59 Chepstow Road, Felixstowe, IP11 9BX

Description

A terrace house requiring modernisation with accommodation arranged on two floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Kitchen, WC. Front Yard. Yard at Rear.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Kitchen, WC. Front Yard. Yard at Rear.

Location

Situated in a cul-de-sac off Seaton Road, close to the amenities available in Felixstowe Town Centre and travelling facilities including Felixstowe Train Station. Felixstowe Beach is also nearby.

Tenure / Property Information

Investment Analysis

The strongest directly comparable evidence is 73 Chepstow Road, a terraced freehold sold for £149,000 in 2020. Other terraced evidence on the road ranges from £90,000 in 2012 to £134,000 in 2014. The £190,000 sale at No. 61 in 2026 is a semi-detached property and is therefore only an upper-market indicator, not a direct equivalent. On the supplied evidence, a cautious GDV range is £134,000 to £190,000, with £149,000 used as the base estimate. The property requires modernisation, but its size, specification and exact works scope are not provided.

Investment Snapshot

Strategy Recommendation

Treat as a potential refurbishment-led resale or owner-occupier purchase only after confirming the condition and obtaining a full works budget. Do not rely on a rental strategy until local rent evidence is available.

Works Required

Modernisation is required according to the description. The precise works cannot be specified from the evidence; obtain inspection findings and a priced schedule before bidding. The accommodation includes three bedrooms, a bathroom/WC, kitchen, living room and ground-floor WC, with front and rear yards.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be reliably underwritten. The guide is £50,000 plus the £1,500 buyer premium, but the modernisation cost, total project cost, finance costs and achievable rent are unsupported. A 75% refinance of the £149,000 base GDV would be £111,750, but cash-left-in cannot be calculated without a supported total cost.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £1,500 inclusive-of-VAT buyer premium is known, but refurbishment costs and any applicable seller fees are unknown.

Flip Analysis

The supplied evidence indicates a base GDV of £149,000, with a cautious range of £134,000 to £190,000. However, refurbishment cost, selling costs and any applicable seller fees are unknown, so no reliable flip surplus or maximum bid can be calculated.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the scope and cost of works are unknown.

• The most recent £190,000 comparable is semi-detached rather than terraced and may not represent this property’s value.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The seller may charge additional completion fees under the special conditions, but the amount is not supplied.

• No parking or heating information is provided.

Recommendation

Treat as a potential refurbishment-led resale or owner-occupier purchase only after confirming the condition and obtaining a full works budget. Do not rely on a rental strategy until local rent evidence is available.

Strategy Rating

Analysis Confidence

There are several same-road sold comparables, including one terraced sale, but they vary materially in date and property type. No floor area, detailed condition, refurbishment budget or rental evidence is supplied.