3 Bed Terraced House, Refurb/BRRR, Northampton, NN2 6BZ, £165,000

Gordon Street, Semilong, Northampton, NN2 6BZ - 9 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£131K - £350K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£169,950
BMV3%

 

 

End Value (After Refurb)

£207,226

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£41,222

Bridging Loan Interest

£4,331

Total Cash In

£94,703

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,226

Mortgage (After Refinance)

£155,420

Mortgage LTV

75%

Cash Released

£31,670

Cash Left In

£63,033

Equity

£51,807

Rent Range

£995 - £2,100

Rent Estimate

£1,296

Running Costs/mo

£927

Cashflow/mo

£369

Cashflow/yr

£4,431

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £131K to £350K, average is £184K. £1.5K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£172K11/210.02 mi84, Gordon Street, Northampton, West Northamptonshire NN2 6BZ3
£194.8K08/230.02 mi6, Gordon Street, Northampton, West Northamptonshire NN2 6BZ3
£182.5K07/230.03 mi55, Gordon Street, Northampton, West Northamptonshire NN2 6BY3
£185K01/230.04 mi3, Norfolk Terrace, Northampton, West Northamptonshire NN2 6HS3
£151K03/210.04 mi41, Stanley Street, Northampton, Northamptonshire NN2 6DD3
£175K03/230.04 mi71, Stanley Street, Northampton, West Northamptonshire NN2 6DD3
£205K03/230.04 mi8, Salisbury Street, Northampton, West Northamptonshire NN2 6BS3
£159K01/210.04 mi70, Stanley Street, Northampton, Northamptonshire NN2 6DE3
£170K03/240.04 mi10, Stanley Street, Northampton, West Northamptonshire NN2 6DE3
£145K01/210.06 mi33, Baker Street, Northampton, Northamptonshire NN2 6DH3
£181K11/230.06 mi29, Baker Street, Northampton, West Northamptonshire NN2 6DH3
£169.9K05/240.06 mi95, Baker Street, Northampton, West Northamptonshire NN2 6DH3
£179K09/230.07 mi20, Baker Street, Northampton, West Northamptonshire NN2 6DJ3
£182K06/230.08 mi49, Lower Hester Street, Northampton, West Northamptonshire NN2 6BJ3
£176K10/230.08 mi85, Lower Hester Street, Northampton, West Northamptonshire NN2 6BJ3
£202K09/230.09 mi47, Cambridge Street, Northampton, West Northamptonshire NN2 6DN3
£175K04/230.09 mi49, Cambridge Street, Northampton, West Northamptonshire NN2 6DN3
£183K01/230.09 mi42, Northcote Street, Northampton, West Northamptonshire NN2 6BG3
£195K01/230.09 mi68, Northcote Street, Northampton, West Northamptonshire NN2 6BG3
£152K12/200.1 mi60, Cambridge Street, Northampton, Northamptonshire NN2 6DW3
£168.9K11/200.1 mi14, Cambridge Street, Northampton, Northamptonshire NN2 6DW3
£185K07/230.11 mi23, Northcote Street, Northampton, West Northamptonshire NN2 6BE3
£205K03/230.13 mi106, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB3
£233.6K02/230.14 mi18, Leslie Road, Northampton, West Northamptonshire NN2 6BD3
£238K01/230.16 mi34, Norfolk Street, Northampton, West Northamptonshire NN2 6HR3
£180K12/230.16 mi20, Norfolk Street, Northampton, West Northamptonshire NN2 6HR3
£173K04/230.18 mi8, Mill Road, Northampton, West Northamptonshire NN2 6AX3
£192K09/210.21 mi112, Semilong Road, Northampton, Northamptonshire NN2 6EX3
£217.5K10/230.23 mi4, Norfolk Terrace, Northampton, West Northamptonshire NN2 6HS3
£162.5K12/210.25 mi24, Brook Street, Northampton, Northamptonshire NN1 2PE3
£170K03/230.27 mi54, St Andrews Road, Northampton, West Northamptonshire NN1 2PB3
£350K11/210.27 mi8, Elysium Terrace, Northampton, Northamptonshire NN2 6EN3
£190K09/210.3 mi33, Currie Road, Northampton, West Northamptonshire NN2 6HG3
£206K04/240.3 mi33, Currie Road, Northampton, West Northamptonshire NN2 6HG3
£182K01/210.31 mi90, Pembroke Road, Northampton, Northamptonshire NN5 7ER3
£250K12/210.32 mi14, Lyncroft Way, Northampton, Northamptonshire NN2 6LX3
£240K01/230.32 mi26, Knightley Road, Northampton, West Northamptonshire NN2 6HQ3
£171K09/210.35 mi19, Monarch Road, Northampton, Northamptonshire NN2 6EH3
£208K06/210.36 mi37, Freehold Street, Northampton, Northamptonshire NN2 6EW3
£225K01/230.36 mi82, Freehold Street, Northampton, West Northamptonshire NN2 6EW3
£208K06/210.36 mi37, Freehold Street, Northampton, Northamptonshire NN2 6EW3
£131K12/230.36 mi64, Freehold Street, Northampton, West Northamptonshire NN2 6EW3
£135K07/230.38 mi96, Pembroke Road, Northampton, West Northamptonshire NN5 7ER3
£205K04/210.4 mi12, Thornton Road, Northampton, Northamptonshire NN2 6LS3
£275K02/230.4 mi47, Thornton Road, Northampton, West Northamptonshire NN2 6LS3
£235K08/230.4 mi5, Thornton Road, Northampton, West Northamptonshire NN2 6LS3
£245K09/230.43 mi9, Balfour Road, Northampton, West Northamptonshire NN2 6JR3
£235K01/240.43 mi12, Balfour Road, Northampton, West Northamptonshire NN2 6JR3
£213K02/230.43 mi28, Raymond Road, Northampton, West Northamptonshire NN5 7DX3
£173K06/210.44 mi104, Bailiff Street, Northampton, Northamptonshire NN1 3EA3

