3 Bed Bungalow, Refurb/BRRR, Northampton, NN1 5LS, £225,000

115 Ardington Road, Northampton, NN1 5LS - 5 views - 8 months ago

Sold STC
Auction
Refurb/BRRR
Planning
ROI: 4%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£197K - £525K
Sold Prices/m²£1.9K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£225,000

 

 

End Value (After Refurb)

£272,995

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£41,155

Bridging Loan Interest

£5,906

Total Cash In

£113,011

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,995

Mortgage (After Refinance)

£204,746

Mortgage LTV

75%

Cash Released

£35,996

Cash Left In

£77,015

Equity

£68,249

Rent Range

£925 - £3,450

Rent Estimate

£1,538

Running Costs/mo

£1,181

Cashflow/mo

£357

Cashflow/yr

£4,287

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £197K to £525K, average is £265K. £1.9K/m² to £5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£356K03/230.08 mi154, Ardington Road, Northampton, West Northamptonshire NN1 5LT3
£445K04/210.1 mi249, Billing Road, Northampton, Northamptonshire NN1 5RX3
£260K06/210.11 mi27, Loyd Road, Northampton, West Northamptonshire NN1 5JE3
£310K10/230.11 mi29, Loyd Road, Northampton, West Northamptonshire NN1 5JE3
£250.5K08/230.15 mi96, King Edward Road, Northampton, West Northamptonshire NN1 5LR3
£255K03/230.15 mi94, King Edward Road, Northampton, West Northamptonshire NN1 5LR3
£210K09/210.16 mi13, Wycliffe Road, Northampton, West Northamptonshire NN1 5JQ3
£212K12/200.16 mi85, Wycliffe Road, Northampton, Northamptonshire NN1 5JQ3
£203K03/210.16 mi57, Wycliffe Road, Northampton, Northamptonshire NN1 5JQ3
£265K05/230.16 mi87, Wycliffe Road, Northampton, West Northamptonshire NN1 5JQ3
£300K09/210.16 mi14, King Edward Road, Northampton, Northamptonshire NN1 5LU3
£245K04/210.16 mi40, King Edward Road, Northampton, Northamptonshire NN1 5LU3
£318.5K12/230.16 mi36, King Edward Road, Northampton, West Northamptonshire NN1 5LU3
£250K07/210.17 mi44, Lutterworth Road, Northampton, Northamptonshire NN1 5JW3
£240K01/210.17 mi12, Lutterworth Road, Northampton, Northamptonshire NN1 5JW3
£242.5K04/210.17 mi34, Lutterworth Road, Northampton, Northamptonshire NN1 5JW3
£295K01/230.18 mi52, Thursby Road, Northampton, West Northamptonshire NN1 5NB3
£318.3K06/210.18 mi135, Billing Road, Northampton, West Northamptonshire NN1 5RR3
£525K12/230.18 mi14, Rushmere Avenue, Northampton, West Northamptonshire NN1 5SD3
£240K07/210.2 mi72, Lutterworth Road, Northampton, Northamptonshire NN1 5JN3
£197K10/200.2 mi76, Lutterworth Road, Northampton, Northamptonshire NN1 5JN3
£360K04/230.21 mi14, Cranmere Avenue, Northampton, West Northamptonshire NN1 5SF3
£375K10/200.21 mi5, Cranmere Avenue, Northampton, Northamptonshire NN1 5SF3
£206.5K03/230.21 mi108, Wycliffe Road, Northampton, West Northamptonshire NN1 5JH3
£250K07/210.22 mi43, Albany Road, Northampton, Northamptonshire NN1 5LZ3
£290K09/210.22 mi35, Sandringham Road, Northampton, Northamptonshire NN1 5NA3
£318.5K10/230.22 mi29, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3
£275K09/230.22 mi30, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3
£241K03/210.22 mi51, Lutterworth Road, Northampton, Northamptonshire NN1 5JP3
£293.5K02/230.22 mi42, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3
£225K06/210.22 mi126, Loyd Road, Northampton, Northamptonshire NN1 5JA3
£272K02/210.23 mi40, Thursby Road, Northampton, Northamptonshire NN1 5NB3
£219K11/210.24 mi104, Wycliffe Road, Northampton, Northamptonshire NN1 5JH3
£225K07/230.25 mi66, Barry Road, Northampton, West Northamptonshire NN1 5JS3
£247K04/210.25 mi15, Barry Road, Northampton, Northamptonshire NN1 5JS3
£265K02/220.25 mi33, Barry Road, Northampton, West Northamptonshire NN1 5JS3
£230K09/230.25 mi15, Garrick Road, Northampton, West Northamptonshire NN1 5ND3
£258.5K11/200.25 mi32, Garrick Road, Northampton, Northamptonshire NN1 5ND3
£219K05/210.26 mi143, Lutterworth Road, Northampton, Northamptonshire NN1 5JL3
£240K03/210.26 mi106, Lutterworth Road, Northampton, Northamptonshire NN1 5JL3
£272K01/230.26 mi126, Wycliffe Road, Northampton, West Northamptonshire NN1 5JH3
£232K12/200.27 mi113, Wycliffe Road, Northampton, Northamptonshire NN1 5JJ3
£322K03/210.28 mi10, Rushmere Road, Northampton, West Northamptonshire NN1 5RY3
£377K10/200.28 mi4, Rushmere Road, Northampton, Northamptonshire NN1 5RY3
£310K06/210.29 mi34, Princess Close, Northampton, West Northamptonshire NN3 3NR3
£267.5K12/210.29 mi125, Wycliffe Road, Northampton, Northamptonshire NN1 5JJ3
£268.5K01/230.3 mi158, Lutterworth Road, Northampton, West Northamptonshire NN1 5JL3
£499.9K07/220.3 mi25, Rushmere Road, Northampton, West Northamptonshire NN1 5RZ3
£400K10/230.31 mi17, Rushmere Crescent, Northampton, West Northamptonshire NN1 5SA3
£285K03/210.31 mi52, Rushmere Road, Northampton, Northamptonshire NN1 5RY3

