3 Bed Detached House, Refurb/BRRR, Northampton, NN3 3DJ, £250,000

Maclean Close, Northampton, Northamptonshire, NN3 3DJ - 4 views - 6 months ago

Sold STC
Auction
Cash
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£187K - £850K
Sold Prices/m²£2.1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£305,634

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£41,155

Bridging Loan Interest

£6,563

Total Cash In

£120,668

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,634

Mortgage (After Refinance)

£229,225

Mortgage LTV

75%

Cash Released

£41,725

Cash Left In

£78,942

Equity

£76,408

Rent Range

£1,150 - £1,850

Rent Estimate

£1,382

Running Costs/mo

£1,252

Cashflow/mo

£130

Cashflow/yr

£1,566

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £187K to £850K, average is £312.5K. £2.1K/m² to £4.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£320K11/210.1 mi6, Ellis Way, Northampton, Northamptonshire NN3 3BF3
£310K04/210.1 mi4, Taunton Avenue, Northampton, Northamptonshire NN3 3LX3
£350K08/230.11 mi30, Hillside Way, Northampton, West Northamptonshire NN3 3AW3
£320K09/230.15 mi33, Taunton Avenue, Northampton, West Northamptonshire NN3 3LY3
£334K10/230.15 mi55, Taunton Avenue, Northampton, West Northamptonshire NN3 3LY3
£330K06/230.16 mi11, Landcross Drive, Northampton, West Northamptonshire NN3 3LR3
£245K11/200.16 mi103, Bridgewater Drive, Northampton, Northamptonshire NN3 3AF3
£295K10/230.2 mi58, Bridgewater Drive, Northampton, West Northamptonshire NN3 3AG3
£325K03/210.24 mi39, Parracombe Way, Northampton, Northamptonshire NN3 3ND3
£342K07/230.24 mi40, Landcross Drive, Northampton, West Northamptonshire NN3 3LS3
£850K06/210.27 mi31, Abington Park Crescent, Northampton, Northamptonshire NN3 3AD3
£376.9K03/210.3 mi16, Meshaw Crescent, Northampton, Northamptonshire NN3 3NF3
£285K09/210.3 mi373, Billing Road East, Northampton, West Northamptonshire NN3 3LL3
£250K05/210.31 mi373, Billing Road East, Northampton, West Northamptonshire NN3 3LL3
£425K12/220.31 mi357, Billing Road East, Northampton, West Northamptonshire NN3 3LL3
£440K01/230.33 mi334, Billing Road East, Northampton, West Northamptonshire NN3 3LJ3
£380K08/230.35 mi350, Billing Road East, Northampton, West Northamptonshire NN3 3LJ3
£386.5K02/210.35 mi5, Stratton Close, Northampton, Northamptonshire NN3 3HQ3
£310K06/210.36 mi34, Princess Close, Northampton, West Northamptonshire NN3 3NR3
£375K01/210.37 mi8, Meadway, Northampton, Northamptonshire NN3 3BP3
£607.5K12/230.38 mi11, Graspin Lane, Northampton, West Northamptonshire NN3 3BU3
£340K11/220.39 mi10, Williton Close, Northampton, West Northamptonshire NN3 3BG3
£263.3K06/230.41 mi52, Church Way, Weston Favell, Northampton, West Northamptonshire NN3 3BX3
£345K06/230.44 mi66, Cavendish Drive, Northampton, West Northamptonshire NN3 3HL3
£340K02/240.44 mi556, Wellingborough Road, Northampton, West Northamptonshire NN3 3JA3
£360K07/230.44 mi21, Trimley Close, Northampton, West Northamptonshire NN3 3DL3
£225K02/210.45 mi20, Saxon Street, Northampton, Northamptonshire NN3 2SQ3
£320K04/240.45 mi25, Westcott Way, Northampton, West Northamptonshire NN3 3BE3
£301K12/200.45 mi20, Westcott Way, Northampton, Northamptonshire NN3 3BE3
£220K12/200.45 mi32, Westcott Way, Northampton, Northamptonshire NN3 3BE3
£230K09/230.46 mi15, Garrick Road, Northampton, West Northamptonshire NN1 5ND3
£258.5K11/200.46 mi32, Garrick Road, Northampton, Northamptonshire NN1 5ND3
£296K12/220.46 mi8, Westcott Way, Northampton, West Northamptonshire NN3 3BE3
£350K04/240.47 mi8, Priory Court, Northampton, West Northamptonshire NN3 3LE3
£265K08/230.47 mi22, Norman Road, Northampton, West Northamptonshire NN3 2SG3
£230K01/210.47 mi68, Norman Road, Northampton, Northamptonshire NN3 2SG3
£242.5K04/210.47 mi16, Norman Road, Northampton, Northamptonshire NN3 2SG3
£187K06/210.48 mi11, Denbigh Road, Northampton, West Northamptonshire NN3 3HF3
£272K02/210.48 mi40, Thursby Road, Northampton, Northamptonshire NN1 5NB3
£397K01/220.48 mi3, Cheriton Way, Northampton, Northamptonshire NN1 5SB3
£295K01/230.48 mi52, Thursby Road, Northampton, West Northamptonshire NN1 5NB3
£315K12/220.5 mi12, Campanula Close, Northampton, West Northamptonshire NN3 3QG3
£300K08/210.5 mi20, Campanula Close, Northampton, Northamptonshire NN3 3QG3
£325K04/210.5 mi32, Campanula Close, Northampton, Northamptonshire NN3 3QG3
£274K08/230.51 mi3, Briton Road, Northampton, West Northamptonshire NN3 2BS3
£300K09/210.51 mi14, King Edward Road, Northampton, Northamptonshire NN1 5LU3
£245K04/210.51 mi40, King Edward Road, Northampton, Northamptonshire NN1 5LU3
£318.5K12/230.51 mi36, King Edward Road, Northampton, West Northamptonshire NN1 5LU3
£300K02/240.51 mi3, Barnstaple Close, Northampton, West Northamptonshire NN3 3BH3
£293.5K02/230.51 mi42, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3

