4 Bed Detached House, Refurb/BRRR, Northampton, NN2 8EU, £350,000

4 Cedrus Court, Northamptonshire, NN2 8EU - 14 views - 10 months ago

Refurb/BRRR
~117 m²
+10 photos

ValuationOvervalued

Sold Prices£212K - £720K
Sold Prices/m²£2.1K/m² - £4.9K/m²

 

 

Square Metres

~117.10 m²
Price/m²£3K/m²

Value Estimate

£338,289

 

 

End Value (After Refurb)

£399,518

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£51,904

Bridging Loan Interest

£9,188

Total Cash In

£171,041

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£399,518

Mortgage (After Refinance)

£299,638

Mortgage LTV

75%

Cash Released

£37,138

Cash Left In

£133,903

Equity

£99,879

Rent Range

£1,050 - £3,000

Rent Estimate

£1,446

Running Costs/mo

£1,558

Cashflow/mo

£-112

Cashflow/yr

£-1,340

Gross Yield

5%

Local Sold Prices

50 sold prices from £212K to £720K, average is £347.5K. £2.1K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£370K02/210.01 mi17, Cedrus Court, Northampton, Northamptonshire NN2 8EU4
£275K10/230.11 mi80, Sherwood Avenue, Northampton, West Northamptonshire NN2 8TD4
£285K07/230.12 mi249, Acre Lane, Northampton, West Northamptonshire NN2 8DY4
£480K11/210.14 mi3, Wensleydale, Northampton, Northamptonshire NN2 8UT4
£360K03/210.14 mi15, Wensleydale, Northampton, Northamptonshire NN2 8UT4
£390K01/230.18 mi8, Coverdale, Northampton, West Northamptonshire NN2 8UU4
£295K01/210.18 mi234, Acre Lane, Northampton, Northamptonshire NN2 8DY4
£455K07/230.2 mi212, Acre Lane, Northampton, West Northamptonshire NN2 8DX4
£340K10/200.23 mi41, Fylingdale, Northampton, Northamptonshire NN2 8UR4
£337.5K06/210.24 mi37, Stubble Close, Northampton, Northamptonshire NN2 8DS4
£300K05/210.25 mi7, Glaisdale Close, Northampton, Northamptonshire NN2 8UN4
£435K11/230.27 mi19, Plough Lane, Northampton, West Northamptonshire NN2 8DB4
£338K12/220.33 mi38, Fallow Walk, Northampton, West Northamptonshire NN2 8DE4
£275K11/200.33 mi40, Fallow Walk, Northampton, Northamptonshire NN2 8DE4
£350K01/210.4 mi16, Clover Lane, Northampton, Northamptonshire NN2 8BT4
£370K01/210.42 mi54, Leyland Drive, Northampton, Northamptonshire NN2 8QA4
£321K08/230.43 mi41, Greenhills Road, Northampton, West Northamptonshire NN2 8EL4
£295K02/210.44 mi5, Greenhills Road, Northampton, Northamptonshire NN2 8EL4
£270K08/230.45 mi58, Greenhills Road, Northampton, West Northamptonshire NN2 8EF4
£290K08/210.45 mi27, Partridge Close, Northampton, Northamptonshire NN2 8BL4
£325K11/220.45 mi23, Partridge Close, Northampton, West Northamptonshire NN2 8BL4
£390K03/230.47 mi55, Acre Lane, Northampton, West Northamptonshire NN2 8BG4
£328K08/210.5 mi44, Acre Lane, Northampton, West Northamptonshire NN2 8BE4
£390K09/230.51 mi82, Redland Drive, Northampton, West Northamptonshire NN2 8TU4
£270K06/210.54 mi15, Gorse Close, Northampton, West Northamptonshire NN2 8ED4
£345K03/210.55 mi74, Barley Lane, Kingsthorpe, Northampton, West Northamptonshire NN2 8AX4
£212K06/210.59 mi21, Grovebury Dell, Northampton, Northamptonshire NN2 8QP4
£455K05/210.59 mi37, Home Farm Drive, Boughton, Northampton, Northamptonshire NN2 8ES4
£340K07/230.59 mi28, Sandhills Road, Northampton, West Northamptonshire NN2 8ER4
£525K03/210.6 mi2, Gillsway, Northampton, Northamptonshire NN2 8HU4
£342.5K11/230.6 mi27, Birch Barn Way, Northampton, West Northamptonshire NN2 8DT4
£575K06/230.61 mi15, North Western Avenue, Northampton, West Northamptonshire NN2 8HH4
£350K12/200.62 mi4, Jenner Crescent, Northampton, Northamptonshire NN2 8NB4
£275K10/210.62 mi22, Poachers Way, Northampton, West Northamptonshire NN2 8AY4
£286K02/210.63 mi4, Farm Close, Northampton, West Northamptonshire NN2 8AR4
£445K10/220.67 mi34a, Harborough Road North, Northampton, West Northamptonshire NN2 8LU4
£297K06/210.67 mi170, Welford Road, Northampton, Northamptonshire NN2 8AL4
£315K03/210.72 mi30, Barons Way, Northampton, Northamptonshire NN2 8HP4
£315K11/220.72 mi24, Foxgrove Avenue, Northampton, West Northamptonshire NN2 8HQ4
£368.5K10/220.72 mi12, Foxgrove Avenue, Northampton, West Northamptonshire NN2 8HQ4
£720K03/210.79 mi30, Tiverton Avenue, Northampton, Northamptonshire NN2 8LY4
£351K11/200.8 mi44, Kingsway, Northampton, Northamptonshire NN2 8HE4
£500K02/240.82 mi34, Tiverton Avenue, Northampton, West Northamptonshire NN2 8LY4
£355K09/210.83 mi39, Lynton Avenue, Northampton, Northamptonshire NN2 8LX4
£275K02/210.88 mi66, Hinton Road, Northampton, Northamptonshire NN2 8NX4
£380K02/210.88 mi34, Hinton Road, Northampton, Northamptonshire NN2 8NX4
£555K07/230.88 miBoughton Turn, Vyse Road, Boughton, Northampton, West Northamptonshire NN2 8SE4
£618.5K03/230.88 miHunters Moon, Vyse Road, Boughton, Northampton, West Northamptonshire NN2 8SE4
£375K09/230.9 mi74, Ash Rise, Northampton, West Northamptonshire NN2 8SB4
£515K04/210.93 miThe Orchard, Vicarage Lane, Northampton, Northamptonshire NN2 6QS4

