3 Bed Terraced House, Refurb/BRRR, Northampton, NN2 7QJ, £270,000

53 Harborough Rd, Kingsthorpe, Northants, NN2 7SH - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~127 m²
+7 photos

ValuationFair Value

Sold Prices£160K - £485K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~126.81 m²
Price/m²£2.1K/m²

Value Estimate

£272,700

 

 

End Value (After Refurb)

£337,685

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Refurb Costs

£56,208

Bridging Loan Interest

£7,088

Total Cash In

£148,245

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£337,685

Mortgage (After Refinance)

£253,264

Mortgage LTV

75%

Cash Released

£50,764

Cash Left In

£97,481

Equity

£84,421

Rent Range

£975 - £3,300

Rent Estimate

£1,429

Running Costs/mo

£1,361

Cashflow/mo

£68

Cashflow/yr

£815

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £160K to £485K, average is £225K. £1.4K/m² to £3.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£210.5K12/200.05 mi29, Kingsthorpe Grove, Northampton, Northamptonshire NN2 6NS3
£229K10/210.12 mi24, Queensland Gardens, Northampton, West Northamptonshire NN2 7BG3
£160K11/200.12 mi35, Queensland Gardens, Northampton, Northamptonshire NN2 7BG3
£228K03/230.12 mi34, Queensland Gardens, Northampton, West Northamptonshire NN2 7BG3
£260K01/230.12 mi9, Queensland Gardens, Northampton, West Northamptonshire NN2 7BG3
£265K09/210.16 mi93, Clarence Avenue, Northampton, Northamptonshire NN2 6NY3
£280K04/210.16 mi127, Clarence Avenue, Northampton, Northamptonshire NN2 6NY3
£220K10/230.16 mi24, Langdale Road, Northampton, West Northamptonshire NN2 7QH3
£295K03/240.16 mi116, Clarence Avenue, Northampton, West Northamptonshire NN2 6PA3
£165K12/200.16 mi3, Queens Crescent, Northampton, Northamptonshire NN2 7BQ3
£197K05/210.17 mi31, Harborough Road, Northampton, Northamptonshire NN2 7BB3
£230K09/230.18 mi27, Langdale Road, Northampton, West Northamptonshire NN2 7QQ3
£331K04/210.18 mi117, Queens Park Parade, Northampton, Northamptonshire NN2 6LR3
£230K08/230.19 mi63, Eastern Avenue South, Northampton, West Northamptonshire NN2 7BE3
£210K09/210.19 mi57, Eastern Avenue South, Northampton, Northamptonshire NN2 7BE3
£240K09/230.19 mi17, Eastern Avenue South, Northampton, West Northamptonshire NN2 7BE3
£250K09/230.19 mi11, Kingsland Avenue, Northampton, West Northamptonshire NN2 7PP3
£242K07/230.19 mi54, Kingsland Avenue, Northampton, West Northamptonshire NN2 7PP3
£235K05/210.2 mi92, Kingsthorpe Grove, Northampton, Northamptonshire NN2 6PD3
£227.5K12/230.2 mi70, Cecil Road, Northampton, West Northamptonshire NN2 6PQ3
£325K02/240.2 mi46, Cecil Road, Northampton, West Northamptonshire NN2 6PQ3
£225K12/200.21 mi58, Cecil Road, Northampton, Northamptonshire NN2 6PQ3
£225K07/210.21 mi87, Cecil Road, Northampton, Northamptonshire NN2 6PG3
£254K10/230.21 mi35, Cecil Road, Northampton, West Northamptonshire NN2 6PG3
£220K03/210.21 mi55, Cecil Road, Northampton, Northamptonshire NN2 6PG3
£275K04/240.21 mi19, Edinburgh Road, Northampton, West Northamptonshire NN2 6PH3
£170K01/210.24 mi34, Lincoln Street, Northampton, Northamptonshire NN2 6NR3
£175K11/200.24 mi24, Washington Street, Northampton, Northamptonshire NN2 6NL3
£230K05/230.24 mi64, Washington Street, Northampton, West Northamptonshire NN2 6NL3
£225K11/210.26 mi112, Kingsland Avenue, Northampton, Northamptonshire NN2 7PS3
£250K01/230.28 mi112, Balmoral Road, Northampton, West Northamptonshire NN2 6JZ3
£175K11/200.28 mi15, Cecil Road, Northampton, Northamptonshire NN2 6PG3
£180K04/210.28 mi10, Kingswell Road, Northampton, Northamptonshire NN2 6QB3
£485K10/200.28 mi31, Kingswell Road, Northampton, Northamptonshire NN2 6QB3
£224K08/210.28 mi77, Balmoral Road, Northampton, Northamptonshire NN2 6JY3
£197K05/210.28 mi65, Balmoral Road, Northampton, Northamptonshire NN2 6JY3
£285K04/240.28 mi40, Clarence Avenue, Northampton, West Northamptonshire NN2 6NZ3
£220K11/230.29 mi55, Cranford Road, Northampton, West Northamptonshire NN2 7QU3
£180K02/210.29 mi17, Cranford Road, Northampton, Northamptonshire NN2 7QU3
£198K02/210.3 mi41, Garfield Street, Northampton, West Northamptonshire NN2 6NW3
£190K05/210.31 mi9, Queens Park Parade, Northampton, Northamptonshire NN2 6LP3
£210K05/230.31 mi117, Eastern Avenue South, Northampton, West Northamptonshire NN2 7QD3
£174K11/200.31 mi111, Stanhope Road, Northampton, Northamptonshire NN2 6JU3
£237K06/230.31 mi123, Stanhope Road, Northampton, West Northamptonshire NN2 6JU3
£215K08/230.31 mi100, Norton Road, Northampton, West Northamptonshire NN2 7TN3
£215K01/240.31 mi56, Norton Road, Northampton, West Northamptonshire NN2 7TN3
£232K02/230.31 mi61, Cranford Road, Northampton, West Northamptonshire NN2 7QU3
£205K08/210.33 mi6, Stanhope Road, Northampton, Northamptonshire NN2 6JX3
£197K04/210.33 mi86, Stanhope Road, Northampton, West Northamptonshire NN2 6JX3
£225K12/200.34 mi28, Balmoral Road, Northampton, Northamptonshire NN2 6LA3

