4 Bed HMO, Northampton, NN3 2QX, £300,000

Broadmead Avenue, Abington, Northampton, NN3 2QX - 12 views - a month ago

HMO
Refurb/BRRR
Planning
ROI: 2%
~129 m²
+10 photos

ValuationFair Value

Sold Prices£190K - £612.5K
Sold Prices/m²£1.7K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.3K/m²

Value Estimate

£303,000

 

 

End Value (After Refurb)

£344,126

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£57,200

Bridging Loan Interest

£7,875

Total Cash In

£160,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£344,126

Mortgage (After Refinance)

£258,095

Mortgage LTV

75%

Cash Released

£33,095

Cash Left In

£127,430

Equity

£86,032

Room Rate

£572

Gross Rent

£2,288

Running Costs/mo

£2,046

Cashflow/mo

£242

Cashflow/yr

£2,900

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £190K to £612.5K, average is £317.5K. £1.7K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£272K06/210.18 mi11, Lindsay Avenue, Northampton, West Northamptonshire NN3 2SJ4
£310K11/200.18 mi320, Kettering Road, Northampton, Northamptonshire NN2 7DT4
£370K04/230.19 mi25, Greenfield Road, Northampton, West Northamptonshire NN3 2LJ4
£250K06/210.2 mi2, Kenmuir Gardens, Northampton, West Northamptonshire NN2 7EA4
£315K04/210.29 mi86, Park Avenue North, Northampton, West Northamptonshire NN3 2JD4
£340K06/230.36 mi38, The Drive, Northampton, West Northamptonshire NN1 4SJ4
£357K12/220.38 mi54, Park Avenue North, Northampton, West Northamptonshire NN3 2JE4
£245K06/210.41 mi3, Oakwood Road, Northampton, West Northamptonshire NN1 4SX4
£325K08/230.41 mi9, Oakwood Road, Northampton, West Northamptonshire NN1 4SX4
£295K08/210.42 mi205, Birchfield Road East, Northampton, Northamptonshire NN3 2BZ4
£315K04/240.42 mi193, Birchfield Road East, Northampton, West Northamptonshire NN3 2BZ4
£337.5K08/230.43 mi90, Cedar Road, Northampton, West Northamptonshire NN1 4RW4
£420K06/210.44 mi14, Squires Walk, Northampton, West Northamptonshire NN3 6AL4
£435K02/240.44 mi10, Squires Walk, Northampton, West Northamptonshire NN3 6AL4
£243K08/210.44 mi6, Rennishaw Way, Northampton, Northamptonshire NN2 7NE4
£212.5K02/210.45 mi20, Moore Street, Northampton, Northamptonshire NN2 7HX4
£375K06/230.46 mi36, Broadway, Northampton, West Northamptonshire NN1 4SF4
£290K10/230.47 mi18, Hoylake Drive, Northampton, West Northamptonshire NN2 7NL4
£365K04/220.47 mi125, Birchfield Road, Northampton, West Northamptonshire NN1 4RQ4
£487K01/230.47 mi1, Squires Walk, Northampton, West Northamptonshire NN3 6AL4
£612.5K08/210.48 mi16, Woodland Avenue, Northampton, Northamptonshire NN3 2BY4
£450K10/230.48 mi148, Birchfield Road, Northampton, West Northamptonshire NN1 4RH4
£435K05/230.48 mi138, Birchfield Road, Northampton, West Northamptonshire NN1 4RH4
£321K03/230.48 mi130, Birchfield Road, Northampton, West Northamptonshire NN1 4RH4
£278K01/210.49 mi210, Hazeldene Road, Northampton, Northamptonshire NN2 7NH4
£283K03/210.51 mi233, Broadway East, Northampton, Northamptonshire NN3 2PU4
£325K02/210.52 mi97, Birchfield Road, Northampton, Northamptonshire NN1 4RG4
£445K06/210.53 mi2, Lime Avenue, Northampton, Northamptonshire NN3 2HB4
£190K03/210.54 mi56, Milton Street, Northampton, Northamptonshire NN2 7JF4
£240K02/210.55 mi48, Beverley Crescent, Northampton, Northamptonshire NN3 2PX4
£230K04/230.56 mi27, Milton Street, Northampton, West Northamptonshire NN2 7JG4
£265K10/200.57 mi228, Hazeldene Road, Northampton, Northamptonshire NN2 7NW4
£315K09/210.58 mi216, Abington Avenue, Northampton, Northamptonshire NN1 4PR4
£336K06/210.6 mi39, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£370K05/210.6 mi37, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£350K06/210.6 mi53, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£350K12/200.6 mi26, Birchfield Road, Northampton, Northamptonshire NN1 4RE4
£275K04/210.64 mi11, Heatherdale Way, Northampton, Northamptonshire NN2 7NY4
£312.5K08/210.65 mi39, Fulford Drive, Northampton, West Northamptonshire NN2 7NX4
£292K02/210.65 mi43, Fulford Drive, Northampton, West Northamptonshire NN2 7NX4
£307K11/200.66 mi2, Dorman Close, Northampton, Northamptonshire NN3 6QG4
£350K06/230.67 mi10, Manderville Close, Northampton, West Northamptonshire NN3 6QE4
£310K01/230.7 mi83, Holly Road, Northampton, West Northamptonshire NN1 4QN4
£280K05/230.71 mi57, Aintree Road, Northampton, West Northamptonshire NN3 6EA4
£280K05/230.73 mi134, Abington Avenue, Northampton, West Northamptonshire NN1 4PD4
£343K11/200.73 mi170, Kingsley Road, Northampton, Northamptonshire NN2 7BX4
£350K12/220.75 mi20, Baldwin Close, Northampton, West Northamptonshire NN3 6AY4
£320K11/210.75 mi86, Bush Hill, Northampton, Northamptonshire NN3 2PE4
£360K02/210.77 mi52, Homestead Way, Northampton, Northamptonshire NN2 6JG4
£315K02/240.81 mi7, Debdale Road, Northampton, West Northamptonshire NN3 2TR4

