3 Bed Terraced House, Refurb/BRRR, Northampton, NN4 8DP, £195,000

St. Leonards Road, Northampton, NN4 8DP - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£100K - £295K
Sold Prices/m²£1.3K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£198,900

 

 

End Value (After Refurb)

£229,315

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Refurb Costs

£41,197

Bridging Loan Interest

£5,119

Total Cash In

£103,865

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,315

Mortgage (After Refinance)

£171,986

Mortgage LTV

75%

Cash Released

£25,736

Cash Left In

£78,129

Equity

£57,329

Rent Range

£975 - £1,600

Rent Estimate

£1,292

Running Costs/mo

£995

Cashflow/mo

£297

Cashflow/yr

£3,564

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £100K to £295K, average is £216.6K. £1.3K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£203K08/210.03 mi32, Euston Road, Northampton, Northamptonshire NN4 8DT3
£206K10/230.05 mi32, Euston Road, Northampton, West Northamptonshire NN4 8DT3
£180K01/240.08 mi9, Southampton Road, Northampton, West Northamptonshire NN4 8EA3
£195K02/210.08 mi43, Southampton Road, Northampton, Northamptonshire NN4 8EA3
£185K08/230.08 mi38, Southampton Road, Northampton, West Northamptonshire NN4 8EA3
£177K01/210.08 mi33, Southampton Road, Northampton, Northamptonshire NN4 8EA3
£217K09/210.11 mi7, Penrhyn Road, Northampton, Northamptonshire NN4 8EB3
£235K11/210.12 mi48, Penrhyn Road, Northampton, Northamptonshire NN4 8ED3
£230K11/220.12 mi62, Euston Road, Northampton, West Northamptonshire NN4 8DU3
£230K12/220.12 mi148, St Leonards Road, Northampton, West Northamptonshire NN4 8DW3
£180K01/210.13 mi5, Southfield Avenue, Northampton, Northamptonshire NN4 8AQ3
£180K01/210.13 mi5, Southfield Avenue, Northampton, Northamptonshire NN4 8AQ3
£277.5K08/230.13 mi3, Baulmsholme Close, Northampton, West Northamptonshire NN4 8BJ3
£174K04/210.14 mi69, Euston Road, Northampton, Northamptonshire NN4 8DX3
£187.5K05/210.14 mi97, Euston Road, Northampton, Northamptonshire NN4 8DX3
£187.5K02/210.15 mi26, Ransome Road, Northampton, Northamptonshire NN4 8DE3
£205K08/230.15 mi126, Southampton Road, Northampton, West Northamptonshire NN4 8DY3
£227K11/220.15 mi156, Southampton Road, Northampton, West Northamptonshire NN4 8DY3
£187.5K02/210.15 mi26, Ransome Road, Northampton, Northamptonshire NN4 8DE3
£196K08/210.16 mi128, Euston Road, Northampton, Northamptonshire NN4 8DU3
£285K11/220.16 mi127, Delapre Crescent Road, Northampton, West Northamptonshire NN4 8NQ3
£205K04/210.16 mi13, Delapre Crescent Road, Northampton, West Northamptonshire NN4 8NG3
£207K10/200.18 mi183, Southampton Road, Northampton, Northamptonshire NN4 8DZ3
£280K05/230.18 mi17, Claughton Road, Northampton, West Northamptonshire NN4 8AF3
£225K06/210.19 mi130, Penrhyn Road, Northampton, West Northamptonshire NN4 8ED3
£220K08/230.19 mi114, Penrhyn Road, Northampton, West Northamptonshire NN4 8ED3
£237K05/240.19 mi96, Penrhyn Road, Northampton, West Northamptonshire NN4 8ED3
£223K10/200.19 mi46, Penrhyn Road, Northampton, Northamptonshire NN4 8ED3
£172K02/210.19 mi135, Southampton Road, Northampton, Northamptonshire NN4 8DZ3
£248K10/200.19 mi10, Thomas Chapman Grove, Northampton, Northamptonshire NN4 8RQ3
£255K11/230.19 mi12, New South Bridge Road, Northampton, West Northamptonshire NN4 8RP3
£265K10/210.2 mi10, Pomfret Arms Close, Northampton, Northamptonshire NN4 8DJ3
£216K06/230.2 mi139, Penrhyn Road, Northampton, West Northamptonshire NN4 8EE3
£216.1K11/230.21 mi16, Eastfield Road, Delapre, Northampton, West Northamptonshire NN4 8PE3
£200K02/210.21 mi6, Eastfield Road, Delapre, Northampton, West Northamptonshire NN4 8PE3
£205K11/210.21 mi4, Eastfield Road, Delapre, Northampton, Northamptonshire NN4 8PE3
£255K07/210.22 mi54, Thomas Chapman Grove, Northampton, Northamptonshire NN4 8RQ3
£250K02/230.22 mi107, Penrhyn Road, Northampton, West Northamptonshire NN4 8EE3
£202K05/210.22 mi107, Penrhyn Road, Northampton, Northamptonshire NN4 8EE3
£265K11/200.22 mi9, Thomas Chapman Grove, Northampton, Northamptonshire NN4 8RQ3
£227.5K12/230.22 mi13, Thorpe Road, Northampton, West Northamptonshire NN4 8PD3
£295K05/210.22 mi3, Thorpe Road, Northampton, West Northamptonshire NN4 8PD3
£170K12/200.24 mi175, Southampton Road, Northampton, Northamptonshire NN4 8DZ3
£203.5K02/210.24 mi38, Forest Road, Northampton, Northamptonshire NN4 8PA3
£270K12/220.24 mi48, Forest Road, Northampton, West Northamptonshire NN4 8PA3
£252K11/200.27 mi9, Delapre Crescent Road, Northampton, Northamptonshire NN4 8NG3
£225K06/230.27 mi43, Delapre Crescent Road, Northampton, West Northamptonshire NN4 8NG3
£230K02/210.28 mi9, Pleydell Road, Northampton, West Northamptonshire NN4 8NJ3
£250K11/220.28 mi45, Pleydell Road, Northampton, West Northamptonshire NN4 8NJ3
£100K10/200.3 mi27, Salcey Street, Northampton, Northamptonshire NN4 8NY3

