2 Bed Terraced House, Refurb/BRRR, Northampton, NN2 6BE, £140,000

15 Northcote Street, Semilong, NORTHAMPTON, NN2 6BE - 8 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£120K - £225K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£142,800

 

 

End Value (After Refurb)

£149,284

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£30,190

Bridging Loan Interest

£3,675

Total Cash In

£76,015

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£149,284

Mortgage (After Refinance)

£111,963

Mortgage LTV

75%

Cash Released

£6,963

Cash Left In

£69,051

Equity

£37,321

Rent Range

£800 - £2,595

Rent Estimate

£1,045

Running Costs/mo

£696

Cashflow/mo

£349

Cashflow/yr

£4,194

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £120K to £225K, average is £168.5K. £1.5K/m² to £4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£165K09/210.04 mi1, Northcote Street, Northampton, Northamptonshire NN2 6BE2
£165K04/210.04 mi75, Northcote Street, Northampton, Northamptonshire NN2 6BE2
£175K08/230.04 mi75, Northcote Street, Northampton, West Northamptonshire NN2 6BE2
£154K01/210.05 mi79, Lower Hester Street, Northampton, Northamptonshire NN2 6BJ2
£169K04/230.05 mi136, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£175K10/230.05 mi107, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£155K12/200.05 mi111, Lower Adelaide Street, Northampton, Northamptonshire NN2 6BB2
£188K01/230.05 mi62, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£125K11/200.06 mi82, Lower Hester Street, Northampton, Northamptonshire NN2 6BL2
£170K02/230.07 mi81, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£151K02/240.07 mi83, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£150K11/230.07 mi9, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£160K01/210.08 mi54, Salisbury Street, Northampton, Northamptonshire NN2 6BS2
£156K03/210.08 mi52, Salisbury Street, Northampton, Northamptonshire NN2 6BS2
£189K11/230.09 mi9, Hester Street, Northampton, West Northamptonshire NN2 6AP2
£155K02/210.11 mi20, Gordon Street, Northampton, Northamptonshire NN2 6BZ2
£175K11/230.11 mi3, Leslie Road, Northampton, West Northamptonshire NN2 6BD2
£160K02/240.12 mi83, Stanley Street, Northampton, West Northamptonshire NN2 6DD2
£175K10/230.13 mi26, Stanley Street, Northampton, West Northamptonshire NN2 6DE2
£177.5K03/230.14 mi22, Hampton Street, Northampton, West Northamptonshire NN1 2PH2
£132K12/200.15 mi43, Hampton Street, Northampton, Northamptonshire NN1 2PH2
£177K06/230.16 mi30, Baker Street, Northampton, West Northamptonshire NN2 6DJ2
£176K08/210.18 mi11, Brook Street, Northampton, Northamptonshire NN1 2PE2
£145K12/200.18 mi39, Brook Street, Northampton, Northamptonshire NN1 2PE2
£122.5K03/210.19 mi64, St Andrews Road, Northampton, Northamptonshire NN1 2PD2
£183K11/230.21 mi62, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£185K02/230.21 mi38, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£150K06/230.21 mi25, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£196K03/230.21 mi4, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£165K02/230.21 mi29, Essex Street, Northampton, West Northamptonshire NN2 6DR2
£149K06/230.26 mi82, Louise Road, Northampton, West Northamptonshire NN1 3RR2
£172K02/210.26 mi12, Louise Road, Northampton, Northamptonshire NN1 3RR2
£191.5K03/230.3 mi127, St Andrews Road, Northampton, West Northamptonshire NN2 6HN2
£158K06/230.3 mi124, St Andrews Road, Northampton, West Northamptonshire NN2 6HN2
£135K07/210.38 mi2, Currie Road, Northampton, Northamptonshire NN2 6HG2
£120K07/230.42 mi19, Poole Street, Northampton, West Northamptonshire NN1 3EX2
£200K12/200.42 mi9, Lyncroft Way, Northampton, Northamptonshire NN2 6LX2
£220K06/210.42 mi3, Lyncroft Way, Northampton, Northamptonshire NN2 6LX2
£165.5K11/200.43 mi11, Austin Street, Northampton, Northamptonshire NN1 3EY2
£162K02/210.43 mi9, Austin Street, Northampton, Northamptonshire NN1 3EY2
£160K03/230.43 mi14, Austin Street, Northampton, West Northamptonshire NN1 3EY2
£159K04/210.46 mi31, Cranstoun Street, Northampton, Northamptonshire NN1 3BH2
£212.5K04/240.47 mi34, Balfour Road, Northampton, West Northamptonshire NN2 6JR2
£168K11/200.47 mi24, Balfour Road, Northampton, Northamptonshire NN2 6JR2
£225K01/230.5 mi6, Tintern Avenue, Northampton, West Northamptonshire NN5 7BZ2
£175K02/230.52 mi17, Hunter Street, Northampton, West Northamptonshire NN1 3QD2
£190K07/210.52 mi43, Hunter Street, Northampton, Northamptonshire NN1 3QD2
£210K10/230.54 mi37, Overstone Road, Northampton, West Northamptonshire NN1 3JL2
£185K11/200.59 mi1, Camrose Road, Northampton, Northamptonshire NN5 7DB2
£200K09/210.59 mi41, Somerset Street, Northampton, West Northamptonshire NN1 3LW2

