2 Bed Terraced House, Refurb/BRRR, Northampton, NN3 5DH, £160,000

Teesdale, Southfields, Northampton, NN3 5DH - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£86K - £385K
Sold Prices/m²£717/m² - £7.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£161,600

 

 

End Value (After Refurb)

£158,398

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£30,141

Bridging Loan Interest

£4,200

Total Cash In

£82,091

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£158,398

Mortgage (After Refinance)

£118,798

Mortgage LTV

75%

Cash Left In

£82,091

Equity

£39,599

Rent Range

£850 - £1,250

Rent Estimate

£960

Running Costs/mo

£707

Cashflow/mo

£253

Cashflow/yr

£3,036

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £86K to £385K, average is £185K. £717/m² to £7.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£162K08/210.01 mi23, Teesdale, Northampton, West Northamptonshire NN3 5DH2
£86K11/200.06 mi47, Middlemore, Northampton, Northamptonshire NN3 5DE2
£121K01/210.06 mi14, Middlemore, Northampton, Northamptonshire NN3 5DE2
£160K04/210.08 mi23, Duckworth Dell, Northampton, Northamptonshire NN3 5DG2
£140K02/210.1 mi37, Donellan Green, Northampton, Northamptonshire NN3 5DJ2
£145K09/230.1 mi35, Donellan Green, Northampton, West Northamptonshire NN3 5DJ2
£162K02/210.1 mi8, Little Gull Close, Northampton, Northamptonshire NN3 5BU2
£180K11/200.33 mi18, Evesham Court, Northampton, Northamptonshire NN3 5JB2
£202K04/240.34 mi72, Osmund Drive, Northampton, West Northamptonshire NN3 8XB2
£112.5K01/240.34 mi39, Osmund Drive, Northampton, West Northamptonshire NN3 8XB2
£180K03/230.34 mi6, Osmund Drive, Northampton, West Northamptonshire NN3 8XB2
£180K01/240.34 mi43, Osmund Drive, Northampton, West Northamptonshire NN3 8XB2
£148K11/200.34 mi14, Hamsterly Park, Northampton, Northamptonshire NN3 5DA2
£155K09/210.34 mi2, Greatfield Court, Northampton, Northamptonshire NN3 8UU2
£215K02/230.38 mi8, Springwood Court, Northampton, West Northamptonshire NN3 8QN2
£190K11/210.39 mi10, East Bank, Northampton, Northamptonshire NN3 8YR2
£190K11/210.39 mi22, East Bank, Northampton, Northamptonshire NN3 8YR2
£185K07/210.39 mi9, East Bank, Northampton, West Northamptonshire NN3 8YR2
£235K11/210.42 mi5a, Crabb Tree Drive, Northampton, Northamptonshire NN3 5DR2
£300K05/230.42 mi3a, Crabb Tree Drive, Northampton, West Northamptonshire NN3 5DR2
£150K02/210.54 mi4, South Holme Court, Northampton, Northamptonshire NN3 8AL2
£163K11/230.54 mi26, South Holme Court, Northampton, West Northamptonshire NN3 8AL2
£153K03/210.56 mi17, Jasper Walk, Northampton, Northamptonshire NN3 8YN2
£185K10/230.56 mi18, Jasper Walk, Northampton, West Northamptonshire NN3 8YN2
£165K07/210.56 mi14, Keyham Court, Northampton, Northamptonshire NN3 8TT2
£143K04/210.59 mi32, Dell Crescent, Northampton, Northamptonshire NN3 8SG2
£185K11/230.59 mi10, Bradmoor Court, Northampton, West Northamptonshire NN3 8TS2
£197K08/210.6 mi10, Shelford Close, Northampton, Northamptonshire NN3 8UF2
£195K11/230.6 mi5, Shelford Close, Northampton, West Northamptonshire NN3 8UF2
£175K02/230.65 mi16, Wade Meadow Court, Northampton, West Northamptonshire NN3 8ND2
£177.5K09/230.65 mi39, South Paddock Court, Northampton, West Northamptonshire NN3 8LH2
£265K04/230.66 mi14, Yewtree Court, Northampton, West Northamptonshire NN3 6SF2
£257.5K01/240.69 mi30, Bibury Crescent, Northampton, West Northamptonshire NN3 6AG2
£198.5K01/210.69 mi38, Bibury Crescent, Northampton, Northamptonshire NN3 6AG2
£200K03/210.69 mi11, Bibury Crescent, Northampton, Northamptonshire NN3 6AG2
£197K11/230.7 mi46, Dore Close, Northampton, West Northamptonshire NN3 8NJ2
£185K11/210.7 mi47, Dore Close, Northampton, Northamptonshire NN3 8NJ2
£190K04/230.7 mi71, Dore Close, Northampton, West Northamptonshire NN3 8NJ2
£196K12/220.73 mi41, Dore Close, Northampton, West Northamptonshire NN3 8PZ2
£180K06/230.73 mi43, Dore Close, Northampton, West Northamptonshire NN3 8PZ2
£150K12/200.73 mi35, Dore Close, Northampton, Northamptonshire NN3 8PZ2
£192.5K11/230.73 mi30, Dore Close, Northampton, West Northamptonshire NN3 8PZ2
£230K06/230.75 mi20, Burford Avenue, Northampton, West Northamptonshire NN3 6AF2
£275K11/230.75 mi14, Burford Avenue, Northampton, West Northamptonshire NN3 6AF2
£291K03/230.76 mi45, Queenswood Avenue, Northampton, West Northamptonshire NN3 6JT2
£315K02/240.81 mi36, Woodside Avenue, Northampton, West Northamptonshire NN3 6JW2
£262K07/230.81 mi78, Woodside Avenue, Northampton, West Northamptonshire NN3 6JW2
£300K06/230.82 mi18, Lumbertubs Rise, Northampton, West Northamptonshire NN3 6AJ2
£193K01/210.85 mi26, Lowick Court, Moulton, Northampton, Northamptonshire NN3 7TZ2
£385K12/220.9 mi11, Queenswood Avenue, Northampton, West Northamptonshire NN3 6JS2