Local Rents

37 rents from £975/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.02 mi-3
£1,45002/240.02 mi-3
£1,45001/250.02 mi-3
£1,35006/240.04 mi-3
£1,09506/240.04 miSt Leonards Road, Northampton3
£1,27506/240.04 miEuston Road, Northampton, NN43
£1,25008/240.04 miEuston Road, Northampton, NN43
£1,35010/240.04 mi-3
£1,25006/240.05 miEuston Road, NORTHAMPTON3
£1,30007/240.08 miSouthampton Road Northampton3
£1,50008/240.09 miSt. Leonards Road, Northampton, Northamptonshire, NN43
£1,30008/240.1 miEuston Road, Far Cotton, Northampton, NN43
£1,30011/240.11 mi-3
£1,29903/250.13 mi-3
£1,15006/240.13 miBaulmsholme Close, Southbridge, Northampton NN4 8BJ3
£1,25008/240.14 mi-3
£1,35006/240.14 mi-3
£1,15010/240.15 mi-3
£1,20002/250.17 mi-3
£97506/240.17 miSouthampton Road, Northampton, NN43
£1,30006/240.19 miPenrhyn Road, NN43
£1,29506/240.19 miNew South Bridge Road, Northampton, Northamptonshire, NN43
£1,30008/240.2 miPenrhyn Road, Northampton NN4 8ED3
£1,30007/240.21 miPenrhyn Road, Far Cotton, Northampton, NN43
£1,30006/240.29 miLondon Road, Delapre, Northampton, NN43
£1,30008/240.31 miStevenson street, Far Cotton, Northampton3
£1,30008/240.31 mi-3
£1,30008/240.31 miStevenson Street, Northampton, NN43
£1,60012/240.33 mi-3
£1,20003/250.36 mi-3
£1,30002/250.37 mi-3
£1,25012/240.43 mi-3
£1,10006/240.46 miVictoria Gardens, Northampton3
£1,40006/240.53 miTowcester Road, Far Cotton, Northampton, Northamptonshire, NN43
£1,30006/240.57 miLondon Road, Northampton, Northamptonshire, NN43
£1,47512/240.57 mi-3
£1,47512/240.57 mi-3

