2 Bed Flat, Single Let, Felixstowe, IP11 2LU, £162,500

Wadgate Road, Felixstowe, IP11 2LU - 24 days ago

Leasehold
BTL
ROI: 3%
~68 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£183,610
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,625

Stamp Duty & Legal Fees

£10,075

Total Cash In

£50,700

 

 

Cash Out

 

Rent Range

£700 - £1,300

Rent Estimate

£820

Running Costs/mo

£692

Cashflow/mo

£128

Cashflow/yr

£1,538

ROI

3%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£86K03/210.43 miFlat 17, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£110K10/220.43 miFlat 12, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£120K05/230.43 miFlat 26, Rowland House, Winston Close, Felixstowe, Suffolk IP11 2FA2
£174K03/230.49 mi11, Tower Road, Felixstowe, Suffolk IP11 7PR2
£165K12/210.49 mi67, Tower Road, Felixstowe, Suffolk IP11 7PR2
£187.5K05/210.49 mi45, Tower Road, Felixstowe, Suffolk IP11 7PR2
£190K01/230.49 mi40, Tower Road, Felixstowe, Suffolk IP11 7PR2
£135K11/220.54 mi7a, Langer Road, Felixstowe, Suffolk IP11 2BT2
£230K01/230.54 mi16, St Johns Court, Felixstowe, Suffolk IP11 7SG2
£159K11/220.54 miFlat 4, The House Martins, Cage Lane, Felixstowe, Suffolk IP11 9BH2
£142.5K12/220.59 mi73a, High Road West, Felixstowe, Suffolk IP11 9AA2
£280K03/210.61 mi52, Tomline Road, Felixstowe, Suffolk IP11 7PA2
£155K12/200.67 miFlat 1, Edward Cordy House, Orwell Road, Felixstowe, Suffolk IP11 7NY2
£115K01/230.83 miFlat 2, Russell Court, Beach Station Road, Felixstowe, Suffolk IP11 2DR2
£335K11/211.22 mi9a, High Beach, Felixstowe, Suffolk IP11 7LE2
£315K12/201.3 miFlat 1, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£280K11/201.3 miFlat 5, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£285K10/201.3 miFlat 2, Beach Place, Undercliff Road East, Felixstowe, Suffolk IP11 7LW2
£420K06/211.52 miApartment 6, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2
£400K11/201.52 miApartment 3, Cranmer Cliff Gardens, Maybush Lane, Felixstowe, Suffolk IP11 7NH2

Local Rents

25 rents from £700/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£70006/240.17 miMill Lane, Felixstowe2
£1,10005/240.18 miHolbrook Crescent, Felixstowe2
£1,00005/240.35 miChelsworth Road, Felixstowe 2
£87505/240.36 miMargaret Street, Felixstowe, IP112
£90003/240.38 miAldringham Mews, Felixstowe, Suffolk, IP112
£90004/240.38 miAldringham Mews, Felixstowe2
£82006/240.39 miBredfield Close, Felixstowe2
£1,05004/240.44 miRunnacles Way, Felixstowe2
£85004/240.49 miThe Downs, Felixstowe2
£90005/240.49 miTower Road, Felixstowe2
£90006/240.49 miTower Road, Felixstowe2
£87512/230.49 mi-2
£95004/240.49 miNayland Road, Felixstowe2
£95005/240.49 miNayland Road, Felixstowe2
£87504/240.52 mi-2
£92509/230.52 mi-2
£90003/250.52 mi-2
£95005/240.58 miHigh Street, Felixstowe2
£95006/240.58 miHigh Street, Felixstowe2
£81504/240.6 mi-2
£1,30010/240.61 mi-2
£85004/240.61 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£80005/240.61 miQueens Road, Felixstowe2
£99505/240.61 miWalton Hall Drive, Felixstowe2
£99506/240.61 miWalton Hall Drive, Felixstowe2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

0%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £162,500

March 12, 2025

Description

  • Gas Central Heating +
  • Double Glazing +
  • Two Bedrooms +
  • Kitchen +
  • Lounge/Diner +
  • Bathroom +
  • Conservatory +
  • Private Rear Garden +
  • Excellent First Time or Investment Purchase +

Vikings are pleased to offer 'For Sale' this two Bedroom Ground Floor Flat, situated at the rear of a mix of commercial premises comprising of shops and offices. It is situated on the western outskirts of Felixstowe with convenient access to the A14 and Port of Felixstowe Complex. Ideal First time or investment purchase. Sold with no onward chain.

Entrance Porch Into Lobby: Double glazed entrance door, work surface with space for washing machine under, tiled flooring door leading to:-

Kitchen: 10'11" x 10'3" (3.33m x 3.12m), Fitted kitchen comprising of a range base cupboards and eye level units with work surfaces and sink and drainer, wall mounted boiler serving domestic hot water and heating, tiled splash backs, space for cooker, plumbing for dishwasher, radiator recessed ceiling lighting, ceramic tiled floor, door leading to:-

Living Room: 19'4" x 15'0" (5.89m x 4.57m), Window to side, radiator, double glazed patio door leading to conservatory.

Conservatory: 9'2" x 7'5" (2.79m x 2.26m), Double glazed, tiled floor, doors leading to garden and patio.

Inner Hall: Archway from kitchen

Bedroom One: 10'6" x 11'0" (3.20m x 3.35m), Built in storage area, radiator, window to rear

Bathroom: White fitted suite comprising of panelled bath with electric shower over, pedestal wash basin, low level w.c., half tiled walling, radiator, vinyl flooring.

Bedroom Two/study: 12'0" x 5'6" (3.66m x 1.68m), Door from kitchen, radiator, window to front

Garden: The private rear garden is enclosed and laid to lawn with paved patio area, shrub and flower borders.

Note: We have been told by the vendor the lease has 121 years remaining, there is no service charge, building insurance approx £220 per annum, ground rent £50 per annum. Off road parking.

Agent Details

Vikings Estate Agents, Felixstowe

01394 332429

Next Steps?

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