2 Bed Bungalow, Planning Permission, Northampton, NN6 8NW, £375,000

Horseshoe Close, Creaton, Northampton, NN6 8NW - a year ago

Sold STC
Planning
ROI: 9%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£175K - £410K
Sold Prices/m²£2.5K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£223,315

 

 

End Value (After Refurb)

£270,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£30,174

Bridging Loan Interest

£9,844

Total Cash In

£161,718

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,000

Mortgage (After Refinance)

£202,500

Mortgage LTV

75%

Cash Left In

£161,718

Equity

£67,500

Rent Range

£1,300 - £3,995

Rent Estimate

£2,549

Running Costs/mo

£1,374

Cashflow/mo

£1,175

Cashflow/yr

£14,105

ROI

9%

Gross Yield

8%

Local Sold Prices

33 sold prices from £175K to £410K, average is £240K. £2.5K/m² to £4.6K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£270K11/230.92 mi2, Creaton Road, Hollowell, Northampton, West Northamptonshire NN6 8RP2
£198K03/211.23 mi19, Welford Road, Spratton, Northampton, Northamptonshire NN6 8JE2
£240K05/241.26 mi6, School Road, Spratton, Northampton, West Northamptonshire NN6 8HY2
£180K12/201.35 mi22, St Lukes Close, Spratton, Northampton, Northamptonshire NN6 8HS2
£220K06/211.39 mi15, Orchard Close, Spratton, Northampton, West Northamptonshire NN6 8HT2
£245K02/211.73 mi14, Yew Tree Lane, Spratton, Northampton, Northamptonshire NN6 8HL2
£230K11/202.01 miOld Coach House, High Street, Guilsborough, Northampton, Northamptonshire NN6 8PY2
£280K03/212.06 mi12, Station Road, Brixworth, Northampton, Northamptonshire NN6 9BP2
£270K09/232.06 mi6, Station Road, Brixworth, Northampton, West Northamptonshire NN6 9BP2
£410K02/232.45 mi1, Church Gardens, Ravensthorpe, Northampton, West Northamptonshire NN6 8EY2
£280K09/212.47 mi3, Frog Hall, Brixworth, Northampton, Northamptonshire NN6 9DH2
£280K11/202.47 miTollard Down, Frog Hall, Brixworth, Northampton, Northamptonshire NN6 9DH2
£214K05/232.49 mi43, Honey Holme, Brixworth, Northampton, West Northamptonshire NN6 9BQ2
£310K12/202.49 mi22a, Teeton Road, Ravensthorpe, Northampton, Northamptonshire NN6 8EJ2
£266K11/222.6 mi12, Kennel Terrace, Brixworth, Northampton, West Northamptonshire NN6 9DL2
£240K12/202.61 mi10, Kennel Terrace, Brixworth, Northampton, Northamptonshire NN6 9DL2
£240K12/232.63 mi1, Little Lane, Ravensthorpe, Northampton, West Northamptonshire NN6 8EX2
£213.5K07/232.64 mi4, South View, Brixworth, Northampton, West Northamptonshire NN6 9DZ2
£180K02/212.67 mi89, Northampton Road, Brixworth, Northampton, Northamptonshire NN6 9DX2
£185K04/212.67 mi91, Northampton Road, Brixworth, Northampton, West Northamptonshire NN6 9DX2
£175K11/202.68 mi74, Northampton Road, Brixworth, Northampton, Northamptonshire NN6 9DY2
£280K03/232.7 mi5, Scott Close, Ravensthorpe, Northampton, West Northamptonshire NN6 8EA2
£260K03/212.7 mi25, Scott Close, Ravensthorpe, Northampton, West Northamptonshire NN6 8EA2
£232.5K09/212.7 mi60, Northampton Road, Brixworth, Northampton, Northamptonshire NN6 9DY2
£250K09/232.7 mi86, Northampton Road, Brixworth, Northampton, West Northamptonshire NN6 9DY2
£250K09/232.7 mi86, Northampton Road, Brixworth, Northampton, West Northamptonshire NN6 9DY2
£235K01/232.7 mi122, Northampton Road, Brixworth, Northampton, West Northamptonshire NN6 9DY2
£220K12/222.79 mi6, The Slip, Brixworth, Northampton, West Northamptonshire NN6 9HS2
£265K01/232.83 mi1c, Eastfield Road, Brixworth, Northampton, West Northamptonshire NN6 9ED2
£200K06/232.89 mi28, Damherst Piece, Brixworth, Northampton, West Northamptonshire NN6 9HU2
£180K06/212.89 mi17, Damherst Piece, Brixworth, Northampton, Northamptonshire NN6 9HU2
£215K05/242.93 mi17, The Knoll, Brixworth, Northampton, West Northamptonshire NN6 9HY2
£177K02/212.94 mi15, The Knoll, Brixworth, Northampton, Northamptonshire NN6 9HY2

