3 Bed Terraced House, Refurb/BRRR, Northampton, NN3 8UP, £155,000

24 Dairymeadow Court, Northamptonshire, NN3 8UP - 8 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~83 m²
+5 photos

ValuationFair Value

Sold Prices£110K - £495K
Sold Prices/m²£1.6K/m² - £3.6K/m²

 

 

Square Metres

~83 m²
Price/m²£1.9K/m²

Value Estimate

£155,000

 

 

End Value (After Refurb)

£187,256

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£36,730

Bridging Loan Interest

£4,069

Total Cash In

£87,149

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£187,256

Mortgage (After Refinance)

£140,442

Mortgage LTV

75%

Cash Released

£24,192

Cash Left In

£62,957

Equity

£46,814

Rent Range

£950 - £1,350

Rent Estimate

£1,118

Running Costs/mo

£829

Cashflow/mo

£289

Cashflow/yr

£3,471

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £110K to £495K, average is £202.5K. £1.6K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£210K10/210.11 mi18, Laceby Walk, Northampton, Northamptonshire NN3 8PN3
£200K02/210.11 mi10, Pindar Rise, Northampton, Northamptonshire NN3 8YD3
£195K04/230.16 mi34, Sidebrook Court, Northampton, West Northamptonshire NN3 8UT3
£172.5K05/210.16 mi37, Sidebrook Court, Northampton, Northamptonshire NN3 8UT3
£205K02/210.17 mi12, Watermeadow Drive, Northampton, Northamptonshire NN3 8PL3
£185K11/200.17 mi28, Watermeadow Drive, Northampton, Northamptonshire NN3 8PL3
£213K03/240.17 mi9, Watermeadow Drive, Northampton, West Northamptonshire NN3 8PL3
£210K10/230.2 mi24, Teesdale, Northampton, West Northamptonshire NN3 5DH3
£200K01/230.2 mi47, Teesdale, Northampton, West Northamptonshire NN3 5DH3
£180K03/240.22 mi67, Farm Field Court, Northampton, West Northamptonshire NN3 8AQ3
£185K05/210.22 mi46, Crestwood Gardens, Northampton, Northamptonshire NN3 8TZ3
£245K01/230.22 mi16, Crestwood Gardens, Northampton, West Northamptonshire NN3 8TZ3
£178K02/210.23 mi1, Duckworth Dell, Northampton, Northamptonshire NN3 5DG3
£165K03/210.24 mi12, Streambank Road, Northampton, West Northamptonshire NN3 8YG3
£297K05/230.26 mi12, Clock Tower Court, Northampton, West Northamptonshire NN3 8YP3
£213K11/200.26 mi18, Clock Tower Court, Northampton, Northamptonshire NN3 8YP3
£167.5K08/210.28 mi47, Nicholls Court, Northampton, West Northamptonshire NN3 8AP3
£218K04/230.28 mi12, Lower Meadow Court, Northampton, West Northamptonshire NN3 8AU3
£210K12/220.29 mi3, Donellan Green, Northampton, West Northamptonshire NN3 5DJ3
£195K10/210.3 mi7, Medellin Hill, Northampton, Northamptonshire NN3 5DF3
£181K05/210.3 mi18, Medellin Hill, Northampton, Northamptonshire NN3 5DF3
£210K12/220.31 mi61, Booth Meadow Court, Northampton, West Northamptonshire NN3 8AJ3
£160K03/210.32 mi62, Booth Meadow Court, Northampton, Northamptonshire NN3 8AJ3
£179K11/230.32 mi1, Arbour View Court, Northampton, West Northamptonshire NN3 8AR3
£240K09/210.33 mi43, Chatsworth Avenue, Northampton, Northamptonshire NN3 8JD3
£220K03/240.33 mi3, Chatsworth Avenue, Northampton, West Northamptonshire NN3 8JD3
£235K04/210.33 mi4, Chatsworth Avenue, Northampton, Northamptonshire NN3 8JD3
£186K05/210.34 mi18, Spelhoe Street, Northampton, Northamptonshire NN3 5AX3
£195K07/230.34 mi13, Spelhoe Street, Northampton, West Northamptonshire NN3 5AX3
£226K08/210.35 mi7, Retford Court, Northampton, West Northamptonshire NN3 8QW3
£210K07/230.36 mi1, Brackenfield Square, Northampton, West Northamptonshire NN3 5AS3
£220K01/210.36 mi7, Goldenash Court, Northampton, Northamptonshire NN3 8JE3
£161K03/210.37 mi3, Jasper Walk, Northampton, Northamptonshire NN3 8YN3
£220K02/230.38 mi6, Micklewell Lane, Northampton, West Northamptonshire NN3 5AU3
£145K07/210.38 mi24, Micklewell Lane, Northampton, West Northamptonshire NN3 5AU3
£153K05/210.41 mi16, Holmecross Road, Northampton, West Northamptonshire NN3 8AW3
£190K04/210.45 mi27, Farmhill Road, Northampton, Northamptonshire NN3 5NU3
£185K12/200.45 mi29, Farmhill Road, Northampton, Northamptonshire NN3 5NU3
£270K12/230.46 mi43, Pine Ridge, Northampton, West Northamptonshire NN3 5LL3
£257K03/230.49 mi86, Hamsterly Park, Northampton, West Northamptonshire NN3 5DX3
£189K12/200.49 mi63, Osmund Drive, Northampton, Northamptonshire NN3 8XB3
£110K12/220.49 mi27, Osmund Drive, Northampton, West Northamptonshire NN3 8XB3
£330K02/230.5 mi29, Heather Lane, Northampton, West Northamptonshire NN3 8EY3
£190K11/200.51 mi79, Wade Meadow Court, Northampton, Northamptonshire NN3 8NB3
£495K11/200.51 mi96, Lumbertubs Lane, Northampton, Northamptonshire NN3 6AH3
£250K04/230.51 mi34, Lumbertubs Lane, Northampton, West Northamptonshire NN3 6AH3
£215K08/230.51 mi35, Poppyfield Court, Northampton, West Northamptonshire NN3 8NG3
£235K08/210.52 mi26, Heather Lane, Northampton, Northamptonshire NN3 8EY3
£175K04/210.53 mi47, Wade Meadow Court, Northampton, Northamptonshire NN3 8ND3
£269.5K05/230.54 mi1, Ludlow Close, Northampton, West Northamptonshire NN3 5LJ3

