3 Bed Bungalow, Refurb/BRRR, Northampton, NN2 8QE, £230,000

Redland Drive, Kingsthorpe, Northampton, NN2 8QE - 9 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£178K - £450K
Sold Prices/m²£2K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£234,600

 

 

End Value (After Refurb)

£293,420

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£41,222

Bridging Loan Interest

£6,038

Total Cash In

£119,209

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,420

Mortgage (After Refinance)

£220,065

Mortgage LTV

75%

Cash Released

£47,565

Cash Left In

£71,644

Equity

£73,355

Rent Range

£1,050 - £1,600

Rent Estimate

£1,289

Running Costs/mo

£1,195

Cashflow/mo

£94

Cashflow/yr

£1,131

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £178K to £450K, average is £245K. £2K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£225K06/210.03 mi27, Redland Drive, Northampton, West Northamptonshire NN2 8QE3
£223.5K09/230.03 mi22, Redland Drive, Northampton, West Northamptonshire NN2 8QE3
£235K05/210.05 mi47, Grasscroft, Northampton, Northamptonshire NN2 8QL3
£270K04/230.06 mi20, Stonewold Close, Northampton, West Northamptonshire NN2 8QD3
£225K10/210.06 mi115, Grasscroft, Northampton, Northamptonshire NN2 8QL3
£245K03/210.06 mi59, Grasscroft, Northampton, Northamptonshire NN2 8QL3
£205K03/210.06 mi27, Leyland Drive, Northampton, Northamptonshire NN2 8QA3
£225K02/210.07 mi10, Cottage Close, Northampton, Northamptonshire NN2 8QN3
£225K02/210.07 mi12, Cottage Close, Northampton, Northamptonshire NN2 8QN3
£204K02/230.07 mi15, Cottage Close, Northampton, West Northamptonshire NN2 8QN3
£210K05/210.09 mi65, Grasscroft, Northampton, West Northamptonshire NN2 8QL3
£342.5K04/210.12 mi6, North Western Avenue, Northampton, Northamptonshire NN2 8HJ3
£250K10/230.13 mi21, Grovebury Dell, Northampton, West Northamptonshire NN2 8QP3
£225K06/230.13 mi22, Grovebury Dell, Northampton, West Northamptonshire NN2 8QP3
£215K03/240.15 mi33, Grasscroft, Northampton, West Northamptonshire NN2 8QH3
£178K11/200.16 mi107, Redland Drive, Northampton, Northamptonshire NN2 8UG3
£227K05/210.16 mi105, Redland Drive, Northampton, Northamptonshire NN2 8UG3
£223K04/210.16 mi75, Redland Drive, Northampton, Northamptonshire NN2 8UG3
£265K04/210.16 mi34, Grovebury Dell, Northampton, Northamptonshire NN2 8QP3
£268K07/210.17 mi1, Larwood Close, Northampton, West Northamptonshire NN2 8QJ3
£255K06/230.17 mi15, Pheasant Way, Northampton, West Northamptonshire NN2 8BJ3
£238K11/230.17 mi21, Pheasant Way, Northampton, West Northamptonshire NN2 8BJ3
£265K07/210.18 mi62, North Western Avenue, Northampton, West Northamptonshire NN2 8HL3
£305K10/220.18 mi40, Pheasant Way, Northampton, West Northamptonshire NN2 8BJ3
£240K06/210.18 mi45, Drovers Walk, Northampton, Northamptonshire NN2 8BB3
£210K08/230.18 mi38, Drovers Walk, Northampton, West Northamptonshire NN2 8BB3
£230K11/230.2 mi10, Catton Crescent, Northampton, West Northamptonshire NN2 8PL3
£280K03/210.25 mi80, Kentstone Close, Northampton, Northamptonshire NN2 8UJ3
£260K05/230.25 mi164, Welford Road, Northampton, West Northamptonshire NN2 8AL3
£289.9K09/210.26 mi1, Kingsmead, Northampton, West Northamptonshire NN2 8HX3
£245K11/220.3 mi3, Ploughmans Walk, Northampton, West Northamptonshire NN2 8BP3
£450K06/230.33 mi157, Welford Road, Northampton, West Northamptonshire NN2 8AJ3
£225K01/210.33 mi12, Northfield Way, Northampton, Northamptonshire NN2 8AN3
£237K11/200.33 mi4, Northfield Way, Northampton, Northamptonshire NN2 8AN3
£245K04/240.33 mi20, Northfield Way, Northampton, West Northamptonshire NN2 8AN3
£375K06/210.35 mi19, Kingsway, Northampton, Northamptonshire NN2 8HD3
£320K04/240.35 mi304, Acre Lane, Northampton, West Northamptonshire NN2 8PY3
£255K08/230.36 mi23, Bishops Drive, Northampton, West Northamptonshire NN2 6QR3
£287K08/230.37 mi6, Archers Close, Northampton, West Northamptonshire NN2 8DA3
£292.5K02/210.37 mi59, Acre Lane, Northampton, Northamptonshire NN2 8BG3
£236K12/200.37 mi11, Yeoman Drive, Northampton, Northamptonshire NN2 8AZ3
£290K08/210.38 mi71, Rookery Lane, Northampton, Northamptonshire NN2 8BX3
£220K11/200.38 mi57, Rookery Lane, Northampton, Northamptonshire NN2 8BX3
£220K11/200.38 mi57, Rookery Lane, Northampton, Northamptonshire NN2 8BX3
£290K08/230.38 mi57, Rookery Lane, Northampton, West Northamptonshire NN2 8BX3
£240K12/230.38 mi4, Poachers Way, Northampton, West Northamptonshire NN2 8AY3
£345K12/200.43 mi31, Knights Lane, Northampton, Northamptonshire NN2 6QN3
£265K01/230.43 mi1, Stubble Close, Northampton, West Northamptonshire NN2 8DS3
£300K11/220.44 mi43, Jenner Crescent, Northampton, West Northamptonshire NN2 8NB3
£287K09/210.44 mi45, Jenner Crescent, Northampton, Northamptonshire NN2 8NB3