Local Rents

27 rents from £1.1K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60006/240.32 miAbington Park Crescent, Abington3
£1,60007/240.32 miMeshaw Crescent, Northampton, NN33
£1,40007/240.32 miMeshaw Crescent, Northampton, NN33
£1,40007/240.32 mi-3
£1,30006/240.4 miBelstead Road, Northampton, NN33
£1,39506/240.41 miWeston Way, Weston Favell Village, Northampton3
£1,25006/240.42 miWisteria Way, Abington Vale, Northampton NN3 3QB3
£1,50006/240.43 mi-3
£1,20006/240.43 miGarrick Road, Abington3
£1,60007/240.44 miChurch Way, Weston Favel, Northampton3
£1,15006/240.45 miBluebell Court, Abington Vale, Northampton NN3 3XH3
£1,20006/240.46 miWestcott Way, Northampton NN3 3BE3
£1,85008/240.47 miCheriton Way, Rushmere - NN13
£1,25006/240.5 miThursby Road, Northampton3
£1,25006/240.51 miRushmere Crescent3
£1,30006/240.51 miLindsay Avenue, Abington, Northampton, NN33
£1,50001/250.53 mi-3
£1,39507/240.54 mi-3
£1,60006/240.55 miBeech Avenue, Abington - NN33
£1,62508/240.55 miBeech Avenue, Abington - NN33
£1,30006/240.57 miBeech Avenue, NORTHAMPTON3
£1,29510/240.59 mi-3
£1,25011/240.59 mi-3
£1,25011/240.59 mi-3
£1,35007/240.59 miArdington Road, Northampton, NN13
£1,35008/240.59 miArdington Road, Northampton, NN13
£1,15006/240.61 miBirchfield Road East, Northampton3

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

1.52 miles away

Nearest school

0.20 miles away

Nearest train station

2.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £250,000

October 21, 2024

Floor Plans

Description

  • Detached three-bedroom family home +
  • Cul-de-sac location +
  • No onward chain +
  • Detached brick-built garage with workshop space +
  • Potential for renovation +
  • Sought-after Abington Vale location +
  • Well-maintained front and rear gardens +
  • Off-road parking +
  • Online Auction coming soon +
  • Cash buyers and pre-approved mortgages only +

