3 Bed Semi-Detached House, Refurb/BRRR, Northampton, NN3 9NP, £200,000

16 Palmer Square, Great Billing, Northampton, NN3 9NP - 6 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
67 m²
+4 photos

ValuationOvervalued

Sold Prices£153.5K - £445K
Sold Prices/m²£1.9K/m² - £4K/m²

 

 

Square Metres

67 m²
Price/m²£3K/m²

Value Estimate

£189,348

 

 

End Value (After Refurb)

£200,202

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£29,649

Bridging Loan Interest

£5,250

Total Cash In

£93,849

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,202

Mortgage (After Refinance)

£150,152

Mortgage LTV

75%

Cash Released

£152

Cash Left In

£93,698

Equity

£50,051

Rent Range

£450 - £1,400

Rent Estimate

£1,189

Running Costs/mo

£883

Cashflow/mo

£306

Cashflow/yr

£3,667

ROI

4%

Gross Yield

7%

Local Sold Prices

51 sold prices from £153.5K to £445K, average is £230K. £1.9K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£250K02/230.01 mi17, Palmer Square, Northampton, West Northamptonshire NN3 9NP3
£210K09/210.08 mi6, Lawson Crescent, Northampton, Northamptonshire NN3 9NS3
£180K10/230.11 mi19, Gibbs Acre Court, Northampton, West Northamptonshire NN3 9AN3
£230K02/230.17 mi5, Foskitt Court South, Northampton, West Northamptonshire NN3 9AX3
£160K11/200.23 mi27, Lasham Court, Northampton, Northamptonshire NN3 9BD3
£165K05/210.26 mi58, Coneygree Court, Northampton, Northamptonshire NN3 9BN3
£185K01/240.26 mi42, Kingscroft Court, Northampton, West Northamptonshire NN3 9BH3
£153.5K06/210.29 mi9, Long Mallows Rise, Northampton, Northamptonshire NN3 5AR3
£191K07/230.29 mi20, Long Mallows Rise, Northampton, West Northamptonshire NN3 5AR3
£224K01/210.32 mi14, Glade Close, Northampton, Northamptonshire NN3 9SN3
£285K12/220.32 mi7, Glade Close, Northampton, West Northamptonshire NN3 9SN3
£165K03/210.41 mi25, Horsemoor Square, Northampton, Northamptonshire NN3 5AE3
£297.5K11/210.42 mi16, High Street, Great Billing, Northampton, Northamptonshire NN3 9DT3
£230K01/230.43 mi16, Knights Court, Little Billing, Northampton, West Northamptonshire NN3 9AT3
£270K10/210.44 mi2, Knights Court, Little Billing, Northampton, Northamptonshire NN3 9AT3
£310K09/230.46 mi3, Ecton Brook Road, Northampton, West Northamptonshire NN3 5EA3
£200K07/230.49 mi8, Normead Square, Northampton, West Northamptonshire NN3 5AB3
£365K03/210.5 mi5, Cumbrae Drive, Great Billing, Northampton, Northamptonshire NN3 9HD3
£320K07/230.5 mi19, Riverwell, Northampton, West Northamptonshire NN3 5EG3
£422.5K01/240.51 mi6, Orchard Hill, Little Billing, Northampton, West Northamptonshire NN3 9AG3