Local Area Statistics

Population in NN4

46,727

Population in Northampton

281,924

Town centre distance

1 miles away

Nearest school

0.40 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £195,000

October 22, 2024

Floor Plans

Description

  • Bay Fronted Victorian Terrace +
  • Three Bedrooms +
  • Front and rear gardens +
  • Ideal Investment or First Purchase +
  • Extended Kitchen +
  • Close to Town Centre, Northampton Train Station & Northampton University +
  • No Chain +

SUMMARY
Offered with no onward chain, situated in the highly sought-after area of Far Cotton. Perfectly located close to the Town Centre, Northampton University, and offering ease of access to the Railway Station, Hospital, and the A45 ring road road leading directly to the M1 motorway.

DESCRIPTION
Location: Highly desirable area of Far Cotton with convenient access to local amenities and excellent transport links.

Condition: In need of some cosmetic updating, providing an excellent opportunity to put your personal touch on the property.

Accommodation:
Entrance hall with stairs leading to the first floor and convenient storage underneath.Spacious sitting room and dining room ideal for family gatherings. Fitted kitchen providing practicality and function. First Floor: Access to the loft space for additional storage. Three well-proportioned bedrooms. Family bathroom for ultimate convenience.

Exterior: Attractive forecourt garden to the front with a wrought iron gate, adding to the property’s curb appeal.
Enclosed south-facing garden to the rear, perfect for outdoor entertaining or relaxing in the sun.

Summary: This property is an ideal opportunity for families, first-time buyers, or investors looking for a manageable project in a vibrant and accessible community. Don’t miss out on this fantastic chance to secure a home in Far Cotton.

Entrance Hall  
Enter via double glazed door tot he front aspect. Wall mounted radiator.

Cloakroom  
Low level WC. Window to the rear aspect.

Lounge / Diner  24' 7" x 12' 2" ( 7.49m x 3.71m )
Double glazed window to the front aspect. Double glazed window to the rear aspect. Two gas fireplaces. Gas and electric meters. Two wall mounted radiators.

Dining Room  7' 10" x 10' 9" ( 2.39m x 3.28m )
Double glazed window to the side aspect. Wall mounted radiator. Understairs storage cupboard.

Kitchen  5' 10" x 12' 2" ( 1.78m x 3.71m )
Wall and base units. Worksurfaces. Sink and drainer unit. Space for white goods. Double glazed window to the rear aspect. Double glazed door to the side aspect.

Landing  
Access to loft space.

Bedroom One  15' max x 11' ( 4.57m max x 3.35m )
Two double glazed windows to the front aspect. Wall mounted radiator, Built in wardrobes.

Bedroom Two  9' 5" max x 11' 5" max ( 2.87m max x 3.48m max )
Double glazed window to the rear aspect. Wall mounted radiator.

Bedroom Three  8' x 9' 7" ( 2.44m x 2.92m )
Double glazed window to the rear aspect. Wall mounted radiator. Combi boiler.

Bathroom  
Double glazed window to the side aspect. Shower cubicle, wash hand basin and low level WC. Wall mounted radiator.

Outside  

Rear Garden  
Patio. Flower beds.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Northampton

01604 279909

Next Steps?

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