3 Bed Semi-Detached House, Refurb/BRRR, Northampton, NN3 8QN, £215,000

Springwood Court, Northampton, NN3 8QN - 4 views - 3 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£110K - £330K
Sold Prices/m²£1.7K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£213,798

 

 

End Value (After Refurb)

£211,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£41,155

Bridging Loan Interest

£5,644

Total Cash In

£110,099

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£211,500

Mortgage (After Refinance)

£158,625

Mortgage LTV

75%

Cash Left In

£110,099

Equity

£52,875

Rent Range

£450 - £2,995

Rent Estimate

£1,225

Running Costs/mo

£926

Cashflow/mo

£299

Cashflow/yr

£3,589

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £330K, average is £200K. £1.7K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£240K09/210.05 mi43, Chatsworth Avenue, Northampton, Northamptonshire NN3 8JD3
£220K03/240.05 mi3, Chatsworth Avenue, Northampton, West Northamptonshire NN3 8JD3
£235K04/210.05 mi4, Chatsworth Avenue, Northampton, Northamptonshire NN3 8JD3
£226K08/210.08 mi7, Retford Court, Northampton, West Northamptonshire NN3 8QW3
£220K01/210.08 mi7, Goldenash Court, Northampton, Northamptonshire NN3 8JE3
£185K05/210.09 mi46, Crestwood Gardens, Northampton, Northamptonshire NN3 8TZ3
£245K01/230.09 mi16, Crestwood Gardens, Northampton, West Northamptonshire NN3 8TZ3
£218K04/230.1 mi12, Lower Meadow Court, Northampton, West Northamptonshire NN3 8AU3
£195K04/230.12 mi34, Sidebrook Court, Northampton, West Northamptonshire NN3 8UT3
£172.5K05/210.12 mi37, Sidebrook Court, Northampton, Northamptonshire NN3 8UT3
£179K11/230.15 mi1, Arbour View Court, Northampton, West Northamptonshire NN3 8AR3
£190K11/200.23 mi79, Wade Meadow Court, Northampton, Northamptonshire NN3 8NB3
£215K08/230.23 mi35, Poppyfield Court, Northampton, West Northamptonshire NN3 8NG3
£167.5K08/210.24 mi47, Nicholls Court, Northampton, West Northamptonshire NN3 8AP3
£205K02/210.25 mi12, Watermeadow Drive, Northampton, Northamptonshire NN3 8PL3
£185K11/200.25 mi28, Watermeadow Drive, Northampton, Northamptonshire NN3 8PL3
£213K03/240.25 mi9, Watermeadow Drive, Northampton, West Northamptonshire NN3 8PL3
£210K10/210.26 mi18, Laceby Walk, Northampton, Northamptonshire NN3 8PN3
£175K04/210.26 mi47, Wade Meadow Court, Northampton, Northamptonshire NN3 8ND3
£225K11/230.32 mi6, Nethermead Court, Northampton, West Northamptonshire NN3 8NF3
£210K12/220.33 mi61, Booth Meadow Court, Northampton, West Northamptonshire NN3 8AJ3
£160K03/210.33 mi62, Booth Meadow Court, Northampton, Northamptonshire NN3 8AJ3
£153K05/210.33 mi16, Holmecross Road, Northampton, West Northamptonshire NN3 8AW3
£180K03/240.34 mi67, Farm Field Court, Northampton, West Northamptonshire NN3 8AQ3
£200K02/210.34 mi10, Pindar Rise, Northampton, Northamptonshire NN3 8YD3
£190K12/220.35 mi15, Rillwood Court, Northampton, West Northamptonshire NN3 8JA3
£210K10/230.38 mi24, Teesdale, Northampton, West Northamptonshire NN3 5DH3
£200K01/230.38 mi47, Teesdale, Northampton, West Northamptonshire NN3 5DH3
£330K02/230.38 mi29, Heather Lane, Northampton, West Northamptonshire NN3 8EY3
£235K08/210.39 mi26, Heather Lane, Northampton, Northamptonshire NN3 8EY3
£210K12/220.41 mi3, Donellan Green, Northampton, West Northamptonshire NN3 5DJ3
£174K11/210.42 mi15, Arbour Court, Northampton, West Northamptonshire NN3 8HB3
£165K03/210.42 mi12, Streambank Road, Northampton, West Northamptonshire NN3 8YG3
£180K11/200.43 mi10, Longueville Court, Northampton, Northamptonshire NN3 8HJ3
£178K02/210.45 mi1, Duckworth Dell, Northampton, Northamptonshire NN3 5DG3
£162.5K02/210.46 mi38, Swain Court, Northampton, Northamptonshire NN3 8HT3
£297K05/230.48 mi12, Clock Tower Court, Northampton, West Northamptonshire NN3 8YP3
£213K11/200.48 mi18, Clock Tower Court, Northampton, Northamptonshire NN3 8YP3
£189K12/200.48 mi63, Osmund Drive, Northampton, Northamptonshire NN3 8XB3
£110K12/220.49 mi27, Osmund Drive, Northampton, West Northamptonshire NN3 8XB3
£240K08/210.49 mi57, Wysall Road, Northampton, Northamptonshire NN3 8TP3
£300K01/230.49 mi13, South Priors Court, Northampton, West Northamptonshire NN3 8LD3
£161K03/210.51 mi3, Jasper Walk, Northampton, Northamptonshire NN3 8YN3
£220K12/220.51 mi4, Bitten Court, Northampton, West Northamptonshire NN3 8HH3
£307.5K01/230.52 mi70, Woodside Avenue, Northampton, West Northamptonshire NN3 6JW3
£220K03/230.52 mi19, Skawle Court, Northampton, West Northamptonshire NN3 8LT3
£195K10/210.52 mi7, Medellin Hill, Northampton, Northamptonshire NN3 5DF3
£181K05/210.52 mi18, Medellin Hill, Northampton, Northamptonshire NN3 5DF3
£180K01/240.53 mi87, Crestline Court, Northampton, West Northamptonshire NN3 8XZ3
£186K05/210.53 mi18, Spelhoe Street, Northampton, Northamptonshire NN3 5AX3

