2 Bed Semi-Detached House, Refurb/BRRR, Northampton, NN3 9SP, £180,000

15 Manorfield Close, Little Billing, Northampton NN3 9SP - 3 views - 7 months ago

Sold STC

Refurb/BRRR

ROI: 2%

~68 m²

+4 photos

ValuationFair Value

Sold Prices	£115K - £285K
Sold Prices/m²	£2.1K/m² - £4.2K/m²

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£180,000£180,000

End Value (After Refurb)	£197,423£197,423
Uplift in Value	+10%+10%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Refurb Costs	£30,141£30,141
Bridging Loan Interest	£4,725£4,725
Total Cash In	£88,216£88,216

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£197,423£197,423
Mortgage (After Refinance)	£148,067£148,067
Mortgage LTV	75%75%
Cash Released	£13,067£13,067
Cash Left In	£75,149£75,149
Equity	£49,356£49,356
Rent Range	£850 - £1,300£850 - £1,300
Rent Estimate	£1,007
Running Costs/mo	£838£838
Cashflow/mo	£169£169
Cashflow/yr	£2,024£2,024
ROI	2%2%
Gross Yield	7%7%

Local Sold Prices

23 sold prices from £115K to £285K, average is £188K. £2.1K/m² to £4.2K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	11/20	0.03 mi	42, Manorfield Close, Northampton, Northamptonshire NN3 9SP	£3,426	54	2	Semi-Detached House
£205K	02/24	0.03 mi	60, Manorfield Close, Northampton, West Northamptonshire NN3 9SP	£3,402	60	2	Semi-Detached House
£250K	08/23	0.03 mi	113, Manorfield Close, Northampton, West Northamptonshire NN3 9SP	-	-	2	Semi-Detached House
£183K	04/21	0.1 mi	37, Manorfield Close, Northampton, Northamptonshire NN3 9SL	£3,000	61	2	Semi-Detached House
£284K	10/23	0.29 mi	61, Damson Dell, Little Billing, Northampton, West Northamptonshire NN3 9AJ	£4,172	68	2	Semi-Detached House
£205K	01/23	0.32 mi	11, Swinford Hollow, Little Billing, Northampton, West Northamptonshire NN3 9HP	£3,661	56	2	Semi-Detached House
£191K	12/20	0.35 mi	25, Valley Road, Little Billing, Northampton, Northamptonshire NN3 9AL	£3,820	50	2	Semi-Detached House
£280K	07/23	0.39 mi	27, Orchard Hill, Little Billing, Northampton, West Northamptonshire NN3 9AG	-	-	2	Detached House
£270K	03/23	0.4 mi	5, Gervase Square, Northampton, West Northamptonshire NN3 9NR	-	-	2	Terraced House
£220K	04/23	0.42 mi	9, Twyford Close, Little Billing, Northampton, West Northamptonshire NN3 9HR	£3,860	57	2	Semi-Detached House
£182.5K	09/23	0.45 mi	44, Lasham Court, Northampton, West Northamptonshire NN3 9BD	£2,311	79	2	Terraced House
£168.9K	08/21	0.62 mi	16, Logwell Court, Northampton, Northamptonshire NN3 9DJ	£2,165	78	2	Terraced House
£205.5K	09/21	0.63 mi	43, Wilford Avenue, Northampton, Northamptonshire NN3 9UQ	-	-	2	Semi-Detached House
£285K	02/23	0.68 mi	23, High Street, Great Billing, Northampton, West Northamptonshire NN3 9DT	£3,239	88	2	Semi-Detached House
£115K	11/23	0.77 mi	4, Chedworth Close, Northampton, West Northamptonshire NN3 5HW	-	-	2	Terraced House
£172K	11/20	0.77 mi	16, Gedling Close, Northampton, Northamptonshire NN3 9UT	£2,688	64	2	Semi-Detached House
£157K	12/20	0.79 mi	8, Foxendale Square, Northampton, Northamptonshire NN3 5AA	£2,082	75	2	Terraced House
£188K	12/20	0.79 mi	25, Meltham Close, Northampton, Northamptonshire NN3 9QY	£3,686	51	2	Semi-Detached House
£187K	02/23	0.79 mi	29, Meltham Close, Northampton, West Northamptonshire NN3 9QY	£3,463	54	2	Terraced House
£180K	04/21	0.91 mi	8, Hall Piece Close, Northampton, West Northamptonshire NN3 5LD	£3,529	51	2	Semi-Detached House
£215K	08/23	0.91 mi	9, Tavistock Close, Northampton, West Northamptonshire NN3 5DQ	-	-	2	Semi-Detached House
£170K	10/20	0.91 mi	7, Tavistock Close, Northampton, Northamptonshire NN3 5DQ	£2,615	65	2	Semi-Detached House
£173K	01/21	1 mi	2, College Field Close, Northampton, Northamptonshire NN3 5LB	£2,276	76	2	Semi-Detached House