Local Rents

51 rents from £975/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25008/240.17 mi-3
£1,20007/240.19 miKingsland Avenue, Northampton, NN23
£1,20008/240.19 mi-3
£1,35002/250.2 mi-3
£1,20006/240.21 miKingsthorpe Grove, Northampton, NN23
£1,20007/240.21 miCecil Road, Kingsthorpe, Northampton, NN23
£1,15009/240.21 miCecil Road, NORTHAMPTON3
£1,20010/240.25 mi-3
£1,30008/240.26 mi-3
£1,30007/240.26 miBalmoral Road, Northampton, NN23
£1,05007/240.26 miBalmoral Road, Queens Park - NN23
£1,05008/240.26 miBalmoral Road, Queens Park - NN23
£1,40009/240.28 miKingsland Avenue, Northampton, Northamptonshire, NN23
£1,30007/240.28 miBalmoral Road, NORTHAMPTON3
£1,55008/240.28 miBalmoral Road, Northampton, Northamptonshire, NN23
£3,30008/240.29 mi-3
£3,30003/250.29 mi-3
£3,30002/250.29 mi-3
£1,30007/240.3 miGarfield Street, NORTHAMPTON3
£1,55008/240.3 miBalmoral Road, Northampton, NN23
£1,37506/240.32 mi-3
£1,20009/240.33 miStanhope Road, Northampton, Northamptonshire, NN23
£1,25006/240.33 miEastern Avenue South, Northampton, NN23
£1,25008/240.33 miEastern Avenue South3
£1,10002/250.36 mi-3
£1,40003/250.38 mi-3
£1,20006/240.38 miBalfour Road, NORTHAMPTON3
£1,45001/250.4 mi-3
£1,45001/250.4 mi-3
£1,45001/250.4 mi-3
£1,25007/240.44 miRuskin Road, Kingsthorpe, Northampton NN23
£1,30008/240.45 miRuskin Road, Kingsthorpe, Northampton, Northamptonshire, NN23
£1,25007/240.45 miHastings Road, Northampton, Northamptonshire, NN23
£1,25007/240.45 miHastings Road, Northampton, Northamptonshire, NN23
£1,25008/240.45 miHastings Road, Kingsthorpe, Northampton, Northamptonshire, NN23
£1,20008/240.46 miFairway, Northampton, Northamptonshire, NN23
£1,25008/240.48 miBarnwell Road, Kingsthorpe, Northampton, NN23
£1,10006/240.48 miFairway, Northampton, NN23
£3,20005/240.51 mi-3
£1,30003/250.51 mi-3
£1,25006/240.52 miBoughton Green Road, Northampton3
£1,26506/240.52 mi-3
£1,26506/240.52 miMasefield Way, Northampton, NN23
£1,25006/240.52 miNorthampton3
£1,50001/250.53 mi-3
£1,30006/240.53 mi-3
£1,60006/240.53 miVicarage Lane, Northampton3
£1,25007/240.6 miDerbyshire Drive, Northampton3
£97507/240.61 miBrackenhill Close, Northampton, NN23
£1,20007/240.62 miSt. Andrews Road, Semilong, Northampton, NN23
£1,25009/240.62 mi-3

