3 Bed Terraced House, Refurb/BRRR, Northampton, NN3 2NA, £220,000

Wheatfield Road North, Abington, Northampton, Northamptonshire, NN3 2NA - 25 views - 4 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£155K - £380K
Sold Prices/m²£1.9K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£226,600
BMV3%

 

 

End Value (After Refurb)

£259,273

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£41,155

Bridging Loan Interest

£5,775

Total Cash In

£111,480

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£259,273

Mortgage (After Refinance)

£194,455

Mortgage LTV

75%

Cash Released

£29,455

Cash Left In

£82,026

Equity

£64,818

Rent Range

£995 - £1,850

Rent Estimate

£1,299

Running Costs/mo

£1,090

Cashflow/mo

£209

Cashflow/yr

£2,508

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £155K to £380K, average is £255K. £1.9K/m² to £4.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£242K08/230.07 mi97, Wheatfield Road, Northampton, West Northamptonshire NN3 2ND3
£217K04/210.08 mi165, Broadway East, Northampton, West Northamptonshire NN3 2PR3
£205K05/210.08 mi10, Addison Road, Northampton, Northamptonshire NN3 2LL3
£155K09/210.1 mi83, Beech Avenue, Northampton, West Northamptonshire NN3 2JQ3
£222.5K02/230.1 mi116, Beech Avenue, Northampton, West Northamptonshire NN3 2JQ3
£285K08/230.1 mi138, Beech Avenue, Northampton, West Northamptonshire NN3 2JQ3
£273.5K12/220.12 mi102, Beech Avenue, Northampton, West Northamptonshire NN3 2JQ3
£295K01/230.14 mi23, Wheatfield Gardens, Northampton, West Northamptonshire NN3 2NF3
£250K03/210.14 mi23, Wheatfield Gardens, Northampton, Northamptonshire NN3 2NF3
£205K11/200.16 mi8, Ashcroft Gardens, Northampton, Northamptonshire NN3 2JR3
£243K05/230.16 mi15, Ashcroft Gardens, Northampton, West Northamptonshire NN3 2JR3
£300K01/240.16 mi11, Hawthorn Road, Northampton, West Northamptonshire NN3 2JH3
£270K11/210.16 mi5, Chestnut Road, Northampton, Northamptonshire NN3 2JL3
£205K03/230.16 mi9, Chestnut Road, Northampton, West Northamptonshire NN3 2JL3
£295K01/230.16 mi70, Beech Avenue, Northampton, West Northamptonshire NN3 2JG3
£215K03/210.16 mi20, Lindsay Avenue, Northampton, West Northamptonshire NN3 2SJ3
£240K08/230.16 mi13, Lindsay Avenue, Northampton, West Northamptonshire NN3 2SJ3
£297K11/230.17 mi94, Beech Avenue, Northampton, West Northamptonshire NN3 2JG3
£250K09/230.17 mi2, Danewood Gardens, Northampton, West Northamptonshire NN3 2LU3
£230K02/240.18 mi74, Broadmead Avenue, Northampton, West Northamptonshire NN3 2QY3
£305K08/230.19 mi110, Broadway East, Northampton, West Northamptonshire NN3 2PP3
£180K03/210.2 mi13, Linden Road, Northampton, Northamptonshire NN3 2JJ3
£255K02/240.2 mi3, Linden Road, Northampton, West Northamptonshire NN3 2JJ3
£250K06/230.2 mi14, Linden Road, Northampton, West Northamptonshire NN3 2JJ3
£259.8K09/210.2 mi1, Fullingdale Road, Northampton, Northamptonshire NN3 2PZ3
£255K08/210.21 mi9, Broadmead Avenue, Northampton, Northamptonshire NN3 2QX3
£230K11/200.22 mi51, Beech Avenue, Northampton, Northamptonshire NN3 2JG3
£380K05/230.22 mi114, Park Avenue North, Northampton, West Northamptonshire NN3 2JB3
£280K03/230.24 mi12, Fullingdale Road, Northampton, West Northamptonshire NN3 2QA3
£315K04/210.24 mi99, Park Avenue North, Northampton, West Northamptonshire NN3 2HX3
£330K06/230.24 mi2, Elmhurst Avenue, Northampton, West Northamptonshire NN3 2LD3
£250K02/210.24 mi23, Elmhurst Avenue, Northampton, Northamptonshire NN3 2LD3
£275K03/210.24 mi156, Cedar Road East, Northampton, Northamptonshire NN3 2JF3
£250K12/200.24 mi126, Cedar Road East, Northampton, Northamptonshire NN3 2JF3
£220K12/200.24 mi176, Cedar Road East, Northampton, Northamptonshire NN3 2JF3
£272K02/210.24 mi110, Cedar Road East, Northampton, Northamptonshire NN3 2JF3
£350K12/220.25 mi11, Broadmead Avenue, Northampton, West Northamptonshire NN3 2QX3
£200K12/220.26 mi11, Wheatfield Road South, Northampton, West Northamptonshire NN3 2HH3
£260K02/210.29 mi4, Sandiland Road, Northampton, Northamptonshire NN3 2QD3
£299K12/220.29 mi66, Sandiland Road, Northampton, West Northamptonshire NN3 2QD3
£170K02/230.29 mi12, Rosgill Place, Northampton, West Northamptonshire NN3 2RQ3
£285K07/230.29 mi43, Pinewood Road, Northampton, West Northamptonshire NN3 2RD3
£220K03/210.29 mi55, Pinewood Road, Northampton, Northamptonshire NN3 2RD3
£315K08/230.29 mi23, Pinewood Road, Northampton, West Northamptonshire NN3 2RD3
£270K06/210.29 mi20, Pinewood Road, Northampton, Northamptonshire NN3 2RB3
£254K02/210.3 mi3, Greenfield Road, Northampton, Northamptonshire NN3 2LJ3
£315K09/230.3 mi151, The Drive, Northampton, West Northamptonshire NN1 4SW3
£275K10/230.3 mi103, The Drive, Northampton, West Northamptonshire NN1 4SW3
£220K02/240.3 mi30, Greenfield Road, Northampton, West Northamptonshire NN3 2LH3
£290K10/230.31 mi214, Beech Avenue, Northampton, West Northamptonshire NN3 2LE3

