3 Bed Terraced House, Refurb/BRRR, Northampton, NN1 3ET, £171,500

Military Road, Northampton, NN1 3ET - 7 views - a year ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£110K - £350K
Sold Prices/m²£1.4K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£174,930

 

 

End Value (After Refurb)

£210,294

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,875

Stamp Duty & Legal Fees

£6,345

Refurb Costs

£41,155

Bridging Loan Interest

£4,502

Total Cash In

£96,627

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£210,294

Mortgage (After Refinance)

£157,720

Mortgage LTV

75%

Cash Released

£29,095

Cash Left In

£67,532

Equity

£52,573

Rent Range

£995 - £3,750

Rent Estimate

£1,523

Running Costs/mo

£982

Cashflow/mo

£541

Cashflow/yr

£6,495

ROI

7%

Gross Yield

11%

Local Sold Prices

50 sold prices from £110K to £350K, average is £195K. £1.4K/m² to £3.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£210K01/240.01 mi46, Military Road, Northampton, West Northamptonshire NN1 3EU3
£173K06/210.08 mi104, Bailiff Street, Northampton, Northamptonshire NN1 3EA3
£195K02/240.1 mi37, Hunter Street, Northampton, West Northamptonshire NN1 3QD3
£226K01/230.13 mi42, Hunter Street, Northampton, West Northamptonshire NN1 3QB3
£183K11/200.13 mi68, Hunter Street, Northampton, Northamptonshire NN1 3QB3
£206K05/230.15 mi21, Overstone Road, Northampton, West Northamptonshire NN1 3JL3
£198K10/210.16 mi5, Connaught Street, Northampton, Northamptonshire NN1 3BP3
£200K04/230.17 mi6, Hervey Street, Northampton, West Northamptonshire NN1 3QJ3
£125K12/200.18 mi43, Somerset Street, Northampton, Northamptonshire NN1 3LW3
£180K05/230.18 mi15, Clare Street, Northampton, West Northamptonshire NN1 3JE3
£250K11/230.2 mi14, Colwyn Road, Northampton, West Northamptonshire NN1 3PZ3
£110K02/230.2 mi21, Cloutsham Street, Northampton, West Northamptonshire NN1 3LL3
£182.5K04/210.2 mi30, Shakespeare Road, Northampton, Northamptonshire NN1 3QG3
£180K08/230.21 mi38, Shakespeare Road, Northampton, West Northamptonshire NN1 3QG3
£180K10/210.21 mi19, Shakespeare Road, Northampton, Northamptonshire NN1 3QP3
£210K11/230.23 mi82, Alcombe Road, Northampton, West Northamptonshire NN1 3LF3
£180K12/200.25 mi43, Queens Road, Northampton, Northamptonshire NN1 3LP3
£207K09/230.25 mi7, Queens Road, Northampton, West Northamptonshire NN1 3LP3
£230K11/210.27 mi40, Cowper Street, Northampton, Northamptonshire NN1 3QR3
£204K04/210.27 mi15, Cowper Street, Northampton, Northamptonshire NN1 3QR3
£206K09/210.29 mi66, Colwyn Road, Northampton, Northamptonshire NN1 3PX3
£235K02/230.3 mi53, Hood Street, Northampton, West Northamptonshire NN1 3QT3
£195K04/210.31 mi139, Colwyn Road, Northampton, West Northamptonshire NN1 3PU3
£180K03/210.41 mi73, Talbot Road, Northampton, Northamptonshire NN1 4HZ3
£245K06/230.41 mi51, Talbot Road, Northampton, West Northamptonshire NN1 4HZ3
£208K06/210.41 mi37, Freehold Street, Northampton, Northamptonshire NN2 6EW3
£225K01/230.41 mi82, Freehold Street, Northampton, West Northamptonshire NN2 6EW3
£208K06/210.41 mi37, Freehold Street, Northampton, Northamptonshire NN2 6EW3
£131K12/230.41 mi64, Freehold Street, Northampton, West Northamptonshire NN2 6EW3
£205K03/230.44 mi106, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB3
£350K11/210.45 mi8, Elysium Terrace, Northampton, Northamptonshire NN2 6EN3
£185K07/230.45 mi23, Northcote Street, Northampton, West Northamptonshire NN2 6BE3
£196.5K03/210.45 mi19, Derby Road, Abington, Northampton, Northamptonshire NN1 4JP3
£173K04/230.46 mi8, Mill Road, Northampton, West Northamptonshire NN2 6AX3
£183K01/230.46 mi42, Northcote Street, Northampton, West Northamptonshire NN2 6BG3
£229.5K10/230.46 mi97, Artizan Road, Northampton, West Northamptonshire NN1 4HR3
£195K01/230.46 mi68, Northcote Street, Northampton, West Northamptonshire NN2 6BG3
£182K06/230.47 mi49, Lower Hester Street, Northampton, West Northamptonshire NN2 6BJ3
£176K10/230.47 mi85, Lower Hester Street, Northampton, West Northamptonshire NN2 6BJ3
£247K11/230.48 mi66, Ethel Street, Northampton, West Northamptonshire NN1 5ES3
£225K04/210.48 mi26, Thenford Street, Northampton, Northamptonshire NN1 5QT3
£205K03/230.49 mi8, Salisbury Street, Northampton, West Northamptonshire NN2 6BS3
£185K01/230.49 mi3, Norfolk Terrace, Northampton, West Northamptonshire NN2 6HS3
£162.5K12/210.49 mi24, Brook Street, Northampton, Northamptonshire NN1 2PE3
£182.5K07/230.49 mi55, Gordon Street, Northampton, West Northamptonshire NN2 6BY3
£177K03/210.5 mi95, Whitworth Road, Northampton, West Northamptonshire NN1 4HQ3
£172K11/210.5 mi84, Gordon Street, Northampton, West Northamptonshire NN2 6BZ3
£194.8K08/230.5 mi6, Gordon Street, Northampton, West Northamptonshire NN2 6BZ3
£233.6K02/230.5 mi18, Leslie Road, Northampton, West Northamptonshire NN2 6BD3
£151K03/210.51 mi41, Stanley Street, Northampton, Northamptonshire NN2 6DD3