Local Rents

16 rents from £1.1K/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20006/240.07 miSherwood Avenue, Northampton, NN23
£3,00008/240.24 miBoughton Hill Gardens, Harborough Road North, Northampton, NN24
£1,75007/240.25 miHome Farm Drive, Boughton, Northampton NN24
£1,40006/240.27 miJacquest Road, Buckton Fields, Boughton, Northamptonshire, NN23
£1,05007/240.34 miCatton Crescent, Kingsthorpe, Northampton NN23
£1,29506/240.43 miGreenhills Road, NORTHAMPTON3
£1,50007/240.44 miGrasscroft, Northampton, Northamptonshire, NN23
£1,50007/240.44 miGrasscroft, Northampton3
£1,30009/240.48 miGreenhills Road, Northampton, Northamptonshire, NN23
£1,15006/240.49 miGrasscroft, Northampton, NN2 8TR3
£1,25008/240.49 miGrasscroft, NORTHAMPTON3
£1,29507/240.49 miGreenhills Road, Whitehills, Northampton, NN23
£1,30006/240.56 mi-3
£1,10007/240.56 miRedland Drive, Kingsthorpe, Northampton NN2 8UG3
£1,25007/240.57 miBarley Lane, Northampton, NN23
£1,80006/240.58 miHome Farm Drive, Boughton4

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

2.57 miles away

Nearest school

0.40 miles away

Nearest train station

2.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £350,000

December 4, 2024

Listed for £400,000

June 15, 2024

Sold for £93,000

1998

Floor Plans

Description

  • NO UPWARD CHAIN +
  • 4 BEDROOM DETACHED FAMILY HOME +
  • GARDEN ROOM +
  • SINGLE GARAGE AND DRIVEWAY PARKING +
  • VERY POPULAR LOCATION +

Being offered with NO ONWARD CHAIN this property is in a great location and it offers great scope with some modernisation to totally transform the good sized accommodation on offer. This family home offers a spacious and versatile layout with a lounge/diner, EXTENDED kitchen to include a cloakroom and large useful lean to porch for additional appliances/storage. The real bonus is the wonderful garden room which completes the ground floor layout. There are FOUR good sized bedrooms and family bathroom to the first floor. To the rear you will find a fully enclosed private rear garden. To the front is a large block paved driveway providing ample parking which  leads to the single garage. A half glazed leaded stained glass UPVC front door leads into the good sized entrance hallway with stairs leading to the first floor landing. A door leads you into the lounge/diner with wood flooring and sliding patio doors lead into the highlight of this property a delightful garden room, perfect for enjoying the outdoor space all year round.  A door from the dining area leads you into the kitchen which is fitted with a range of wall and base units, offering plenty of storage and work surfaces, with an additional breakfast bar seating area. There is a useful cupboard under the stairs and door to the ground floor cloakroom. A further door leads out to a large lean-to porch to the side aspect which has an internal door to access the rear of the garage where you will find plumbing for a sink and washing machine. The single garage could easily be converted into another room offering more family space if required subject to necessary permissions.

On the first floor there are FOUR bedrooms, with the principle room benefitting from fitted wardrobes and furniture offering plenty of integral storage space. The bathroom suite benefits from a shower over the bath. The rear garden is fully enclosed, not overlooked and has planted bordered lawn and a patio area.  Don't miss out on this rare opportunity to own a fantastic family home in Kingsthorpe. Schedule your viewing TODAY !! Located within Kingsthorpe, this property is ideally located for the local primary and secondary schools. There are many local amenities within a short stroll from your doorstep, it has a thriving local community and a good selection of local shops, supermarkets, cafes, and restaurants making it a popular choice for families. Nearby Northampton station offers great commuter links , and its just a short drive to the A14 giving access to the M6/M1 and other major road connections. Open countryside is also within very easy reach, with Brampton Valley Way offering miles of countryside walks/cycling, and Brixworth country park is a pleasant 10 minutes drive away providing many outdoor leisure activities. PLEASE NOTE: This property is offered for sale with NO CHAIN. Some of the photos have been digitally staged (furniture added) to showcase the space and to provide a glimpse of how much potential this property offers. Buyers attention is drawn to room sizes when considering how these rooms could be furnished. At the time of listing an EPC report has been arranged and will be uploaded once available.

Agent Details

EweMove, Covering East Midlands

01274 015899

Next Steps?

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