2 Bed Terraced House, Refurb/BRRR, Northampton, NN2 7JG, £230,000

Milton Street, Kingsley, Northampton, NN2 7JG - 5 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£149.9K - £308.5K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£161,500

 

 

End Value (After Refurb)

£230,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£30,190

Bridging Loan Interest

£6,038

Total Cash In

£103,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,000

Mortgage (After Refinance)

£172,500

Mortgage LTV

75%

Cash Left In

£103,577

Equity

£57,500

Rent Range

£725 - £4,767

Rent Estimate

£1,090

Running Costs/mo

£957

Cashflow/mo

£133

Cashflow/yr

£1,599

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £149.9K to £308.5K, average is £200K. £2K/m² to £5.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£222.5K07/230.04 mi89, Milton Street, Northampton, West Northamptonshire NN2 7JG2
£190K07/230.04 mi101, Milton Street, Northampton, West Northamptonshire NN2 7JG2
£215K05/230.04 mi76, Milton Street, Northampton, West Northamptonshire NN2 7JF2
£225K02/230.06 mi93, Oliver Street, Northampton, West Northamptonshire NN2 7JH2
£200K06/210.06 mi25, Byron Street, Northampton, West Northamptonshire NN2 7JE2
£149.9K07/210.06 mi45, Byron Street, Northampton, Northamptonshire NN2 7JE2
£200K03/240.06 mi43, Byron Street, Northampton, West Northamptonshire NN2 7JE2
£230K11/210.06 mi23, Oliver Street, Northampton, Northamptonshire NN2 7JH2
£187.5K12/230.07 mi76, Byron Street, Northampton, West Northamptonshire NN2 7JD2
£235K12/220.08 mi50, Byron Street, Northampton, West Northamptonshire NN2 7JD2
£180K08/230.12 mi48, Kingsley Road, Northampton, West Northamptonshire NN2 7BL2
£225K03/230.12 mi118, Milton Street North, Northampton, West Northamptonshire NN2 7DE2
£175K03/210.12 mi113, Milton Street North, Northampton, West Northamptonshire NN2 7DF2
£186.5K01/240.14 mi16, Carlton Road, Northampton, West Northamptonshire NN2 7DQ2
£230K11/220.15 mi29, Randall Road, Northampton, West Northamptonshire NN2 7DG2
£230K12/220.16 mi77, Junction Road, Northampton, West Northamptonshire NN2 7HS2
£206K04/230.16 mi4, Carlton Gardens, Northampton, West Northamptonshire NN2 7DH2
£170K09/210.16 mi5, Moore Street, Northampton, Northamptonshire NN2 7HU2
£220K11/230.16 mi27, Moore Street, Northampton, West Northamptonshire NN2 7HU2
£230K04/230.16 mi35, Moore Street, Northampton, West Northamptonshire NN2 7HU2
£184K12/200.16 mi23, Moore Street, Northampton, Northamptonshire NN2 7HU2
£200K05/230.16 mi43, Moore Street, Northampton, West Northamptonshire NN2 7HU2
£220K05/230.2 mi4a, Chaucer Street, Northampton, West Northamptonshire NN2 7HN2
£180K08/230.2 mi6, Chaucer Street, Northampton, West Northamptonshire NN2 7HN2
£183K02/210.2 mi16, Brookfield Road, Northampton, Northamptonshire NN2 7LS2
£200K08/210.21 mi52, Romany Road, Northampton, Northamptonshire NN2 7DJ2
£182K11/200.22 mi93, Chaucer Street, Northampton, Northamptonshire NN2 7HW2
£215K09/230.22 mi7, Chaucer Street, Northampton, West Northamptonshire NN2 7HW2
£230K12/230.23 mi190, Milton Street North, Northampton, West Northamptonshire NN2 7DD2
£275K01/230.23 mi45, The Drive, Northampton, West Northamptonshire NN1 4SH2
£308.5K01/230.23 mi47, The Drive, Northampton, West Northamptonshire NN1 4SH2
£215K12/210.24 mi7, Sunningdale Close, Northampton, West Northamptonshire NN2 7LR2
£190K01/240.26 mi40, Masefield Way, Northampton, West Northamptonshire NN2 7JU2
£190K11/200.26 mi49, Raeburn Road, Northampton, Northamptonshire NN2 7ET2
£235K02/210.27 miThe Coach House, 23, Abington Grove, Northampton, Northamptonshire NN1 4QW2
£185K01/240.27 mi58, Brookfield Road, Northampton, West Northamptonshire NN2 7LP2
£165K08/210.28 mi172, Kingsley Road, Northampton, West Northamptonshire NN2 7BX2
£275K02/240.28 mi60, The Drive, Northampton, West Northamptonshire NN1 4SJ2
£187.5K01/210.29 mi15, Masefield Way, Northampton, Northamptonshire NN2 7JT2
£197K10/210.3 mi114, Fairway, Northampton, Northamptonshire NN2 7JZ2
£190K03/210.3 mi120, Fairway, Northampton, Northamptonshire NN2 7JZ2
£210K02/230.35 mi19, Cedar Road, Northampton, West Northamptonshire NN1 4RN2
£192K04/210.35 mi5, Wallace Road, Northampton, Northamptonshire NN2 7EE2
£168K09/230.35 mi6, Wallace Road, Northampton, West Northamptonshire NN2 7EE2
£201K03/210.36 mi5, Cedar Road, Northampton, Northamptonshire NN1 4RN2
£205K11/200.37 mi10, Ashburnham Road, Northampton, Northamptonshire NN1 4QY2
£215K03/230.37 mi8, Ashburnham Road, Northampton, West Northamptonshire NN1 4QY2
£242.5K09/230.41 mi80, Kenmuir Avenue, Northampton, West Northamptonshire NN2 7EQ2
£180K01/210.41 mi62, Kenmuir Avenue, Northampton, Northamptonshire NN2 7EQ2
£180K11/200.41 mi66, Kenmuir Avenue, Northampton, Northamptonshire NN2 7EQ2

