3 Bed Terraced House, Planning Permission, Northampton, NN1 3QE, £315,000

Burns Street, The Mounts, Northampton, NN1 3QE - 2 views - 2 months ago

Sold STC
Leasehold
Planning
ROI: 4%
~93 m²
+34 photos

ValuationOvervalued

Sold Prices£110K - £380K
Sold Prices/m²£1.4K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.4K/m²

Value Estimate

£209,828

 

 

End Value (After Refurb)

£211,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Refurb Costs

£41,155

Bridging Loan Interest

£8,269

Total Cash In

£143,824

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£211,000

Mortgage (After Refinance)

£158,250

Mortgage LTV

75%

Cash Left In

£143,824

Equity

£52,750

Rent Range

£995 - £3,750

Rent Estimate

£1,507

Running Costs/mo

£981

Cashflow/mo

£526

Cashflow/yr

£6,315

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £380K, average is £206.5K. £1.4K/m² to £3.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£226K01/230.03 mi42, Hunter Street, Northampton, West Northamptonshire NN1 3QB3
£183K11/200.03 mi68, Hunter Street, Northampton, Northamptonshire NN1 3QB3
£250K11/230.06 mi14, Colwyn Road, Northampton, West Northamptonshire NN1 3PZ3
£180K08/230.07 mi38, Shakespeare Road, Northampton, West Northamptonshire NN1 3QG3
£182.5K04/210.09 mi30, Shakespeare Road, Northampton, Northamptonshire NN1 3QG3
£180K10/210.09 mi19, Shakespeare Road, Northampton, Northamptonshire NN1 3QP3
£200K04/230.09 mi6, Hervey Street, Northampton, West Northamptonshire NN1 3QJ3
£195K02/240.1 mi37, Hunter Street, Northampton, West Northamptonshire NN1 3QD3
£180K05/230.12 mi15, Clare Street, Northampton, West Northamptonshire NN1 3JE3
£230K11/210.13 mi40, Cowper Street, Northampton, Northamptonshire NN1 3QR3
£204K04/210.13 mi15, Cowper Street, Northampton, Northamptonshire NN1 3QR3
£206K09/210.14 mi66, Colwyn Road, Northampton, Northamptonshire NN1 3PX3
£235K02/230.15 mi53, Hood Street, Northampton, West Northamptonshire NN1 3QT3
£195K04/210.15 mi139, Colwyn Road, Northampton, West Northamptonshire NN1 3PU3
£210K01/240.17 mi46, Military Road, Northampton, West Northamptonshire NN1 3EU3
£125K12/200.17 mi43, Somerset Street, Northampton, Northamptonshire NN1 3LW3
£180K12/200.18 mi43, Queens Road, Northampton, Northamptonshire NN1 3LP3
£207K09/230.18 mi7, Queens Road, Northampton, West Northamptonshire NN1 3LP3
£110K02/230.2 mi21, Cloutsham Street, Northampton, West Northamptonshire NN1 3LL3
£206K05/230.2 mi21, Overstone Road, Northampton, West Northamptonshire NN1 3JL3
£173K06/210.22 mi104, Bailiff Street, Northampton, Northamptonshire NN1 3EA3
£210K11/230.25 mi82, Alcombe Road, Northampton, West Northamptonshire NN1 3LF3
£180K03/210.3 mi73, Talbot Road, Northampton, Northamptonshire NN1 4HZ3
£245K06/230.3 mi51, Talbot Road, Northampton, West Northamptonshire NN1 4HZ3
£198K10/210.3 mi5, Connaught Street, Northampton, Northamptonshire NN1 3BP3
£196.5K03/210.31 mi19, Derby Road, Abington, Northampton, Northamptonshire NN1 4JP3
£229.5K10/230.34 mi97, Artizan Road, Northampton, West Northamptonshire NN1 4HR3
£198K01/210.36 mi75, Derby Road, Northampton, Northamptonshire NN1 4JP3
£205K09/210.36 mi78, Derby Road, Northampton, Northamptonshire NN1 4JS3
£182.5K11/200.36 mi81, Derby Road, Northampton, Northamptonshire NN1 4JP3
£255K02/240.36 mi65, Derby Road, Abington, Northampton, West Northamptonshire NN1 4JP3
£260K01/230.37 mi89, Derby Road, Abington, Northampton, West Northamptonshire NN1 4JP3
£200K08/210.37 mi52, Derby Road, Northampton, Northamptonshire NN1 4JS3
£177K03/210.37 mi95, Whitworth Road, Northampton, West Northamptonshire NN1 4HQ3
£208K06/210.38 mi47, Turner Street, Northampton, Northamptonshire NN1 4JJ3
£215K08/210.38 mi7, Turner Street, Northampton, Northamptonshire NN1 4JJ3
£240K09/230.38 mi5, Turner Street, Northampton, West Northamptonshire NN1 4JJ3
£205K10/230.38 mi6, Turner Street, Northampton, West Northamptonshire NN1 4JJ3
£380K08/220.38 mi33, Holly Road, Northampton, West Northamptonshire NN1 4QL3
£229K03/210.38 mi14, Holly Road, Northampton, Northamptonshire NN1 4QR3
£245K04/210.39 mi52, Holly Road, Northampton, Northamptonshire NN1 4QR3
£310K02/230.39 mi20, Holly Road, Northampton, West Northamptonshire NN1 4QR3
£232K03/210.41 mi104, Adams Avenue, Northampton, Northamptonshire NN1 4LJ3
£268K12/210.41 mi74, Adams Avenue, Northampton, Northamptonshire NN1 4LJ3
£266K03/210.43 mi25, Whitworth Road, Northampton, Northamptonshire NN1 4HG3
£217K10/230.43 mi41, Whitworth Road, Northampton, West Northamptonshire NN1 4HG3
£208K06/210.44 mi37, Freehold Street, Northampton, Northamptonshire NN2 6EW3
£225K01/230.44 mi82, Freehold Street, Northampton, West Northamptonshire NN2 6EW3
£208K06/210.44 mi37, Freehold Street, Northampton, Northamptonshire NN2 6EW3
£131K12/230.44 mi64, Freehold Street, Northampton, West Northamptonshire NN2 6EW3

