2 Bed Bungalow, Refurb/BRRR, Northampton, NN5 6AT, £199,995

Pennine Way, Duston, Northampton, NN5 6AT - 5 views - 8 months ago

Sold STC
Refurb/BRRR
~80 m²

ValuationFair Value

Sold Prices£152K - £305K
Sold Prices/m²£1.9K/m² - £4.7K/m²

 

 

Square Metres

~79.60 m²
Price/m²£2.5K/m²

Value Estimate

£203,995

 

 

End Value (After Refurb)

£246,941

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,999

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£34,921

Bridging Loan Interest

£5,250

Total Cash In

£99,120

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,941

Mortgage (After Refinance)

£185,206

Mortgage LTV

75%

Cash Released

£35,209

Cash Left In

£63,910

Equity

£61,735

Rent Range

£950 - £1,250

Rent Estimate

£1,035

Running Costs/mo

£999

Cashflow/mo

£36

Cashflow/yr

£436

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £152K to £305K, average is £215K. £1.9K/m² to £4.7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£190K01/210.04 mi11, Mendip Road, Northampton, Northamptonshire NN5 6AS2
£203K10/230.12 mi16, Malvern Grove, Northampton, West Northamptonshire NN5 6AY2
£175K09/210.15 mi36, Bants Lane, Northampton, Northamptonshire NN5 6AL2
£215K12/200.17 mi22, Lovat Drive, Northampton, Northamptonshire NN5 5NU2
£170K11/210.18 mi17, Carlyle Avenue, Northampton, West Northamptonshire NN5 5NR2
£197K04/210.18 mi15, Carlyle Avenue, Northampton, Northamptonshire NN5 5NR2
£223K09/210.2 mi150, Duston Road, Northampton, Northamptonshire NN5 5AU2
£205K05/230.21 mi55, Cameron Drive, Northampton, West Northamptonshire NN5 5NZ2
£184K02/210.21 mi4, Cameron Drive, Northampton, Northamptonshire NN5 5NZ2
£250K01/230.21 mi16a, Cameron Drive, Northampton, West Northamptonshire NN5 5NZ2
£210K10/230.21 mi41, Cameron Drive, Northampton, West Northamptonshire NN5 5NZ2
£235K11/230.21 mi13, Chiltern Close, Northampton, West Northamptonshire NN5 6AX2
£210K10/210.22 mi130, Duston Road, Northampton, Northamptonshire NN5 5AU2
£222.5K03/230.24 mi56, Malcolm Drive, Northampton, West Northamptonshire NN5 5NL2
£178K12/200.26 mi130, Chiltern Way, Northampton, Northamptonshire NN5 6BP2
£200K04/210.26 mi146, Chiltern Way, Northampton, Northamptonshire NN5 6BP2
£225K12/220.26 mi120, Bants Lane, Northampton, West Northamptonshire NN5 6AH2
£270K06/230.26 mi49, Quantock Crescent, Northampton, West Northamptonshire NN5 6DN2
£265K01/210.26 mi45, Quantock Crescent, Northampton, Northamptonshire NN5 6DN2
£190K04/230.28 mi3, Trevor Close, Northampton, West Northamptonshire NN5 5PQ2
£195K11/210.3 mi57, Duston Road, Northampton, Northamptonshire NN5 5AR2
£285K08/210.31 mi52, Longmynd Drive, Northampton, Northamptonshire NN5 6DH2
£205K06/210.32 mi17, Trevor Crescent, Northampton, Northamptonshire NN5 5PG2
£187.5K03/210.32 mi41, Windsor Crescent, Northampton, Northamptonshire NN5 5AP2
£230K07/230.33 mi35, Crawford Avenue, Northampton, West Northamptonshire NN5 5PA2
£218K12/220.33 mi15, Crawford Avenue, Northampton, West Northamptonshire NN5 5PA2
£215K09/230.35 mi12, Longmynd Drive, Northampton, West Northamptonshire NN5 6DQ2
£218K12/230.4 mi148, Malcolm Drive, Northampton, West Northamptonshire NN5 5NH2
£175K07/210.4 mi146, Malcolm Drive, Northampton, Northamptonshire NN5 5NH2
£240K10/210.44 mi10, Knightscliffe Way, Northampton, Northamptonshire NN5 6DG2
£240K05/230.44 mi34, Knightscliffe Way, Northampton, West Northamptonshire NN5 6DG2
£285K01/240.44 mi19, Edgehill Road, Northampton, West Northamptonshire NN5 6DA2
£305K08/210.45 mi7, Holmleigh Close, Northampton, Northamptonshire NN5 6JE2
£180K10/200.45 mi7, Holmleigh Close, Northampton, Northamptonshire NN5 6JE2
£230K05/240.46 mi48, Edgehill Road, Northampton, West Northamptonshire NN5 6BZ2
£152.5K12/200.47 mi42, Javelin Close, Northampton, Northamptonshire NN5 6PL2
£160K10/230.48 mi69, Sir John Pascoe Way, Northampton, West Northamptonshire NN5 6PN2
£163K09/230.48 mi65, Sir John Pascoe Way, Northampton, West Northamptonshire NN5 6PN2
£215K05/210.49 mi19, Pond Farm Close, Northampton, Northamptonshire NN5 6JQ2
£240K12/230.5 mi31, Ashwood Road, Northampton, West Northamptonshire NN5 6JR2
£233K09/210.5 mi17, Ashwood Road, Northampton, Northamptonshire NN5 6JR2
£157K10/230.5 mi31, Javelin Close, Northampton, North Northamptonshire NN5 6PJ2
£235K06/230.5 mi21, Javelin Close, Northampton, West Northamptonshire NN5 6PJ2
£152K02/210.52 mi29, Javelin Close, Northampton, Northamptonshire NN5 6PJ2
£247K04/210.52 mi5, Holyrood Road, Northampton, Northamptonshire NN5 7AH2
£220K12/200.53 miLumley, Sycamore Road, Northampton, Northamptonshire NN5 6JS2
£270K01/230.55 mi34, Beechwood Road, Northampton, West Northamptonshire NN5 6JT2
£175K02/210.55 mi8, Beechwood Road, Northampton, Northamptonshire NN5 6JT2
£195K04/240.55 mi26, Glasgow Street, Northampton, West Northamptonshire NN5 5BL2
£297K01/210.59 mi17, Ashtree Way, Northampton, Northamptonshire NN5 6HT2

