2 Bed Terraced House, Refurb/BRRR, Felixstowe, IP11 2UF, £170,000

48 Melford Way, Felixstowe, IP11 2UF - a month ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£123.5K - £475K
Sold Prices/m²£1.7K/m² - £5.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£170,000

 

 

End Value (After Refurb)

£201,931

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£31,827

Bridging Loan Interest

£4,463

Total Cash In

£90,240

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,931

Mortgage (After Refinance)

£151,448

Mortgage LTV

75%

Cash Released

£23,948

Cash Left In

£66,292

Equity

£50,483

Rent Range

£700 - £1,350

Rent Estimate

£955

Running Costs/mo

£842

Cashflow/mo

£113

Cashflow/yr

£1,356

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £123.5K to £475K, average is £205K. £1.7K/m² to £5.6K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£185K12/200.1 mi26, Chelsworth Road, Felixstowe, Suffolk IP11 2UD2
£172K05/210.1 mi14, Chelsworth Road, Felixstowe, Suffolk IP11 2UD2
£205K04/230.13 mi42, Nayland Road, Felixstowe, Suffolk IP11 2XP2
£180K09/210.13 mi41, Nayland Road, Felixstowe, Suffolk IP11 2XP2
£225K03/230.15 mi32, Chelsworth Road, Felixstowe, Suffolk IP11 2UP2
£183K11/200.17 mi4, Thurston Court, Felixstowe, Suffolk IP11 2YE2
£260K05/230.23 mi13, Newbourne Gardens, Felixstowe, Suffolk IP11 2PW2
£236K12/220.29 mi1, Larksway, Felixstowe, Suffolk IP11 2PN2
£325K11/220.3 mi26, Dovedale, Felixstowe, Suffolk IP11 2PL2
£220.8K07/210.3 mi26, Philip Avenue, Felixstowe, Suffolk IP11 2PP2
£330K08/230.3 mi50, Haven Close, Felixstowe, Suffolk IP11 2LF2
£179K03/210.36 mi129, Grange Road, Felixstowe, Suffolk IP11 2LE2
£123.5K02/230.37 mi19, Blyford Way, Felixstowe, Suffolk IP11 2FW2
£161.2K05/210.37 mi66, Blyford Way, Felixstowe, Suffolk IP11 2FW2
£225K05/210.39 mi93, Mill Lane, Felixstowe, Suffolk IP11 2LN2
£208K03/230.39 mi75, Philip Avenue, Felixstowe, Suffolk IP11 2PJ2
£270K12/220.4 mi140, Mill Lane, Felixstowe, Suffolk IP11 2LL2
£220K06/230.46 mi2, Brightwell Close, Felixstowe, Suffolk IP11 2YJ2
£175K12/200.47 mi1, Shotley Close, Felixstowe, Suffolk IP11 2NG2
£190K09/210.51 mi11, Holbrook Crescent, Felixstowe, Suffolk IP11 2NE2
£215K01/230.55 mi52, Cricket Hill Road, Felixstowe, Suffolk IP11 2LG2
£178.5K12/200.57 mi44, Cricket Hill Road, Felixstowe, Suffolk IP11 2LG2
£160K12/200.6 mi40, Rendlesham Road, Felixstowe, Suffolk IP11 2YP2
£195K07/210.6 mi3, Rendlesham Road, Felixstowe, Suffolk IP11 2YP2
£195K07/210.6 mi3, Rendlesham Road, Felixstowe, Suffolk IP11 2YP2
£475K12/220.66 mi51, Mill Lane, Felixstowe, Suffolk IP11 2NL2
£290K03/230.66 mi46a, Mill Lane, Felixstowe, Suffolk IP11 2NL2
£194K10/200.67 mi17, Grange Close, Felixstowe, Suffolk IP11 2JF2
£230K10/220.67 mi18, Runnacles Way, Felixstowe, Suffolk IP11 2FE2
£181K07/210.69 mi13, Levington Road, Felixstowe, Suffolk IP11 2EX2
£187.3K07/210.69 mi6, Levington Road, Felixstowe, Suffolk IP11 2EX2
£205K11/200.71 mi24, Winston Close, Felixstowe, Suffolk IP11 2FA2
£205K11/200.71 mi24, Winston Close, Felixstowe, Suffolk IP11 2FA2
£315K02/210.71 mi2a, Chaucer Road, Felixstowe, Suffolk IP11 7RS2
£280K06/210.71 mi10, Chaucer Road, Felixstowe, Suffolk IP11 7RS2
£235K02/210.75 mi35, Beach Road West, Felixstowe, Suffolk IP11 2BL2
£325K06/210.75 mi15, Goyfield Avenue, Felixstowe, Suffolk IP11 7RX2
£237K05/210.75 mi9, Lawn Way, Felixstowe, Suffolk IP11 7TG2
£205K12/200.75 mi17, Lawn Way, Felixstowe, Suffolk IP11 7TG2
£176K02/210.76 mi36, Cavendish Road, Felixstowe, Suffolk IP11 2AR2
£360K09/210.76 mi17, Riby Road, Felixstowe, Suffolk IP11 7QB2
£152.5K04/210.79 mi151, Maidstone Road, Felixstowe, Suffolk IP11 9EQ2
£240K12/220.81 mi183, Maidstone Road, Felixstowe, Suffolk IP11 9EQ2
£166K11/200.81 mi157, Maidstone Road, Felixstowe, Suffolk IP11 9EQ2
£255K11/220.93 mi8, Kemsley Road, Felixstowe, Suffolk IP11 9AP2
£178K06/210.95 mi6, Maidstone Road, Felixstowe, Suffolk IP11 9ED2
£179K01/210.96 mi75, Maidstone Road, Felixstowe, Suffolk IP11 9EE2
£179K01/210.96 mi75, Maidstone Road, Felixstowe, Suffolk IP11 9EE2
£189K06/210.96 mi89, Maidstone Road, Felixstowe, Suffolk IP11 9EE2
£198K04/211 mi40, Graham Road, Felixstowe, Suffolk IP11 9BL2