Local Rents

53 rents from £995/mo to £3.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.03 miHunter Street, Northampton, NN13
£1,65011/240.06 mi-3
£1,65011/240.06 mi-3
£3,75006/240.06 mi-3
£3,40008/240.06 mi-3
£3,40011/240.06 mi-3
£3,40012/240.06 mi-3
£3,40012/240.06 mi-3
£1,30008/240.07 miShakespeare Road, NORTHAMPTON3
£1,15010/240.1 mi-3
£1,10008/240.1 miHervey Street, Northampton, NN13
£1,30006/240.1 miHunter Street, NORTHAMPTON3
£1,25008/240.1 miHunter Street, NORTHAMPTON3
£1,10008/240.12 miAustin Street, Mounts, Northampton, NN13
£1,10011/240.12 mi-3
£1,05006/240.14 miBeaconsfield Terrace, Northampton, Northamptonshire3
£1,25008/240.16 miMilitary Road, Northampton3
£1,20008/240.16 miSomerset Terrace, Somerset Street, The Mounts, Northampton NN13
£1,10011/240.17 mi-3
£1,30003/250.19 mi-3
£1,37506/240.19 miSpencer Road, Northampton, Northamptonshire, NN1 3LR3
£1,00009/240.19 miCloutsham Street, Northampton, Northamptonshire, NN13
£1,40006/240.21 miGreat Russell Street3
£1,55003/250.22 mi-3
£1,40007/240.24 mi-3
£1,40009/240.24 mi-3
£1,46501/250.24 mi-3
£1,46501/250.24 mi-3
£1,10002/250.24 mi-3
£1,35006/240.25 miEarl Street Northampton3
£1,25003/250.25 mi-3
£1,10008/240.27 miSt. Michaels Mount, Northampton3
£1,15007/240.27 miDunster Street, NORTHAMPTON3
£1,25004/250.28 mi-3
£1,25006/240.28 miCranstoun Street, NORTHAMPTON3
£1,10008/240.29 miTalbot Road, NORTHAMPTON3
£1,29503/240.3 miAbington Avenue, Abington, Northampton, Northamptonshire, NN13
£1,15006/240.31 miTurner Street, Abington, Northampton NN1 4JJ3
£1,30008/240.31 miPerry Street Abington Northampton3
£2,10008/240.31 miLorne Road, Northampton, Northamptonshire, NN13
£2,10008/240.31 miLorne Road, Northampton, Northamptonshire, NN13
£1,10006/240.34 miKettering Gardens, Northampton NN1 4AF 3
£99506/240.34 miKettering Gardens, Northampton NN1 4AF3
£1,20006/240.36 miDerby Road, Abington, NN1 4JP3
£3,15006/240.37 mi-3
£3,15002/250.37 mi-3
£1,15006/240.38 miTurner Street, NORTHAMPTON3
£1,15006/240.38 miTurner Street, Abington, Northampton, NN13
£1,25001/250.39 mi-3
£1,05006/240.39 miWhitworth Road, Abington, Northampton NN13
£1,30006/240.4 mi-3
£1,35008/240.4 miTurner Street, Abington3
£1,25007/240.41 miPytchley Street, NORTHAMPTON3

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.30 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £315,000

January 23, 2025

Floor Plans

Description

  • NO UPPER CHAIN +
  • EXTENDED FULL WIDTH KITCHEN DINER WITH ISLAND +
  • STUNNING PROPERTY +
  • LIVING ROOM WITH WOOD BURNING STOVE +
  • CONVERTED CELLAR / OFFICE / TV ROOM +
  • DOWNSTAIRS WC +
  • THREE BEDROOMS +
  • MODERN BATHROOM +
  • REAR GARDEN WITH UNDER COVER SEATING AREA, LAWN & PATIO +
  • COUNCIL TAX BAND B +

Entrance Hall
Entered via a composite front door, wood laminate flooring, radiator, stairs to the first floor and door to the snug.

