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See how verdicts work2-bedroom flat · IP11 7NX
Sold STCListed 451 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional leasehold two bedroom first floor apartment with sea views. The apartment has a long lease and owns a share of the freehold.
Situated close to the Sea Front and convenient for the Town Centre. This apartment is being sold with no onward chain. ENTRANCE HALL With door to living room.
"L" SHAPED LIVING ROOM 24' 6" x 12' 3" (7.47m x 3.73m) With sea views and electric blinds. Feature red wall. Built in cupboards.
DINING AREA 13' x 12' 3" (3.96m x 3.73m) Another room with sea views and electric blinds. Glazed door to the balcony. BALCONY 11' x 5' 6" (3.35m x 1.68m) With fine sea views.
KITCHEN 10' 3" x 9' 9" (3.12m x 2.97m) Fitted with a range of Miele appliances including ovens, fridge/freezer, washing machine and tumble dryer. There is also a Neff dish washer.
The work surfaces are in Corian work surfaces and granite flooring with under floor heating. This room also has sea views.
SHOWER ROOM A fully tiled room with double shower, wash basin and low level WC. Granite flooring with under floor heating.
Other appliances include a hair dryer, heated towel rail and censored mirror cabinet. BEDROOM 15' x 12' 9" (4.57m x 3.89m) A sizeable double room with built in wardrobe cupboards and a radiator.
BEDROOM 9' 9" x 9' 9" (2.97m x 2.97m) There is a radiator in this room. AGENTS NOTE We understand that the property cannot be rented out. There is some extra storage in the basement.
SERVICE CHARGE £652.50 payable every six months. GROUND RENT Not applicable - share of freehold. TENURE The original lease has been extended by 999 years so there is a long lease.
COUNCIL TAX BAND Band C. ENERGY PERFORMANCE CERTIFICATE The current EPC rating is x with a potential of x which is valid until July 2035
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Tomline Road, Felixstowe
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