Local Rents

52 rents from £925/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40008/240.1 miLoyd Road, Northampton3
£1,29510/240.13 mi-3
£1,35007/240.13 miArdington Road, Northampton, NN13
£1,35008/240.13 miArdington Road, Northampton, NN13
£1,25011/240.13 mi-3
£1,25011/240.13 mi-3
£1,35007/240.14 miWycliffe Road, Abington, Northampton, NN13
£1,55008/240.17 miLutterworth Road, Northampton, NN1 5JW3
£1,40006/240.19 mi-3
£1,30003/250.19 mi-3
£3,40008/240.19 mi-3
£3,40001/250.19 mi-3
£1,35009/240.21 miLutterworth Road, Abington, Northampton3
£1,25008/240.21 miLutterworth Road, Abington, NN13
£1,25006/240.22 miThursby Road, Northampton3
£3,45003/250.23 mi-3
£3,45003/250.23 mi-3
£1,20006/240.23 miBarry Road, Abington, Northampton NN13
£1,20006/240.24 miLoyd Road, Abington, Northampton, NN13
£1,30008/240.25 miLutterworth Road, Northampton, NN13
£1,20006/240.26 miGarrick Road, Abington3
£3,40006/240.29 mi-3
£3,40004/250.29 mi-3
£1,25006/240.31 miRushmere Crescent3
£1,02512/240.34 mi-3
£1,40007/240.34 mi-3
£1,60007/240.34 miMeshaw Crescent, Northampton, NN33
£1,40007/240.34 miMeshaw Crescent, Northampton, NN33
£1,85008/240.37 miCheriton Way, Rushmere - NN13
£1,25006/240.37 miWilby Street, Northampton, NN13
£1,30008/240.41 miMonks Park Road, NORTHAMPTON3
£1,25006/240.41 miUpper Thrift Street, Off Billing Road - NN13
£92503/250.41 mi-3
£2,55002/240.42 mi-3
£1,35010/240.42 mi-3
£1,35010/240.42 mi-3
£1,19507/240.45 miAllen Road, Northampton, NN13
£1,19507/240.45 mi-3
£1,20006/240.45 miRoseholme Road, Abington, Northampton, NN13
£1,15006/240.47 miRoseholme Road, Abington3
£1,30010/240.49 mi-3
£1,30010/240.49 mi-3
£1,30007/240.49 miAdnitt Road, Northampton, NN13
£1,40012/240.5 mi-3
£1,10009/240.51 miElizabeth Walk, Northampton, NN13
£1,20002/250.51 mi-3
£1,15008/240.52 miRoe Road, Northampton3
£1,20006/240.54 miWhitworth Road, Northampton, West Northamptonshire, NN13
£1,30006/240.55 miWhitworth Road, Abington, NN13
£1,25006/240.55 miWisteria Way, Abington Vale, Northampton NN3 3QB3
£1,40003/250.56 mi-3
£1,60003/250.57 mi-3

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £225,000

August 16, 2024

Floor Plans

Description

FOR SALE BY AUCTION ON WEDNESDAY 18TH SEPTEMEBER 2024 COMMENCING AT 11:00 am
SALE VIA A LIVE-STREAMED AUCTION
GUIDE PRICE: £225,000 - £250,000
VIEWINGS BY APPOINTMENT ONLY - SATURDAY 14TH SEPTEMBER 13.00PM TO 13.30PM
One of only two bungalows on Ardington Road, this rare opportunity doesn't come around too often. Presented is a three-bedroom detached bungalow which would benefit from renovation. The property extends to approximately 950 sq ft and can be extended into the roof and to the rear with the appropriate planning permission. The accommodation comprises three bedrooms, a family bathroom, lounge and kitchen. There is a fabulous rear garden with a high degree of privacy, off-road parking to the front and access to a single garage.

Accommodation -

Entrance Hall - 5.51m x 1.04m (18'01 x 3'05) - Entered via a part glazed door there is carpet fitted and doors to:-

Lounge - 5.31m x 3.45m (17'05 x 11'04) - Windows to the side elevation and patio doors to the rear there is carpet and a gas fire fitted.

Kitchen - Fitted with a range of floor and wall mounted cabinets there are windows to the rear elevation and door to the side. There is space for appliances.

Bedroom One - A bay window to the front elevation and space for a double bed, there are built-in wardrobes and a radiator connected.

Bedroom Two - A three-casement window to the front elevation with space for a double bed and carpet fitted.

Bedroom Three - A window to the side with space for a single bed.

Bathroom - Suite comprising bath with WC and hand wash basin with a window to the side elevation.

Outside -

Rear Garden - A wonderful private rear garden with a paved patio, area laid to lawn and mature shrub borders. There is pedestrian access to the garage and to:-

Front - Mainly laid to concrete and paving with off-road parking for one vehicle and access to:-

Garage - A single garage with up and over door to the front and electricity connected.

Services - Mains gas, water and electricity are connected. None of these services have been connected.

How To Get There - From Northampton town centre proceed in an easterly direction along Billing Road, passing the General Hospital and St Andrews Hospital. Continue eastwards towards the Northampton School for Boys and turn left into Ardington Road and the property can be found on the right-hand side.

Price Infortmation - *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.

Buyer's Premium Charge - The purchaser will be required to pay a premium charge of £3,000 (£2,500 plus VAT).

Buyer's Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Agent Details

Auction House, Northampton

01604 279527

Next Steps?

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