2 Bed Flat, Single Let, Felixstowe, IP11 7EJ, £500,000

Chevalier Road, Felixstowe, IP11 7EJ - a month ago

Leasehold
BTL
~119 m²
+14 photos

ValuationOvervalued

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

 

 

Square Metres

~118.73 m²
Price/m²£4.2K/m²

Value Estimate

£320,067

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£41,200

Total Cash In

£166,200

 

 

Cash Out

 

Rent Range

£675 - £1,400

Rent Estimate

£738

Running Costs/mo

£1,730

Cashflow/mo

£-992

Cashflow/yr

£-11,905

Gross Yield

2%

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 
£155K12/200.28 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£280K03/210.32 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£335K11/210.34 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£230K01/230.4 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£315K12/200.4 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/200.4 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/200.4 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£174K03/230.46 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.46 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.46 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.46 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£142.5K12/220.57 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£420K06/210.65 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/200.65 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£135K11/220.7 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£159K11/220.89 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£115K01/231.02 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2
£86K03/211.23 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/221.23 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/231.23 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2

Local Rents

21 rents from £675/mo to £1.4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£67504/250.06 mi-2
£90005/240.11 miCobbold Road, Felixstowe2
£97505/240.11 miCobbold Road, Felixstowe2
£1,02505/240.11 miConstable Road, Felixstowe2
£90006/240.11 miRanelagh Court, Felixstowe2
£95004/250.14 mi-2
£90010/240.19 mi-2
£1,35006/240.28 miQuarndon House, Leopold Road2
£81504/240.33 mi-2
£95004/240.34 miHigh Beach, Felixstowe2
£80005/240.37 miQueens Road, Felixstowe2
£1,40004/240.4 miBeach Place, Felixstowe2
£95010/240.41 mi-2
£87505/240.42 miWolsey Gardens, Felixstowe2
£89505/240.44 miWolsey Gardens, Felixstowe, Suffolk, IP112
£90005/240.46 miTower Road, Felixstowe2
£90006/240.46 miTower Road, Felixstowe2
£1,20005/240.47 miHigh Road East, Felixstowe2
£85004/240.58 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,30010/240.58 mi-2
£1,15009/230.61 mi-2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.42 miles away

Nearest school

0.50 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £500,000

March 5, 2025

Floor Plans

Description

  • No Onward Chain +
  • Balcony with uninterrupted sea views +
  • Allocated parking +
  • Open plan Living/kitchen/dining room +
  • Master bedroom with ensuite +
  • Bathroom +

Vikings Estate Agents are pleased to offer 'For Sale' this two bedroom apartment, situated on the fourth floor of Cliff House with exceptional panoramic sea views. Cliff house was built in 1906 as a fine sea front hotel and was converted in 2018 into exceptional apartments. This particular apartment faces South overlooking the sea and Spa Gardens. The apartment is ideally located for both the town and sea front.

Communal Security Entrance Door: With stairs and lift leading to fourth floor apartment.

Flat Entrance Door Leading to:-

Hallway: An "L" shaped hall leading to the bedroom, bathroom and living room. There is a built in storage cupboard in the hall, a panel heater, an entry phone system and the consumer unit.

Open Plan Living/kitchen/dining Room: 24'8" x 22'2" (7.52m x 6.76m), Open plan living/kitchen/dining room with oak flooring. There is a good sized dining area and a seating area. Kitchen area has a range of fitted wall and base units and an island unit with quartz granite work surfaces. One and a half bowel sink unit. Within the kitchen area, there is a range of appliances including ceramic hob with hood over, double oven, fridge/freezer, dish washer and washing machine. Built in cupboard housing the electric boiler and the hot water cylinder. There are three radiators in this room. With steps that lead up to the door to the balcony.

Balcony: With uninterrupted sea views. The balcony has a composite floor and iron railings

Bedroom One: 12'4" x 8'4" (3.76m x 2.54m), With a range of fitted wardrobes along one wall. Radiator. Double glazed window offering Sea Views. Fitted carpet.

Ensuite Bathroom: Fitted with a three piece suite comprising panel bath with shower over, vanity unit with wash basin. Low level W.C. Heated towel rail/radiator. Fully tiled walling and flooring.

Bedroom Two: 12'10" x 10'0" (3.91m x 3.05m), With fitted wardrobes, radiator and double glazed window with sea views. Fitted carpet.

Shower Room: Fitted with a three piece suite comprising shower cubicle, low level WC and vanity unit with wash basin. Heated towel rail/radiator. Fully tiled walling and flooring.

Storage Cupboard: Situated on the ground floor.

Allocated Parking Space

Notes: THE LEASE - The remainder of a 125 years commencing 1st January 2018.

Service Charge - Approximately £4,000 per annum.

Please note that there is currently and enforcement notice held against Cliff House by Suffolk Fire & Rescue further details can be provided upon request.

Agent Details

Vikings Estate Agents, Felixstowe

01394 332429

Next Steps?

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