Local Rents

24 rents from £850/mo to £1.3K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£95009/240.08 miDuckworth Dell, Northampton, NN32
£85012/240.14 mi-2
£90002/250.14 mi-2
£90002/250.14 mi-2
£90003/250.14 mi-2
£85006/240.15 miGreat Gull Crescent, Southfields, Northampton, NN32
£1,00006/240.17 miVerwood Close, Northampton, NN32
£97506/240.23 miBroomhill Crescent, NORTHAMPTON2
£92508/240.29 miHamsterly Park, Southfields, Northampton, NN32
£1,07507/240.3 miHamsterly Park, Northampton, NN32
£87506/240.31 miPine Ridge, Northampton2
£95008/240.31 mi-2
£95008/240.32 miLarge 2 Bedroom Property, Osmund Drive, Northampton2
£99507/240.34 miOsmund Drive, Goldings, Northampton, NN32
£1,10008/240.43 miTreetops, Northampton, NN32
£1,25008/240.43 mi-2
£99510/240.43 mi-2
£85006/240.48 miGreat Holme Court, Northampton, NN3 8AE2
£1,17511/240.58 mi-2
£92507/240.59 miHolmecross Road, Thorplands, Northampton NN3 8AW2
£90007/240.59 miBradmoor Court, Blackthorn, Northampton, NN32
£90008/240.59 miBradmoor Court, Blackthorn, Northampton, NN32
£92508/240.6 miHolmecross Road, Northampton, Northamptonshire, NN3 8AW2
£92508/240.6 miHolmecross Road, Thorplands, Northampton, Northamptonshire, NN3 8AW2

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

3.37 miles away

Nearest school

0.30 miles away

Nearest train station

4.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £160,000

February 20, 2025

Floor Plans

Description

  • No Chain +
  • In Need of Modernisation +
  • Two Double Bedrooms +
  • Good Investment Oportunity +
  • Early Viewings Recommended +

Early viewings recommended for this two bedroom mid terrace situated in Southfields. This property is in need of modernisation but would make an excellent investment property. Call today to arrange an internal inspection.

ENTRANCE Enter via timber framed door. Stairs to first floor with cupboard under. Radiator. Electric fuse box.

LOUNGE/DINING ROOM 6.51m x 3.19m (21'4 x 10'6) Front and rear timber framed windows. Two radiators.

KITCHEN 3.51m x 3.58m (11'6 x 11'9) Timber frame window to rear elevation. Opaque aluminium door to garden. Base and wall mounted units. Stainless steel bowl and drainer with mixer tap. Sliding double glazed doors to lounge.

FIRST FLOOR LANDING Double cupboard. Airing cupboard housing combination boiler. Loft hatch.

BEDROOM ONE 2.89m x 4.00m (9'6 x 13'1) Two timber framed windows to front elevation. Radiator.

BEDROOM TWO 3.43m x 3.04m (11'3 x 10') Timber frame window to rear elevation. Radiator.

BATHROOM 1.63m x 2.54m (5'4 x 8'4) Opaque timber frame window to rear elevation. Low level WC. Pedestal wash hand basin. Panel bath. Electric shower over. Radiator. Tiled floor to ceiling.

OUTSIDE

FRONT Path to front door. Storage cupboard.

MATERIAL INFORMATION

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

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, Weston Favell

01604 279532

Next Steps?

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