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

1.26 miles away

Nearest school

0.20 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £270,000

January 28, 2025

Floor Plans

Description

  • Recently renovated +
  • Stunning three double bedrooms +
  • Private rear garden +
  • Newly fitted kitchen and bathroom +
  • Garden office +
  • Low maintenance garden +
  • Converted cellar +
  • Double glazed windows +
  • Ornate radiators +

We are excited to showcase this exceptional three-bed terraced house, a standout property in the local market. Thoughtfully refurbished in recent years with no detail overlooked, it has been transformed into a modern sanctuary of comfort and style.

The property features an extensive renovation, including complete rewiring, plastering, painting, and the installation of new doors and premium windows throughout. With a newly installed central heating system and integrated smoke and burglar alarms, this home ensures both comfort and security.

Upon entering, you’ll discover a spacious cellar that’s ideal for storage or can be converted into a personal gym. Fitted with lighting and shelving, this flexible space offers endless possibilities.

On the ground floor, the expansive entrance hall creates a welcoming first impression. The brand-new kitchen is perfect for culinary enthusiasts, featuring sleek, modern finishes, while the freshly decorated dining room offers the ideal setting for hosting gatherings. The lounge area, with its built-in bar, adds a sophisticated touch to your entertaining space.

Upstairs, you’ll find three beautifully decorated double bedrooms, each designed as a peaceful retreat for relaxation and restful sleep. The luxurious new bathroom includes a bath with an overhead shower and fitted storage cabinets for added convenience. A practical airing cupboard and easy access to the partly boarded loft via a wooden pulldown staircase complete the upper floor.

Located in the popular location of Kingsthorpe, Northampton. This property offers an enviable position surrounded by convenience and amenities. Families will benefit from being near reputable schools, including Kingsthorpe Grove Primary School, The Good Shepherd Catholic Primary School, and Cambian Northampton School.

Hallway - Double glazed door to hallway, ornate radiator, stairs rising to first floor landing, door leading to dining room, door leading to lounge, door with steps down to converted cellar.

Dining Room - Ornate radiator, tiled flooring, double glazed window to front.

Kitchen - Range of eye and base units with work surfaces over, built in 5 ring gas hob with extractor fan over, tiled around, tiled flooring, double glazed window to rear, sink with mixer tap, built in oven, space and plumbing for washing machine, space for dish washer, space for fridge freezer, spotlights to ceiling.

Lounge - Ornate upright radiator, double glazed window and double glazed door to rear, spotlights to ceiling, built in bar (which can be dismantled if you don't want the bar), fridge under bar.

Cellar - Door leading down to cellar which has been skimmed and tanked into a room, power and light.

First Floor Landing - Door to all rooms, radiator, double loft hatch, pull down ladder and its fully boarded.

Master Bedroom - Two double glazed windows to front, high ceilings.

Bedroom 2 - Two built in cupboards, cupboard to the left you have wall mounted combi boiler, two double glazed windows to front, one double glazed window to rear, high ceilings, lot of storage space.

Bedroom 3 - Double glazed window to rear, high ceiling.

Bathroom - Range of vanity units with work surfaces over, tiled around, sink with mixer tap, double glazed window to side, low level WC, bath with glass screen, two showers.

Rear Garden With Artificial Grass - Access leading to front through door.

Artificial Grass - Fence to side, wood built office with summer house, with pitched roof, double glazed door, double glazed windows, power and light.

Agent Details

Saints Estates Agents, Northampton

01604 279098

Next Steps?

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