Local Rents

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

RentDateDistanceAddressBeds 
£92508/240.03 miSemilong Court, Northampton, NN22
£92508/240.03 miSemilong Court, Northampton2
£85007/240.06 miSemilong Road, Semilong, Northampton, NN22
£80006/240.07 miSalisbury Street, Semilong, Northampton, NN22
£1,02507/240.07 miSalisbury Street, Northampton2
£1,02508/240.07 miSalisbury Street, Northampton2
£1,20003/250.11 mi-2
£90007/240.12 miGordon Street, Northampton2
£97508/240.12 miStanley Street, Semilong, Northampton, NN22
£1,10004/250.12 mi-2
£1,10006/240.13 mi-2
£1,10006/240.13 miStanley Street, Northampton, NN22
£97506/240.13 miStanley Road, St James, Northampton2
£2,59506/240.14 mi-2
£2,59507/240.14 mi-2
£1,41010/240.14 mi-2
£99504/250.14 mi-2
£1,05001/250.15 mi-2
£92506/240.16 miBaker Street, Semilong, Northampton NN22
£1,10006/240.16 mi-2
£1,10006/240.16 miUppingham Street, Northampton, NN12
£1,00006/240.18 miBrook Street, Semilong, Northampton, NN12
£1,15006/240.18 mi-2
£1,15004/250.18 mi-2
£99506/240.18 miBrook Street, Northampton, NN1 2PE2
£95007/240.18 miCambridge Street, Semilong, Northampton, NN22
£1,05006/240.19 miBrook Street, Semilong, Northampton, NN12
£97509/240.2 mi-2
£87511/240.2 mi-2
£95006/240.2 miCambridge Street, Semilong, Northampton, Northamptonshire, NN22
£90009/240.2 miAldbury Court, St Georges Street, Northampton, NN1 2TP2
£90008/240.2 miAldbury Court, St Georges Street, Northampton, NN1 2TP2
£1,25003/250.2 mi-2
£92507/240.21 mi-2
£1,20011/240.21 mi-2
£97502/240.23 miEssex Street, Semilong, Northampton, Northamptonshire, NN22
£80006/240.23 miChalfont Court, Upper Priory Street, Semilong, Northampton NN1 2TW2
£1,04506/240.23 miChalfont Court, Northampton, NN12
£1,04507/240.23 mi-2
£87504/250.23 mi-2
£1,00007/240.24 mi-2
£1,00006/240.24 miNorfolk Street, Northampton, NN22
£85006/240.28 miNaseby Street, Semilong - NN22
£85006/240.28 miNaseby Street, Semilong - NN22
£99005/240.28 mi-2
£99005/240.28 mi-2
£1,10006/240.28 mi-2
£1,10003/250.28 mi-2
£1,15003/250.28 mi-2

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

0.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £140,000

September 17, 2024

Floor Plans

Description

  • NO CHAIN +
  • IN NEED OF UPDATING +
  • POPULAR LOCATION +
  • TWO BEDROOMS +
  • DOWNSTAIRS CLOAKROOM +
  • DOUBLE GLAZING +
  • GAS CENTRAL HEATING +
  • ENERGY EFFICIENCY RATING: D +

Offered with NO CHAIN, this charming two bedroom Victorian terrace is situated in the popular area of Semilong, providing easy access to Northampton train station. In need of updating, the property presents a fantastic opportunity for those looking to personalise their home. The accommodation includes an entrance hall, a spacious lounge/diner, kitchen, utility room and a convenient downstairs WC on the ground floor. The first floor comprises two well proportioned bedrooms and a bathroom. Externally, the property benefits from an enclosed rear garden. Additional features include gas radiator heating and double glazing, making this an excellent choice for buyers seeking a project in a desirable location.

Ground Floor -

Entrance Hall - Approached via entrance door, stairs to first floor, door to;

Lounge/Diner - 6.8m x 3.16m (22'3" x 10'4") - Windows to the front and rear aspects, radiator, door to;

Kitchen - 3.2m x 2.03m (10'5" x 6'7") - Window to the side aspect, sink unit set into a range of base units, work surfaces over, tiled splash backs, door to rear garden and door to;

Utility Room - 1.88m x 1.97m (6'2" x 6'5") - Window to the side aspect, radiator, door to;

Cloakroom - Window to the side aspect, low level WC.

First Floor -

Landing - Doors to;

Bedroom One - 4.03m x 3.25m (13'2" x 10'7") - Window to the front aspect, radiator.

Bedroom Two - 3.5m x 2.45m (11'5" x 8'0") - Window to the rear aspect, radiator.

Bathroom - 3.1m x 2.09m (10'2" x 6'10") - Window to the rear aspect, wash hand basin set into vanity unit, low level WC, side panelled bath with shower over.

Externally -

Rear Garden - Fully enclosed rear garden. stocked with a variety of flowers and shrubs.

Agents Notes - West Northamptonshire Council - Council Tax Band: A

Agent Details

Horts Estate Agents, Northampton

01604 279788

Next Steps?

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