Local Rents

15 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25008/240.03 mi-3
£1,25010/240.03 mi-3
£1,20006/240.03 miDairy Meadow Court, Thorplands - NN33
£1,20008/240.07 miMidfield Court, Thorplands, Northampton, NN33
£95007/240.21 miTeesdale, Northampton, NN33
£99506/240.25 miGreat Holme Court, Thorplands, Northampton NN33
£1,05006/240.25 miDonellan Green, Southfields, Northampton NN33
£95006/240.28 miMedellin Hill, Southfields, Northampton, Northamptonshire, NN33
£1,30004/250.33 mi-3
£1,35011/240.33 mi-3
£1,17508/240.35 miBooth Meadow Court, Northampton, Northamptonshire, NN33
£1,17507/240.41 miBooth Meadow Court, Thorplands, Northampton NN33
£1,10006/240.43 miBarnhill Square, Southfields, Northampton NN33
£1,27512/240.44 mi-3
£1,25006/240.61 miLongueville Court, Lumbertubs, Northampton NN33

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

3.17 miles away

Nearest school

0.20 miles away

Nearest train station

3.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £155,000

June 19, 2024

Sold for £116,000

2007

Sold for £81,250

2006

Floor Plans

Description

  • Ideal for First Time Buyers / Investors +
  • Requiring Full Renovation throughout +
  • 3 Bedrooms +
  • 2 Receptions +
  • Downstairs WC +
  • No Onward Chain +

PRICED FOR A QUICK SALE This 3 bed End Terraced is full of potential. Offered to market with No Onward Chain it is ideal for First Time Buyers or Investors.

In need of modernisation providing the opportunity to add value and make a perfect home.

Situated in the popluar Thorplands area, this property offers a great location with convenient access to local amenities and transport links.

The property comprises Entrance Hall, Lounge, Reception, Outhouse, downstairs WC, Three Bedrooms, Kitchen, Bathroom, Double Glazing, Gas Central Heating (untested) and rear access to the Garden.

Entrance Hall -

Cloakroom/Wc -

Living Room - 4.04m x 3.28m (13'3 x 10' 0)

Dining Room - 3.28m x 2.13m (10'9 x 7' 0)

Kitchen - 2.74m x 2.74m (9'0 x 9'0)

Outhouse/Conservatory- 5.79m x 1.52m (19'0" x 5' 0)

Bedroom 1 - 3.35m x 3.20m (11'0 x 10'6)

Bedroom 2 - 3.35m x 2.44m (11'0 x 8'0)

Bedroom 3 - 2.90m x 2.62m (9'6 x 8'7)

Bathroom -

Rear Garden

Council Tax Band : A
Tenure: Freehold

Disclaimer
1. These particulars are prepared in good faith by Offerise to give a fair overall view of the property and do not constitute any part of an offer or contract. They must not be relied upon as statements or representations of fact. All measurements are given as a guide only and no liability can be accepted for any errors arising from them.

2. Photographs depict only certain parts of the property. It should not be assumed that the contents/furnishings, furniture etc. Photographed are included in the sale.

3. Nothing in these particulars shall be deemed as fact or a statement that the property is in good structural condition or otherwise. No responsibility is taken for any error, omission or mis-statement.

4. Purchasers should check all services/appliances/equipment are in good working order prior to exchange of contracts as these have not been tested and no warranty can be given as to their condition. Offerise nor its employees have any authority to make or give representations or warranties whatever to this property.

Agent Details

Offerise, Harrow

020 7870 1664

Next Steps?

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