Local Rents

50 rents from £725/mo to £4.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,09506/240.02 miMilton Street, Poets Corner, Northampton2
£1,10006/240.04 mi Milton Street, Northampton NN2 7JF2
£1,30010/240.04 mi-2
£1,30005/240.04 mi-2
£1,00006/240.07 miByron Street, Northampton2
£4,76707/240.11 miCarlton Road, Northampton, NN22
£1,25006/240.15 mi-2
£99507/240.17 miJunction Road, Kingsley, Northampton NN2 7HS2
£1,10008/240.17 miJunction Road, Northampton NN2 7HS2
£99508/240.17 miJunction Road, Northampton, Northamptonshire, NN2 7HS2
£99508/240.17 miJunction Road, Kingsley, Northampton, Northamptonshire, NN2 7HS2
£1,00008/240.18 miKingsley Road, NORTHAMPTON2
£87510/240.2 mi-2
£89508/240.2 miHomestead Court, Northampton, NN22
£89509/240.2 miHomestead Court, Northampton, NN22
£85007/240.21 mi-2
£85006/240.21 miPoets Court, Northampton, NN22
£1,40006/240.22 miHomestead Way, NORTHAMPTON2
£99006/240.22 miChaucer Street, NORTHAMPTON2
£1,10006/240.22 miThe Drive, Northampton, NN12
£1,15008/240.22 miThe Drive, Northampton, NN12
£95006/240.23 mi4 The Drive, Kingsley, Northampton NN1 4RY2
£99502/240.23 miKingsley Park Terrace, Northampton NN2 5HJ 2
£1,20006/240.24 miThe Drive, Northampton, NN12
£85008/240.31 miTrinity Court, Northampton, NN22
£85008/240.31 mi-2
£1,02508/240.34 miFairway, Kingsthorpe, NN22
£1,00008/240.36 mi-2
£90008/240.38 miCedar Road, Northampton, Northamptonshire, NN12
£87506/240.39 miCollingwood Road, Northampton, NN1 4RL2
£1,40003/250.4 mi-2
£1,20007/240.41 miHolly Road, Abington, Northampton NN12
£1,20006/240.44 miKenmuir Crescent, NORTHAMPTON2
£95006/240.44 miBirchfield Road, Northampton, NN12
£1,09504/250.45 mi-2
£89506/240.46 miWestleigh Close, Northampton, NN12
£89508/240.46 mi8 Westleigh Close, Northampton, Northamptonshire, NN12
£80006/240.47 miAbington Avenue, Abington - NN12
£1,05002/240.47 mi-2
£1,10006/240.47 mi-2
£87509/240.48 miKettering Road, Kingsley - NN22
£1,05007/240.48 miPurser Road, Abington2
£90012/240.48 mi-2
£85008/240.48 miTrinity Court, Kingsthorpe, NN2 6LD2
£1,40004/250.49 mi-2
£72508/240.5 miColwyn Road, The Mounts2
£97506/240.5 miColwyn Road, The Mounts, Northampton NN12
£99506/240.5 miRoe Road, Northampton2
£97502/250.5 mi-2
£1,05007/240.5 miStanhope Road, Kingsthorpe2