£255K01/240.51 mi110, Orchard Hill, Little Billing, Northampton, West Northamptonshire NN3 9AG3
£445K11/230.51 mi10, Orchard Hill, Little Billing, Northampton, West Northamptonshire NN3 9AG3
£445K04/240.51 mi112a, Orchard Hill, Little Billing, Northampton, West Northamptonshire NN3 9AG3
£270K11/210.54 mi24, Damson Dell, Little Billing, Northampton, Northamptonshire NN3 9AJ3
£215K02/230.61 mi10, Drywell Court, Northampton, West Northamptonshire NN3 9TP3
£220K01/230.61 mi2, Drywell Court, Northampton, West Northamptonshire NN3 9TP3
£180K11/200.62 mi7, Marshwell Court, Northampton, Northamptonshire NN3 9SU3
£200K11/200.63 mi49, Swinford Hollow, Little Billing, Northampton, Northamptonshire NN3 9HP3
£255K06/230.63 mi63, Swinford Hollow, Little Billing, Northampton, West Northamptonshire NN3 9HP3
£225K11/210.64 mi5, Raisins Field Close, Northampton, West Northamptonshire NN3 5LA3
£226K09/210.64 mi72, Swinford Hollow, Little Billing, Northampton, Northamptonshire NN3 9UN3
£180K03/240.66 mi79, Drywell Court, Northampton, West Northamptonshire NN3 9TR3
£245K01/230.67 mi64, Swinford Hollow, Little Billing, Northampton, West Northamptonshire NN3 9UN3
£405K05/230.68 mi8, Chantry Close, Great Billing, Northampton, West Northamptonshire NN3 9EG3
£245K12/200.68 mi21, Vantage Meadow, Northampton, Northamptonshire NN3 5EJ3
£260K02/210.68 mi36, Vantage Meadow, Northampton, Northamptonshire NN3 5EJ3
£225K02/210.68 mi8, Ecton Park Road, Northampton, Northamptonshire NN3 5EB3
£230K07/210.68 mi43, Ecton Park Road, Northampton, Northamptonshire NN3 5EB3
£169.9K03/210.69 mi25, Spanslade Road, Northampton, West Northamptonshire NN3 9DL3
£205K01/240.69 mi66, Spanslade Road, Northampton, West Northamptonshire NN3 9DL3
£255K07/230.71 mi85, Ecton Park Road, Northampton, West Northamptonshire NN3 5LF3
£255K01/230.71 mi66, Ecton Park Road, Northampton, West Northamptonshire NN3 5LF3
£410K09/210.72 mi2, Chantry Close, Great Billing, Northampton, Northamptonshire NN3 9EG3
£185K03/210.72 mi17, Newstead Close, Northampton, Northamptonshire NN3 5EE3
£230K01/230.73 mi4, Longford Avenue, Little Billing, Northampton, West Northamptonshire NN3 9HN3
£437.5K12/220.74 mi12, Penfold Drive, Great Billing, Northampton, West Northamptonshire NN3 9EQ3
£264K11/230.76 mi41, Longford Avenue, Little Billing, Northampton, West Northamptonshire NN3 9HL3
£210K03/230.76 mi21, Sladeswell Court, Northampton, West Northamptonshire NN3 9SZ3
£205K03/210.79 mi51, Ashmead, Little Billing, Northampton, Northamptonshire NN3 9JQ3
£221.5K07/230.81 mi81, Beaumont Drive, Northampton, West Northamptonshire NN3 8PS3
£221.5K07/230.81 mi81, Beaumont Drive, Northampton, West Northamptonshire NN3 8PS3