Local Rents

53 rents from £995/mo to £3.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25008/240.04 miMilitary Road, Northampton3
£1,10008/240.04 miAustin Street, Mounts, Northampton, NN13
£1,10011/240.06 mi-3
£1,05006/240.08 miBeaconsfield Terrace, Northampton, Northamptonshire3
£1,55003/250.1 mi-3
£1,30006/240.1 miHunter Street, NORTHAMPTON3
£1,25008/240.1 miHunter Street, NORTHAMPTON3
£1,25003/250.11 mi-3
£1,20007/240.13 miHunter Street, Northampton, NN13
£1,40006/240.14 miGreat Russell Street3
£1,25004/250.14 mi-3
£1,35006/240.15 miEarl Street Northampton3
£1,25006/240.15 miCranstoun Street, NORTHAMPTON3
£1,15010/240.16 mi-3
£1,10008/240.16 miHervey Street, Northampton, NN13
£2,10008/240.17 miLorne Road, Northampton, Northamptonshire, NN13
£2,10008/240.17 miLorne Road, Northampton, Northamptonshire, NN13
£1,30003/250.17 mi-3
£1,65011/240.21 mi-3
£1,65011/240.21 mi-3
£3,75006/240.21 mi-3
£3,40008/240.21 mi-3
£3,40011/240.21 mi-3
£3,40012/240.21 mi-3
£3,40012/240.21 mi-3
£1,20008/240.21 miSomerset Terrace, Somerset Street, The Mounts, Northampton NN13
£1,30008/240.21 miShakespeare Road, NORTHAMPTON3
£1,00009/240.22 miCloutsham Street, Northampton, Northamptonshire, NN13
£1,15007/240.23 miDunster Street, NORTHAMPTON3
£1,10011/240.24 mi-3
£1,37506/240.28 miSpencer Road, Northampton, Northamptonshire, NN1 3LR3
£1,40003/240.29 miIndigo Close, Overstone, Northampton3
£1,50012/240.29 miIndigo Close, Overstone3
£1,40007/240.29 mi-3
£1,40009/240.29 mi-3
£1,46501/250.29 mi-3
£1,46501/250.29 mi-3
£1,10002/250.29 mi-3
£1,10006/240.32 miKettering Gardens, Northampton NN1 4AF 3
£99506/240.32 miKettering Gardens, Northampton NN1 4AF3
£1,30006/240.38 miGrafton Street, Northampton, NN13
£1,30006/240.38 mi-3
£1,10007/240.39 miSemilong Road, Semilong, NN23
£1,35003/250.39 mi-3
£1,25007/240.4 miPytchley Street, NORTHAMPTON3
£1,20006/240.4 mi-3
£1,30010/240.4 mi-3
£1,10008/240.41 miTalbot Road, NORTHAMPTON3
£1,17508/240.41 mi-3
£1,10008/240.41 miSt. Michaels Mount, Northampton3
£1,30006/240.42 miAlexandra Road, Northampton, NN13
£1,30008/240.45 miPerry Street Abington Northampton3
£1,80003/250.45 mi-3