Local Rents

25 rents from £950/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99506/240.09 miMendip Road, Duston, Northampton2
£1,25008/240.2 mi-2
£1,15003/250.23 mi-2
£1,15003/250.23 mi-2
£1,15002/250.29 mi-2
£1,00007/240.32 miNorthampton2
£1,00008/240.34 miNorman Snow Way, Duston2
£1,00008/240.34 miNorman Snow Way, Duston2
£1,10006/240.39 miEinstein Crescent, Timken - NN52
£1,09507/240.39 miMontfort Close, Duston, Northampton, NN5 5AN2
£1,15006/240.43 miEinstein Crescent, Duston, Northampton, Northamptonshire, NN52
£1,00007/240.44 miDigby Close, Timken Way, Duston - NN52
£1,05007/240.45 miEdgehill Road, Duston, Northampton, NN52
£1,05008/240.5 miEdgehill Road, Duston, Northampton NN52
£1,05008/240.5 miEdgehill Road, Duston, Northampton NN52
£1,05008/240.5 miEdgehill Road, Duston, Northampton NN52
£1,10004/250.52 mi-2
£97508/240.55 miWeedon Road, Northampton, NN5 5BF2
£97508/240.57 miFirst Lane, St. James - NN52
£95006/240.57 miWeedon Road, St. James - NN52
£1,09507/240.58 miTown Corner, St James, Northampton2
£1,00006/240.59 miLimehurst Square, NN52
£97507/240.59 miLimehurst Square, Duston, NN52
£99506/240.59 miThe Approach, Lifebuilding, St James, NN52
£99506/240.59 miThe Approach, Lifebuilding, St James, NN52

Local Area Statistics

Population in NN5

38,028

Population in Northampton

281,924

Town centre distance

1.82 miles away

Nearest school

0.20 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-11%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £199,995

August 12, 2024

Floor Plans

Description

  • No Chain +
  • Garage & Parking +
  • Gas Radiator Heating +
  • In Need Of Full Modernisation +
  • Two Bedroom Semi Detached Bungalow +
  • Downstairs Bathroom +

Jackson Grundy are pleased to welcome to the market this two bedroom dormer bungalow in this popular area of Duston. Requiring full modernisation the accommodation comprises entrance hall, double bedroom, lounge, kitchen and extended dining room. Upstairs there is a further double bedroom and eaves storage. Further benefits include garage, parking and gas central heating. EPC Rating: TBC. Council Tax Band: C

PORCH Double entrance doors. Door to:

HALLWAY Radiator. Staircase rising to first floor. Doors to:

BEDROOM ONE 3.76m x 2.95m (12'4 x 9'8) Single glazed window to front elevation. Radiator. Built in wardrobe.

LOUNGE 4.34m x 3.05m (14'3 x 10'0) Single glazed window to front elevation. Radiator. Feature tiled fireplace.

BATHROOM 1.80m x 1.70m (5'11 x 5'7) Single glazed window to side elevation. Radiator. Suite comprising WC, wash hand basin and panelled bath with shower over. Tiling to splash back areas.

KITCHEN 3.56m Max x 1.73m Min (11'8 Max x 5'8 Min) Single glazed windows to side and rear elevations. Base units. Stainless steel sink. Tiling to splash back areas. Original cupboard storage. Lyno flooring.

DINING ROOM 5.38m x 2.26m (17'8 x 7'5) Double glazed side door and single glazed window to rear elevation. Radiator. Understairs cupboard.

FIRST FLOOR LANDING Doors to bedroom and eaves storage.

BEDROOM TWO 3.35m x 3.61m (11'0 x 11'10) Window to side elevation. Radiator. Eaves storage.

OUTSIDE FRONT GARDEN Low level brick wall. Bushes to front. Off road parking.

REAR GARDEN Enclosed by panelled fencing. Patio. Hedging and bushes. Garage.

GARAGE Up an over door. Window to side elevation. Single door to front.

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, Duston

01604 279838

Next Steps?

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