Local Rents

43 rents from £450/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15006/240.03 miPalmer Square, Great Billing, Northampton NN33
£1,25006/240.11 miFoskitt Court North, NORTHAMPTON3
£1,30010/240.17 mi-3
£1,27912/240.43 mi-3
£1,25002/250.43 mi-3
£1,25002/250.43 mi-3
£1,22506/240.47 miWorcester Close, Northampton3
£1,25006/240.48 mi-3
£1,00006/240.64 miSpanslade Road, Little Billing3
£1,00006/240.64 miSpanslade Road, Little Billing3
£1,20007/240.64 miSwinford Hollow, Little Billing, NN3 9UN3
£1,20008/240.64 miSwinford Hollow, Little Billing, NN3 9UN3
£1,05010/240.66 mi-3
£1,30006/240.71 miBrickwell Court, Weston Favell, NN3 9TS3
£1,25006/240.75 mi-3
£1,40006/240.77 miThe Fairoaks, Northampton3
£1,25003/250.78 mi-3
£1,32504/250.81 mi-3
£1,27508/240.85 mi-3
£1,30006/240.86 miBeaumont Drive, Northampton NN3 8PE3
£1,25003/250.87 mi-3
£1,25006/240.94 miEmley Close, Beau Manor, Northampton, NN33
£1,25009/240.94 miEmley Close, Beau Manor, Northampton, NN33
£1,20006/240.94 miSeaton Drive, Standens Barn, Northampton NN3 9SS3
£1,10008/241.02 miCollmead Court, Blackthorn, Northampton NN33
£1,10006/241.02 miCollmead Court, Northampton, NN3 8QE3
£1,25006/241.04 miStation Road, Cogenhoe, Northamptonshire NN73
£1,30009/241.1 mi-3
£1,30009/241.1 miGreatmeadow, Northampton, NN33
£1,17506/241.11 mi-3
£1,19503/251.11 mi-3
£1,10008/241.13 miPikemead Court, Blackthorn, Northampton NN33
£1,20006/241.14 miPikemead Court, Northampton, NN33
£1,15007/241.17 miMorgan Close, Rectory Farm, NN3 5JH3
£1,15008/241.17 miMorgan Close, Rectory Farm, NN3 5JH3
£1,30004/251.19 mi-3
£45008/241.2 miHangerfield Court, Northampton, Northamptonshire, NN3 8LL3
£1,35008/241.2 miHangerfield Court, Northampton, Northamptonshire, NN3 8LL3
£1,35008/241.2 miHangerfield Court, Lings, Northampton, Northamptonshire, NN3 8LL3
£1,10007/241.22 miHarefield Road, Northampton, NN33
£1,20008/241.22 mi-3
£1,15008/241.23 miEllfield Court, Lings - NN33
£1,25007/241.23 miLowlands Close, Northampton, Northamptonshire, NN33

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

3.41 miles away

Nearest school

0.40 miles away

Nearest train station

4.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £200,000

December 10, 2024

Sold for £86,950

2002

Floor Plans

Description

  • Semi Detached Home +
  • Three Bedrooms +
  • Refitted Bathroom +
  • Garage and Parking +
  • No Chain +
  • Double Glazing +
  • Radiator Heating +
  • Energy Performance Rating: TBC +

A modern semi detached property, in need of some updating, situated in the Great Billing area of Northampton, offered with vacant possession and no upper chain. The accommodation comprises: an entrance porch, sitting room and a kitchen on the ground floor, with three bedrooms and a bathroom on the first floor. Externally there are gardens to the front and rear with a garage access via a service road behind. Benefits include uPVC double glazing, gas fired radiator heating and ease of access to local shops, schools and the A45/A43 arterial road routes.

Ground Floor -

Entrance Porch - Entered via a uPVC double glazed entrance door leading to:

Sitting Room - 4.90m x 4.39m (16'1 x 14'5) - Double glazed window to the front elevation, radiator, television point, door to the kitchen

Kitchen - 3.45m x 2.51m (11'4 x 8'3) - Fitted with a range of base and wall mounted units with work surfaces over, one and a half bowl sink drainer, plumbing for washing machine, space for a fridge/freezer, gas cooker point with an extractor over, double glazed window to the rear garden, door to inner hall.

Inner Hall - Stairs to the first floor landing, double glazed door to the side elevation, radiator.

First Floor Landing -

Landing - Doors to the first floor rooms, loft access hatch.

Bedroom One - 4.04m x 2.54m (13'3 x 8'4) - Double glazed window to the rear elevation, radiator.

Bedroom Two - 3.48m x 2.13m (11'5 x 7'0) - Double glazed window to the front elevation, radiator.

Bedroom Three - 2.34m x 2.26m (7'8 x 7'5) - Double glazed window to the front elevation, radiator.

Bathroom - Fitted with a white suite comprising a bath with a mixer shower over, low level W.C., pedestal sink, double glazed window to the rear elevation, radiator, tiling to splash back areas.

Outside -

Front Garden - Laid mainly to lawn, path to front door,

Rear Garden - Laid mainly to lawn. patio, various shrubs, door to garage. off road parking with gated access.

Agents Notes - Local Authority: West Northants
Council Tax: B
Energy Performance Rating: TBC

Agent Details

Horts Estate Agents, Northampton

01604 279788

Next Steps?

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