3 Bed Terraced House, Refurb/BRRR, Northampton, NN5 5FL, £200,000

Park Corner, Northampton, NN5 5FL - 1 views - 3 months ago

Refurb/BRRR
ROI: 7%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£158K - £328K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£225,689

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£40,800

Bridging Loan Interest

£5,250

Total Cash In

£110,500

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,689

Mortgage (After Refinance)

£169,267

Mortgage LTV

75%

Cash Released

£19,267

Cash Left In

£91,233

Equity

£56,422

Rent Range

£1,100 - £5,200

Rent Estimate

£1,683

Running Costs/mo

£1,062

Cashflow/mo

£621

Cashflow/yr

£7,453

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £158K to £328K, average is £223.8K. £1.6K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£237K10/230 mi57, Park Corner, St James, Northampton, West Northamptonshire NN5 5FL3
£230K10/200.04 mi32, Tower Square, Northampton, Northamptonshire NN5 5FH3
£252K02/230.08 mi27, Far End, Northampton, West Northamptonshire NN5 5FN3
£201K07/210.09 mi44, Near Side, Northampton, Northamptonshire NN5 5FJ3
£250K08/230.12 mi5, Standside, Northampton, West Northamptonshire NN5 5FG3
£215K12/200.14 mi61, The Approach, Northampton, Northamptonshire NN5 5FF3
£205K05/210.18 mi9, Abbots Way, Northampton, West Northamptonshire NN5 5DB3
£245K03/230.22 mi20, Peverels Way, Northampton, West Northamptonshire NN5 5DD3
£277K08/230.24 mi131, Weedon Road, Northampton, West Northamptonshire NN5 5BS3
£215K07/210.25 mi190, Weedon Road, Northampton, West Northamptonshire NN5 5DA3
£265K02/230.26 mi42, Bowden Road, Northampton, West Northamptonshire NN5 5LT3
£220K11/220.27 mi20, Bowden Road, Northampton, West Northamptonshire NN5 5LT3
£275K04/230.29 mi199, Weedon Road, Northampton, West Northamptonshire NN5 5DE3
£220K04/230.29 mi212, Weedon Road, Northampton, West Northamptonshire NN5 5DE3
£230K09/210.29 mi17, Glasgow Street, Northampton, Northamptonshire NN5 5BN3
£222.5K09/210.29 mi3, Rosebery Avenue, Northampton, Northamptonshire NN5 5BU3
£207.5K09/230.29 mi28, Rosebery Avenue, Northampton, West Northamptonshire NN5 5BU3
£214K06/230.29 mi25, Dundee Street, Northampton, West Northamptonshire NN5 5BP3
£212K10/210.29 mi21, Dundee Street, Northampton, West Northamptonshire NN5 5BP3
£220K01/230.29 mi14, Bowden Road, Northampton, West Northamptonshire NN5 5LT3
£203K12/230.3 mi53, Sharman Road, Northampton, West Northamptonshire NN5 5JZ3
£220K01/230.3 mi40, Sharman Road, Northampton, West Northamptonshire NN5 5JZ3
£225K01/230.3 mi42, Glasgow Street, Northampton, West Northamptonshire NN5 5BL3
£210K05/230.3 mi72, Glasgow Street, Northampton, West Northamptonshire NN5 5BL3
£240K02/230.3 mi16, Glasgow Street, Northampton, West Northamptonshire NN5 5BL3
£303K04/240.32 mi226, Weedon Road, Northampton, West Northamptonshire NN5 5DE3
£200K03/210.34 mi15, Aberdeen Terrace, Northampton, Northamptonshire NN5 7AD3
£270K01/230.35 mi150, Malcolm Drive, Northampton, West Northamptonshire NN5 5NH3
£220K08/210.35 mi21, Fife Street, Northampton, West Northamptonshire NN5 5BH3
£300K12/220.36 mi11, Forfar Street, Northampton, West Northamptonshire NN5 5BJ3
£262K01/210.37 mi14, Windsor Crescent, Northampton, Northamptonshire NN5 5AW3
£210K11/220.37 mi11, Orchard Street, Northampton, West Northamptonshire NN5 5EP3
£270K02/230.38 mi4, Old Scholars Close, Northampton, West Northamptonshire NN5 5AZ3
£250K12/220.38 mi45, Harlestone Road, Northampton, West Northamptonshire NN5 7AB3
£165K04/230.38 mi19, Lincoln Road, Northampton, West Northamptonshire NN5 5JS3
£235K01/210.39 mi4, Holyrood Road, Northampton, Northamptonshire NN5 7AH3
£302K04/230.39 mi4, Holyrood Road, Northampton, West Northamptonshire NN5 7AH3
£280K08/210.41 mi37, Windsor Crescent, Northampton, Northamptonshire NN5 5AP3
£235K12/220.41 mi11, Windsor Crescent, Northampton, West Northamptonshire NN5 5AP3
£210K06/230.43 mi64, Spencer Bridge Road, Northampton, West Northamptonshire NN5 5EZ3
£215K02/230.44 mi14, Newcombe Road, Northampton, West Northamptonshire NN5 7AZ3
£220K02/240.44 mi16, Newcombe Road, Northampton, West Northamptonshire NN5 7AZ3
£245K05/210.44 mi23, Trevor Crescent, Northampton, Northamptonshire NN5 5PG3
£328K08/230.46 mi9, Duston Road, Northampton, West Northamptonshire NN5 5AR3
£205K04/210.48 mi58, Malcolm Drive, Northampton, Northamptonshire NN5 5NL3
£260K03/230.5 mi1, Baring Road, Northampton, West Northamptonshire NN5 7BA3
£171K05/210.5 mi71, Ambush Street, Northampton, Northamptonshire NN5 5DU3
£158K12/200.5 mi6, Muscott Street, Northampton, Northamptonshire NN5 5EY3
£175K05/210.51 mi20, Muscott Street, Northampton, West Northamptonshire NN5 5EY3
£247.5K02/210.52 mi38, Lyncrest Avenue, Northampton, Northamptonshire NN5 5PE3

