3 Bed Terraced House, Refurb/BRRR, Northampton, NN1 5JL, £200,000

Lutterworth Road, Abington, Northampton, Northamptonshire, NN1 5JL - 17 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£165K - £440K
Sold Prices/m²£1.9K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£222,623

 

 

End Value (After Refurb)

£237,542

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£41,155

Bridging Loan Interest

£5,250

Total Cash In

£106,105

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,542

Mortgage (After Refinance)

£178,157

Mortgage LTV

75%

Cash Released

£28,157

Cash Left In

£77,949

Equity

£59,386

Rent Range

£925 - £3,450

Rent Estimate

£1,499

Running Costs/mo

£1,062

Cashflow/mo

£437

Cashflow/yr

£5,243

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £165K to £440K, average is £246K. £1.9K/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£219K05/210.01 mi143, Lutterworth Road, Northampton, Northamptonshire NN1 5JL3
£240K03/210.01 mi106, Lutterworth Road, Northampton, Northamptonshire NN1 5JL3
£268.5K01/230.05 mi158, Lutterworth Road, Northampton, West Northamptonshire NN1 5JL3
£219K11/210.05 mi104, Wycliffe Road, Northampton, Northamptonshire NN1 5JH3
£232K12/200.05 mi113, Wycliffe Road, Northampton, Northamptonshire NN1 5JJ3
£272K01/230.05 mi126, Wycliffe Road, Northampton, West Northamptonshire NN1 5JH3
£206.5K03/230.06 mi108, Wycliffe Road, Northampton, West Northamptonshire NN1 5JH3
£267.5K12/210.07 mi125, Wycliffe Road, Northampton, Northamptonshire NN1 5JJ3
£241K03/210.07 mi51, Lutterworth Road, Northampton, Northamptonshire NN1 5JP3
£225K06/210.08 mi126, Loyd Road, Northampton, Northamptonshire NN1 5JA3
£240K07/210.09 mi72, Lutterworth Road, Northampton, Northamptonshire NN1 5JN3
£197K10/200.09 mi76, Lutterworth Road, Northampton, Northamptonshire NN1 5JN3
£165K04/210.1 mi3, Collins Street, Northampton, West Northamptonshire NN1 4TG3
£225K07/230.13 mi66, Barry Road, Northampton, West Northamptonshire NN1 5JS3
£247K04/210.13 mi15, Barry Road, Northampton, Northamptonshire NN1 5JS3
£265K02/220.13 mi33, Barry Road, Northampton, West Northamptonshire NN1 5JS3
£250.5K08/230.13 mi96, King Edward Road, Northampton, West Northamptonshire NN1 5LR3
£255K03/230.13 mi94, King Edward Road, Northampton, West Northamptonshire NN1 5LR3
£210K09/210.13 mi13, Wycliffe Road, Northampton, West Northamptonshire NN1 5JQ3
£212K12/200.13 mi85, Wycliffe Road, Northampton, Northamptonshire NN1 5JQ3
£203K03/210.13 mi57, Wycliffe Road, Northampton, Northamptonshire NN1 5JQ3
£265K05/230.13 mi87, Wycliffe Road, Northampton, West Northamptonshire NN1 5JQ3
£237K12/210.14 mi8, Monks Park Road, Northampton, Northamptonshire NN1 4LY3
£242.5K04/210.14 mi34, Lutterworth Road, Northampton, Northamptonshire NN1 5JW3
£250K07/210.16 mi44, Lutterworth Road, Northampton, Northamptonshire NN1 5JW3
£240K01/210.16 mi12, Lutterworth Road, Northampton, Northamptonshire NN1 5JW3
£185K09/210.16 mi29, Manfield Road, Northampton, West Northamptonshire NN1 4NW3
£310K10/230.16 mi29, Loyd Road, Northampton, West Northamptonshire NN1 5JE3
£260K06/210.16 mi27, Loyd Road, Northampton, West Northamptonshire NN1 5JE3
£230K09/210.17 mi11, Allen Road, Northampton, Northamptonshire NN1 4NB3
£218K10/200.17 mi27, Allen Road, Northampton, Northamptonshire NN1 4NB3
£440K05/230.18 mi6, Ardington Road, Northampton, West Northamptonshire NN1 5LJ3
£250K07/210.18 mi43, Albany Road, Northampton, Northamptonshire NN1 5LZ3
£356K03/230.19 mi154, Ardington Road, Northampton, West Northamptonshire NN1 5LT3
£290K07/230.22 mi58, Stimpson Avenue, Northampton, West Northamptonshire NN1 4LR3
£275K01/210.22 mi73, Stimpson Avenue, Northampton, Northamptonshire NN1 4LR3
£318.3K06/210.22 mi135, Billing Road, Northampton, West Northamptonshire NN1 5RR3
£230K04/210.23 mi100, Adnitt Road, Northampton, Northamptonshire NN1 4NG3
£302K09/230.23 mi106, Adnitt Road, Northampton, West Northamptonshire NN1 4NG3
£290K09/210.24 mi35, Sandringham Road, Northampton, Northamptonshire NN1 5NA3
£318.5K10/230.24 mi29, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3
£275K09/230.24 mi30, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3
£165K11/200.24 mi46, Melbourne Walk, Northampton, Northamptonshire NN1 5SL3
£273.5K01/230.24 mi152, Adnitt Road, Northampton, West Northamptonshire NN1 4NL3
£293.5K02/230.24 mi42, Sandringham Road, Northampton, West Northamptonshire NN1 5NA3
£238K03/210.25 mi170, Adnitt Road, Northampton, Northamptonshire NN1 4NL3
£180K02/210.25 mi30, Roseholme Road, Northampton, Northamptonshire NN1 4TQ3
£325K01/230.25 mi5, Adams Avenue, Northampton, West Northamptonshire NN1 4LQ3
£300K09/210.26 mi14, King Edward Road, Northampton, Northamptonshire NN1 5LU3
£245K04/210.26 mi40, King Edward Road, Northampton, Northamptonshire NN1 5LU3

