3 Bed Semi-Detached House, Refurb/BRRR, Northampton, NN3 6BE, £370,000

Mountfield Road, Northampton, NN3 6BE - 3 months ago

Sold STC
Refurb/BRRR
~115 m²
+9 photos

ValuationOvervalued

Sold Prices£175K - £400K
Sold Prices/m²£2.1K/m² - £4.2K/m²

 

 

Square Metres

~114.60 m²
Price/m²£3.2K/m²

Value Estimate

£313,282

 

 

End Value (After Refurb)

£370,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£50,714

Bridging Loan Interest

£9,713

Total Cash In

£182,876

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£370,000

Mortgage (After Refinance)

£277,500

Mortgage LTV

75%

Cash Left In

£182,876

Equity

£92,500

Rent Range

£975 - £3,400

Rent Estimate

£1,430

Running Costs/mo

£1,462

Cashflow/mo

£-32

Cashflow/yr

£-387

Gross Yield

5%

Local Sold Prices

50 sold prices from £175K to £400K, average is £247.5K. £2.1K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£297.5K12/210.04 mi6, Ennerdale Road, Northampton, Northamptonshire NN3 6BD3
£240K02/210.04 mi36, Ennerdale Road, Northampton, Northamptonshire NN3 6BD3
£275K10/210.1 mi21, Highlands Avenue, Northampton, Northamptonshire NN3 6BG3
£385K03/210.18 mi16, Hillcrest Avenue, Northampton, Northamptonshire NN3 2AB3
£380K06/230.18 mi18, Hillcrest Avenue, Northampton, West Northamptonshire NN3 2AB3
£400K08/230.19 mi29, Greenfield Avenue, Northampton, West Northamptonshire NN3 2AA3
£280K09/210.2 mi66, Reedway, Northampton, Northamptonshire NN3 6BT3
£215K08/230.2 mi23, Reedway, Northampton, West Northamptonshire NN3 6BT3
£235K12/200.25 mi70, Laburnum Crescent, Northampton, Northamptonshire NN3 2LF3
£175K06/210.25 mi396, Kettering Road, Northampton, West Northamptonshire NN3 6QH3
£220K02/240.26 mi30, Greenfield Road, Northampton, West Northamptonshire NN3 2LH3
£225K04/210.26 mi4, Mayfield Road, Northampton, Northamptonshire NN3 2RE3
£340K01/240.27 mi465, Kettering Road, Northampton, West Northamptonshire NN3 6QU3
£254K02/210.27 mi3, Greenfield Road, Northampton, Northamptonshire NN3 2LJ3
£270K06/210.29 mi20, Pinewood Road, Northampton, Northamptonshire NN3 2RB3
£290K10/230.3 mi214, Beech Avenue, Northampton, West Northamptonshire NN3 2LE3
£218K11/200.3 mi125, Spinney Hill Road, Northampton, Northamptonshire NN3 6DQ3
£285K07/230.31 mi43, Pinewood Road, Northampton, West Northamptonshire NN3 2RD3
£220K03/210.31 mi55, Pinewood Road, Northampton, Northamptonshire NN3 2RD3
£315K08/230.31 mi23, Pinewood Road, Northampton, West Northamptonshire NN3 2RD3
£318K06/210.31 mi3, Spinney Hill Crescent, Northampton, Northamptonshire NN3 6DL3
£222K04/210.31 mi168, Spinney Hill Road, Northampton, Northamptonshire NN3 6DN3
£267.5K01/240.31 mi194, Spinney Hill Road, Northampton, West Northamptonshire NN3 6DP3
£307K09/230.32 mi19, Mayfield Road, Northampton, West Northamptonshire NN3 2RE3
£230K10/200.32 mi43, Bankside, Northampton, Northamptonshire NN2 7NG3
£330K06/230.34 mi2, Elmhurst Avenue, Northampton, West Northamptonshire NN3 2LD3
£250K02/210.34 mi23, Elmhurst Avenue, Northampton, Northamptonshire NN3 2LD3
£285K11/210.34 mi4, Thruxton Drive, Northampton, Northamptonshire NN3 6ES3
£230K01/210.35 mi31, St Albans Road, Northampton, Northamptonshire NN3 2RH3
£214.5K03/210.35 mi13, St Albans Road, Northampton, West Northamptonshire NN3 2RH3
£278K01/210.36 mi38, Spinney Hill Road, Northampton, Northamptonshire NN3 6DJ3
£215K11/200.36 mi14, Thruxton Drive, Northampton, Northamptonshire NN3 6ES3
£218K03/210.37 mi42, Hoylake Drive, Northampton, Northamptonshire NN2 7NL3
£255K08/210.37 mi9, Broadmead Avenue, Northampton, Northamptonshire NN3 2QX3
£231K01/230.37 mi1, Drydale Avenue, Northampton, West Northamptonshire NN3 2RL3
£295K08/230.38 mi74, Hoylake Drive, Northampton, West Northamptonshire NN2 7NL3
£203K10/200.38 mi33, Hollingside Drive, Northampton, Northamptonshire NN2 7NN3
£350K12/220.39 mi11, Broadmead Avenue, Northampton, West Northamptonshire NN3 2QX3
£230K02/240.39 mi74, Broadmead Avenue, Northampton, West Northamptonshire NN3 2QY3
£275K04/210.39 mi33, Aintree Road, Northampton, Northamptonshire NN3 6EA3
£290K09/210.4 mi56, Woodcote Avenue, Northampton, Northamptonshire NN3 6ER3
£245K01/210.4 mi65, Woodcote Avenue, Northampton, Northamptonshire NN3 6ER3
£225K07/230.4 mi3, Parklands Crescent, Northampton, West Northamptonshire NN3 6DT3
£230K01/240.4 mi154, Coppice Drive, Northampton, West Northamptonshire NN3 6NG3
£220K10/200.4 mi33, Hoylake Drive, Northampton, Northamptonshire NN2 7NJ3
£190K01/210.41 mi26, Kenmuir Avenue, Northampton, Northamptonshire NN2 7DX3
£205K11/200.42 mi8, Ashcroft Gardens, Northampton, Northamptonshire NN3 2JR3
£243K05/230.42 mi15, Ashcroft Gardens, Northampton, West Northamptonshire NN3 2JR3
£280K12/230.43 mi31, Woodcote Avenue, Northampton, West Northamptonshire NN3 6DU3
£220K02/210.43 mi18, Woodcote Avenue, Northampton, Northamptonshire NN3 6DU3

