3 Bed Semi-Detached House, Refurb/BRRR, Kettering, NN15 6PT, £255,000

7 Eastleigh Road, Kettering NN15 6PT - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£150K - £360K
Sold Prices/m²£1.8K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£241,032

 

 

End Value (After Refurb)

£250,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Refurb Costs

£41,600

Bridging Loan Interest

£6,694

Total Cash In

£122,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,000

Mortgage (After Refinance)

£187,500

Mortgage LTV

75%

Cash Left In

£122,894

Equity

£62,500

Rent Range

£1,010 - £2,700

Rent Estimate

£1,161

Running Costs/mo

£1,033

Cashflow/mo

£128

Cashflow/yr

£1,531

ROI

1%

Gross Yield

5%

Local Sold Prices

49 sold prices from £150K to £360K, average is £250K. £1.8K/m² to £5.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£232.5K02/210.06 mi25, Meadway Close, Kettering, Northamptonshire NN15 6QG3
£275K12/230.09 mi25, Cheyne Walk, Kettering, North Northamptonshire NN15 6PU3
£290K11/230.12 mi17, Pebbleford Road, Kettering, North Northamptonshire NN15 6QE3
£360K12/220.19 mi7, Milldale Gardens, Kettering, North Northamptonshire NN15 6QL3
£330K08/240.19 mi41, Cheyne Walk, Kettering, North Northamptonshire NN15 6PX3
£237K10/210.25 mi11, Grantown Close, Kettering, North Northamptonshire NN15 5DJ3
£320K04/230.29 mi40, Milldale Road, Kettering, North Northamptonshire NN15 6QD3
£280K07/230.29 mi14, Kylesku Crescent, Kettering, North Northamptonshire NN15 5BH3
£235K01/230.29 mi3, Kylesku Crescent, Kettering, North Northamptonshire NN15 5BH3
£265K02/230.3 mi21, Beverley Road, Kettering, North Northamptonshire NN15 6NU3
£218K03/210.32 mi50, Lewis Road, Kettering, Northamptonshire NN15 6HE3
£280K09/230.34 mi171, St Johns Road, Kettering, North Northamptonshire NN15 5EZ3
£290K09/230.34 mi7, Alness Close, Kettering, North Northamptonshire NN15 5BJ3
£150K09/230.34 mi13, Paradise Avenue, Kettering, North Northamptonshire NN15 6LU3
£250K01/210.35 mi6, Ise Road, Kettering, Northamptonshire NN15 7DX3
£242.5K01/230.35 mi5, Waverley Road, Kettering, North Northamptonshire NN15 6NT3
£240K03/210.35 mi18, Waverley Road, Kettering, North Northamptonshire NN15 6NT3
£205K01/210.35 mi258, London Road, Kettering, Northamptonshire NN15 6DU3
£282.5K07/240.36 mi11, Akela Close, Kettering, North Northamptonshire NN15 6EX3
£247.5K11/200.36 mi18, Akela Close, Kettering, Northamptonshire NN15 6EX3
£245K12/200.36 mi19, Akela Close, Kettering, Northamptonshire NN15 6EX3
£325K08/210.37 mi36, Ise Road, Kettering, Northamptonshire NN15 7DT3
£275K04/230.37 mi37, Ise Road, Kettering, North Northamptonshire NN15 7DT3
£250K09/210.37 mi1, Oban Close, Kettering, Northamptonshire NN15 5BL3
£220K12/200.37 mi4, Oban Close, Kettering, Northamptonshire NN15 5BL3
£197K06/240.37 mi43, Netherfield Road, Kettering, North Northamptonshire NN15 6DY3
£160K12/200.39 mi80, St Johns Road, Kettering, Northamptonshire NN15 5AZ3
£290K12/220.39 mi74, St Johns Road, Kettering, North Northamptonshire NN15 5AZ3
£230K09/230.39 mi143, St Johns Road, Kettering, North Northamptonshire NN15 5AZ3
£250K09/210.4 mi99, Pipers Hill Road, Kettering, North Northamptonshire NN15 7NN3
£220K11/230.4 mi103, Pipers Hill Road, Kettering, North Northamptonshire NN15 7NN3
£220K09/210.4 mi10, Wallis Road, Kettering, Northamptonshire NN15 6NX3
£209.9K12/200.4 mi13, Wallis Road, Kettering, Northamptonshire NN15 6NX3
£280K01/230.41 mi38, Culloden Drive, Kettering, North Northamptonshire NN15 5DF3
£200K04/210.42 mi22, Martin Road, Kettering, North Northamptonshire NN15 6HF3
£260K06/240.42 mi30, Martin Road, Kettering, North Northamptonshire NN15 6HF3
£270K11/230.42 mi3, Linden Close, Kettering, North Northamptonshire NN15 7NF3
£330K04/230.43 mi39, Rydalside, Kettering, North Northamptonshire NN15 7DR3
£310K02/230.43 mi79, Pipers Hill Road, Kettering, North Northamptonshire NN15 7NL3
£227K06/210.43 mi2, Lomond Drive, Kettering, Northamptonshire NN15 5DE3
£246K03/230.43 mi28, Lomond Drive, Kettering, North Northamptonshire NN15 5DE3
£242K01/230.44 mi12, Edward Road, Kettering, North Northamptonshire NN15 6HB3
£218.5K11/200.44 mi10, Douglas Court, Kettering, Northamptonshire NN15 5DW3
£290K09/210.44 mi101, Cheyne Walk, Kettering, Northamptonshire NN15 7EE3
£250K02/240.45 mi65, Silverwood Road, Kettering, North Northamptonshire NN15 6EL3
£250K11/200.45 mi18, Silverwood Road, Kettering, Northamptonshire NN15 6EJ3
£280K06/210.45 mi16, Gough Close, Kettering, Northamptonshire NN15 5BE3
£228K02/210.46 mi167, Linden Avenue, Kettering, Northamptonshire NN15 7NU3
£350K03/210.46 mi213, St Johns Road, Kettering, Northamptonshire NN15 5AW3