Local Rents

52 rents from £925/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30008/240.02 miLutterworth Road, Northampton, NN13
£3,40006/240.03 mi-3
£3,40004/250.03 mi-3
£3,45003/250.06 mi-3
£3,45003/250.06 mi-3
£1,20006/240.07 miLoyd Road, Abington, Northampton, NN13
£1,02512/240.08 mi-3
£1,35009/240.08 miLutterworth Road, Abington, Northampton3
£1,25008/240.08 miLutterworth Road, Abington, NN13
£1,30003/250.08 mi-3
£3,40008/240.09 mi-3
£3,40001/250.09 mi-3
£1,40006/240.1 mi-3
£1,30008/240.14 miMonks Park Road, NORTHAMPTON3
£1,35007/240.15 miWycliffe Road, Abington, Northampton, NN13
£1,55008/240.16 miLutterworth Road, Northampton, NN1 5JW3
£1,35010/240.17 mi-3
£1,35010/240.17 mi-3
£1,20006/240.18 miBarry Road, Abington, Northampton NN13
£1,25006/240.18 miWilby Street, Northampton, NN13
£1,29510/240.19 mi-3
£1,35007/240.19 miArdington Road, Northampton, NN13
£1,35008/240.19 miArdington Road, Northampton, NN13
£1,25011/240.19 mi-3
£1,25011/240.19 mi-3
£92503/250.19 mi-3
£2,55002/240.19 mi-3
£1,19507/240.2 miAllen Road, Northampton, NN13
£1,19507/240.2 mi-3
£1,40008/240.21 miLoyd Road, Northampton3
£1,30007/240.24 miAdnitt Road, Northampton, NN13
£1,40012/240.24 mi-3
£1,25006/240.26 miThursby Road, Northampton3
£1,20006/240.27 miRoseholme Road, Abington, Northampton, NN13
£1,25006/240.28 miUpper Thrift Street, Off Billing Road - NN13
£1,15006/240.28 miRoseholme Road, Abington3
£1,15008/240.29 miRoe Road, Northampton3
£1,30010/240.29 mi-3
£1,30010/240.29 mi-3
£1,20006/240.3 miWhitworth Road, Northampton, West Northamptonshire, NN13
£1,30006/240.3 miWhitworth Road, Abington, NN13
£1,40003/250.31 mi-3
£1,50003/250.31 mi-3
£1,10009/240.31 miElizabeth Walk, Northampton, NN13
£1,20002/250.31 mi-3
£1,20006/240.32 miGarrick Road, Abington3
£1,05006/240.32 miWhitworth Road, Abington, Northampton NN13
£1,50003/250.32 mi-3
£1,40006/240.33 miLea Road, Northampton, Northamptonshire, NN13
£1,30006/240.34 miLea Road, NORTHAMPTON3
£1,20006/240.34 miPurser Road, Abington, NN13
£1,30004/250.34 mi-3

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.78 miles away

Nearest school

0.10 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £200,000

March 8, 2025

Price changed to £215,000

December 5, 2024

Listed for £225,000

November 6, 2024

Floor Plans

Description

  • Three Bedrooms +
  • In Need Of Modernisation +
  • Popular Location +
  • Walking Distance To Local Amenities +
  • Lounge Diner +
  • Downstairs WC +
  • Private Rear Garden +
  • Bay Fronted +

Located in the desirable area of Abington within walking distance of the town centre, Abington Park, and Northampton General Hospital is this three bedroom, bay fronted Victorian mid-terrace house. Entered to the front aspect, there is a hallway with stairs rising to the first floor and a door through to the downstairs living spaces. There is an open plan living room/dining room with bay window to the front and a large uPVC window to the rear looking out over the garden. To the rear of the property is the kitchen with a range of wall and base mounted units with space for the necessary appliances and a downstairs toilet at the back. There is also access in the kitchen for the cellar. 
Rising to the first floor, there are three double bedrooms and a family bathroom with low level toilet, washbasin, and shower over the bath. 

Lutterworth Road boasts a convenient location within walking distance of the vibrant Wellingborough Road, renowned for its array of designer shops, eateries, and local amenities. Just a short distance away lies the bustling Northampton town centre, approximately 1.8 miles from the property, offering further shopping, dining, and entertainment options. Commuters will appreciate the proximity of the train station, situated just 0.5 miles away, with regular services connecting to London Euston and Birmingham New Street. Additionally, easy access to the A45, located within 1.5 miles of Abington, ensures seamless travel to the M1 motorway, facilitating smooth journeys to nearby towns and cities. Families will find an excellent selection of schools nearby, including the esteemed Northampton School for Boys, Barry Road Primary School, and Abington Vale Primary School, catering to educational needs at various levels.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QAB240213/2

Agent Details

YOUR MOVE Nolan Throw, Abington

01604 279792

Next Steps?

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