Local Rents

49 rents from £1.1K/mo to £5.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.08 miFar End, NORTHAMPTON3
£1,30006/240.08 miFar End, NORTHAMPTON3
£1,42011/240.11 mi-3
£3,00007/240.18 mi-3
£1,30006/240.26 miNorthampton3
£1,20007/240.27 miBowden Road, St James, Northampton3
£1,25006/240.29 miRosebery Avenue, St. James, Northampton, NN53
£1,40007/240.29 miRosebery Avenue, NORTHAMPTON3
£1,35006/240.3 mi-3
£1,20006/240.3 miBruce Street, St James3
£1,15007/240.3 miBruce Street, St James3
£1,18006/240.31 miSpencer Street, Northampton3
£1,19506/240.34 miForfar Street, St James, Northampton NN53
£1,19506/240.35 miBruce Street, Northampton3
£1,15012/240.36 mi-3
£1,50009/240.37 mi-3
£1,40009/240.39 miAbbey Mews, St James, NN53
£1,30006/240.4 miSymington Street, NORTHAMPTON3
£1,27503/250.41 mi-3
£1,25008/240.42 miAlthorp Road, NORTHAMPTON3
£1,99507/240.42 mi-3
£1,15007/240.43 miSeymour Street, Northampton3
£1,15011/240.44 mi-3
£1,15003/250.44 mi-3
£1,50006/240.44 mi-3
£1,50009/240.44 mi-3
£1,25003/250.44 mi-3
£1,29508/240.45 miNewcombe Road, Northampton3
£1,20007/240.46 miGreenwood Road, NN53
£1,57002/250.46 mi-3
£5,20006/240.47 miSt James Park Road, Northampton, NN13
£3,40007/240.47 mi-3
£3,20007/240.47 mi-3
£3,35009/240.47 mi-3
£3,40006/240.47 miNewcombe Road, Northampton, NN53
£3,20007/240.47 miNewcombe Road, Northampton, NN53
£3,35008/240.47 miNewcombe Road Flexible Renting & Short Lets, Northampton, NN53
£1,25007/240.47 miStanley Road, Northampton, NN53
£2,30006/240.47 mi-3
£1,40003/250.47 mi-3
£1,50006/240.48 miMarlborough Road, Northampton, NN53
£1,50007/240.48 mi-3
£1,20008/240.48 miStanley Road, St. James, Northampton NN53
£1,10007/240.48 miSt James Park Road, Northampton, NN5 5EU3
£1,25008/240.48 miSt James Northampton3
£1,25006/240.49 miSteene Street, NORTHAMPTON3
£1,22506/240.49 miSteene Street, NORTHAMPTON3
£1,29911/240.51 mi-3
£1,15003/250.51 mi-3

Local Area Statistics

Population in NN5

38,028

Population in Northampton

281,924

Town centre distance

1.36 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-11%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £200,000

January 9, 2025

Floor Plans

Description

  • NO UPPER CHAIN! +
  • SOLD AS SEEN! +
  • THREE BEDROOM FAMILY HOME! +
  • GREAT INVESTMENT PURCHASE! +
  • CLOSE TO TRAIN STATION AND HOSPITAL! +
  • LOCAL AMMENITIES NEARBY! +
  • DOWNSTAIRS CLOAKROOM! +
  • CALL CONNELLS TODAY! +

SUMMARY
PUBLIC NOTICE - 5 Park Corner We advise that an offer has been made for the above property in the sum of £200,200 Any persons wishing to increase on this offer should notify Connells of their best offer prior to exchange of contracts. Connells, 6 Wood Hill, Northampton NN1 2DA

DESCRIPTION
*NO UPPER CHAIN* A well-presented home situated just a stone's throw from Northampton train station and close to the hospital, this family-orientated home would make a great first purchase or investment. Although in need of modernisation, this property offers the opportunity to create a home to your taste and requirements. The accommodation briefly comprises entrance hallway, kitchen, lounge/ diner, downstairs cloakroom, three bedrooms and the family bathroom. Externally, the property benefits from an allocated parking space as well as the enclosed rear garden.
EPC Rating - C

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Entrance Hall  
Enter via double glazed door to the front aspect. Wall mounted radiator.

Cloakroom  
Double glazed window to the front aspect. Wash hand basin and low level WC. Wall mounted radiator.

Lounge / Diner  12' 9" max x 17' 9" max ( 3.89m max x 5.41m max )
Double glazed window and french doors to the rear garden. Storage cupboard. Wall mounted radiator.

Kitchen  10' 2" x 9' 5" ( 3.10m x 2.87m )
Wall and base units. Gas hob with oven and hood over. Sink and drainer unit. Space for white goods. Double glazed window to the front aspect.

Landing  
Access to loft space. Wall mounted radiator. Storage cupboard with combi boiler.

Bedroom One  10' 4" x 11' 9" max ( 3.15m x 3.58m max )
Double glazed window to the front aspect. Wall mounted radiator. Built in wardrobes.

Bedroom Two  120' 7" max x 10' 4" max ( 36.75m max x 3.15m max )
Double glazed window to the rear aspect. Wall mounted radiator. Built in wardrobes.

Bedroom Three 6' 8" x 8' 8" ( 2.03m x 2.64m )
Double glazed window to the rear aspect. Wall mounted radiator.

Bathroom  
Bath with shower over, wash hand basin and low level WC. Towel rail. Double glazed window to the front aspect.

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, Northampton

01604 279909

Next Steps?

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