3 Bed Terraced House, Refurb/BRRR, Northampton, NN2 6RE, £280,000

Fremeaux Terrace, Northampton, NN2 6RE - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£120K - £485K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£228,955

 

 

End Value (After Refurb)

£280,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£41,222

Bridging Loan Interest

£7,350

Total Cash In

£135,022

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£280,000

Mortgage (After Refinance)

£210,000

Mortgage LTV

75%

Cash Left In

£135,022

Equity

£70,000

Rent Range

£1,050 - £3,300

Rent Estimate

£1,481

Running Costs/mo

£1,191

Cashflow/mo

£290

Cashflow/yr

£3,478

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £485K, average is £246.3K. £1.4K/m² to £4.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£400K11/210.01 mi23, Green End, Northampton, Northamptonshire NN2 6RD3
£260K06/230.06 mi57, Mill Lane, Kingsthorpe, Northampton, West Northamptonshire NN2 6RQ3
£355K01/230.06 mi79, Mill Lane, Kingsthorpe, Northampton, West Northamptonshire NN2 6RQ3
£485K10/200.14 mi31, Kingswell Road, Northampton, Northamptonshire NN2 6QB3
£180K04/210.14 mi10, Kingswell Road, Northampton, Northamptonshire NN2 6QB3
£198K02/210.17 mi41, Garfield Street, Northampton, West Northamptonshire NN2 6NW3
£175K11/200.18 mi24, Washington Street, Northampton, Northamptonshire NN2 6NL3
£230K05/230.18 mi64, Washington Street, Northampton, West Northamptonshire NN2 6NL3
£170K01/210.21 mi34, Lincoln Street, Northampton, Northamptonshire NN2 6NR3
£345K12/200.24 mi31, Knights Lane, Northampton, Northamptonshire NN2 6QN3
£197K05/210.26 mi31, Harborough Road, Northampton, Northamptonshire NN2 7BB3
£120K10/230.27 mi38c, High Street, Kingsthorpe, Northampton, West Northamptonshire NN2 6QE3
£247.5K11/200.27 mi40a, High Street, Kingsthorpe, Northampton, Northamptonshire NN2 6QE3
£255K08/230.29 mi23, Bishops Drive, Northampton, West Northamptonshire NN2 6QR3
£280K12/230.3 mi6, Thornby Drive, Northampton, West Northamptonshire NN2 8HB3
£331K04/210.33 mi117, Queens Park Parade, Northampton, Northamptonshire NN2 6LR3
£375K06/210.33 mi19, Kingsway, Northampton, Northamptonshire NN2 8HD3
£210.5K12/200.37 mi29, Kingsthorpe Grove, Northampton, Northamptonshire NN2 6NS3
£265K09/210.39 mi93, Clarence Avenue, Northampton, Northamptonshire NN2 6NY3
£280K04/210.39 mi127, Clarence Avenue, Northampton, Northamptonshire NN2 6NY3
£330K02/230.4 mi5, Kensington Close, Northampton, West Northamptonshire NN2 6NP3
£250K09/230.4 mi11, Kingsland Avenue, Northampton, West Northamptonshire NN2 7PP3
£242K07/230.4 mi54, Kingsland Avenue, Northampton, West Northamptonshire NN2 7PP3
£295K03/240.41 mi116, Clarence Avenue, Northampton, West Northamptonshire NN2 6PA3
£260K03/230.42 mi9, Branksome Avenue, Northampton, West Northamptonshire NN2 6ND3
£245K08/210.42 mi14, Branksome Avenue, Northampton, Northamptonshire NN2 6ND3
£190K05/210.43 mi9, Queens Park Parade, Northampton, Northamptonshire NN2 6LP3
£450K06/230.43 mi157, Welford Road, Northampton, West Northamptonshire NN2 8AJ3
£276K04/230.43 mi68, Nene Place, Northampton, West Northamptonshire NN5 7PR3
£225K10/210.44 mi58, Nene Way, Northampton, Northamptonshire NN5 7NG3
£265K07/210.45 mi62, North Western Avenue, Northampton, West Northamptonshire NN2 8HL3
£225K07/210.47 mi87, Cecil Road, Northampton, Northamptonshire NN2 6PG3
£254K10/230.47 mi35, Cecil Road, Northampton, West Northamptonshire NN2 6PG3
£220K03/210.47 mi55, Cecil Road, Northampton, Northamptonshire NN2 6PG3
£220K11/230.48 mi55, Cranford Road, Northampton, West Northamptonshire NN2 7QU3
£180K02/210.48 mi17, Cranford Road, Northampton, Northamptonshire NN2 7QU3
£215K08/230.48 mi100, Norton Road, Northampton, West Northamptonshire NN2 7TN3
£215K01/240.48 mi56, Norton Road, Northampton, West Northamptonshire NN2 7TN3
£275K02/230.48 mi47, Thornton Road, Northampton, West Northamptonshire NN2 6LS3
£235K08/230.48 mi5, Thornton Road, Northampton, West Northamptonshire NN2 6LS3
£200K02/240.48 mi29, Windrush Way, Northampton, West Northamptonshire NN5 7NA3
£185K10/230.48 mi17, Windrush Way, Northampton, West Northamptonshire NN5 7NA3
£225K12/200.48 mi58, Cecil Road, Northampton, Northamptonshire NN2 6PQ3
£227.5K12/230.48 mi70, Cecil Road, Northampton, West Northamptonshire NN2 6PQ3
£325K02/240.48 mi46, Cecil Road, Northampton, West Northamptonshire NN2 6PQ3
£285K04/240.48 mi40, Clarence Avenue, Northampton, West Northamptonshire NN2 6NZ3
£205K04/210.48 mi12, Thornton Road, Northampton, Northamptonshire NN2 6LS3
£175K11/200.51 mi15, Cecil Road, Northampton, Northamptonshire NN2 6PG3
£275K04/240.51 mi19, Edinburgh Road, Northampton, West Northamptonshire NN2 6PH3
£265K04/210.52 mi34, Grovebury Dell, Northampton, Northamptonshire NN2 8QP3

