4 Bed Terraced House, Refurb/BRRR, Northampton, NN1 4LQ, £300,000

Adams Avenue, Northampton, NN1 4LQ - 6 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~129 m²
+35 photos

ValuationFair Value

Sold Prices£229K - £625K
Sold Prices/m²£1.5K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£303,000

 

 

End Value (After Refurb)

£301,662

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£57,200

Bridging Loan Interest

£7,875

Total Cash In

£154,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£301,662

Mortgage (After Refinance)

£226,247

Mortgage LTV

75%

Cash Released

£1,247

Cash Left In

£153,278

Equity

£75,416

Rent Range

£550 - £3,750

Rent Estimate

£1,670

Running Costs/mo

£1,297

Cashflow/mo

£373

Cashflow/yr

£4,480

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £229K to £625K, average is £350K. £1.5K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£278.5K04/210.12 mi66, Adams Avenue, Northampton, Northamptonshire NN1 4LJ4
£317.5K01/210.13 mi88, Bostock Avenue, Northampton, Northamptonshire NN1 4LN4
£299K11/210.17 mi89, Stimpson Avenue, Northampton, Northamptonshire NN1 4LR4
£280K05/210.21 mi104, Lower Thrift Street, Northampton, Northamptonshire NN1 5HP4
£252K02/240.23 mi14, Covington Street, Northampton, West Northamptonshire NN1 5JU4
£235K10/210.23 mi13, Allen Road, Northampton, West Northamptonshire NN1 4NB4
£420K07/220.24 mi104, Adnitt Road, Northampton, West Northamptonshire NN1 4NG4
£250K08/230.3 mi155, Adnitt Road, Northampton, West Northamptonshire NN1 4NH4
£313.7K04/230.33 mi17, Lutterworth Road, Northampton, West Northamptonshire NN1 5JR4
£420K07/220.34 mi44, Berkeley Close, Northampton, West Northamptonshire NN1 5BJ4
£305K04/210.34 mi40, Lutterworth Road, Northampton, Northamptonshire NN1 5JW4
£375K08/210.37 mi127, Billing Road, Northampton, Northamptonshire NN1 5RR4
£360K12/200.37 mi133, Billing Road, Northampton, Northamptonshire NN1 5RR4
£440K03/240.37 mi157, Billing Road, Northampton, West Northamptonshire NN1 5RR4
£314K04/210.37 mi157, Billing Road, Northampton, West Northamptonshire NN1 5RR4
£385K10/210.37 mi1, The Avenue, Cliftonville, Northampton, West Northamptonshire NN1 5BT4
£315K06/230.39 mi78, Loyd Road, Northampton, West Northamptonshire NN1 5JE4
£280K05/230.39 mi134, Abington Avenue, Northampton, West Northamptonshire NN1 4PD4
£240K08/210.4 mi69b, Victoria Road, Northampton, Northamptonshire NN1 5EQ4
£275K05/230.4 mi67b, Victoria Road, Northampton, West Northamptonshire NN1 5EQ4
£415K08/230.42 mi49, The Avenue, Cliftonville, Northampton, West Northamptonshire NN1 5BT4
£265K12/230.42 mi114, Colwyn Road, Northampton, West Northamptonshire NN1 3PX4
£395K06/220.44 mi71, Colwyn Road, Northampton, West Northamptonshire NN1 3PU4
£450K09/210.45 mi173, Billing Road, Northampton, Northamptonshire NN1 5RS4
£455K06/210.45 mi187, Billing Road, Northampton, Northamptonshire NN1 5RS4
£490K12/230.45 mi111, Ardington Road, Northampton, West Northamptonshire NN1 5LS4
£385K01/240.45 mi113, Ardington Road, Northampton, West Northamptonshire NN1 5LS4
£480K02/240.45 mi77, Ardington Road, Northampton, West Northamptonshire NN1 5LS4
£365K11/230.45 mi109, Ardington Road, Northampton, West Northamptonshire NN1 5LS4
£310K01/230.48 mi83, Holly Road, Northampton, West Northamptonshire NN1 4QN4
£515K06/230.48 mi52, Christchurch Road, Northampton, West Northamptonshire NN1 5LN4
£565K11/230.48 mi26, Christchurch Road, Northampton, West Northamptonshire NN1 5LN4
£315K03/210.49 mi32, Sandringham Road, Northampton, Northamptonshire NN1 5NA4
£321K03/230.49 mi19, Sandringham Road, Northampton, West Northamptonshire NN1 5NA4
£229K06/210.51 mi26, King Edward Road, Northampton, West Northamptonshire NN1 5LU4
£495K11/220.52 mi199, Billing Road, Northampton, West Northamptonshire NN1 5RS4
£350K12/200.52 mi26, Birchfield Road, Northampton, Northamptonshire NN1 4RE4
£315K11/230.52 mi38, Thursby Road, Northampton, West Northamptonshire NN1 5NB4
£336K06/210.53 mi39, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£370K05/210.53 mi37, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£350K06/210.53 mi53, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£520K10/210.54 miCaldecott, 1a, Garrick Road, Northampton, West Northamptonshire NN1 5ND4
£315K09/210.58 mi216, Abington Avenue, Northampton, Northamptonshire NN1 4PR4
£500K03/210.59 mi200, Billing Road, Northampton, Northamptonshire NN1 5RX4
£500K03/210.59 mi200, Billing Road, Northampton, Northamptonshire NN1 5RX4
£325K02/210.6 mi97, Birchfield Road, Northampton, Northamptonshire NN1 4RG4
£625K07/220.63 mi1, Chipsey Avenue, Northampton, West Northamptonshire NN1 5SE4
£459.6K11/230.63 mi15, Chipsey Avenue, Northampton, West Northamptonshire NN1 5SE4
£590K11/200.63 mi3, Chipsey Avenue, Northampton, Northamptonshire NN1 5SE4
£321K03/230.65 mi130, Birchfield Road, Northampton, West Northamptonshire NN1 4RH4

