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Chevalier Road, Felixstowe

East of England

£570,000
Listed on 16/03/2025

Property Details

Bedrooms
12
Type
Detached house
Area
5188 sqft

Description

This impressive detached property, once known as the Castle Lodge Hotel, presents a unique opportunity for those looking to invest in a building rich in potential. Built during the Edwardian era, it features over 5,188 square feet of versatile space that could be transformed into various uses, pending the necessary planning permissions. Located just moments from the bustling shopping center on Hamilton Road, this property sits near the scenic cliff tops of Hamilton Gardens and offers some distant views of the sea. Its prime location not only enhances its aesthetic appeal but also positions it strategically for future commercial or residential prospects. The layout is currently configured to accommodate numerous rooms across three floors. On the ground floor, you'll find an expansive reception area leading to multiple lounges and dining spaces, along with essential utility rooms and owner’s accommodation featuring a separate kitchen and study. The first floor provides several bedrooms, each with its own en-suite facilities, allowing for flexible reimagining into either guest accommodations or residential apartments. The second floor continues this trend with additional rooms also equipped with en-suites, showcasing ample space that can cater to various redevelopment ideas. The outdoor space further complements the property with a south-facing front garden and designated parking at the rear. As an investment opportunity, this property carries significant redevelopment potential whether you are aiming for a residential conversion or updating its use as a commercial entity. All essential services are connected, and while currently marked under C1 commercial designation, interested buyers may explore options for transitioning back to residential use if desired. The possibilities within these walls are substantial, offering both charm from its historical roots and the canvas for modern innovation.

Investment Analysis

(IP11 area)

Below Market Value

This property is priced -65.9% below area average per sq ft

-65.9%
Potential saving
This Property
£110/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£221
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£57,000 - £142,500
10-25% of property value
Target Value
£1,839,016
10% above area average per sq ft
Potential ROI
+158.1%
After renovation
Monthly Sales
25
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (IP11)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -4.6%
5 year growth: 15.2%
Investment Disclaimer: Analysis based on IP11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chevalier Road, Felixstowe
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