Local Rents

29 rents from £1.1K/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.17 miGarfield Street, NORTHAMPTON3
£1,60006/240.18 miVicarage Lane, Northampton3
£1,20010/240.37 mi-3
£1,20008/240.38 mi-3
£1,20007/240.38 miKingsland Avenue, Northampton, NN23
£1,29508/240.43 miKingsway, Kingsthorpe, Northampton, Northamptonshire, NN2 8HF3
£1,25008/240.46 mi-3
£1,20007/240.47 miCecil Road, Kingsthorpe, Northampton, NN23
£1,15009/240.47 miCecil Road, NORTHAMPTON3
£1,35002/250.48 mi-3
£1,25007/240.55 miRuskin Road, Kingsthorpe, Northampton NN23
£1,55008/240.56 miBalmoral Road, Northampton, NN23
£1,30008/240.56 miRuskin Road, Kingsthorpe, Northampton, Northamptonshire, NN23
£3,30008/240.56 mi-3
£3,30003/250.56 mi-3
£3,30001/250.56 mi-3
£1,20006/240.56 miKingsthorpe Grove, Northampton, NN23
£1,30007/240.57 miBalmoral Road, NORTHAMPTON3
£1,55008/240.57 miBalmoral Road, Northampton, Northamptonshire, NN23
£1,15008/240.58 miEast Oval, Kings Heath, Northampton, NN53
£1,10007/240.58 miRedland Drive, Kingsthorpe, Northampton NN2 8UG3
£1,20004/250.59 mi-3
£1,05007/240.59 miBalmoral Road, Queens Park - NN23
£1,05008/240.59 miBalmoral Road, Queens Park - NN23
£1,25006/240.59 miBoughton Green Road, Northampton3
£1,30003/250.6 mi-3
£1,30008/240.61 mi-3
£1,30007/240.61 miBalmoral Road, Northampton, NN23
£1,12510/240.61 mi-3

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

1.45 miles away

Nearest school

0.10 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £280,000

February 28, 2025

Price changed to £300,000

December 26, 2024

Listed for £325,000

November 13, 2024

Floor Plans

Description

  • IDEALLY SET IN A VILLAGE LOCATION +
  • OFFERED WITH NO UPWARD CHAIN +
  • IN NEED OF MODERNISATION +
  • TWO RECEPTION ROOMS AND KITCHEN/BREAKFAST ROOM +
  • THREE DOUBLE BEDROOMS AND SPACIOUS FAMILY BATHROOM WITH FIVE PIECE SUITE +
  • CLOSE PROXIMITY TO SCHOOLS AND LOCAL AMENITIES +
  • INVESTMENT OPPORTUNITY +

SUMMARY
Ideally located in the heart of KINGSTHORPE VILLAGE is this spacious three bedroom mid-terrace property which is in NEED OF MODERNISATION and offered to the market with NO UPWARD CHAIN. Call us on to register your interest

DESCRIPTION
Ideally located in the heart of KINGSTHORPE VILLAGE is this spacious three bedroom mid-terrace property which is in NEED OF MODERNISATION and offered to the market with NO UPWARD CHAIN.

