2 Bed Terraced House, Refurb/BRRR, Northampton, NN1 3EX, £180,000

Poole Street, The Mounts, Northampton, NN1 3EX - 3 views - a month ago

Refurb/BRRR
ROI: 5%
~70 m²
+5 photos

ValuationOvervalued

Sold Prices£120K - £215K
Sold Prices/m²£1.3K/m² - £2.9K/m²

 

 

Square Metres

~70.20 m²
Price/m²£2.6K/m²

Value Estimate

£159,705

 

 

End Value (After Refurb)

£159,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£31,066

Bridging Loan Interest

£4,725

Total Cash In

£93,841

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£159,500

Mortgage (After Refinance)

£119,625

Mortgage LTV

75%

Cash Left In

£93,841

Equity

£39,875

Rent Range

£750 - £2,595

Rent Estimate

£1,116

Running Costs/mo

£742

Cashflow/mo

£374

Cashflow/yr

£4,492

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £215K, average is £170K. £1.3K/m² to £2.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£120K07/230 mi19, Poole Street, Northampton, West Northamptonshire NN1 3EX2
£165.5K11/200.04 mi11, Austin Street, Northampton, Northamptonshire NN1 3EY2
£162K02/210.04 mi9, Austin Street, Northampton, Northamptonshire NN1 3EY2
£160K03/230.04 mi14, Austin Street, Northampton, West Northamptonshire NN1 3EY2
£175K02/230.13 mi17, Hunter Street, Northampton, West Northamptonshire NN1 3QD2
£190K07/210.13 mi43, Hunter Street, Northampton, Northamptonshire NN1 3QD2
£172K02/210.17 mi12, Louise Road, Northampton, Northamptonshire NN1 3RR2
£149K06/230.17 mi82, Louise Road, Northampton, West Northamptonshire NN1 3RR2
£210K10/230.2 mi37, Overstone Road, Northampton, West Northamptonshire NN1 3JL2
£165K09/210.2 mi91, Clare Street, Northampton, Northamptonshire NN1 3JE2
£177.5K06/210.2 mi19, Clare Street, Northampton, Northamptonshire NN1 3JE2
£186K03/230.2 mi27, Clare Street, Northampton, West Northamptonshire NN1 3JE2
£200K09/210.22 mi41, Somerset Street, Northampton, West Northamptonshire NN1 3LW2
£159K04/210.22 mi31, Cranstoun Street, Northampton, Northamptonshire NN1 3BH2
£170K09/230.25 mi10, Cloutsham Street, Northampton, West Northamptonshire NN1 3LN2
£160K02/210.25 mi92, Cloutsham Street, Northampton, Northamptonshire NN1 3LN2
£186K10/230.26 mi17a, Cowper Street, Northampton, West Northamptonshire NN1 3QR2
£182K08/230.26 mi38, Cowper Street, Northampton, West Northamptonshire NN1 3QR2
£170K11/200.27 mi27, Alcombe Road, Northampton, Northamptonshire NN1 3LE2
£120K04/230.27 mi89, Alcombe Road, Northampton, West Northamptonshire NN1 3LE2
£195K06/230.27 mi111, Alcombe Road, Northampton, West Northamptonshire NN1 3LE2
£183.5K01/210.27 mi61, Hood Street, Northampton, Northamptonshire NN1 3QT2
£142.5K10/200.28 mi39, Dunster Street, Northampton, Northamptonshire NN1 3LB2
£180K06/230.3 mi2, Alcombe Terrace, Northampton, West Northamptonshire NN1 3LD2
£189K11/230.35 mi9, Hester Street, Northampton, West Northamptonshire NN2 6AP2
£185K12/200.4 mi74, Henry Street, Northampton, Northamptonshire NN1 4JE2
£187K10/230.4 mi56, Henry Street, Northampton, West Northamptonshire NN1 4JE2
£175K01/240.4 mi60, Henry Street, Northampton, West Northamptonshire NN1 4JE2
£159K06/210.41 mi52, Talbot Road, Northampton, Northamptonshire NN1 4JB2
£140K04/210.41 mi5a, Talbot Road, Northampton, Northamptonshire NN1 4HZ2
£195K05/210.41 mi59, Talbot Road, Northampton, Northamptonshire NN1 4HZ2
£168K05/210.43 mi47, St Michaels Mount, Northampton, Northamptonshire NN1 4JG2
£175K02/210.44 mi31, St Edmunds Road, Northampton, Northamptonshire NN1 5DY2
£169K04/230.45 mi136, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£175K10/230.45 mi107, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£155K12/200.45 mi111, Lower Adelaide Street, Northampton, Northamptonshire NN2 6BB2
£188K01/230.45 mi62, Lower Adelaide Street, Northampton, West Northamptonshire NN2 6BB2
£156K03/210.45 mi76, Talbot Road, Northampton, West Northamptonshire NN1 4JB2
£165K09/210.46 mi1, Northcote Street, Northampton, Northamptonshire NN2 6BE2
£165K04/210.46 mi75, Northcote Street, Northampton, Northamptonshire NN2 6BE2
£175K08/230.46 mi75, Northcote Street, Northampton, West Northamptonshire NN2 6BE2
£215K01/230.46 mi5, Alexandra Road, Northampton, West Northamptonshire NN1 5QP2
£154K01/210.46 mi79, Lower Hester Street, Northampton, Northamptonshire NN2 6BJ2
£170K02/230.48 mi81, Salisbury Street, Northampton, West Northamptonshire NN2 6BP2
£160K01/210.48 mi54, Salisbury Street, Northampton, Northamptonshire NN2 6BS2
£156K03/210.48 mi52, Salisbury Street, Northampton, Northamptonshire NN2 6BS2
£125K11/200.48 mi82, Lower Hester Street, Northampton, Northamptonshire NN2 6BL2
£167K07/210.48 miThe Balcony, 67b, Melville Street, Northampton, Northamptonshire NN1 4HX2
£140K01/240.48 mi33, Pytchley Street, Northampton, West Northamptonshire NN1 5QY2
£182K11/200.48 mi29, Pytchley Street, Northampton, Northamptonshire NN1 5QY2