Local Rents

24 rents from £975/mo to £3.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.18 miHillcrest Avenue, Spinney Hill, Northampton NN3 2AB3
£1,30006/240.23 miPinewood Road, Northampton NN3 2RD3
£1,35006/240.32 miMayfield Road, Northampton, NN33
£1,35006/240.32 miMayfield Road, Northampton, NN33
£1,29506/240.36 miWoodcote Avenue, Parklands, Northampton, NN33
£1,50006/240.36 miManderville Close, Northampton, Northamptonshire, NN33
£1,10009/240.39 mi-3
£1,15008/240.39 miBroadmead Avenue, Northampton, NN33
£1,20006/240.5 miHazeldene Road, Northampton, NN23
£1,20006/240.5 mi-3
£1,29508/240.5 mi-3
£1,29506/240.5 miThe Drive, Northampton, NN13
£3,40008/240.53 mi-3
£3,40001/250.53 mi-3
£1,30006/240.54 miBeech Avenue, , Northampton NN3 2JN3
£1,20004/250.54 mi-3
£1,25009/240.56 miThe Drive, Northampton, Northamptonshire, NN13
£1,20003/250.57 mi-3
£1,25006/240.58 miAppleby Walk, NORTHAMPTON3
£1,25008/240.58 miAppleby Walk, Northampton, NN33
£1,25010/240.59 mi-3
£97507/240.59 miBrackenhill Close, Northampton, NN23
£1,40003/250.61 mi-3
£1,15008/240.62 miThe Drive, Northampton3

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

1.75 miles away

Nearest school

0.30 miles away

Nearest train station

2.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £370,000

January 20, 2025

Floor Plans

Description

  • Three Bedroom Semi Detached +
  • NO UPPER CHAIN +
  • Double Bay Fronted & Extended +
  • Off Road Parking & Garage +
  • Spinney Hill Location +
  • Stunning Refitted Kitchen +

Oscar James present to the market this three bedroom extended home situated in the popular spinney hill area. Offered to the market with NO UPPER CHAIN and positioned close to local amenities alongside great road links. The current owners have carried out modernisations ready for the new owner to enjoy.

Upon entering the hall way give access into all ground floor accommodation including the lounge which boasts a bay window and a feature log burner with stone surround. The ground floor continues through to the spacious kitchen/diner which has been refitted to a high standard. Featuring a stunning island, integrated appliances, breakfast seating and is complete with a stylish finish throughout. Continuing through the downstairs you have an additional reception room which could be used for a multitude of options, cloakroom and storage cupboard.

To the first floor you will find three bedrooms and the family bathroom comprising a three piece suite. Bedroom three has fitted storage and the landing has an airing cupboard.

Externally this home has a generous mature rear garden, mainly laid to lawn with a patio perfect for entertaining and al fresco dining! To the front there is a driveway providing off road parking and a garage.

Agent Details

Oscar James, Northampton

01604 279905

Next Steps?

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