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

0.91 miles away

Nearest school

0.30 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £230,000

January 29, 2025

Floor Plans

Description

  • Two Bedroom Terrace +
  • Lounge/Dining Room +
  • uPVC Double Glazing +
  • Updated Gas Boiler +
  • Immaculate Condition +
  • Sun Room +
  • Large Rear Garden +
  • Boarded Loft Space +
  • Cellar +
  • Close to Local Amenities +

Jackson Grundy are delighted to be the chosen agent to market this immaculate two bedroom Victorian terrace home located on Milton Street, Poets Corner. The current home owners have decorated and designed the property to create a calm and relaxed environment. The accommodation comprises entrance hall, lounge/dining room, kitchen and an all year round sun room. The first floor comprises two well proportioned bedrooms and a three piece suite family bathroom. The rear garden has been beautifully tended by the vendors and is also of a very good size. Further benefits include a boarded attic space, cellar with potential for renovation and a up to date gas boiler. EPC Rating: D. Council Tax Band: B.

ENTRANCE HALL Enter via a composite door. Stairs rising to first floor. Doors to:

LOUNGE/DINING ROOM 6.78m x 3.50m (22'3 x 11'6)

LOUNGE uPVC double glazed window to front elevation. Feature fireplace. Television point. Opening to:

KITCHEN 3.56m x 2.24m (11'8 x 7'4) uPVC double glazed window to side aspect. Range of wall mounted and base level units with work surface over. Integrated oven, gas hob and extractor. Space for white goods. Stainless steel sink and drainer. Gas combination boiler. Door down to cellar. Door into:

FAMILY ROOM 3.38m x 3.11m (11'1 x 10'2) uPVC double glazed window to side and rear. uPVC glazed door to rear garden. Radiator.

FIRST FLOOR LANDING Doors to:

BEDROOM ONE 3.12 x 3.59m (10'3 x 11'9) uPVC double glazed window to front elevation. Radiator. Fitted wardrobe.

BEDROOM TWO 3.42m x 2.67m (11'3 x 8'9) uPVC double glazed window to rear elevation. Radiator.

BATHROOM 3.56m x 2.24m (11'8 x 7'4) uPVC obscure glazed window to rear elevation. Three piece suite comprising panelled bath with shower over, low level WC and porcelain hand wash basin.

CELLAR 3.13m x 4.34m (10'3 x 14'3) Power and lighting. Utility meters. RCD consumer unit.

OUTSIDE

REAR Enclosed by timber fencing. Mature trees and shrubbery. Secluded courtyard laid to patio slabs. Outside tap and lighting.

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 – Ask Agent Accessibility – N/a 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, Kingsley

01604 279706

Next Steps?

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