3 Bed Terraced House, Refurb/BRRR, Northampton, NN4 8HD, £150,000

Thirlestane Road, Northampton, NN4 8HD - 10 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 5%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£130K - £320K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£153,000

 

 

End Value (After Refurb)

£213,891

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£41,197

Bridging Loan Interest

£3,938

Total Cash In

£90,084

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£213,891

Mortgage (After Refinance)

£160,418

Mortgage LTV

75%

Cash Released

£47,918

Cash Left In

£42,166

Equity

£53,473

Rent Range

£975 - £1,650

Rent Estimate

£1,374

Running Costs/mo

£963

Cashflow/mo

£411

Cashflow/yr

£4,929

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £130K to £320K, average is £218K. £1.7K/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£188K02/230 mi5, Thirlestane Road, Northampton, West Northamptonshire NN4 8HD3
£185K04/210 mi10, Thirlestane Road, Northampton, Northamptonshire NN4 8HD3
£173K06/210 mi8, Thirlestane Road, Northampton, Northamptonshire NN4 8HD3
£190K01/210 mi34, Thirlestane Road, Northampton, Northamptonshire NN4 8HD3
£215K10/230 mi28, Thirlestane Road, Northampton, West Northamptonshire NN4 8HD3
£200K11/200.02 mi64, Delapre Street, Northampton, Northamptonshire NN4 8HA3
£250K04/230.02 mi90, Delapre Street, Northampton, West Northamptonshire NN4 8HA3
£195K03/240.03 mi14, Abbey Road, Northampton, West Northamptonshire NN4 8EZ3
£192.5K10/210.03 mi48, Abbey Road, Northampton, Northamptonshire NN4 8EZ3
£186K04/210.04 mi1, Abbey Road, Northampton, West Northamptonshire NN4 8EY3
£166K12/200.05 mi44, Abbey Road, Northampton, Northamptonshire NN4 8EZ3
£171K02/210.05 mi63, Abbey Road, Northampton, Northamptonshire NN4 8EY3
£130K07/210.05 mi57, Abbey Road, Northampton, West Northamptonshire NN4 8EY3
£208K04/240.05 mi63, Abbey Road, Northampton, West Northamptonshire NN4 8EY3
£229K01/230.05 mi93, Abbey Road, Northampton, West Northamptonshire NN4 8EY3
£235K11/220.06 mi57, Oxford Street, Northampton, West Northamptonshire NN4 8HE3
£175K01/210.08 mi4, Thirlestane Road, Northampton, Northamptonshire NN4 8HD3
£260K10/230.11 mi19, Rothersthorpe Road, Northampton, West Northamptonshire NN4 8JA3
£210K04/210.11 mi15, Rothersthorpe Road, Northampton, Northamptonshire NN4 8JA3
£320K01/240.12 mi110, Towcester Road, Northampton, West Northamptonshire NN4 8LH3
£235K07/230.13 mi18, Thirlestane Crescent, Northampton, West Northamptonshire NN4 8HF3
£170K12/200.15 mi175, Southampton Road, Northampton, Northamptonshire NN4 8DZ3
£252K11/200.16 mi9, Delapre Crescent Road, Northampton, Northamptonshire NN4 8NG3
£225K06/230.16 mi43, Delapre Crescent Road, Northampton, West Northamptonshire NN4 8NG3
£195K02/240.19 mi27, Briar Hill Road, Northampton, West Northamptonshire NN4 8LL3
£202K05/210.19 mi107, Penrhyn Road, Northampton, Northamptonshire NN4 8EE3
£250K02/230.19 mi107, Penrhyn Road, Northampton, West Northamptonshire NN4 8EE3
£172K02/210.21 mi135, Southampton Road, Northampton, Northamptonshire NN4 8DZ3
£216K06/230.21 mi139, Penrhyn Road, Northampton, West Northamptonshire NN4 8EE3
£225K06/210.22 mi130, Penrhyn Road, Northampton, West Northamptonshire NN4 8ED3
£220K08/230.22 mi114, Penrhyn Road, Northampton, West Northamptonshire NN4 8ED3
£237K05/240.22 mi96, Penrhyn Road, Northampton, West Northamptonshire NN4 8ED3
£223K10/200.22 mi46, Penrhyn Road, Northampton, Northamptonshire NN4 8ED3
£207K10/200.23 mi183, Southampton Road, Northampton, Northamptonshire NN4 8DZ3
£196K08/210.23 mi128, Euston Road, Northampton, Northamptonshire NN4 8DU3
£205K08/230.25 mi126, Southampton Road, Northampton, West Northamptonshire NN4 8DY3
£227K11/220.25 mi156, Southampton Road, Northampton, West Northamptonshire NN4 8DY3
£187.5K05/210.25 mi97, Euston Road, Northampton, Northamptonshire NN4 8DX3
£174K04/210.25 mi69, Euston Road, Northampton, Northamptonshire NN4 8DX3
£230K02/210.26 mi9, Pleydell Road, Northampton, West Northamptonshire NN4 8NJ3
£250K11/220.26 mi45, Pleydell Road, Northampton, West Northamptonshire NN4 8NJ3
£242K12/200.26 mi26, Lauderdale Avenue, Northampton, Northamptonshire NN4 8RL3
£230K11/220.27 mi62, Euston Road, Northampton, West Northamptonshire NN4 8DU3
£230K12/220.28 mi148, St Leonards Road, Northampton, West Northamptonshire NN4 8DW3
£227.5K12/230.28 mi13, Thorpe Road, Northampton, West Northamptonshire NN4 8PD3
£265K10/210.28 mi10, Pomfret Arms Close, Northampton, Northamptonshire NN4 8DJ3
£270K09/210.29 mi127, Towcester Road, Northampton, West Northamptonshire NN4 8LR3
£240K02/210.29 mi63, Towcester Road, Northampton, Northamptonshire NN4 8LR3
£295K05/210.3 mi3, Thorpe Road, Northampton, West Northamptonshire NN4 8PD3
£295K09/230.3 mi17, Leah Bank, Northampton, West Northamptonshire NN4 8RG3

