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See how verdicts work2-bedroom flat · IP11 7NY
Sold STCListed 65 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In addition to the two bedrooms the apartment benefits from allocated off road parking, a balcony with sea views, modern kitchen and a modern shower room.
The accommodation in brief comprises entrance hall, lounge/diner with balcony, kitchen, two bedrooms and a shower room, heating is supplied in the form of gas fired central heating to radiators and windows are of double glazed construction.
Further benefits include a share of the Freehold with the remainder of a very long lease. A viewing is highly recommended to appreciate the modern accommodation on offer.
COMMUNAL ENTRANCE DOOR With intercom entry security system. STAIRS WITH ACCESS TO ALL FLOORS Apartment 6 is located on the second floor.
ENTRANCE DOOR Opening into :- ENTRANCE HALLWAY 13' 9" x 3' 2" (4.19m x 0.97m) Laminate flooring, access to loft space, which is partially boarded, loft ladder.
Doors to :- LOUNGE/DINER 17' 9" x 13' 8" (5.41m x 4.17m) Two radiators, TV point, phone entry system, small bay window to side aspect, windows and door to front aspect opening out onto :- BALCONY Wrought iron railings and sea views to side aspect.
KITCHEN 9' 10" x 7' 11" (3m x 2.41m) Modern re-fitted kitchen comprising fitted worktops with white high gloss storage units above and matching storage units and drawers below, ceramic sink unit with mixer tap and single drainer, space and plumbing available for a washing machine, integrated fridge/freezer, integrated dishwasher, electric oven with four ring induction hob and cooker hood above, laminate flooring, under cabinet lighting, cupboard housing combination boiler and double glazed sash window to side aspect.
BEDROOM ONE 13' 5" x 9' 6" (4.09m x 2.9m) Radiator, double glazed sash windows to front aspect with sea view to side aspect.
BEDROOM TWO 9' 6" x 9' (2.9m x 2.74m) Radiator, velux window to rear aspect.
SHOWER ROOM 8' 11" x 5' 2" (2.72m x 1.57m) Modern re-fitted suite comprising low level WC, vanity wash hand basin with storage cupboard below, walk in shower enclosure with twin shower head over, fully tiled walls, vinyl flooring, heated towel rail, extractor, fitted storage cupboard.
OUTSIDE The apartment benefits from one allocated off road parking space.
TENURE - LEASEHOLD - WITH SHARE OF FREEHOLD We understand from the current owners that there is the remainder of a 999 year lease.
SERVICE CHARGE We understand from the current owner that the service charge is £160 a month. COUNCIL TAX Band 'B'
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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FAQ
About Edward Cordy House, Orwell Road, Felixstowe
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