2 Bed Flat, Cash/Bridging Only, Northampton, NN1 3NB, £110,000

28-34 Wellington Street, Town Centre, Northampton, NN1, NN1 3NB - 9 views - 2 years ago

Leasehold
Cash
ROI: 8%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£67.5K - £350K
Sold Prices/m²£1.2K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£110,000

 

 

End Value (After Refurb)

£147,574

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£30,141

Bridging Loan Interest

£2,888

Total Cash In

£66,779

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£147,574

Mortgage (After Refinance)

£110,680

Mortgage LTV

75%

Cash Released

£28,180

Cash Left In

£38,598

Equity

£36,893

Rent Range

£800 - £1,600

Rent Estimate

£1,145

Running Costs/mo

£710

Cashflow/mo

£435

Cashflow/yr

£5,218

ROI

8%

Gross Yield

12%

Local Sold Prices

50 sold prices from £67.5K to £350K, average is £143K. £1.2K/m² to £4.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£105K01/230 miFlat 911, Northampton House, Wellington Street, Northampton, West Northamptonshire NN1 3ND2
£110K01/230.02 miFlat 907, Northampton House, Wellington Street, Northampton, West Northamptonshire NN1 3ND2
£146.1K11/230.18 miFlat 11, St Georges House, Latymer Court, Northampton, West Northamptonshire NN1 3NE2
£157K03/230.18 miFlat 12, St Lawrence House, Latymer Court, Northampton, West Northamptonshire NN1 3NE2
£143K10/230.18 miFlat 4, St Lawrence House, Latymer Court, Northampton, West Northamptonshire NN1 3NE2
£150K11/230.28 miFlat 216, Alpha House, Broad Street, Northampton, West Northamptonshire NN1 2HS2
£130K03/230.28 miFlat 120, Alpha House, Broad Street, Northampton, West Northamptonshire NN1 2HS2
£136K04/210.28 miFlat 214, Alpha House, Broad Street, Northampton, Northamptonshire NN1 2HS2
£148.5K06/230.28 miFlat 123, Alpha House, Broad Street, Northampton, West Northamptonshire NN1 2HS2
£125K11/230.28 miFlat 211, Alpha House, Broad Street, Northampton, West Northamptonshire NN1 2HS2
£150K12/220.28 miFlat 121, Alpha House, Broad Street, Northampton, West Northamptonshire NN1 2HS2
£124K11/230.28 miAlpha House, Flat 114, Broad Street, Northampton, West Northamptonshire NN1 2HS2
£124K03/210.28 miFlat 5, St. Andrews Court, St Andrews Street, Northampton, Northamptonshire NN1 2HH2
£123K12/220.28 miFlat 7, St. Andrews Court, St Andrews Street, Northampton, West Northamptonshire NN1 2HH2
£143K12/220.28 miFlat 1, St. Andrews Court, St Andrews Street, Northampton, West Northamptonshire NN1 2HH2
£67.5K01/240.28 miFlat 13, St. Andrews Court, St Andrews Street, Northampton, West Northamptonshire NN1 2HH2
£122K12/220.29 miFlat 55, Albion Court, Albion Place, Northampton, West Northamptonshire NN1 1UG2
£100K05/230.29 miFlat 50, Albion Court, Albion Place, Northampton, West Northamptonshire NN1 1UG2
£90K10/230.29 miFlat 20, Albion Court, Albion Place, Northampton, West Northamptonshire NN1 1UG2
£121K11/230.3 miFlat 101, Sigma House, Narrow Lane, Northampton, West Northamptonshire NN1 2JY2
£160K11/210.31 mi100a, Cloutsham Street, Northampton, Northamptonshire NN1 3LN2
£115K10/230.31 miFlat 302, Delta House, St Andrews Street, Northampton, West Northamptonshire NN1 2HA2
£142.5K09/210.32 mi70, Scholars Court, Northampton, Northamptonshire NN1 1ES2
£160K01/230.32 mi55, Scholars Court, Northampton, West Northamptonshire NN1 1ES2
£138.5K02/210.32 mi3, Scholars Court, Northampton, Northamptonshire NN1 1DQ2
£140K11/230.33 mi49, Woolmonger Street, Northampton, West Northamptonshire NN1 1PU2
£90K01/210.34 miRochester Court, 43, Oakley Street, Northampton, Northamptonshire NN1 3EP2
£140K10/210.43 mi129, Exeter Place, Northampton, Northamptonshire NN1 4DQ2
£142K12/200.43 mi47, Exeter Place, Northampton, Northamptonshire NN1 4DQ2
£202K07/230.43 mi24a, St Edmunds Road, Northampton, West Northamptonshire NN1 5ET2
£180K11/210.5 miFlat 11, Victoria House, Billing Road, Northampton, Northamptonshire NN1 5BL2
£180K12/230.5 miFlat 3, Victoria House, Billing Road, Northampton, West Northamptonshire NN1 5BL2
£165K07/210.5 mi5, Beckets View, Northampton, Northamptonshire NN1 5NQ2
£158K08/230.5 mi65, Beckets View, Northampton, West Northamptonshire NN1 5NQ2
£173K03/230.52 mi25, Bedford Road, Northampton, West Northamptonshire NN1 5NG2
£175K01/210.52 miFlat 11, Bradgate House, Billing Road, Northampton, Northamptonshire NN1 5BH2
£168K02/230.53 mi8, Beckets View, Northampton, West Northamptonshire NN1 5NJ2
£75K07/210.53 mi136, Beckets View, Northampton, Northamptonshire NN1 5NJ2
£165K06/230.53 mi62, Beckets View, Northampton, West Northamptonshire NN1 5NJ2
£140K04/210.56 mi5a, Talbot Road, Northampton, Northamptonshire NN1 4HZ2
£191.3K01/230.56 mi1b, Langham Place, Northampton, West Northamptonshire NN2 6AA2
£125K06/210.58 mi9, Johnson Court, Northampton, Northamptonshire NN4 8GJ2
£157.5K06/230.58 mi41, Johnson Court, Northampton, West Northamptonshire NN4 8GJ2
£145K01/230.6 mi30, Lion Court, Northampton, West Northamptonshire NN4 8GR2
£165K10/220.6 mi1, Lion Court, Northampton, West Northamptonshire NN4 8GR2
£155K02/230.6 mi69, Lion Court, Northampton, West Northamptonshire NN4 8GR2
£155K11/220.6 mi7, Lion Court, Northampton, West Northamptonshire NN4 8GR2
£150K08/230.6 mi67, Lion Court, Northampton, West Northamptonshire NN4 8GR2
£350K09/210.6 mi2, Marriott Street, Semilong, Northampton, Northamptonshire NN2 6AW2
£135K06/210.61 mi48, Cliftonville Court, Northampton, Northamptonshire NN1 5BZ2

