2 Bed Flat, Cash/Bridging Only, Northampton, NN1 5JL, £105,000

Lutterworth Road, Abington, Northampton, NN1 5JL - 7 months ago

Sold STC
Leasehold
Cash
ROI: 7%
~72 m²
+5 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£31,959

Bridging Loan Interest

£2,756

Total Cash In

£69,166

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£180,394

Agent Fees (1%)

£1,804

Bridging Loan

£78,750

Bridging Loan Interest

£2,756

Flip Profit

£30,675













Local Rents

50 rents from £795/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10006/240.05 miWellingborough Road, Abington, NN12
£1,10006/240.05 miWellingborough Road, Northampton, Northamptonshire, NN12
£1,00006/240.05 miWellingborough Road, Northampton, Northamptonshire, NN12
£1,10007/240.05 miWellingborough Road, Abington2
£85001/250.06 mi-2
£1,10006/240.07 miFlorence Road, Abington, NN12
£99507/240.08 miFlorence Road, Northampton, NN12
£92507/240.08 mi-2
£95008/240.08 miWellingborough Road, Abington - NN12
£1,20008/240.09 miManfield Road, Northampton2
£99509/240.12 miMonks Park Road, Abington - NN12
£95006/240.14 miKing Edward Road, Northampton, West Northamptonshire, NN12
£89507/240.16 miAdnitt Road, Abington, Northampton, NN1 4NG2
£89507/240.17 miAdnitt Road, Abington, Northampton, NN1 4NG2
£99506/240.19 miLea Road, Abington2
£95007/240.2 miClarke Road, Northampton2
£1,20006/240.21 miWilby Street, NORTHAMPTON2
£79507/240.23 miEast Street, Abington - NN12
£1,19508/240.23 miLea Road, Abington, Northampton, Northamptonshire, NN12
£1,19508/240.23 miLea Road, Abington, Northampton, Northamptonshire, NN12
£1,19508/240.23 miLea Road, Abington, Northampton, Northamptonshire, NN12
£1,02508/240.23 miAbington2
£1,30008/240.23 miStimpson Avenue, Northampton, NN12
£1,30008/240.23 miStimpson Avenue, Northampton, NN12
£1,30009/240.23 mi-2
£1,30002/250.23 mi-2
£1,05006/240.25 miRoe Road, Northampton, NN12
£1,25006/240.26 miRoe Road, Northampton2
£1,60004/250.26 mi-2
£1,10007/240.26 miRoe Road, Abington, NN12
£1,10002/250.26 mi-2
£1,10006/240.26 miPurser Road, Abington, Northampton, NN12
£99508/240.27 miWellingborough Road, Northampton2
£1,10007/240.27 miThursby Road, Abington, Northampton, NN12
£99506/240.27 miRoe Road, Abington2
£2,55006/240.27 mi-2
£2,75006/240.27 mi-2
£2,80008/240.27 mi-2
£2,40001/250.27 mi-2
£1,80010/240.27 mi-2
£2,40003/250.27 mi-2
£99508/240.29 miLoyd Road, Northampton2
£99506/240.29 miRoe Road, Northampton2
£1,10008/240.3 miMelborne walk, northampton2
£85009/240.3 miTurner Street, Abington - NN12
£85007/240.3 miTurner Street, Abington - NN12
£1,05007/240.3 miPurser Road, Abington2
£95007/240.31 miWhitworth Road, Northampton, NN12
£1,05007/240.32 miSouth Street, Abington, Northampton, NN12
£1,20007/240.32 mi-2

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.78 miles away

Nearest school

0.10 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £105,000

September 12, 2024

Floor Plans

Description

  • CASH BUYERS ONLY +
  • Two Double Bedrooms +
  • Investors only +
  • First Floor +
  • No upper Chain +
  • Deceptively Spacious +

No upper chain.
CASH BUYERS ONLY
This two double-bedroom first-floor flat offers a perfect blend of comfort and convenience. Situated in a vibrant area, it is just a short walk from a variety of local amenities, including supermarkets, cafes, restaurants, and shops. Public transportation links are excellent, with bus stops and train stations nearby, ensuring easy access to the town center and surrounding areas.

The property features two spacious double bedrooms, each with ample natural light. The living area is generously sized, ideal for both relaxing and entertaining guests. The kitchen comes fully equipped with essential appliances, offering plenty of storage and counter space. The contemporary bathroom is well-maintained, featuring a shower over bath.

Additional benefits include double glazing, gas central heating, and secure entry, ensuring comfort and peace of mind. There is also access to communal outdoor space, ideal for enjoying fresh air or a morning coffee.

We are advised by the sellers that there is 150 years remaining on the lease this should be verified by your legal representative prior to exchange of contracts.

AGENTS NOTE - We are advised that leasehold charges apply and await confirmation as to the amount.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QAB240083/2

Agent Details

YOUR MOVE Nolan Throw, Abington

01604 279792

Next Steps?

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