£89506/240.06 miRussell Court, Felixstowe2
£1,25005/240.4 miSea Road, Felixstowe2
£1,05005/240.42 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,15009/230.44 mi-2
£87504/240.47 mi-2
£92509/230.47 mi-2
£90003/250.47 mi-2
£85004/240.48 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,30010/240.48 mi-2
£89505/240.61 miWolsey Gardens, Felixstowe, Suffolk, IP112

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £160,000

February 28, 2025

Floor Plans

Description

  • Allocated Off Road Parking +
  • Uninterrupted Sea Views +
  • 2 Bedrooms +
  • No onward chain +

With stunning, unobstructed sea views and in exceptionally well-kept condition, this two-bedroom first-floor apartment is perfectly priced as a first-time home, a seaside property, or an investment. Felixstowe's award-winning beaches are just across the road, with a variety of cafés, restaurants, and popular attractions all within walking distance. The property benefits from private allocated parking, additional visitor parking spaces, and a secure telephone entry system. The spacious lounge/diner and both bedrooms offer clear sea views. Early viewing is highly recommended.

Property additional info

Communal entrance:
Main entrance door to the building with telephone entry system, leads into the communal hallway with stairs to the upper floors.

Entrance lobby:
The apartment is located on the first floor, a lockable glazed door leads into an internal entrance lobby, which is shared with one other neighbour.

Hallway:
The front door of the property leads into the fully carpeted hallway, with wall mounted electric heater, built-in storage cupboard, and doors to:

Lounge: 5.15m x 3.22m (16' 11" x 10' 7")
Window to front aspect with gorgeous unobstructed views of the sea, feature fireplace, carpets, feature light fitting, coving to ceiling, cupboard housing the hot water cylinder, and door to:

Kitchen: 3.21m x 2.20m (10' 7" x 7' 3")
Wood-effect laminate worktops with a built-in single drainer stainless steel sink and mixer tap. Space for a cooker, washing machine, and fridge freezer. A range of eye-level and floor-level cupboards and drawers. Tiled splashback, vinyl flooring, and a window to the rear aspect.

Bedroom one: 2.70m x 2.98m (8' 10" x 9' 9") to front of wardrobe
Window to front aspect with unobstructed sea views, built-in wardrobe with wood effect sliding doors, feature light fitting, carpet.

Bedroom two: 3.50m x 2.03m (11' 6" x 6' 8")
Window to front aspect with clear unobstructed sea views, feature light fitting, carpet.

Shower room: 1.92m x 1.63m (6' 4" x 5' 4")
Window to rear aspect, walk-in shower with thermostatically controlled shower mixer tap, vanity unit with hand wash basin, WC, fully tiled walls, vinyl flooring, electric towel radiator.

Additional Information:
Wainwrights Estate & Lettings Agent Ltd. Co No. 14699401. Trading Address: 156-158 Hamilton Road, Felixstowe, Suffolk, IP11 7DS. Misrepresentation Act 1967 and Property Misrepresentations Act 1991. This advertisement or these particulars do not constitute any part of an offer or contract. All measurements are given as a guide, and no liability can be accepted for any errors arising from them. No responsibility is taken for any other error, omission, or misstatement in these particulars, nor for any expenses incurred by the applicants for whatever reason. No representation or warranty is made in relation to this property, whether in these particulars, during negotiations, or otherwise. Intending purchasers will be asked to produce identification documentation and proof of funds at a later stage. Wainwrights has not sought to verify the legal title of the property, and the buyers must obtain verification from their solicitor. Council tax band B. April 2024 - 31st March 2025: £1,639.55. 79 years left on the lease. Ground rent: £58 per annum. Building Insurance: £350 per annum, Communal monthly charges of £19.50. No service charge

Roof type: Flat.

Flooded in the last 5 years: No.

Construction materials used: Brick and block.

Water source: Direct mains water.

Electricity source: National Grid.

Sewerage arrangements: Standard UK domestic.

Parking Availability: Yes.

Agent Details

Wainwrights Estate & Lettings Agent Ltd, Felixstowe

01394 331172

Next Steps?

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