Local Rents

52 rents from £550/mo to £3.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.03 mi-3
£55006/240.05 miWhitworth Road, Abington, Northampton, NN14
£1,20006/240.05 miWhitworth Road, Northampton, West Northamptonshire, NN13
£1,30006/240.05 miWhitworth Road, Abington, NN13
£3,75008/240.06 mi-5
£3,75008/240.06 mi-5
£3,75001/250.06 mi-5
£3,75009/240.06 mi-5
£3,75001/250.06 mi-5
£1,40003/250.07 mi-3
£2,55002/240.08 mi-3
£92503/250.09 mi-3
£1,62508/240.09 miStimpson Avenue, Abington, Northampton, Northamptonshire, NN14
£1,62508/240.09 miStimpson Avenue, Abington, Northampton, Northamptonshire, NN14
£1,30006/240.09 mi-3
£1,05006/240.1 miWhitworth Road, Abington, Northampton NN13
£1,35006/240.11 miEast Street, Northampton, NN14
£1,30010/240.12 mi-3
£1,30010/240.12 mi-3
£1,20002/250.12 mi-3
£1,10009/240.12 miElizabeth Walk, Northampton, NN13
£59806/240.13 miBostock Avenue, Northampton5
£1,60003/250.13 mi-4
£1,25006/240.14 miWilby Street, Northampton, NN13
£1,65007/240.14 miBostock Avenue, Northampton, NN14
£1,65008/240.14 mi-4
£1,70007/240.15 mi-4
£1,60007/240.15 miBostock Avenue, Northampton, NN14
£1,30008/240.15 miMonks Park Road, NORTHAMPTON3
£1,25007/240.16 miVernon Walk, Abington, Northampton NN13
£1,40006/240.16 miSouth Street, Abington , Northampton4
£2,50008/240.19 miTalbot Road, NORTHAMPTON5
£1,10008/240.19 miTalbot Road, NORTHAMPTON3
£1,25001/250.21 mi-3
£2,16706/240.21 miPerry Street, Northampton4
£1,50007/240.21 miLower Thrift Street, Abington, Northampton, NN1 5HP4
£1,25006/240.21 miUpper Thrift Street, Off Billing Road - NN13
£1,30008/240.21 miPerry Street Abington Northampton3
£2,95004/250.22 mi-4
£1,02512/240.22 mi-3
£58506/240.23 miAllen Road, Northampton5
£1,50003/250.24 mi-3
£1,35010/240.24 mi-3
£1,35010/240.24 mi-3
£1,35008/240.24 miTurner Street, Abington3
£1,15006/240.25 miTurner Street, NORTHAMPTON3
£3,40006/240.25 mi-3
£3,40004/250.25 mi-3
£1,15006/240.25 miTurner Street, Abington, Northampton, NN13
£1,30004/250.26 mi-3
£1,30004/250.26 mi-3
£56406/240.26 miAllen Road, Northampton4

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £300,000

December 10, 2024

Floor Plans

Description

  • 4 Double Bedrooms +
  • Spacious Property +
  • Popular Location +
  • Conservatory +
  • Extended Property +
  • No Chain +
  • Basement +
  • Character Features +
  • Victorian Charm +

A Spacious and Charming Late Victorian Townhouse in the Heart of Abington

This elegant and generously proportioned late Victorian townhouse is nestled in the highly desirable Abington district, celebrated for its vibrant community and excellent array of shops, cafes, and local amenities. Offering a perfect blend of period charm and potential for modern refinement, this home is ideal for those seeking character and versatility.

Set over three floors with the added advantage of a basement, this residence provides ample living space and storage options. The ground floor features a spacious lounge and dining area, a well-proportioned kitchen/breakfast room, a convenient utility room, and a cloakroom. Additionally, a long conservatory to the side elevation provides a bright and inviting space, perfect for relaxation or entertaining.

The first floor accommodates three generously sized bedrooms, a family bathroom, and a separate cloakroom, offering comfort and practicality for a growing household. On the second floor, you’ll find a fourth bedroom and an additional storage room, which could be adapted to suit a variety of needs, such as a home office or hobby room.

The basement, currently used for storage, offers further potential for conversion, subject to planning and renovation.

The property has been thoughtfully updated over the years with the installation of UPVC double glazing and gas radiator central heating, ensuring warmth and efficiency. However, it presents an exciting opportunity for the new owners to add their own personal touches and enhance its aesthetic appeal with some cosmetic improvements.

Outside, the property benefits from a charming rear garden, providing a peaceful retreat in this bustling and sought-after location.

Whether you are a family seeking space or a professional looking for a property with character and potential, this delightful home in Abington is sure to captivate. Early viewing is highly recommended to fully appreciate the scale and possibilities this property has to offer.

Agent Details

Chelton Brown, Northampton

01604 279634

Next Steps?

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