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Felixstowe – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ Felixstowe – What to look for in houses for sale?

As a landlord, whenever you are looking at houses for sale in Suffolk, you could find varying prices throughout an area like Felixstowe. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Felixstowe to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Felixstowe will be revealed. Keep reading.

Are there any important statistics about the population of Felixstowe?

In Felixstowe, how educated are people in general?

In the city of Felixstowe, 21% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Felixstowe is £40,800.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What’s a social grade score and how does it relate to Felixstowe?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Felixstowe, the percentage of people in the two highest categories, A and B is 16%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £40,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (16%).

In Felixstowe, how has the population changed?

In total, the number of people in Felixstowe is 29,290. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Felixstowe, depending on where exactly you are.

How has Felixstowe changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Felixstowe has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Felixstowe?

4% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Felixstowe have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

Do the people of Felixstowe get to enjoy green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Felixstowe currently has 12.7 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Felixstowe in this case.

What’s crime like in Felixstowe?

For every one thousand people living in Felixstowe, 68 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 68 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Are the deprivation levels of the UK any different to Felixstowe?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Felixstowe is 25%.

How much are those living in Felixstowe earning?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Felixstowe, the average income is £40,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 16% to decide on what the demographics are like in the area.

In the city of Felixstowe, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Suffolk for example.

These demographics for Felixstowe may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Felixstowe in East of England.

In general, for the city of Felixstowe, what are the final purchase prices for the houses for sale?

For the city of Felixstowe, the average price a house sells for is £260,173. This value usually depends on the exact location of the house within Felixstowe as well as other factors like the population growth in Felixstowe which is 4% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £330,778
Aerage sold price (semi-detached) £243,875
Aerage sold price (terraced) £203,276
Aerage sold price (flat) £163,746

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Felixstowe.

Housing category Sale price per square foot
Aerage sold price/sqft £2,830
Aerage sold price/sqft (new build) £3,040
Aerage sold price/sqft (old stock) £2,680

Generalising the bottom table, the average value per square foot of a house for sale is £2,830. This value averages all of the types of houses for sale in Felixstowe. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Felixstowe.

In Felixstowe, what is the asking price in general for a house for sale?

Average price of houses for sale in Felixstowe

Average asking price (1 bed) £153,438
Average asking price (2 bed) £238,341
Average asking price (3 bed) £337,809
Average asking price (4 bed) £467,178
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Felixstowe has a lack of supply of housing in certain categories.

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Felixstowe determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £318,185.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Felixstowe.

Always consider average rental yield when searching for houses for sale in Felixstowe

Is the housing market in Felixstowe growing?

Whenever you are thinking about looking for houses for sale in Felixstowe, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Felixstowe growth rate 8% 17% 26%

As the population of Felixstowe grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Felixstowe.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Suffolk) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Felixstowe 3.4% £912 no relevant data for this city 12.0%
Suffolk 3.69% £992 125.38% 14.64%
East of England 3.49% £1,148 126.76% 16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Felixstowe which is 27 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Felixstowe is to invest in. Both in terms of rental yield and capital appreciation.

Professional advice for houses for sale in Felixstowe

House for sale in the same UK region

See here below a list of cities in the same UK region of Felixstowe which is East of England. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

Invest in a house for sale that meets your demands

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Felixstowe.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

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