Local Rents

11 rents from £1K/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20010/240.37 mi-3
£1,10006/240.37 mi-3
£1,15012/240.4 mi-3
£1,25011/240.48 mi-3
£1,01006/240.52 mi-3
£1,20012/240.53 mi-3
£1,25011/240.54 mi-3
£1,20012/240.54 mi-3
£1,20012/240.54 mi-3
£1,20001/250.57 mi-3
£2,70003/240.62 mi-3

Local Area Statistics

Population in NN15

34,455

Population in Kettering

107,384

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+41%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £255,000

November 7, 2024

Floor Plans

Description

  • Impressive bay windowed semi detached house in sought after residential area +
  • Large rear garden with potential to extend +
  • Off road parking for one car plus garage and front garden +
  • Gas central heating, double glazing +
  • 2 separate reception rooms, kitchen with pantry +
  • Ground floor wc, modern first floor bathroom +
  • Close to Wicksteed Park and Tresham Institute. Schools nearby +
  • Great location for dog walking, Ise Valley greenbelt at the bottom of the road or Wicksteeds over the road +

Welcome to this charming bay-fronted semi-detached home, beautifully positioned in a highly sought-after residential area. This property offers a spacious layout and a touch of character, featuring a well-proportioned living space ideal for comfortable family living.
The kitchen, although in need of updating, comes complete with a delightful, classic pantry – perfect for keeping essentials organized and maintaining fresh produce at the ideal temperature. Beyond the kitchen, the generous rear garden invites endless possibilities, whether you’re envisioning a vegetable patch, a formal garden, or both. Plus, there’s already a shed and greenhouse, providing the perfect start for garden enthusiasts.
Upstairs, you’ll find three spacious bedrooms: two good doubles and a comfortable single, along with a modern family bathroom. Outside, the property is not directly overlooked from behind, while the front overlooks school playing fields towards Wicksteed Park. The front garden and driveway, complete with an attached garage, offer convenient parking, though please note that this is a permit-only street.
This property comes with no chain and holds great potential for modernization or even expansion. Don’t miss this opportunity – call Lucas today to arrange your viewing and explore the possibilities!

Agent Details

Lucas Estate Agents, Kettering

01536 903948

Next Steps?

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