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £171,500

December 29, 2023

Floor Plans

Description

  • NO CHAIN +
  • Generous Proportions +
  • Convenient Travel Links +
  • Character Features +
  • Scope for Modernisation +
  • Approx. 789 Sqft +

**“Put Your Own Stamp”
**Offered for sale with no chain, this two/three bedroom terraced property presents an excellent opportunity for you to put your own stamp on the long timeline of history in this period home.  **Property Highlights
**·        Situated in a popular residential area of Northampton, this Property is a stone's throw away from local amenities, green space, and parks. The Town Centre is just a 10-minute walk away and there is easy access to the A508 and A45 by car. The M1 Motorway is a 20-minute drive and Northampton train station is approximately 1.8 miles away offering a fantastic commuter rail link to London.
·        Requiring modernisation, the Property would benefit from cosmetic refurbishment, however there is a modern gas fire combi boiler and uPVC double glazed windows.
·        Entrance through the timber front door leads into the Entrance Hall with access to the principal accommodation and stairs rising to the first floor.
·        The Living Room boasts ample sunlight from the window to the front elevation, featuring a blocked off cast iron fireplace, and original solid timber storage cupboards on either side of the chimney breast. Although an ideal Living Room, this room has been used as a third bedroom in the past.
·        Generously sized Dining Room offering a flexible layout, with a tall window looking out to the rear Garden, a timber door leading to the rear hallway, a gas fireplace and original timber cupboards and a shelving unit either side of the chimney breast.
·        Fitted Kitchen with dual aspect windows, eye and base level units topped with roll-top work surfaces, tiled splashbacks, a stainless steel sink with draining board, freestanding oven, and plumbing for a washing machine (not included).
·        Rear Hall with a door leading to the rear garden and access to the ground floor WC, which includes a wall-mounted hand wash basin and a low-level WC.
·        The stairs flow up to the first-floor Landing with a useful storage cupboard and timber doors to the first floor Rooms.
·        Two Bedrooms, both of which are double in size, with Bedroom One featuring a traditional period fireplace and boasting an abundance of natural light from the window at the front elevation.
·        Well-proportioned family Bathroom with a window to the rear elevation and a three-piece suite to include a low-level WC, a pedestal wash hand basin and a panel enclosed bath with an electric shower over.
·        EPC Rating: C - Council Tax Band: A Outside Nestled in a historic street and surrounded by homes of similar character, the property boasts substantial kerb appeal, featuring steps leading up to the front door.
The enclosed rear garden features a hardstanding area at the rear of the property and a low-level brick wall with a raised bed. There is a path that runs partially down one side of the property, with steps providing access to an area of lawn, and a period red brick wall encloses the garden on one side and at the rear.

Agent Details

Henderson Connellan, Wellingborough

01933 823231

Next Steps?

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