Local Rents

6 rents from £1.3K/mo to £4K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£3,99512/240.18 miWelford Road, Creaton, Northamptonshire, NN65
£1,30006/241.16 miCottesbrooke, Northampton3
£3,50006/241.3 miTeeton, Northamptonshire, NN65
£2,00012/242.04 miStation Road, Brixworth, Northampton, NN61
£1,95012/242.22 miThe Green, Guilsborough4
£1,65004/252.45 mi-4

Local Area Statistics

Population in NN6

33,491

Population in Northampton

281,924

Town centre distance

7.54 miles away

Nearest school

1.10 miles away

Nearest train station

6.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-41%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £375,000

February 20, 2025

Listed for £400,000

April 23, 2024

Floor Plans

Description

  • Stunning Views +
  • 1/5th Acre plot +
  • Ample Off Road Parking +
  • Two Bedrooms +
  • Log Burner +
  • Gas Central Heating +
  • Double Garage +
  • Energy Efficiency Rating: D +

Located within the charming village of Creaton, this beautifully situated detached bungalow rests on a picturesque plot spanning just over 1/5th of an acre, boasting breathtaking views. The accommodation comprises an inviting entrance porch leading to the hallway, a spacious kitchen/diner, convenient utility room, cosy lounge with a log burner, and a garden room offering panoramic views. Two bedrooms and a bathroom complete the interior space. Outside, ample off-road parking and a double garage, with previous planning permission for conversion into a separate annexe, provide practicality. The secluded rear garden affords enchanting views. Additional features include gas radiator central heating and full double glazing.

Ground Floor -

Entrance Porch - Approached via entrance door, window to the side aspects, opening to;

Entrance Hall - Designer radiator, loft access to roof space, doors to;

Bedroom One - 3.58m x 3.19m (11'8" x 10'5") - Window to the side aspect, radiator.

Bedroom Two - 3.25m x 2.83m (10'7" x 9'3") - Window to the side aspect, radiator.

Bathroom - Window to the rear aspect, white suite comprising wash hand basin, WC and side panelled bath with shower over, glass shower screen.

Kitchen/Diner - 5.26m x 2.83m (17'3" x 9'3") - Windows to the rear and side aspects, sink unit set into a range of base units with work surfaces over, tiled splash backs, matching wall mounted units, canopy extractor hood, designer radiator, doors to the utility room and lounge.

Utility Room - 2.87m x 2.16m (9'4" x 7'1") - Window to the side aspect, door leading to extensive patio area, sink unit set into a range of base units, work surfaces over, tiled splash backs, matching wall mounted units, upright unit, plumbing for washing machine, space for tumble dryer and fridge freezer.

Lounge - 5.45m x 3.16m (17'10" x 10'4") - Window to the front aspect, designer radiator, log burner, open to garden room.

Garden Room - Bi fold doors to to the rear and side aspects allowing views of the surrounding countryside.

Externally -

Front Garden - Lawn area gates to driveway providing off road parking leading to;

Double Garage - Twin up and over doors, power and light. The garage previously had planning permission to extend and convert into a annex. DA/2004/1312

Rear Garden - Extensive patio area, lawn area, a wide variety of flowers, shrubs and trees. Far reaching views across the surrounding countryside.

Agents Notes - West Northamptonshire Council
Council Tax Band: D

Agent Details

Horts Estate Agents, Northampton

01604 279788

Next Steps?

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