2 Bed Terraced House, Refurb/BRRR, Northampton, NN2 6DN, £165,000

Cambridge Street, Abington, Northampton, NN2 6DN - 4 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£120K - £229K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£160,908

 

 

End Value (After Refurb)

£165,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£30,190

Bridging Loan Interest

£4,331

Total Cash In

£83,671

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,000

Mortgage (After Refinance)

£123,750

Mortgage LTV

75%

Cash Left In

£83,671

Equity

£41,250

Rent Range

£800 - £2,595

Rent Estimate

£1,107

Running Costs/mo

£757

Cashflow/mo

£350

Cashflow/yr

£4,200

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £120K to £229K, average is £169.5K. £1.5K/m² to £4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£177K06/230.02 mi30, Baker Street, Northampton, West Northamptonshire NN2 6DJ2
£183K11/230.04 mi62, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£185K02/230.04 mi38, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£150K06/230.04 mi25, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£196K03/230.04 mi4, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£165K02/230.05 mi29, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£175K10/230.05 mi26, Stanley Street, Northampton, West Northamptonshire NN2 6DE2
£160K02/240.06 mi83, Stanley Street, Northampton, West Northamptonshire NN2 6DD2
£155K02/210.08 mi20, Gordon Street, Northampton, Northamptonshire NN2 6BZ2
£160K01/210.11 mi54, Salisbury Street, Northampton, Northamptonshire NN2 6BS2
£156K03/210.11 mi52, Salisbury Street, Northampton, Northamptonshire NN2 6BS2
£151K02/240.12 mi83, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£150K11/230.12 mi9, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£170K02/230.12 mi81, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£191.5K03/230.13 mi127, St Andrews Road, Northampton, West Northamptonshire NN2 6HN2
£158K06/230.13 mi124, St Andrews Road, Northampton, West Northamptonshire NN2 6HN2
£125K11/200.14 mi82, Lower Hester Street, Northampton, Northamptonshire NN2 6BL2
£154K01/210.16 mi79, Lower Hester Street, Northampton, Northamptonshire NN2 6BJ2
£165K09/210.19 mi1, Northcote Street, Northampton, Northamptonshire NN2 6BE2
£165K04/210.19 mi75, Northcote Street, Northampton, Northamptonshire NN2 6BE2
£175K08/230.19 mi75, Northcote Street, Northampton, West Northamptonshire NN2 6BE2
£189K11/230.2 mi9, Hester Street, Northampton, West Northamptonshire NN2 6AP2
£169K04/230.21 mi136, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£175K10/230.21 mi107, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£155K12/200.21 mi111, Lower Adelaide Street, Northampton, Northamptonshire NN2 6BB2
£188K01/230.21 mi62, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£135K07/210.21 mi2, Currie Road, Northampton, Northamptonshire NN2 6HG2
£175K11/230.22 mi3, Leslie Road, Northampton, West Northamptonshire NN2 6BD2
£200K12/200.24 mi9, Lyncroft Way, Northampton, Northamptonshire NN2 6LX2
£220K06/210.24 mi3, Lyncroft Way, Northampton, Northamptonshire NN2 6LX2
£177.5K03/230.28 mi22, Hampton Street, Northampton, West Northamptonshire NN1 2PH2
£132K12/200.28 mi43, Hampton Street, Northampton, Northamptonshire NN1 2PH2
£122.5K03/210.32 mi64, St Andrews Road, Northampton, Northamptonshire NN1 2PD2
£145K12/200.33 mi39, Brook Street, Northampton, Northamptonshire NN1 2PE2
£176K08/210.34 mi11, Brook Street, Northampton, Northamptonshire NN1 2PE2
£212.5K04/240.36 mi34, Balfour Road, Northampton, West Northamptonshire NN2 6JR2
£168K11/200.36 mi24, Balfour Road, Northampton, Northamptonshire NN2 6JR2
£149K06/230.4 mi82, Louise Road, Northampton, West Northamptonshire NN1 3RR2
£172K02/210.4 mi12, Louise Road, Northampton, Northamptonshire NN1 3RR2
£225K01/230.45 mi6, Tintern Avenue, Northampton, West Northamptonshire NN5 7BZ2
£175K01/230.49 mi52, Stanhope Road, Northampton, West Northamptonshire NN2 6JX2
£220K01/230.51 mi56, Stanhope Road, Northampton, West Northamptonshire NN2 6JX2
£185K11/200.52 mi1, Camrose Road, Northampton, Northamptonshire NN5 7DB2
£120K07/230.53 mi19, Poole Street, Northampton, West Northamptonshire NN1 3EX2
£170K12/230.53 mi106, Stanhope Road, Northampton, West Northamptonshire NN2 6JX2
£180K01/210.53 mi31, Stanhope Road, Northampton, Northamptonshire NN2 6JU2
£229K03/230.53 mi24, Stanhope Road, Northampton, West Northamptonshire NN2 6JX2
£165.5K11/200.55 mi11, Austin Street, Northampton, Northamptonshire NN1 3EY2
£162K02/210.55 mi9, Austin Street, Northampton, Northamptonshire NN1 3EY2
£160K03/230.55 mi14, Austin Street, Northampton, West Northamptonshire NN1 3EY2