Local Rents

36 rents from £700/mo to £1.4K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£95004/240.13 miNayland Road, Felixstowe2
£95005/240.13 miNayland Road, Felixstowe2
£1,00005/240.15 miChelsworth Road, Felixstowe 2
£70006/240.36 miMill Lane, Felixstowe2
£1,10005/240.51 miHolbrook Crescent, Felixstowe2
£90003/240.57 miAldringham Mews, Felixstowe, Suffolk, IP112
£90004/240.57 miAldringham Mews, Felixstowe2
£85004/240.66 miThe Downs, Felixstowe2
£1,05004/240.67 miRunnacles Way, Felixstowe2
£82006/240.72 miBredfield Close, Felixstowe2
£87504/240.74 mi-2
£92509/230.74 mi-2
£90004/250.74 mi-2
£89506/240.77 miBeach Station Road, Felixstowe2
£89506/240.77 miRussell Court, Felixstowe2
£87505/240.82 miMargaret Street, Felixstowe, IP112
£1,05005/240.83 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£1,25005/240.83 miSea Road, Felixstowe2
£1,15009/230.84 mi-2
£1,30010/240.85 mi-2
£85004/240.85 miMelrose House, Granville Road, Felixstowe, Suffolk, IP112
£90005/240.88 miTower Road, Felixstowe2
£90006/240.88 miTower Road, Felixstowe2
£99505/240.91 miWalton Hall Drive, Felixstowe2
£99506/240.91 miWalton Hall Drive, Felixstowe2
£89505/240.95 miWolsey Gardens, Felixstowe, Suffolk, IP112
£87505/240.95 miWolsey Gardens, Felixstowe2
£95010/240.96 mi-2
£87512/230.96 mi-2
£80005/240.97 miQueens Road, Felixstowe2
£1,00006/241.01 miLongcroft, Felixstowe2
£81504/241.03 mi-2
£95005/241.06 miHigh Street, Felixstowe2
£95006/241.06 miHigh Street, Felixstowe2
£1,35006/241.07 miQuarndon House, Leopold Road2
£95004/251.22 mi-2

Local Area Statistics

Population in IP11

29,290

Population in Felixstowe

29,294

Town centre distance

1.05 miles away

Nearest school

0.40 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 £170,000

March 14, 2025

Floor Plans

Description

  • TWO BEDROOM +
  • IN NEED OF MODERNISATION +
  • IDEAL FIRST HOME OR INVESTMENT +
  • GARAGE +
  • NO ONWARD CHAIN +
  • END OF TERRACE HOUSE +
  • LOCATED ON CAVENDISH PARK +
  • LOCATED NEAR MAJOR SUPERMARKET, DOCTORS SURGERY & PHARMACY +
  • VIEWING HIGHLY RECOMMENDED +

In addition to the two bedrooms the property benefits from a south facing low maintenance rear garden and a garage located in a block.

The accommodation in brief comprises; entrance porch, lounge, kitchen/diner and conservatory. On the first floor are two bedrooms and bathroom.

The property is conveniently located within close proximity to a major supermarket, doctors surgery and pharmacy. Links to the A14 are also nearby.

With the property in need of modernisation, a viewing is highly recommended to appreciate the potential on offer.

 

UPVC ENTRANCE DOOR Opening into :- 

ENTRANCE PORCH 5' 8" x 2' 5" (1.73m x 0.74m) Obscured window to side aspect, meters cupboard, door to :- 

LOUNGE 13' 8" x 11' 5" (4.17m x 3.48m) Electric storage radiator, TV point, window to front aspect, stairs leading to the first floor. Double width opening into :- 

KITCHEN 13' 8" x 9' 3" (4.17m x 2.82m) Fitted worktops with storage units above and matching storage units and drawers below, stainless steel one and a half bowl sink unit with mixer tap and single drainer, integrated eye level double oven, five ring electric hob with cooker hood above, space and plumbing available for both a washing machine and a dishwasher, gas fire, window to rear aspect and door to :- 

CONSERVATORY 10' 7" x 8' 3" (3.23m x 2.51m) Double glazed windows and patio doors overlooking rear garden.  

FIRST FLOOR LANDING Study area with fitted desk and shelves above, airing cupboard and doors to :- 

BEDROOM ONE 13' 8" into the wardrobe x 8' 3" (4.17m x 2.51m) Window to front aspect, fitted wardrobes with sliding doors, shower cubicle with electric shower over. 

BEDROOM TWO 9' 3" x 8' 1" (2.82m x 2.46m) Window to rear aspect, access to loft space. 

BATHROOM 5' 6" x 5' 4" (1.68m x 1.63m) Avocado suite comprising low level WC, hand wash basin, panelled bath with mixer tap and tiled surround, electric heated towel rail, extractor, obscured window to rear aspect.  

REAR GARDEN South facing rear garden which is relatively low maintenance as there is a patio throughout, enclosed by fencing, storage shed, side access gate.  

GARAGE Situated in a block, pitched roof garage with up and over door.  

COUNCIL TAX Band 'B'

Agent Details

ScottBeckett, Felixstowe

01394 331688

Next Steps?

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