Local Rents

52 rents from £995/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20006/240.03 miGordon Street, Northampton, NN23
£1,00006/240.04 miSalisbury Street, Northampton, Northamptonshire, NN23
£1,50003/250.05 mi-3
£1,25008/240.06 mi-3
£1,25008/240.06 miBaker Street, Northampton, NN23
£1,40006/240.07 mi-3
£1,25001/250.07 mi-3
£99506/240.07 mi-3
£1,15003/250.08 mi-3
£1,40008/240.08 mi-3
£1,39505/240.09 mi-3
£1,29502/250.09 mi-3
£1,20011/240.1 mi-3
£1,25004/250.1 mi-3
£1,80003/250.11 mi-3
£1,45011/240.11 mi-3
£1,20006/240.12 mi-3
£1,17508/240.13 mi-3
£1,56006/240.14 miLeslie Road, Northampton3
£1,56007/240.14 miLeslie Road, Northampton3
£1,10007/240.14 miSemilong Road, Semilong, NN23
£1,40006/240.15 miSt. Andrews Road, NORTHAMPTON3
£1,15009/240.16 miNorfolk Street, NORTHAMPTON3
£1,10006/240.19 miHampton Street, NN13
£1,30008/240.22 mi-3
£1,30007/240.22 miSemilong Road, Northampton, NN23
£1,30008/240.22 miSemilong Road, Northampton, NN23
£1,20007/240.23 miSt. Andrews Road, Semilong, Northampton, NN23
£1,15008/240.24 miBrook Street, Semilong, Northampton, NN13
£1,40003/240.26 miIndigo Close, Overstone, Northampton3
£1,50012/240.26 miIndigo Close, Overstone3
£1,30003/250.33 mi-3
£1,10006/240.35 miGladstone Road, Northampton3
£1,30006/240.36 mi-3
£1,30006/240.36 miGrafton Street, Northampton, NN13
£1,25006/240.36 miNorthampton3
£2,10008/240.38 miLorne Road, Northampton, Northamptonshire, NN13
£2,10008/240.38 miLorne Road, Northampton, Northamptonshire, NN13
£1,55003/250.43 mi-3
£1,30007/240.44 miCountess Road, St James, Northampton, Northamptonshire, NN53
£1,30008/240.44 mi-3
£1,35007/240.45 mi-3
£1,35007/240.45 miCountess Road, Northampton, NN53
£1,25008/240.49 miMilitary Road, Northampton3
£1,05006/240.5 miBeaconsfield Terrace, Northampton, Northamptonshire3
£1,45001/250.51 mi-3
£1,45001/250.51 mi-3
£1,45001/250.51 mi-3
£1,10011/240.52 mi-3
£1,25003/250.52 mi-3
£1,29911/240.54 mi-3
£1,15003/250.54 mi-3