Snug 4.3m max x 3.78m (14'1 x 12'5)
Wood laminate flooring, fitted cupboards, opening to the living room, opening to the kitchen diner, door to the WC and door to the cellar/office/TV room, radiator and under floor heating.

Living Room 3.5m x 3.3m (11'6 x 10'10)
Carpet, 3x under window radiators, double glazed bay window to the front, wood burning stove with hearth, projector, fitted cupboards/shelves and opening to the snug.

Kitchen Diner 6.95m x 3.9m (22'10 x 12'10)
Wood laminate flooring, base and wall units, composite worktop and sink with flexi hose/tap, electric oven/grill/microwave, fitted fridge/freezer, dishwasher, wine fridge and utility cupboard (plumbing and space for washing machine and dryer), kitchen island with power points, storage cupboards, breakfast bar and induction hob with sunken extractor fan. Two vertical radiators, Bi-fold doors to the rear patio, spotlights (smart bulbs), LED lights, boiler cupboard, two roof lanterns and under floor heating.

WC 1.2m x 1.08m (3'11 x 3'7)
Tiled flooring, panelled wall, dual flush WC, mounted wash basin, counter top, mirror and under floor heating.

Cellar - Office/TV Room 4.3m x 3.4m (14'1 x 11'2)
Wood laminate flooring, double glazed window to the front, storage cupboard and radiator.

First Floor Landing
Carpet, cupboard, loft access and doors to:

Bathroom 2.5m x 1.4m (8'2 x 4'7)
Tiled flooring, tiled walls, bath with shower over (dual shower attachments), mounted wash basin, dual flush WC, extractor, radiator and double glazed window to the rear. Obscured glass panelled door.

Bedroom 1 3.4m x 4.3m (14'1 x 11'2)
Carpet, double glazed window to the front, radiator, feature fireplace and fitted wardrobes.

Bedroom 2 3.8m x 2.7m (12'6 x 8'10)
Carpet, double glazed sash window to the rear, feature fireplace and radiator.

Bedroom 3 2.4m x 2.3m (7'10 x 7'7)
Wood laminate flooring, radiator and double glazed sash window to the rear.

Rear Garden
Fence and wall enclosed with patio, tap, lights, power point, bin storage, borders and lawn leading to a decked seating area with Pergola.

Smart Features
Smart lights/bulbs (approx 66), Google Homes (5 command units), Google NEST Thermostat (controls boiler) and 'Tado' Thermostats operated by an App which control heating in 4 rooms.

How long have you owned? 2019
Reason for moving? Leaving country
Freehold or Leasehold? Freehold
Council Tax Band? B
Standard Construction? Yes
Level Access to front door or step? Step
Wide Doorways for wheelchair access - 900mm (standard door 762mm)? No
Downstairs Wet Room? No
Water/Sewers Mains Connected? Yes
Electric Mains Connected Yes
Gas Mains Connected? Yes
Gas/Electric Supplier? EON NEXT
Electric Rewire done in your tenure? In the extension
Broadband Supplier? VIRGIN
Consumer Unit replaced in your tenure? No
Heating System (gas boiler, combi, immersion, heat pump etc)? Gas combi (end cupboard in kitchen)
Boiler installed? 2022
Boiler last serviced? Annually 2024
Solar panels (assisted hot water heating - mains fed)? No
Insulation - roof, cavity wall? Extension and roof
Aware of any Asbestos? No
Aware of any Subsidence? No
Dangerous Cladding? No
Flooded in last 5 Years? No
Private Rights of Way? No
Public Rights of Way? No
Aware of any Rights or Restrictions? No
Windows or Doors replaced in last 10 years? Extension
Extensions added during your tenure? Yes - kitchen completed 2023
Cellar Conversion? Yes (previous owner)
Garage Conversion? No
Loft Conversion? Loft Ladder - Light - Boarded? No
Planning Permission Granted? NA

Disclaimer: These property details were prepared in accordance with Consumer Protection Regulations and approved by the sellers. Measurements are to be used as a guide only and are not guaranteed to be 100% accurate. Services have not been tested by the agent.

Agent Details

Good Choice Property Sales, Northampton

01604 279970

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