2 Bed Flat, Single Let, Northampton, NN3 8JN, £135,000

49 Burrows Court, Northamptonshire, NN3 8JN - 9 months ago

Sold STC
Leasehold
BTL
ROI: 9%
47 m²
+3 photos

ValuationOvervalued

Sold Prices£67.5K - £235K
Sold Prices/m²£572/m² - £3.3K/m²

 

 

Square Metres

47 m²
Price/m²£2.9K/m²

Value Estimate

£111,664

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£850 - £2,900

Rent Estimate

£925

Running Costs/mo

£627

Cashflow/mo

£298

Cashflow/yr

£3,578

ROI

9%

Gross Yield

8%

Local Sold Prices

25 sold prices from £67.5K to £235K, average is £145K. £572/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£112.5K11/200.02 mi79, Burrows Court, Northampton, Northamptonshire NN3 8JW2
£145K02/230.06 mi79, Burrows Court, Northampton, West Northamptonshire NN3 8JW2
£152K01/230.06 mi75, Burrows Court, Northampton, West Northamptonshire NN3 8JW2
£180K04/230.25 mi13, Hornbeam Court, Northampton, West Northamptonshire NN3 3RT2
£235K04/210.39 mi20, Greenway Avenue, Northampton, West Northamptonshire NN3 6JP2
£130K06/210.49 mi81, Grange Road, Northampton, Northamptonshire NN3 2AX2
£160K10/200.53 mi36, Yewtree Court, Northampton, Northamptonshire NN3 6SF2
£140K09/210.53 mi40, Yewtree Court, Northampton, West Northamptonshire NN3 6SF2
£170K09/220.73 mi48, Conifer Rise, Northampton, West Northamptonshire NN3 3JY2
£127K06/210.73 mi8, Conifer Rise, Northampton, Northamptonshire NN3 3JY2
£145K03/210.73 mi59, Conifer Rise, Northampton, Northamptonshire NN3 3JY2
£156K10/230.73 mi24, Conifer Rise, Northampton, West Northamptonshire NN3 3JY2
£142K07/230.83 mi42, Eden Close, Northampton, West Northamptonshire NN3 6NS2
£67.5K11/200.86 mi11, Dorman Close, Northampton, Northamptonshire NN3 6QG2
£125K03/230.88 mi31, Great Gull Crescent, Northampton, West Northamptonshire NN3 5AZ2
£215K10/220.89 mi11, Woolston Close, Northampton, West Northamptonshire NN3 6QJ2
£68K05/230.9 mi21, Woolston Close, Northampton, West Northamptonshire NN3 6QJ2
£190K09/230.9 mi1, Woolston Close, Northampton, West Northamptonshire NN3 6QJ2
£146K09/210.9 miFlat 6, Lakeview Court, Wildacre Drive, Northampton, Northamptonshire NN3 9GG2
£144K01/210.9 miFlat 10, Lakeview Court, Wildacre Drive, Northampton, Northamptonshire NN3 9GG2
£150K10/220.93 mi90, Howards Way, Northampton, West Northamptonshire NN3 6RP2
£150K11/220.93 mi72, Howards Way, Northampton, West Northamptonshire NN3 6RP2
£140K08/210.93 mi88, Howards Way, Northampton, Northamptonshire NN3 6RP2
£149.5K07/220.93 mi68, Howards Way, Northampton, West Northamptonshire NN3 6RP2
£130K05/220.93 mi74, Great Gull Crescent, Northampton, West Northamptonshire NN3 5BA2

Local Rents

17 rents from £850/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.03 miBurrows Court, NN32
£1,10008/240.03 miBurrows Court, NN32
£95008/240.03 miBurrows Court, Northampton2
£92508/240.24 miHolmecross Road, Northampton, Northamptonshire, NN3 8AW2
£92508/240.24 miHolmecross Road, Thorplands, Northampton, Northamptonshire, NN3 8AW2
£92507/240.25 miHolmecross Road, Thorplands, Northampton NN3 8AW2
£1,17511/240.32 mi-2
£2,90006/240.46 mi-2
£2,55008/240.46 mi-2
£2,55001/250.46 mi-2
£2,55012/240.46 mi-2
£92506/240.46 miGregory Gardens, Boothville - NN32
£85006/240.48 miGreat Holme Court, Northampton, NN3 8AE2
£1,10006/240.49 miGrange Road, NORTHAMPTON2
£1,00008/240.49 miGrange Road, NORTHAMPTON2
£1,10007/240.52 mi-2
£1,17504/250.55 mi-2

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

2.65 miles away

Nearest school

0.30 miles away

Nearest train station

3.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £135,000

July 11, 2024

Sold for £75,950

2004

Sold for £52,500

2002

Sold for £35,995

2001

Floor Plans

Description

  • Purpose built second floor apartment +
  • Two bedrooms with built in storage +
  • Sitting/dining room +
  • Fitted kitchen +
  • Family bathroom +
  • Off road residents parking +
  • Ideal first buy or investment purchase +

A well presented second floor purpose built apartment sold with no upward chain, situated within close proximity of local schools and amenities such Weston Favell shopping centre and good road links to A43/A45, offered for sale as an ideal investment opportunity, or first time buy.

Accommodation - The property is entered via secure communal entrance with intercom system, stepping into the hallway with wood effect laminate flooring leading to all respective rooms, the lounge/diner adjoins the fitted kitchen with modern base level and wall mounted units and work surfaces incorporating one a half stainless steel sink, integrated cooker and electric hob with extractor over, intergated dishwasher, space for washing machine and fridge freezer. There are two double bedrooms benefitting built in storage, and family bathroom with shower over bath, WC and wash basin.

Outside - There is off road parking available for residents and additional private store cupboard in the communal areas.

Lease Details - There is 82 years remaining on the lease, and is being renewed by the current owner
The ground rent is £185 per annum
The service charge is £1299 per annum

Local Authority - West Northamptonshire Council - Tel: 0300-1267000

Council Tax - Council Tax Band - A

Viewing Arrangements - Strictly by prior appointment via the agents Howkins & Harrison. Tel: 01604-823456

Fixtures And Fittings - Only those items in the nature of fixtures and fittings mentioned in these particulars are included in the sale. Other items are specifically excluded. None of the appliances have been tested by the agents and they are not certified or warranted in any way.

Services - None of the available services have been tested and purchasers should note that it is their specific responsibility to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity, gas and drainage services.

Floorplan - Howkins & Harrison provide these plans for reference only - they are not to scale.

Important Notice - Every care has been taken with the preparation of these Sales Particulars, but complete accuracy cannot be guaranteed. In all cases, buyers should verify matters for themselves. Where property alterations have been undertaken buyers should check that relevant permissions have been obtained. If there is any point, which is of particular importance let us know and we will verify it for you. These Particulars do not constitute a contract or part of a contract. All measurements are approximate. The Fixtures, Fittings, Services & Appliances have not been tested and therefore no guarantee can be given that they are in working order. Photographs are provided for general information and it cannot be inferred that any item shown is included in the sale. Plans are provided for general guidance and are not to scale.

Agent Details

Howkins & Harrison LLP, Northampton

01604 279440

Next Steps?

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