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £165,000

January 22, 2025

Floor Plans

Description

  • Ideal Investment Or First Purchase +
  • Close To Town Centre & Train Station +
  • Gas Radiator Heating +
  • Lounge/Dining Room +
  • Three Bedrooms +
  • Cellar +
  • Enclosed Garden +

OPEN DAYS - CALL FOR VIEWING TIMES. Ideal as an investment or first time purchase, this property is in need of some cosmetic attention making it ideal for those wishing to improve a house to their own tastes and requirements. The property is located within a mile of the railway station with local amenities close by. Accommodation offers a hallway, lounge open plan to dining area, re-fitted kitchen, ground floor bathroom, cellar, first floor landing and three bedrooms. Outside is a courtyard style rear garden. Call now for further details and viewing times. NO CHAIN.

ENTRANCE HALL Ornate Stained glass entrance door. Staircase rising to first floor landing. Radiator.

LOUNGE/DINING ROOM 6.55m x 3.12m (21'6 x 10'3) max Windows to front and rear elevations. Two radiators. Chimney breast and electric fire.

KITCHEN 3.39m x 2.11m (11'1 x 6'11) Double glazed window to side elevation. Wall and base units. Single drainer stainless steel sink unit. Wall mounted gas fired boiler. Door to cellar.

LOBBY Obscure double glazed door to garden. Radiator.

BATHROOM 1.60m x 1.96m (5'3 x 6'5) Obscure window to rear elevation. Radiator. Panelled bath, pedestal wash hand basin and low level WC.

FIRST FLOOR LANDING Access to loft space.

BEDROOM ONE 2.13m x 3.99m (10'3 x 13'1) Double glazed window to front elevation. Radiator. Chimney breast.

BEDROOM TWO 3.30m x 2.33m (10'10 x 7'8) Double glazed window to rear elevation. Radiator.

BEDROOM THREE 3.13m x 2.11m (10'3 x 6'11) Obscure window to rear elevation. Radiator.

OUTSIDE

REAR GARDEN Paved courtyard garden. Enclosed by wooden panelled fencing.

MATERIAL INFORMATION

Electricity Supply – Mains Connected Gas Supply – Mains Connected Electricity/Gas Supplier - Water Supply – Mains Connected Sewage Supply – Mains Connected Broadband - Mobile Coverage - Solar PV Panels – No EV Car Charge Point – No Primary Heating Type – Gas Radiators Parking – No Accessibility – Ask Agent Right of Way – No Restrictions – N/a Flood Risk - Property Construction – Ask Agent Outstanding Building Work/Approvals – Ask Agent

DRAFT DETAILS At the time of print, these particulars are awaiting approval from the Vendor(s).

AGENTS NOTES

i Viewings by appointment only through Jackson Grundy ii These particulars do not form part of any offer or contract and should not be relied upon as statements or representation of fact. They are not intended to make or give representation or warranty whatsoever in relation to the property and any intending purchaser or lessee should satisfy themselves by inspection or otherwise as to the correctness of the same iii Photographs illustrate parts of the property as were apparent at the time they were taken iv Any areas, measurements, distances or illustrations are approximate for reference only v We have not tested the appliances, services and specific fittings, an intending purchaser must satisfy himself by inspection by independent advice and/or otherwise to this property.

Agent Details

Jackson Grundy Estate Agents, Northampton

01604 279789

Next Steps?

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