Is Felixstowe the new Southwold or Aldeburgh in terms of buying a home?
PUBLISHED: 10:33 03 September 2018 | UPDATED: 10:33 03 September 2018
It has been historically seen (wrongly) as the 'poor relation' to other Suffolk seaside destinations but with 22 houses currently for sale for over £500,000 and one for £1.35 million, property prices in Felixstowe are on the up, along with the town.
For years, Felixstowe has lived in the shadow of its picturesque coastal neighbours but could the tide be changing as improvements to the town are being reflected in property prices - with both on the up.
There are 21 homes currently for sale for £500,000 or more and one landmark house for sale for £1.35 million.
Compared to the likes of other Suffolk dream locations such as sought after Southwold, Aldeburgh and Walberswick, you still get more house for your money in Felixstowe - but this factor seems to be actually driving up prices as more people buy there and investors see the potential.
In recent years, Felixstowe, once considered the ‘‘poor relation’ to its picturesque neighbours, has attracted property investment including the development of the former Bartlet hospital into luxury apartments. Current developments also include hundreds of new homes for sale in the town centre at Walton Gate and on Ferry Road.
Meanwhile, there have been substantial improvements in terms of how Felixstowe looks and what it offers. Three years ago saw the purchase of the Spa Pavilion, which had laid empty, which reopened to great success, last year saw the reopening of the pier and there is ongoing work on the beach and seafront which have all enhanced the town and made it a more attractive place to live.
Investment has followed with new restaurants and shops opening, all creating a buzz.
Charlie Wright, from estate agents Fenn Wright, is selling the most expensive home in town on Cliff road in Old Felixstowe for a guide price of £1.35 million.
This contemporary house with panoramic sea views has four bedrooms and features include a first floor sitting room, the most exquisite hand crafted, twisted staircase, balconies to both the first and second floors, a lift, and underfloor heating to all three floors.
Homes in this location, close to the sailing club, have historically always fetched the highest prices in town however other parts of Felixstowe are also seeing some high values. A classic Edwardian semi detached house on Undercliff Road West, right on the seafront, for example, is for sale for offers in the region of £550,000 with Banham Dark. This five bedroom house offers stunning beach and sea views from its balcony and comes with a car port and courtyard.
In the centre itself, some of the classic period townhouses are also seeing high values with some properties seeing an increase of just under 10 per cent a year.
A house is for sale on Queen’s Road, for example, for a guide of £450,000 with Nicholas Estates. The property has seven bedrooms, a through lounge/dining room, a garden room, a kitchen/breakfast room, utility room, a ground floor cloakroom and two bathrooms.
Mark White, branch manager at Nicholas Estates, sold a two bedroom apartment in the summer for £400,000 - a price achieved because it had a sea view.
“It is definitely about location and certain roads in Felixstowe have premium prices.”
Do you have a house for sale in Felixstowe? Email Caroline.email@example.com