The property is set over three floors and offers in brief an entrance hall, living room with bay window, spacious dining/ family room with French doors to the rear elevation, inner hallway and a kitchen/breakfast room. To the first floor there are two double bedrooms and a family bathroom with five piece suite. To the second floor there is a third double bedroom. Outside there is a small front garden and to the rear a mature garden with patio area.

Call us on to register your interest, as viewing is highly advised to fully appreciate the opportunity this property provides.

Entrance Hall 
Door to the front elevation. Feature picture rail and further doors leading off to the living room and dining/family room.

Living Room 11' 11" into bay x 11' max ( 3.63m into bay x 3.35m max )
Bay window to the front elevation and feature picture rail.

Dining/ Family Room 14' 10" x 12' 5" max ( 4.52m x 3.78m max )
UPVC double glazed French doors to the rear elevation. Fireplace with electric fire fitted and connecting door leading to the inner hallway.

Inner Hallway 
Under stairs storage with UPVC double glazed window to the side elevation. Connecting door to the kitchen/breakfast room and stairs rising to the first floor landing.

Kitchen/ Breakfast Room 17' 4" x 8' max ( 5.28m x 2.44m max )
Fitted kitchen with a range of wall and base level units. Stainless steel one and a half bowl sink and drainer with mixer tap over, set into work surfaces and tiled to splash back areas. Space for free standing cooker and fridge/freezer. Plumbing for washing machine and slim line dishwasher. UPVC double glazed windows to the rear and side elevations, and UPVC double glazed door to the side elevation provides access to the patio area and rear garden.

First Floor Landing 
Stairs rise from the inner hallway. UPVC double glazed window to the side elevation, and doors leading off to two double bedrooms and the family bathroom.

Master Bedroom 14' 9" max x 12' ( 4.50m max x 3.66m )
Double size room with window to the front elevation.

Bedroom Two 12' 6" max x 11' 5" ( 3.81m max x 3.48m )
Double size room with UPVC double glazed window to the rear elevation. Picture rail and feature cast iron fireplace.

Family Bathroom 
Five piece suite comprising panelled bath, separate shower cubicle, low level flush w.c, bidet, pedestal wash hand basin and tiling to splash back areas. Electric heated towel rail and UPVC opaque double glazed window to the rear elevation.

Second Floor Landing 
Stairs rise from the first floor landing. UPVC double glazed window to the side elevation, storage area, hot water cylinder and connecting door to bedroom three.

Bedroom Three 13' 9" x 14' 1" into bay window ( 4.19m x 4.29m into bay window )
Double size room with restricted head height with UPVC double glazed bay window to the rear elevation and further window to the front elevation.

Outside 

Front Garden 
Paved area and pathway leading to the front door.

Rear Garden 
Patio area with steps rising to a lawned area with mature trees.

Location 
Kingsthorpe is a suburb to the North-West of the major town of Northampton with the River Nene flowing through the area to the West. The suburb facilities are centred around the main A508 and A5199 roads between Northampton town centre, Market Harborough and Leicester respectively. Local amenities include two big chain supermarkets, restaurants, public houses, take away's, newsagents, estate agents, travel agents and pharmacies. Local schooling includes Whitehills Primary and Nursery, Sunnyside Primary and Pre-school, All Saints CEVA Primary, Kingsthorpe Village Primary, Kingsthorpe Grove Primary, Green Oaks Primary, The Good Shepherd Catholic Primary and Northgate School Arts College. Higher education is provided by Kingsthorpe College off Boughton Green Road. There is also Acre Lane Recreation Ground and The Pastures Community Centre. Kingsthorpe is near to many walks including Harlestone Firs and Brampton Valley Way.

Council Tax Band 
D

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, Kingsthorpe

01604 279731

Next Steps?

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