2 Bed Flat, Single Let, Northampton, NN3 2BF, £135,000

Underwood House, Gregory Gardens, Northampton, NN3 2BF - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£164,286
BMV22%

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

£925 - £2,900

Rent Estimate

£925

Running Costs/mo

£627

Cashflow/mo

£298

Cashflow/yr

£3,578

ROI

9%

Gross Yield

8%

Local Sold Prices

24 sold prices from £67.5K to £235K, average is £150K. £572/m² to £3.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£130K06/210.06 mi81, Grange Road, Northampton, Northamptonshire NN3 2AX2
£235K04/210.35 mi20, Greenway Avenue, Northampton, West Northamptonshire NN3 6JP2
£180K04/230.36 mi13, Hornbeam Court, Northampton, West Northamptonshire NN3 3RT2
£67.5K11/200.43 mi11, Dorman Close, Northampton, Northamptonshire NN3 6QG2
£142K07/230.43 mi42, Eden Close, Northampton, West Northamptonshire NN3 6NS2
£215K10/220.45 mi11, Woolston Close, Northampton, West Northamptonshire NN3 6QJ2
£68K05/230.45 mi21, Woolston Close, Northampton, West Northamptonshire NN3 6QJ2
£190K09/230.45 mi1, Woolston Close, Northampton, West Northamptonshire NN3 6QJ2
£112.5K11/200.47 mi79, Burrows Court, Northampton, Northamptonshire NN3 8JW2
£145K02/230.52 mi79, Burrows Court, Northampton, West Northamptonshire NN3 8JW2
£152K01/230.52 mi75, Burrows Court, Northampton, West Northamptonshire NN3 8JW2
£160K10/200.6 mi36, Yewtree Court, Northampton, Northamptonshire NN3 6SF2
£140K09/210.6 mi40, Yewtree Court, Northampton, West Northamptonshire NN3 6SF2
£149.5K07/220.66 mi68, Howards Way, Northampton, West Northamptonshire NN3 6RP2
£150K10/220.66 mi90, Howards Way, Northampton, West Northamptonshire NN3 6RP2
£150K11/220.66 mi72, Howards Way, Northampton, West Northamptonshire NN3 6RP2
£140K08/210.66 mi88, Howards Way, Northampton, Northamptonshire NN3 6RP2
£150K11/200.7 mi389a, Kettering Road, Northampton, Northamptonshire NN3 6QT2
£170K09/220.71 mi48, Conifer Rise, Northampton, West Northamptonshire NN3 3JY2
£127K06/210.71 mi8, Conifer Rise, Northampton, Northamptonshire NN3 3JY2
£145K03/210.71 mi59, Conifer Rise, Northampton, Northamptonshire NN3 3JY2
£156K10/230.71 mi24, Conifer Rise, Northampton, West Northamptonshire NN3 3JY2
£155K12/220.75 mi60, Laburnum Crescent, Northampton, West Northamptonshire NN3 2LF2
£175K07/230.87 mi130, Spinney Hill Road, Northampton, West Northamptonshire NN3 6DN2

Local Rents

22 rents from £925/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£92506/240 miGregory Gardens, Boothville - NN32
£2,90006/240 mi-2
£2,55008/240 mi-2
£2,55001/250 mi-2
£2,55012/240 mi-2
£1,10006/240.06 miGrange Road, NORTHAMPTON2
£1,00008/240.06 miGrange Road, NORTHAMPTON2
£1,17504/250.09 mi-2
£1,15010/240.35 mi-2
£1,15006/240.36 miBladon Close, Northampton, NN32
£1,10007/240.48 mi-2
£1,20007/240.48 miBurrows Court, NN32
£1,10008/240.48 miBurrows Court, NN32
£95008/240.49 miBurrows Court, Northampton2
£1,20007/240.52 miLorraine Crescent, Spinney Hill, Northampton NN3 6HW2
£92508/240.52 miHolmecross Road, Northampton, Northamptonshire, NN3 8AW2
£92508/240.52 miHolmecross Road, Thorplands, Northampton, Northamptonshire, NN3 8AW2
£1,20008/240.53 miLorraine Crescent, Northampton, Northamptonshire, NN3 6HW2
£1,20008/240.53 miLorraine Crescent, Spinney Hill, Northampton, Northamptonshire, NN3 6HW2
£92507/240.54 miHolmecross Road, Thorplands, Northampton NN3 8AW2
£1,17511/240.55 mi-2
£1,19503/250.61 mi-2

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

2.25 miles away

Nearest school

0.10 miles away

Nearest train station

2.94 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

September 17, 2024

Floor Plans

Description

  • Second Floor Apartment +
  • Two Bedrooms +
  • En-Suite To Bedroom One +
  • Family Bathroom +
  • Allocated Parking +
  • No Upper Chain +
  • Great Location +
  • Modern Kitchen +
  • Close To Local Amenities +
  • Open Plan Kitchen/Dining Room +

Jackson Grundy are proud to offer for sale this well presented two bedroom second floor apartment in the well regarded Gregory Gardens. The home is offered in very good condition in brief comprising an open plan kitchen/lounge, two bedrooms with an en-suite shower room to the master, and a three piece family bathroom. Outside benefits from an allocated parking space and the home is well situated to benefit from nearby amenities including convenience stores, take-aways, schools and the Weston Favell Shopping Centre is a short drive away. The home is available with no upper chain and we recommend calling to view at the earliest opportunity. EPC: C. Council Tax Band: A.

ENTRANCE Enter via a communal entrance. Stairs. Door to the apartment.

HALLWAY Doors to connecting rooms. Wall mounted electric storage heater. Hatch to loft.

OPEN LOUNGE/KITCHEN 3.76m x 4.88m (12'4 x 16) Kitchen: A range of wall and base level kitchen units with roll top work surfaces over. Integrated appliances include fitted electric oven, four ring electric hob and stainless steel extractor fan over. High gloss white finish to units. Stainless steel sink and drainer. uPVC double glazed window to front elevation. Tiled splash backs. Space for white goods. Open plan to lounge area.

Lounge: uPVC double glazed doors to Juliette balcony and side elevation. Wall mounted electric storage heaters.

BEDROOM ONE 3.12m x 3.12m (10'3 x 10'3) uPVC double glazed window to front elevation. Wall mounted electric storage heater.

EN-SUITE Three piece suite including shower cubicle, pedestal wash hand basin and low level WC. Heated towel rail. Tiling to splash back areas. Extractor fan to ceiling.

BEDROOM TWO 2.74m x 1.91m (9' x 6'3) uPVC double glazed window to side elevation. Wall mounted electric storage heater.

BATHROOM 1.96m x 1.98m (6'5 x 6'6) Three piece suite including panelled bath, pedestal wash hand basin and low level flush WC. Tiling to splash back areas. Heated towel rail. Extractor fan to ceiling.

OUTSIDE Allocated parking space.

MATERIAL INFORMATION

Electricity Supply – Mains Connected Gas Supply – Ask Agent Electricity/Gas Supplier - Water Supply – Mains Connected Sewage Supply – Mains Connected Broadband - Mobile Coverage - Solar PV Panels – No EV Car Charge Point – No Primary Heating Type – Ask Agent Parking – Allocated Accessibility – N/a Right of Way – No Restrictions – N/a 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.

LEASEHOLD INFORMATION

We have been advised of the following: -

Service Charge: £1001.43 pa Review Date - April Ground Rent: £300 pa Review Date: April Length of Lease: 84 years remaining on lease.

This information would need to be verified by your chosen legal representative.

Agent Details

Jackson Grundy Estate Agents, Kingsley

01604 279706

Next Steps?

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