Description:
For Sale by Auction - Auction Ends 3pm Monday 6th January 2025
Please Visit the Online Auction Page at David Cosby Chartered Surveyors

Situated in the desirable area of Abington Vale, this detached three-bedroom family home presents an excellent opportunity for buyers seeking a property with potential for improvement. Offered with no onward chain, this home is set back from Maclean Close and benefits from a generous detached, brick-built garage with separate pedestrian access and workshop space. The property includes an enclosed rear garden and a well-maintained front lawn, with a driveway providing ample off-road parking. This home is ideal for those looking to personalise and create their ideal family residence.

Key Features
Detached three-bedroom family home
Cul-de-sac location
No onward chain
Detached brick-built garage with workshop space
Potential for renovation
Sought-after Abington Vale location
Well-maintained front and rear gardens
Off-road parking

Local Authority: West Northamptonshire Council (Northampton Area)
Council Tax: Band D
EPC: TBC
Services: Gas, Electricity, Water, Drainage
Tenure: Freehold

Location:
Located in the desirable Abington Vale area of Northampton, Maclean Close offers convenient access to local amenities and schools. Nearby, you'll find the popular Northampton School for Boys, Abington Vale play area, and Abington Park, the town's oldest park, dating back to 1897.

Abington Park has landscaped grounds extending to approximately 100 acres and is situated on the remains of a medieval village with some buildings surviving over seven centuries. This historic park offers residents a scenic space for leisure and recreation, with its extensive landscaped grounds, two lakes, and a variety of amenities. There are two lakes, a café, fitness trail, sports facilities and play area. Events are held in the park over the summer months in the 500-year-old museum and music events are staged from the beautiful octagonal band stand.

The property's location allows for easy commuting, with direct trains from Northampton Railway Station to London Euston and quick access to the M1 motorway.

In additional to Northampton School for Boys there is primary schooling available at Abington Vale and Bridgewater, both of which are close by, and have Good or Outstanding Ofsted ratings. Private schools include Quinton House, Wellingborough, and Northampton High School for Girls.

**Accommodation:

Ground Floor:

Entrance Hall**
Accessed via a glazed timber door with matching side casement, the entrance hall is bright and welcoming, featuring a straight flight of timber stairs with ranch-style handrails leading to the first floor. Floors are finished with cut-pile carpet, and a panel door opens to the cloakroom/WC, while a glazed door leads to the sitting room.

Cloak Room / WC
Located off the entrance hall, this room includes a turquoise blue ceramic wall-mounted wash basin with chrome pillar taps, and a matching WC. A casement window provides natural light and ventilation. Matching splashback tiles have been fitted and there is a fixed mirror above the basin. Floors are finished with cut-pile carpet.

Sitting Room
Situated at the front right-hand side of the property, the sitting room enjoys excellent natural light from a large three-unit casement window overlooking the front aspect. The room features a period open-flame gas fire. Floors are finished with cut-pile carpet, and walls are decorated with embossed lining paper. An opening leads through to the dining room.

Dining Room
Located at the rear of the property, this space connects the sitting room and kitchen. Sliding glazed doors open onto a patio area, making this an ideal spot for entertaining and linking indoor and outdoor spaces. Floors are finished with matching cut-pile carpet, and walls are decorated with embossed lining paper. A glazed timber door leads into the kitchen.

Kitchen
A functional space with base and wall units along three walls, the kitchen is filled with natural light from casement windows and part-glazed door that opens to the rear garden. Built-in appliances include a four-burner electric hob with extractor hood, a double electric oven, and a 1½ sink with drainer and mixer tap. There is space for a low-level fridge-freezer and a washing machine. Floors are finished with tile-effect sheet vinyl, and decorative splashback tiles line the walls above the base units.

First Floor Landing
The first-floor landing features ranch-style handrails and fitted carpet. Natural light is provided by a casement window to the side aspect. Traditional six-panel doors lead to the bedrooms and bathroom, and a ceiling hatch offers access to the roof void.