Local Rents

51 rents from £750/mo to £2.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99507/240 miPoole Street, The Mounts, Northampton NN12
£97508/240.03 miWatkin Terrace, The Mounts, NN12
£1,00006/240.07 miMilitary Road, The Mounts, Northampton, NN12
£87506/240.11 miBailiff Street, The Mounts, Northampton, NN12
£1,00006/240.12 miHunter Street, The Mounts, Northampton NN12
£1,05011/240.12 mi-2
£1,15006/240.13 miThe Light Box Duke Street, Northampton, NN12
£1,15008/240.13 miDuke Street, Northampton, NN12
£1,05006/240.13 mi-2
£1,19507/240.13 miChurches Factory 10-14, Duke Street, Northampton, NN12
£1,20008/240.13 miChurches Factory 10-14, Duke Street, Northampton, NN12
£1,30007/240.14 miDuke Street, Northampton, NN12
£1,17508/240.14 miDuke Street, NORTHAMPTON2
£89506/240.14 mi-2
£1,00006/240.15 miColwyn Road, The Mounts2
£80006/240.16 mi-2
£97506/240.16 miGray Street, The Mounts, Northampton, NN12
£97506/240.16 miGray Street, Northampton, NN12
£90008/240.16 miGray Street, The Mounts, Northampton, NN12
£89511/240.18 mi-2
£87507/240.19 miShakespeare Road, Northampton2
£90001/250.19 mi-2
£1,10008/240.19 miHervey Street, NORTHAMPTON2
£99511/240.19 mi-2
£99507/240.19 miColwyn Road, Northampton2
£1,10006/240.2 miOverstone Road, NORTHAMPTON2
£1,10006/240.2 miShakespeare Road, Northampton, NN12
£95006/240.21 miCranstoun Street, The Mounts, Northampton NN12
£99508/240.21 miOverstone Road, Northampton2
£1,35003/250.22 mi-2
£1,10008/240.22 miSomerset Street, The Mounts, Northampton NN1 3LW2
£1,20009/240.22 mi-2
£87507/240.23 miDeal Street, Northampton, NN1 3HS2
£1,15010/240.23 mi-2
£1,10008/240.23 miSomerset Street, Northampton, Northamptonshire, NN1 3LW2
£1,10008/240.23 miSomerset Street, The Mounts, Northampton, Northamptonshire, NN1 3LW2
£1,55003/250.23 mi-2
£2,59506/240.25 mi-2
£2,59507/240.25 mi-2
£1,35009/240.25 mi-2
£1,35012/240.25 mi-2
£1,35012/240.25 mi-2
£1,35012/240.25 mi-2
£90006/240.25 miCloutsham Street, Northampton, NN12
£1,10008/240.26 miCarey Street, Northampton, NN12
£1,10009/240.26 mi-2
£1,10010/240.26 mi-2
£1,00007/240.26 miAlcombe Road, Northampton, Northamptonshire, NN12
£75006/240.26 miCowper Street - The Mounts - NN12
£75007/240.26 miCowper Street - The Mounts - NN12
£1,15008/240.27 miAlcombe Road, NORTHAMPTON2

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £180,000

March 15, 2025

Floor Plans

Description

  • CHAIN FREE +
  • HEAPS OF POTENTIAL +
  • CLOSE TO TOWN CENTRE +
  • CLOSE TO THE RACECOURSE +

TAKE A LOOK at this two bedroom terraced house in the heart of The Mounts, modernised but now in need of some TLC.  The property has gas central heating and is double glazed throughout and has a modern kitchen but offers the new owner the opportunity to refurbish to make a lovely new home.  The front door opens in to a light and spacious open plan living/dining room with an attractive period fire surround and stairs rising to the first floor.  The kitchen is well fitted with a range of timber effect cabinets and leads through to the conservatory or large rear porch which in turn leads out to the low maintenance rear garden.  Upstairs are two double bedrooms and the family bathroom. Poole Street is in the the popular residential area of The Mounts. The property is within walking distance of the shops, pubs and other facilities found on the Barrack Road and the green open space of The Racecourse.  There is also easy access  to Northampton town centre, the Grosvenor Shopping Centre and the bus and railway stations, the latter with regular services to London Euston and beyond.

Agent Details

EweMove, Covering East Midlands

01274 015899

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