Local Rents

34 rents from £450/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20008/240.25 miMidfield Court, Thorplands, Northampton, NN33
£1,25008/240.3 mi-3
£1,25010/240.3 mi-3
£1,20006/240.3 miDairy Meadow Court, Thorplands - NN33
£1,27512/240.36 mi-3
£1,17507/240.38 miBooth Meadow Court, Thorplands, Northampton NN33
£1,17508/240.38 miBooth Meadow Court, Northampton, Northamptonshire, NN33
£99506/240.38 miGreat Holme Court, Thorplands, Northampton NN33
£95007/240.38 miTeesdale, Northampton, NN33
£1,25006/240.39 miLongueville Court, Lumbertubs, Northampton NN33
£1,67503/250.4 mi-3
£1,05006/240.41 miDonellan Green, Southfields, Northampton NN33
£45008/240.41 miHangerfield Court, Northampton, Northamptonshire, NN3 8LL3
£1,35008/240.41 miHangerfield Court, Northampton, Northamptonshire, NN3 8LL3
£1,35008/240.41 miHangerfield Court, Lings, Northampton, Northamptonshire, NN3 8LL3
£1,35012/240.41 mi-3
£1,35012/240.41 mi-3
£1,30004/250.42 mi-3
£1,15008/240.42 miEllfield Court, Lings - NN33
£2,99502/250.42 mi-3
£1,35011/240.45 mi-3
£1,05007/240.45 mi-3
£1,25007/240.46 miOld Quarry Court, Lumbertubs, Northampton NN3 8HN3
£1,25008/240.47 miOld Quarry Court, Northampton, Northamptonshire, NN3 8HN3
£1,25008/240.47 miOld Quarry Court, Lumbertubs, Northampton, Northamptonshire, NN3 8HN3
£1,25008/240.5 miWysall Road, Northampton, Northamptonshire, NN3 8TP3
£1,25008/240.5 miWysall Road, The Glades, Northampton, Northamptonshire, NN3 8TP3
£95006/240.51 miMedellin Hill, Southfields, Northampton, Northamptonshire, NN33
£1,05006/240.53 miNorthampton3
£1,10006/240.55 miBarnhill Square, Southfields, Northampton NN33
£1,20010/240.55 mi-3
£1,20001/250.56 mi-3
£1,20002/250.56 mi-3
£1,25008/240.57 miEsher Court, Northampton3

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

3.05 miles away

Nearest school

0.20 miles away

Nearest train station

3.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £215,000

March 12, 2025

Listed for £220,000

January 17, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Semi-Detached +
  • Lounge Diner +
  • In Need of Modernisation +
  • Close to Local Schools & Weston Favell Shopping Centre +
  • Ideal Investment or First Time Buy +
  • Great Transport Links +
  • No Chain +

SUMMARY
This three bedroom semi-detached property, offered with NO ONWARD CHAIN, presents a fantastic opportunity for first-time buyers or investors. While in need of modernising, this home has great potential to be transformed into a wonderful family space.

DESCRIPTION
The ground floor features a generous lounge diner, perfect for entertaining and comfortable family living. Upstairs, you'll find three bedrooms and a family bathroom.

Located in the popular area of Lings, you'll be within close proximity to local schools and the diverse shops and amenities of Weston Favell Shopping Centre. Excellent transport links ensure easy access to the wider area.

This property is a blank canvas awaiting your personal touch! Don't miss out, book your viewing today

Entrance Hall 
Enter via double glazed door to the front aspect. Double glazed window to the side Wall mounted radiator, Fuse board. Understairs storage cupboard.

Lounge / Diner  11' 7" x 19' 11" ( 3.53m x 6.07m )
Double glazed window to the front aspect. Two wall mounted radiators. Double glazed sliding doors to the rear. TV point.

Kitchen  9' max x 11' 3" max ( 2.74m max x 3.43m max )
Wall and base units. Worksurfaces. Sink and drainer unit. Space for white good goods. Wall mounted radiators. Double glazed window and door to the rear aspect.

Landing  
Access to loft space. Storage cupboard with water tank.

Bedroom One  11' 6" max x 10' 4" max ( 3.51m max x 3.15m max )
Double glazed window to the rear aspect. Wall mounted radiator.

Bedroom Two  8' max x 11' 2" max ( 2.44m max x 3.40m max )
Double glazed window to the front aspect. Wall mounted radiator.

Bedroom Three  8' 3" x 9' 7" ( 2.51m x 2.92m )
Double glazed window to the front aspect. Wall mounted radiator Combi boiler.

Bathroom 
Bath with shower over, wash hand basin and low level WC. Wall mounted radiator. Double glazed window to the rear aspect. Wall mounted radiator.

Outside  

Rear Garden  
Two tired. Gated side access. Laid to lawn. Patio area. Gravel and shrubs.

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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