Local Rents

43 rents from £995/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.11 miBeech Avenue, , Northampton NN3 2JN3
£1,40003/250.14 mi-3
£1,09507/240.16 miLindsay Avenue, Northampton3
£1,32506/240.19 miBroadway East, Abington, Northampton, NN33
£1,20003/250.2 mi-3
£1,10009/240.23 mi-3
£1,15008/240.23 miBroadmead Avenue, Northampton, NN33
£1,25006/240.25 miCedar Road East, Abington, Northampton NN3 2JF3
£1,20004/250.25 mi-3
£1,29508/240.26 mi-3
£1,29506/240.26 miThe Drive, Northampton, NN13
£1,25009/240.3 miThe Drive, Northampton, Northamptonshire, NN13
£1,30006/240.3 miLindsay Avenue, Abington, Northampton, NN33
£1,35006/240.31 miMayfield Road, Northampton, NN33
£1,35006/240.31 miMayfield Road, Northampton, NN33
£1,30006/240.31 miBeech Avenue, NORTHAMPTON3
£1,60006/240.32 miBeech Avenue, Abington - NN33
£1,62508/240.32 miBeech Avenue, Abington - NN33
£1,15008/240.32 miThe Drive, Northampton3
£1,15006/240.34 miBirchfield Road East, Northampton3
£1,50001/250.34 mi-3
£1,17508/240.35 miBrookland Road, Kingsley, Northampton, NN13
£1,30006/240.38 miPinewood Road, Northampton NN3 2RD3
£1,50006/240.39 mi-3
£1,30006/240.4 miThe Headlands Northampton3
£1,85011/240.42 mi-3
£1,30006/240.43 miHillcrest Avenue, Spinney Hill, Northampton NN3 2AB3
£1,50003/250.45 mi-3
£1,39505/240.48 mi-3
£1,30007/240.5 miAshburnham Road, Northampton NN1 4RA3
£1,27510/240.51 mi-3
£1,35008/240.53 miCollingwood Road, Phippsville, NN13
£1,25010/240.53 mi-3
£1,60006/240.53 miAbington Park Crescent, Abington3
£99506/240.54 miPhippsville Court, Northampton NN2 7JW3
£1,10008/240.55 mi56, Moore Street, Kingsley, Northampton NN2 7HX3
£1,20007/240.58 miClarke Road, Abington - NN13
£1,40006/240.59 mi-3
£1,40008/240.59 mi-3
£1,20006/240.6 miByron Street, Poets Corner, Northampton, NN23
£1,25008/240.6 miByron Street, Northampton, Northamptonshire, NN23
£1,35003/250.6 mi-3
£1,20008/240.61 miRydal Mount, Northampton, NN33

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

1.45 miles away

Nearest school

0.20 miles away

Nearest train station

2.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £220,000

December 19, 2024

Floor Plans

Description

  • In Need Of Modernisation +
  • No Onward Chain +
  • Three Bedrooms +
  • Large Rear Garden +
  • Front Garden +
  • Downstairs Wet Room +

This three-bedroom mid-terrace property offers excellent potential for modernisation and is offered chain-free, making it an ideal opportunity for those looking to put their own stamp on a home. On the ground floor, you'll find a practical downstairs shower room, ideal for convenience and functionality. The living areas are spacious and offer flexibility for reconfiguration, depending on your preferences. The property does require updating throughout, offering the perfect canvas for a buyer with vision.

Upstairs, the principal bedroom is a generous size and benefits from built-in wardrobes, providing ample storage space. Bedroom two also features fitted wardrobes, adding to the property's practical appeal. Bedroom three, while slightly smaller, offers a comfortable space for use as a child’s room, office, or guest bedroom.

The property is in need of modernisation, giving the new owner the chance to enhance the space with contemporary finishes and design. Its chain-free status ensures a straightforward purchase process, making it a fantastic opportunity for first-time buyers, investors, or those seeking a project to make their own.

Wheatfield Road epitomises convenience, with an array of amenities, reputable schools, and the picturesque Abington Park within walking distance. The bustling Wellingborough Road, adorned with designer shops, eateries, and supermarkets, adds to the allure of the area. Northampton town centre and the train station are conveniently located within a short distance, offering easy access to major destinations such as London and Birmingham via rail links. Moreover, the proximity of the A45 ensures seamless connectivity to the M1, catering to commuters and travellers alike. With esteemed educational institutions like Northampton School for Boys, Cedar Road Primary School, and Kingsley Primary School in close proximity, Wheatfield Road emerges as an ideal setting for families seeking a harmonious blend of lifestyle and learning opportunities.

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 most cases.

QKI240175/2

Agent Details

YOUR MOVE Nolan Throw, Abington

01604 279792

Next Steps?

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