Local Rents

50 rents from £800/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95002/240 mi-2
£1,00011/240 mi-2
£97502/250 mi-2
£1,00011/240 mi-2
£1,10006/240.02 miNorthampton House, Wellington Street, Northampton, NN1 3NA2
£1,10006/240.02 miNorthampton House, Wellington Street, Northampton, NN1 3NA2
£1,10006/240.02 miNorthampton House, Wellington Street, NN1 2
£1,05006/240.02 miNorthampton House, Wellington Street, Northampton, NN1 3NB2
£1,15008/240.08 miNotre Dame Mews, Northampton, NN12
£1,10007/240.12 miAbington Street, Town Centre - NN12
£1,20007/240.13 miDychurch Lane, Northampton2
£1,15003/250.14 mi-2
£1,17504/250.14 mi-2
£1,00007/240.15 miFlat 2 113 Overstone Road, Northampton, NN12
£1,00003/240.17 miThe Viewpoint, 50a Sheep Street, Northampton, NN12
£92506/240.17 miThe Parade, NORTHAMPTON2
£80008/240.17 mi2 Bedroom Apartment - Sheep Street, NN12
£85009/240.17 mi2 Bed Flat, Sheep Street, Northampton2
£95006/240.18 miMarket Square, Northampton, NN12
£1,17506/240.18 miOverstone Road, NORTHAMPTON2
£1,25008/240.18 miSheep Street, Northampton, Northamptonshire, NN12
£1,27506/240.19 miDerngate, Northampton2
£1,20007/240.19 miDerngate, Northampton2
£1,10006/240.19 miSheep Street, Northampton, NN12
£1,10007/240.19 miSheep Street, Northampton, NN12
£1,10008/240.19 miSheep Street, Northampton, NN12
£1,15010/240.2 mi-2
£1,20004/250.2 mi-2
£1,15008/240.21 miTheatre Court, Derngate - NN12
£1,05008/240.21 miDerngate, Town Centre - NN12
£1,10008/240.21 miDerngate, Northampton2
£1,05008/240.21 miDerngate, Northampton2
£90007/240.21 miHazelwood Road, NORTHAMPTON2
£95010/240.21 mi-2
£99512/240.21 mi-2
£95006/240.21 miCranstoun Street, The Mounts, Northampton NN12
£1,60007/240.21 mi-2
£1,10008/240.21 miTheatre Court, Derngate - NN12
£89503/240.21 miMarlborough House, Hazelwood Road, Northampton, NN12
£89508/240.21 miMarlborough House, Hazelwood Road, Northampton, NN12
£1,15006/240.21 mi-2
£1,10004/250.21 mi-2
£97506/240.22 mi24 Abington Square, NORTHAMPTON2
£1,55008/240.22 miAbington Square, NORTHAMPTON2
£1,50008/240.22 miAbington Square, Northamptonshire2
£1,20009/240.22 mi-2
£89508/240.22 miDuplex Two Bedroom with Study/Office Room2
£89508/240.22 miDuplex Two Bedroom with Study/Office Room2
£89507/240.22 mi49-53 Sheep Street, Town Centre2
£1,40002/240.23 mi-2

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £110,000

July 6, 2023

Floor Plans

Description

  • Spacious 7th Floor Flat +
  • Two Bedrooms +
  • Ensuite to Master +
  • Balcony +
  • Sold With Tenant In Situ +

CASH BUYERS ONLY

Now available to a range of buyers including first time buyers and investors.

Northwood are delighted to present this spacious two bedroom flat located on the 7th floor of Northampton House which is situated right in the Town Centre, with parking.

The property can be sold with or without a tenant in situ, at a yield of approximately 7.8% after service charge/ground rent. In brief this property comprises of an entrance hall with doors leading to the main bathroom, kitchen/sitting room which has doors leading to the spacious balcony. There are two double bedrooms with built in wardrobes and the master benefitting from an ensuite.  EPC rating: B. Tenure: Leasehold,

Agent Details

Northwood Northampton, Northampton

01604 279319

Next Steps?

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