Local Rents

50 rents from £975/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.04 mi-3
£1,30002/250.05 mi-3
£1,20003/250.05 mi-3
£1,60012/240.06 mi-3
£1,30008/240.2 miPenrhyn Road, Northampton NN4 8ED3
£1,40006/240.21 miTowcester Road, Far Cotton, Northampton, Northamptonshire, NN43
£1,30007/240.21 miPenrhyn Road, Far Cotton, Northampton, NN43
£1,30006/240.22 miPenrhyn Road, NN43
£97506/240.23 miSouthampton Road, Northampton, NN43
£1,20002/250.24 mi-3
£1,30007/240.25 miRothersthorpe Road, Northampton, NN43
£1,44501/240.25 mi-3
£1,30007/240.25 mi-3
£1,15010/240.25 mi-3
£1,35006/240.25 miRothersthorpe Road, Far Cotton, Northampton, NN43
£1,30006/240.25 miRothersthorpe Road, Far Cotton, Northampton NN43
£1,25008/240.27 mi-3
£1,29903/250.27 mi-3
£1,15006/240.27 miLauderdale Avenue, Far Cotton, NN43
£1,30008/240.29 miEuston Road, Far Cotton, Northampton, NN43
£1,35006/240.3 mi-3
£1,40006/240.3 miLeah Bank Northampton3
£1,40008/240.31 miWheelbarrow Court, Northampton, NN4 8UE3
£1,50008/240.31 miSt. Leonards Road, Northampton, Northamptonshire, NN43
£1,10010/240.31 mi-3
£1,15003/250.31 mi-3
£1,15006/240.35 miBaulmsholme Close, Southbridge, Northampton NN4 8BJ3
£1,09506/240.36 miSt Leonards Road, Northampton3
£1,25008/240.37 miEuston Road, Northampton, NN43
£1,35010/240.37 mi-3
£1,30007/240.37 miSouthampton Road Northampton3
£1,25006/240.37 miEuston Road, NORTHAMPTON3
£1,27506/240.38 miEuston Road, Northampton, NN43
£1,25009/240.38 mi-3
£1,35006/240.38 mi-3
£1,45002/240.38 mi-3
£1,45001/250.38 mi-3
£1,30011/240.4 mi-3
£1,30008/240.4 miStevenson Street, Northampton, NN43
£1,30008/240.4 mi-3
£1,65007/240.4 miTunnel Hill Cottage, Northampton, NN43
£1,65007/240.4 miTunnel Hill Cottage, Northampton, NN43
£1,65006/240.4 mi-3
£1,65008/240.4 mi-3
£1,30008/240.41 miStevenson street, Far Cotton, Northampton3
£1,30006/240.44 miLondon Road, Delapre, Northampton, NN43
£1,30008/240.44 miHedgely Court, Buckingham Fields, Northampton NN43
£1,29503/250.46 mi-3
£1,05003/240.47 miRedruth Close, Delapre, Northampton, NN43
£1,35006/240.48 miStoneyhurst, Northampton, NN43

Local Area Statistics

Population in NN4

46,727

Population in Northampton

281,924

Town centre distance

1.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £150,000

January 29, 2025

Floor Plans

Description

  • Being Sold By Auction +
  • Buyers Fee Applies +
  • Buy It Now Option Available +
  • End Of Terraced House +
  • Requires Full Modernisation +
  • 3 Bedrooms Upstairs Bathroom +
  • 2 Reception Rooms +
  • Kitchen -Downstairs W.C +

The Property
CHAIN FREE-end of terraced house-That requires full modernisation.
2 reception rooms, kitchen, downstairs shower room with w.c, First floor 3 bedrooms. Rear garden with 2 shed areas- requires work.

Material information:

The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
Being Sold by GOTO Online Auction

Starting Bids from £150,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks.

Specification
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market.

Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Northampton

020 3840 3586

Next Steps?

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