3 Bed Semi-Detached House, Refurb/BRRR, Kettering, NN15 5NU, £240,000

NN15 5NU Station Road, Burton Latimer - 1 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+29 photos

ValuationFair Value

Sold Prices£140K - £345K
Sold Prices/m²£1.8K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£240,510

 

 

End Value (After Refurb)

£266,691

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£41,600

Bridging Loan Interest

£6,300

Total Cash In

£118,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£266,691

Mortgage (After Refinance)

£200,018

Mortgage LTV

75%

Cash Released

£20,018

Cash Left In

£98,032

Equity

£66,673

Rent Range

£700 - £4,750

Rent Estimate

£1,313

Running Costs/mo

£1,116

Cashflow/mo

£197

Cashflow/yr

£2,364

ROI

2%

Gross Yield

7%

Local Sold Prices

49 sold prices from £140K to £345K, average is £212.5K. £1.8K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£230K05/210.01 mi154, Station Road, Burton Latimer, Kettering, Northamptonshire NN15 5NU3
£306K07/210.06 mi133, Station Road, Burton Latimer, Kettering, North Northamptonshire NN15 5PA3
£250K06/240.07 mi169, Station Road, Burton Latimer, Kettering, North Northamptonshire NN15 5NZ3
£190K11/200.1 mi2, Regent Close, Burton Latimer, Kettering, Northamptonshire NN15 5QS3
£220K06/230.1 mi28, West Avenue, Burton Latimer, Kettering, North Northamptonshire NN15 5PQ3
£178K10/200.1 mi9, West Avenue, Burton Latimer, Kettering, Northamptonshire NN15 5PQ3
£157K11/230.1 mi17, West Avenue, Burton Latimer, Kettering, North Northamptonshire NN15 5PQ3
£185K11/200.12 mi3, South Avenue, Burton Latimer, Kettering, Northamptonshire NN15 5PE3
£345K05/210.13 mi10, Bridle Road, Burton Latimer, Kettering, Northamptonshire NN15 5QP3
£316K03/240.15 mi18, East Avenue, Burton Latimer, Kettering, North Northamptonshire NN15 5PF3
£300K11/230.17 mi17, Shakespeare Drive, Burton Latimer, Kettering, North Northamptonshire NN15 5QT3
£250K05/230.17 mi6, Shakespeare Drive, Burton Latimer, Kettering, North Northamptonshire NN15 5QT3
£185K02/210.21 mi16, Sandpiper Close, Burton Latimer, Kettering, Northamptonshire NN15 5TF3
£220K03/230.21 mi6, Sandpiper Close, Burton Latimer, Kettering, North Northamptonshire NN15 5TF3
£235K06/230.21 mi10, Sandpiper Close, Burton Latimer, Kettering, North Northamptonshire NN15 5TF3
£250K11/230.23 mi50, Station Road, Burton Latimer, Kettering, North Northamptonshire NN15 5NX3
£187.5K12/200.24 mi60, Park Road, Burton Latimer, Kettering, Northamptonshire NN15 5QY3
£210K07/240.24 mi93, Station Road, Burton Latimer, Kettering, North Northamptonshire NN15 5PB3
£178K12/200.24 mi57, Station Road, Burton Latimer, Kettering, Northamptonshire NN15 5PB3
£232.5K03/210.25 mi14, Mallard Drive, Burton Latimer, Kettering, Northamptonshire NN15 5TG3
£207.5K04/210.29 mi33, Pioneer Avenue, Burton Latimer, Kettering, North Northamptonshire NN15 5LJ3
£255K09/230.3 mi2, Bunting Close, Burton Latimer, Kettering, North Northamptonshire NN15 5TD3
£195K10/230.3 mi8, Pioneer Avenue, Burton Latimer, Kettering, North Northamptonshire NN15 5LH3
£190K01/210.3 mi26, Pioneer Avenue, Burton Latimer, Kettering, North Northamptonshire NN15 5LH3
£190K02/210.3 mi3, Swan Close, Burton Latimer, Kettering, Northamptonshire NN15 5TN3
£275K01/230.31 mi86, Churchill Way, Burton Latimer, Kettering, North Northamptonshire NN15 5RS3
£209K04/210.33 mi64, Churchill Way, Burton Latimer, Kettering, Northamptonshire NN15 5RU3
£200K02/240.33 mi11, Churchill Way, Burton Latimer, Kettering, North Northamptonshire NN15 5RX3
£140K10/210.33 mi1, Churchill Way, Burton Latimer, Kettering, Northamptonshire NN15 5RX3
£205K11/200.33 mi61, Churchill Way, Burton Latimer, Kettering, Northamptonshire NN15 5RX3
£195K12/200.33 mi9, Churchill Way, Burton Latimer, Kettering, Northamptonshire NN15 5RX3
£253K04/230.33 mi21, Kingfisher Way, Burton Latimer, Kettering, North Northamptonshire NN15 5TE3
£210K12/200.33 mi17, Kingfisher Way, Burton Latimer, Kettering, Northamptonshire NN15 5TE3
£222K05/210.33 mi22, Kingfisher Way, Burton Latimer, Kettering, Northamptonshire NN15 5TE3
£283.5K06/230.33 mi22, Kingfisher Way, Burton Latimer, Kettering, North Northamptonshire NN15 5TE3
£310K10/230.33 mi20, Kingfisher Way, Burton Latimer, Kettering, North Northamptonshire NN15 5TE3
£212.5K05/210.33 mi122, Churchill Way, Burton Latimer, Kettering, Northamptonshire NN15 5RS3
£200K11/200.33 mi78, Churchill Way, Burton Latimer, Kettering, Northamptonshire NN15 5RS3
£240K12/220.35 mi92, Queensway, Burton Latimer, Kettering, North Northamptonshire NN15 5QJ3
£310K02/240.35 mi88, Queensway, Burton Latimer, Kettering, North Northamptonshire NN15 5QJ3
£205K06/230.36 mi54, Alexandra Street, Burton Latimer, Kettering, North Northamptonshire NN15 5SF3
£230K07/210.36 mi4, Trent Crescent, Burton Latimer, Kettering, Northamptonshire NN15 5RY3
£228K07/210.36 mi123, Queensway, Burton Latimer, Kettering, Northamptonshire NN15 5QQ3
£205K12/200.36 mi131, Queensway, Burton Latimer, Kettering, Northamptonshire NN15 5QQ3
£200K02/230.38 mi9, Alexandra Street, Burton Latimer, Kettering, North Northamptonshire NN15 5SE3
£155K09/200.38 mi32, Alexandra Street, Burton Latimer, Kettering, Northamptonshire NN15 5SF3
£160K02/210.38 mi67, Alexandra Street, Burton Latimer, Kettering, Northamptonshire NN15 5SE3
£219.9K07/230.38 mi65, Alexandra Street, Burton Latimer, Kettering, North Northamptonshire NN15 5SE3
£235K10/220.39 mi59, Alexandra Street, Burton Latimer, Kettering, North Northamptonshire NN15 5SE3