Local Rents

49 rents from £800/mo to £2.6K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95006/240.01 miCambridge Street, Semilong, Northampton, Northamptonshire, NN22
£95007/240.02 miCambridge Street, Semilong, Northampton, NN22
£97506/240.05 miStanley Road, St James, Northampton2
£1,20011/240.06 mi-2
£1,10004/250.06 mi-2
£97508/240.06 miStanley Street, Semilong, Northampton, NN22
£1,10006/240.06 miStanley Street, Northampton, NN22
£1,10006/240.06 mi-2
£97502/240.06 miEssex Street, Semilong, Northampton, Northamptonshire, NN22
£1,00007/240.06 mi-2
£1,00006/240.06 miNorfolk Street, Northampton, NN22
£1,25003/250.07 mi-2
£92506/240.08 miBaker Street, Semilong, Northampton NN22
£90007/240.09 miGordon Street, Northampton2
£1,02507/240.11 miSalisbury Street, Northampton2
£1,02508/240.11 miSalisbury Street, Northampton2
£85006/240.12 miNaseby Street, Semilong - NN22
£85006/240.12 miNaseby Street, Semilong - NN22
£80006/240.12 miSalisbury Street, Semilong, Northampton, NN22
£1,10006/240.13 mi-2
£1,10003/250.13 mi-2
£1,15003/250.13 mi-2
£99005/240.15 mi-2
£99005/240.15 mi-2
£85007/240.16 miSemilong Road, Semilong, Northampton, NN22
£1,20003/250.16 mi-2
£87507/240.19 miLatchford Court, Semilong - NN22
£92508/240.2 miSemilong Court, Northampton2
£92508/240.2 miSemilong Court, Northampton, NN22
£1,15006/240.24 mi-2
£1,15004/250.24 mi-2
£2,59506/240.27 mi-2
£2,59507/240.27 mi-2
£1,41010/240.27 mi-2
£99504/250.31 mi-2
£1,10006/240.32 mi-2
£1,10006/240.32 miUppingham Street, Northampton, NN12
£1,05001/250.32 mi-2
£1,25006/240.33 miPembroke Crescent, NORTHAMPTON2
£99506/240.33 miBrook Street, Northampton, NN1 2PE2
£1,00006/240.33 miBrook Street, Semilong, Northampton, NN12
£97509/240.34 mi-2
£1,05006/240.35 miBrook Street, Semilong, Northampton, NN12
£92507/240.36 mi-2
£87511/240.37 mi-2
£90009/240.38 miAldbury Court, St Georges Street, Northampton, NN1 2TP2
£90008/240.38 miAldbury Court, St Georges Street, Northampton, NN1 2TP2
£80006/240.41 miChalfont Court, Upper Priory Street, Semilong, Northampton NN1 2TW2
£1,04506/240.42 miChalfont Court, Northampton, NN12

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

0.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £165,000

August 7, 2024

Floor Plans

Description

  • Tenant in Situ +
  • Close to Town Centre & Train Station +
  • Double Glazing & Gas Radiator Heating +
  • Separate Reception Rooms +
  • Two Bedrooms +
  • Cellar +

INVESTORS ONLY. Ideal as an investment as being sold with tenant in situ this property is in need of some general improvement and is located within a mile of the railway station with local amenities close by. Accommodation offers a hallway, lounge, dining room, kitchen, ground floor WC, cellar, first floor landing, two bedrooms and a large bathroom. Outside is a courtyard style rear garden.  EPC Rating: D. Council Tax Band: A

ENTRANCE HALL Half glazed entrance door from recessed porch. Staircase rising to first floor landing.

LOUNGE 3.20m x 3.30m (10'6 x 10'10) Double glazed window to front elevation. Radiator. Chimney breast and alcoves. Radiator.

DINING ROOM 3.45m x 3.45m (11'4 x 11'4) Sliding double glazed doors to garden. Radiator.

KITCHEN 3.35m x 2.31m (11'0 x 7'7) Half glazed door to garden. Double glazed window to side elevation. Wall and base units with work surfaces over. Sink unit. Radiator. Door to cellar.

REAR LOBBY Wall mounted gas fired boiler. Door to WC.

WC Obscure window to rear elevation. WC.

FIRST FLOOR LANDING Access to loft space. Doors to:

BEDROOM ONE 3.20m x 4.29m (10'6 x 14'1) Double glazed window to front elevation. Radiator. Chimney breast and cupboard to one alcove.

BEDROOM TWO 3.48m x 2.74m (11'5 x 9'0) Double glazed window to rear elevation. Radiator.

BATHROOM 3.20m x 2.29m (10'6 x 7'6) Obscure window to rear elevation. Radiator. Suite comprising panelled bath, wash hand basin and low level WC. Cupboard housing hot water cylinder.

OUTSIDE REAR GARDEN Courtyard style garden.

MATERIAL INFORMATION

Electricity Supply – Ask Agent Gas Supply – Ask Agent Electricity/Gas Supplier - Water Supply – Ask Agent Sewage Supply – Ask Agent Broadband - Mobile Coverage - Solar PV Panels – Ask Agent EV Car Charge Point – Ask Agent Primary Heating Type – Ask Agent Parking – Ask Agent Accessibility – Ask Agent Right of Way – Ask Agent Restrictions – Ask Agent Flood Risk - Property Construction – Ask Agent Outstanding Building Work/Approvals – Ask Agent

DRAFT DETAILS At the time of print, these particulars are awaiting approval from the Vendor(s). Agents Notes i Viewings by appointment only through Jackson Grundy ii These particulars do not form part of any offer or contract and should not be relied upon as statements or representation of fact. They are not intended to make or give representation or warranty whatsoever in relation to the property and any intending purchaser or lessee should satisfy themselves by inspection or otherwise as to the correctness of the same iii Photographs illustrate parts of the property as were apparent at the time they were taken iv Any areas, measurements, distances or illustrations are approximate for reference only v We have not tested the appliances, services and specific fittings, an intending purchaser must satisfy himself by inspection by independent advice and/or otherwise to this property.

Agent Details

Jackson Grundy Estate Agents, Northampton

01604 279789

Next Steps?

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