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

1.42 miles away

Nearest school

0.30 miles away

Nearest train station

2.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £300,000

March 7, 2025

Floor Plans

Description

  • HMO License Granted For 7 Bedrooms +
  • Double Bay Fronted +
  • uPVC Double Glazing +
  • Gas Central Heating +
  • Close to Amenities +
  • No Chain +
  • Application number 2025/0028/FULL +

FULL PLANNING PERMISSION FOR A 7 BEDROOM HMO APPROVED - Change of use from a dwelling (Use Class C3) to 7-bed House in Multiple Occupation (Use Class SG), with single storey rear extension, rear dormer window and rooflights to front roof slope. Application number 2025/0028/FULL. A double bay fronted terrace property located in a great location in Abington, close to local amenities and schools. The property is in need of some updating but has UPVC double glazed windows (where specified), gas central heating and trip switched consumer unit. The accommodation comprises entrance porch, entrance hall, lounge, dining room/bedroom four, kitchen and a downstairs bathroom. To the first floor are three bedrooms and a further bathroom. The outside areas include front garden, a good sized rear garden and a garage which is accessed via a rear service road. Call to view. Council Tax Band: C. EPC Rating: E

ENTRANCE PORCH Enter via UPVC double glazed door to: -

ENTRANCE HALL Stairs rising to first floor landing. Radiator. Doors to: -

LOUNGE 4.50m x 4.17m (14'9" x 13'8") UPVC double glazed bay window to front elevation. Radiator. Feature fireplace. Opening to entrance hall.

DINING ROOM/BEDROOM FOUR 3.84m x 3.58m (12'7" x 11'9") UPVC double glazed French door to rear garden. Radiator. Fireplace with gas fire.

KITCHEN 3.00m x 2.44m (9'10" x 8'0") UPVC double glazed door to rear garden. Radiator. Fitted with a range of base and wall mounted units with worktops surfaces incorporating stainless steel sink unit with hot and cold taps over. Integrated oven and gas hob. Space for white goods. Spotlights to ceiling.

DOWNSTAIRS BATHROOM 2.82m x 1.35m (9'3" x 4'5") Wooden frame single glazed window to side elevation. Radiator. Four piece suite comprising low level WC, wash hand basin, bath and shower cubicle.

FIRST FLOOR LANDING Access to loft space. Doors to: -

BEDROOM ONE 3.96m x 3.73m (13'0" x 12'3") UPVC double glazed bay window to front elevation. Radiator. Fitted wardrobe.

BEDROOM TWO 4.50m x 3.48m (14'9" x 11'5") UPVC double glazed window to rear elevation. Radiator. Fitted storage cupboard.

BEDROOM THREE/KITCHENETTE 2.24m x 1.93m (7'4" x 6'4") UPVC double glazed window to front elevation. Worktop surface incorporating stainless steel sink unit. Plumbing and space for white goods.

BATHROOM 2.06m x 1.88m (6'9" x 6'2") Obscure UPVC double glazed window to rear elevation. Heated towel rail. Suite comprising low level WC, wash hand basin set into vanity unit and panelled bath.

OUTSIDE FRONT GARDEN Mainly laid to concrete with a path to front door.

REAR GARDEN Mainly laid to lawn with mature borders and enclosed by brick walling to the left and right. Access to garage.

DOUBLE GARAGE Double garage accessed via a rear service road. Sliding wooden doors. Power and light connected

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 – Ask Agent Primary Heating Type – Gas Parking – Yes 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, Abington

01604 279969

Next Steps?

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