Local Rents

31 rents from £850/mo to £1.3K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£925	06/24	0 mi	Manorfield Close, Little Billing, Northampton NN3	2	Flat
£1,150	11/24	0.03 mi	-	2	Semi-Detached House
£975	06/24	0.29 mi	Damson Dell, Little Billing, NORTHAMPTON	2	Flat
£1,100	06/24	0.3 mi	Swinford Hollow, Little Billing, Northampton NN3	2	Terraced House
£1,100	07/24	0.39 mi	Bromford Close, Little Billing, Northampton	2	Semi-Detached House
£900	06/24	0.47 mi	Stockmead Road, Little Billing, Northampton NN3	2	Terraced House
£900	08/24	0.47 mi	Stockmead Road, Little Billing, Northampton NN3	2	Terraced House
£1,300	06/24	0.62 mi	Hertford Court, NORTHAMPTON	2	Flat
£1,095	06/24	0.62 mi	Logwell Court, Northampton	2	Terraced House
£995	08/24	0.65 mi	-	2	Terraced House
£995	03/25	0.65 mi	-	2	Terraced House
£950	06/24	0.66 mi	Wilford Avenue, Wakes Meadow, Northampton NN3N3	2	Detached House
£900	06/24	0.69 mi	Clipston Field Place, Ecton Brook, Northampton NN3	2	Terraced House
£995	01/25	0.73 mi	-	2	Flat
£1,025	06/24	0.75 mi	Langsett Close, Beau Manor, Northampton NN3	2	Terraced House
£950	06/24	0.75 mi	Wildacre Drive, Northampton, NN3	2	Flat
£850	07/24	0.77 mi	Chedworth Close, Ecton Brook, Northampton, NN3	2	Semi-Detached House
£900	08/24	0.77 mi	Chedworth Close, Ecton Brook, Northampton, NN3	2	Semi-Detached House
£900	03/25	0.77 mi	-	2	Flat
£950	06/24	0.77 mi	Chedworth Close, Ecton Brook, Northampton, Northamptonshire, NN3	2	Flat
£1,000	08/24	0.79 mi	Portchester Gardens, Wakes Meadow, Northampton	2	Semi-Detached House
£1,000	07/24	0.81 mi	32 Meltham Close, Little Billing, Northampton	2	Semi-Detached House
£995	06/24	0.88 mi	-	2	House
£1,100	08/24	0.89 mi	Hawksbeard Place, Northampton, NN3	2	Terraced House
£1,000	07/24	0.96 mi	-	2	Semi-Detached House
£1,000	06/24	0.96 mi	Ecton Park Road, Northampton, NN3	2	Semi-Detached House
£1,100	06/24	1.13 mi	Lakeside Drive, Northampton, NN3 5EL	2	Detached House
£900	06/24	1.2 mi	Conifer Rise, Westone, Northampton, NN3	2	Flat
£850	06/24	1.21 mi	Conifer Rise, Northampton	2	Flat
£1,100	06/24	1.22 mi	Station Road, Cogenhoe, NN7	2	Terraced House
£1,200	06/24	1.23 mi	Sallow Avenue, Northampton	2	Flat

Local Area Statistics

Population in NN3	68,97168,971
Population in Northampton	281,924281,924
Town centre distance	3.10 miles away3.10 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	3.85 miles away3.85 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+46%+46%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £180,000

September 19, 2024

Floor Plans

Description

Two bedroom semi-detached property +
Sitting/dining room +
uPVC double glazing +
Enclosed rer garden +
Driveway and garage +
No onward chain +

A two bedroom semi-detached property, situated in a cul-de-sac location, within the popular area of Little Billing. Offered for sale with no onward chain, the property is currently in need of modernisation throughout. The accommodation comprises entrance into sitting/dining room, kitchen with door to the rear garden, first floor landing, two double bedrooms and a bathroom. Outside is an open plan front garden with driveway to the side leading to a single garage and an enclosed garden to the rear. Further benefits include uPVC double glazing. (C/608/M)

* TENURE - Freehold
* COUNCIL TAX BAND - B

Sitting/Dining Room - 5.89m x 3.53m (19'4 x 11'7) -

Kitchen - 3.53m x 2.11m (11'7 x 6'11) -

Bedroom 1 - 3.53m x 3.35m (11'7 x 11'0) -

Bedroom 2 - 3.53m x 2.67m (11'7 x 8'9) -

Bathroom -

Agent Details

O'Riordan Bond, Weston Favell

01604 279768

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed House, Refurb/BRRR, Northampton, NN3 9UN

£170,000

17 views • 2 months ago • 68 m²

Sold STC

3 Bed House, Refurb/BRRR, Northampton, NN3 9NP

£200,000

6 views • 4 months ago • 67 m²

Sold STC

2 Bed House, Refurb/BRRR, Northampton, NN3 9DS

£220,000

19 views • 3 months ago • 68 m²

2 Bed Semi-Detached House, Refurb/BRRR, Northampton, NN3 9SP, £180,000

ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed House, Refurb/BRRR, Northampton, NN3 9UN

3 Bed House, Refurb/BRRR, Northampton, NN3 9NP

2 Bed House, Refurb/BRRR, Northampton, NN3 9DS

Investment Opportunity

Local Sold Prices

Local Rents