Land To Rear Of Hamilton Road, Felixstowe
NI

Land To Rear Of Hamilton Road, Felixstowe

By Nicholas Estates

£ 250,000

Reviews

2 out of 5 stars

Nicholas Estates says ..

A rare opportunity to acquire a freehold building plot (subject to planning permission) in the town centre of Felixstowe, situated between Penfold Road & Hamilton Road with plans drawn for three self contained flats with allocated off road parking.

Property Oracle says ..

This listing presents a unique opportunity to acquire a freehold building plot in Felixstowe town centre. The plot’s central location offers easy access to the train station, shops, schools (Fairfield Infant School is notably close by at 0.37km), and amenities, making it appealing for potential developers. The plans suggest the construction of three self-contained flats, suggesting a potentially lucrative investment. The available land size is notable given the location, and allocated off-road parking is a significant benefit. However, potential buyers must acknowledge the inherent risks associated with development projects. Securing planning permission is crucial, and the associated costs of construction should be carefully considered against the asking price. The absence of existing buildings means the property’s condition cannot be evaluated directly; however, the land itself is likely to require groundworks and preparation. The price point needs to be analysed against the potential final value of the completed flats, factoring in all development costs, and compared with prices of similar properties in the area after completion.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
5
Bedrooms
0
Bathrooms
0
Sqft (est)
753.47

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
550,639.00 £
Increased by 42.23 %
from 387,138.00 £
Est sale value
378,995.41 £
Increased by 85.61 %
from 204,190.37 £
Average area rental value
1,103.00 £/mo
Increased by 16.84 %
from 944.00 £/mo
Est letting value
753.47 £/mo
from 0.00 £/mo
Est rental Yield
2.40 %
Decreased by 18.09 %
from 2.93 %
Crime Rate
47.00 %
Unchanged by 0.00 %
from 47.00 %

Agent Activity

  • Nicholas Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Fairfield Infant SchoolCommunity SchoolGood0.37 KM
Colneis Junior SchoolCommunity SchoolGood1.15 KM
Felixstowe International CollegeOther Independent SchoolGood1.69 KM
Set MaidstoneAcademy Converter1.93 KM
Set CaustonAcademy Converter2.08 KM

Images

Cropped Elevation Land 1 Overlay 3 Land 2 20220729121511 - 74R06539 - Felixstowe for Matt

Nearby Streets

NameAverage PriceAverage SqftDistance
Albert Walk £ 000.00 KM
Convalescent Path £ 192,47500.00 KM
Plymouth Road £ 000.00 KM
Taunton Road £ 000.00 KM
Rosebery Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Felixstowe7214FLX0.27 KM
Trimley7225TRM3.81 KM
Harwich Town6905HWC7.61 KM
Dovercourt6901DVC8.44 KM

Nearby Listings

AddressPriceTypeScoreDistance
Land To Rear Of Hamilton Road, Felixstowe £ 200,000BUYUnknown0.00 KM
Residential Development to the rear 137 to 141 Hamilton Road, Felixstowe, Suffolk, IP11 7BL £ 125,000BUY5 / 100.02 KM
Hamilton Road, Felixstowe £ 180,000BUY5 / 100.08 KM
Hamilton Road, Felixstowe £ 180,000BUY7 / 100.08 KM
Penfold Road, Felixstowe £ 450,000BUYUnknown0.11 KM

Nearby Properties

AddressPriceDistance
114a Hamilton Road £ 300,0000.04 KM
120a Hamilton Road £ 97,0000.05 KM
120b Hamilton Road £ 137,5000.05 KM
74 St Andrews Road £ 74,5000.10 KM
97a St Andrews Road £ 46,0000.10 KM