Local Rents

14 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.09 miGrasscroft, Northampton, Northamptonshire, NN23
£1,50007/240.09 miGrasscroft, Northampton3
£1,15006/240.12 miGrasscroft, Northampton, NN2 8TR3
£1,25008/240.12 miGrasscroft, NORTHAMPTON3
£1,10007/240.14 miRedland Drive, Kingsthorpe, Northampton NN2 8UG3
£1,05007/240.19 miCatton Crescent, Kingsthorpe, Northampton NN23
£1,29508/240.22 miKingsway, Kingsthorpe, Northampton, Northamptonshire, NN2 8HF3
£1,25007/240.26 miBarley Lane, Northampton, NN23
£1,60006/240.44 miVicarage Lane, Northampton3
£1,20006/240.45 miSherwood Avenue, Northampton, NN23
£1,30009/240.5 miGreenhills Road, Northampton, Northamptonshire, NN23
£1,25006/240.57 miHarborough Road, Northampton3
£1,30006/240.6 mi-3
£1,29506/240.6 miGreenhills Road, NORTHAMPTON3

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

2.08 miles away

Nearest school

0.50 miles away

Nearest train station

2.07 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

March 3, 2025

Floor Plans

Description

  • No Onward Chain +
  • Potential +
  • Sought After Location +
  • Three Bedrooms +
  • Shower Room +
  • Rear Access +
  • Viewing Advised +
  • Double Glazed +
  • Private Rear Garden +
  • Generous Front Garden +

Jackson Grundy is pleased to bring to the market this rarely available semi-detached bungalow situated in the sought after Kingsthorpe location. Requiring internal modernisation, the generous accommodation comprises of a welcoming entrance porch, lounge, dining area, kitchen, refitted shower room and three well-proportioned bedrooms. Externally you will find a large, well-kept lawned front garden on approach, and to the rear a private low maintenance rear garden mainly laid to lawn with hard standing and rear access. Further benefits include double glazing throughout and no onward chain. For more information and to book your viewing, please call Jackson Grundy Kingsthorpe on . EPC Rating: TBC. Council Tax Band: C

HALL Access into lounge and dining area.

LOUNGE 4.71m x 3.22m (15'6 x 10'7) Double glazed window to the front elevation. Electric feature fireplace. Wall mounted electric heater.

KITCHEN 3.56m x 2.13m (11'8 x 7') Double glazed window to the front elevation. Door to side access. A range of wall and base units. Stainless steel sink with mixer tap and draining board.

DINING AREA 3.10m x 2.20m (10'2 x 7'3) Wall mounted electric heater. Access to kitchen.

INNER HALL Doors to:

SHOWER ROOM Double glazed window to the side elevation. Tiled walls. Heated towel rail. A three-piece shower suite to include low level WC, wash hand basin and enclosed shower cubicle.

BEDROOM ONE 4.34m x 2.54m (14'3 x 8'4) Double glazed window to the rear elevation. A range of fitted wardrobes.

BEDROOM TWO 3.30m x 2.54m (10'10 x 8'4) Double glazed window to the rear elevation.

BEDROOM THREE 3.30m x 2.04m (10'10 x 6'8) Double glazed window to the rear elevation.

OUTSIDE

FRONT GARDEN Private, well-kept front garden on approach. Mainly laid to lawn.

REAR GARDEN A private rear garden, mainly laid to lawn with hard standing and rear access. Enclosed by timber fencing.

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 – Electric Parking – At Rear 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, Kingsthorpe

01604 279427

Next Steps?

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