Bedroom 1
A spacious double bedroom overlooking the rear garden, offering ample storage with a large built-in three-door wardrobe and overhead cupboard space. The room is finished with cut-pile carpet and decorative lining paper.

Bedroom 2
A further double bedroom located to the front right-hand side with a three-unit casement window. There is a built-in two-door wardrobe, dressing table, and matching drawers, with additional overhead storage space. Walls are partly finished with decorative lining paper and floor have cut pile carpet.

Bedroom 3
Located at the front left-hand side of the property, bedroom three offers space for a single bed and storage. The floors are finished with cut-pile carpet, and the walls are partly decorated with lining paper.

Bathroom
Fitted with a turquoise blue three-piece suite from the late 1970s, the bathroom includes a bath with chrome mixer taps, a WC with a low-level cistern, and a ceramic wash basin with pedestal and chrome pillar taps. The room is part-tiled with ceramic tiles and finished with cut-pile carpet. A frosted casement window to the rear provides natural light, and a built-in cupboard houses the hot water cylinder with space for laundry storage.

**Grounds:

Front Aspect**
The property is set back from Maclean Close, featuring a concrete slab and gravel driveway that provides off-road parking for several vehicles and leads to the detached brick-built garage. The front lawn is well-maintained, with a central lawn area and perimeter borders of perennials and manicured bushes. Steps lead up to the main entrance, with a projecting canopy supported by tubular steel posts.

Rear Aspect
The rear garden is similarly well-maintained, with a central lawn surrounded by mature shrubs and flowers. A concrete path leads to the rear of the garage, and a patio area provides a pleasant space for alfresco dining and entertaining. The boundaries are mainly formed by well-tended hedgerows, offering privacy.

Garage
The detached brick-built garage includes an up-and-over door for vehicle access and a separate pedestrian door. The garage provides ample space for storage or use as a workshop.

ONLINE AUCTION INFORMATION:

This property is being offered for sale via the Online Auction Page at David Cosby Chartered Surveyors

Here are key points about the auction process:

Register: Bidders must create an account on our auction page. This allows you to search for properties, download legal documents, arrange site viewings, and contact agents and solicitors.

Verify ID: Bidders must complete an ID verification process online, which is quick and leaves a soft footprint on your credit report.

Download Legal Pack: Interested parties should download a copy of the Legal Pack, which will be available on our auction site.

Confirm Terms: Bidders must ensure they have funds in place before bidding. If you win the bid, you are legally obliged to pay the full amount of the purchase price.

Place Your Bid: Bidders need to provide solicitor details and payment information. A fee of £5,000 is charged to the winning bidder, which is split between a buyer fee and a part payment of the purchase price.

Upon winning the auction:

Exchange Occurs Immediately: The successful bidder must pay the remainder of the 10% deposit and submit all signed documents by 12pm UK time the next business day.

Completion: Typically, completion occurs 20 working days from the exchange of contracts.

Disclosure:_
We wish to inform prospective buyers that a Director of David Cosby Limited is joint Attorney for the Vendor. This disclosure is made in the interest of full transparency and in accordance with professional standards of practice.

Important Notice:
These particulars are subject to vendor approval. Whilst every care has been taken with the preparation of these Sales Particulars complete accuracy cannot be guaranteed and they do not constitute a contract or part of one. David Cosby Chartered Surveyors have not conducted a survey of the premises, nor have we tested services, appliances, equipment, or fittings within the property and therefore no guarantee can be made that they are in good working order. No assumption should be made that the property has all necessary statutory approvals and consents such as planning and building regulations approval. Any measurements given within the particulars are approximate and photographs are provided for general information and do not infer that any item shown is included in the sale. Any plans provided are for illustrative purposes only and are not to scale. In all cases, prospective purchasers should verify matters for themselves by way of independent inspection and enquiries. Any comments made herein on the condition of the property are provided for guidance only and should not be relied upon._

Agent Details

David Cosby Chartered Surveyors, Farthingstone

01327 221851

Next Steps?

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