Local Rents

54 rents from £700/mo to £4.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£70012/240.16 mi-1
£1,05012/240.26 mi-3
£3,50006/240.29 mi-4
£1,82012/240.29 mi-2
£85012/240.39 mi-2
£85012/240.46 mi-2
£1,05012/240.52 mi-3
£1,55001/250.58 mi-5
£1,68512/240.66 mi-5
£80006/240.75 mi-1
£80006/240.75 mi-1
£80006/240.75 mi-1
£1,15012/240.79 miSouth Street, Isham, NN143
£2,50006/240.81 miMiddle Street, Isham, NN144
£1,20006/240.91 mi-3
£1,49506/241.06 miWinston Drive, Isham, Kettering, Northamptonshire, NN144
£1,50001/251.12 mi-4
£1,10006/241.17 mi-3
£1,10006/241.17 mi-3
£1,25012/241.25 mi-3
£1,07512/241.35 mi-3
£1,07506/241.35 miStratfield Way, Kettering, NN153
£75006/241.52 miChatsworth Avenue, Kettering, Northamptonshire2
£4,75006/241.57 miPoplars Farm Road, Barton Seagrave6
£1,25002/241.71 mi-3
£1,30011/241.71 mi-3
£1,29506/241.76 miClarke's Barns Lane, Cranford, Northamptonshire, NN143
£1,49512/241.76 miClarke's Barns Lane, Cranford, Northamptonshire, NN144
£1,09501/251.76 mi-2
£1,20001/251.77 mi-3
£1,15012/241.8 mi-3
£1,20010/241.81 mi-3
£1,20012/241.81 mi-3
£1,25011/241.84 mi-3
£97506/241.84 mi-2
£2,70003/241.88 mi-3
£1,10006/241.92 mi-3
£1,10006/241.92 mi-3
£1,25001/251.92 mi-3
£1,25011/241.93 mi-3
£1,25006/241.95 mi-3
£1,09512/242 mi-3
£2,00006/242.01 miBugbrooke Lane, Barton Seagrave, Kettering, NN154
£1,00002/242.09 miBishops Drive, Kettering, Northamptonshire, NN153
£1,25001/252.12 mi-3
£1,01006/242.13 mi-3
£1,05006/242.13 mi-3
£92511/242.14 mi-2
£1,10006/242.15 mi-3
£1,30012/242.15 mi-3
£89502/242.15 mi-2
£1,20001/242.16 mi-3
£92506/242.19 miHigh Street, Cranford, Kettering, NN14 4AA2
£1,05012/242.19 mi-2

Local Area Statistics

Population in NN15

34,455

Population in Kettering

107,384

Town centre distance

2.66 miles away

Nearest school

0.30 miles away

Nearest train station

2.65 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+41%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £240,000

June 27, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • UTILTY AREA +
  • PRIVATE REAR GARDEN +
  • SEMI-DETACHED +

This three-bedroom semi-detached property on Station Road in Burton Latimer is an excellent opportunity for those looking to modernise and personalise their home. While in need of some refurbishment, the property boasts a beautifully landscaped rear garden that serves as a perfect retreat. Upon entering, you'll find a welcoming porch leading to a spacious lounge, ideal for family gatherings. The kitchen, with a separate dining room, offers a practical layout for cooking and entertaining. Additionally, a separate utility area provides extra convenience. Upstairs, the property features three well-sized bedrooms, each offering ample space for relaxation and personalisation. The family bathroom is also located on this floor, providing essential amenities for the household.
The exterior of the property includes a small, low-maintenance gravel frontage, ensuring easy upkeep. The highlight, however, is the private rear garden. This space is beautifully landscaped with mature shrubs, trees, and a well-maintained lawn, offering a serene outdoor area for relaxation and entertainment. Furthermore, the property is offered with no chain, ideal for those looking to invest in a property with the potential to create a modern, personalised living space while enjoying the benefits of a stunning garden.

Agent Details

BRENNAN BESPOKE, Kettering

01536 907869

Next Steps?

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