2 Bed Terraced House, Refurb/BRRR, Northampton, NN1 4LY, £155,000

Monks Park Road, Abington, Northampton, Northamptonshire, NN1 4LY - 1 views - a month ago

Sold STC
Cash
Refurb/BRRR
ROI: 3%
~77 m²

ValuationUndervalued

Sold Prices£148K - £265K
Sold Prices/m²£1.9K/m² - £3.1K/m²

 

 

Square Metres

~76.56 m²
Price/m²£2K/m²

Value Estimate

£159,650
BMV3%

 

 

End Value (After Refurb)

£189,241

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Refurb Costs

£33,880

Bridging Loan Interest

£4,069

Total Cash In

£87,999

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,241

Mortgage (After Refinance)

£141,930

Mortgage LTV

75%

Cash Released

£25,680

Cash Left In

£62,318

Equity

£47,310

Rent Range

£795 - £1,400

Rent Estimate

£1,083

Running Costs/mo

£828

Cashflow/mo

£255

Cashflow/yr

£3,060

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £148K to £265K, average is £200K. £1.9K/m² to £3.1K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£265K10/220.01 mi1, Florence Road, Northampton, West Northamptonshire NN1 4NA2
£226.5K04/230.03 mi81, Monks Park Road, Northampton, West Northamptonshire NN1 4LU2
£215K02/240.03 mi33, Monks Park Road, Northampton, West Northamptonshire NN1 4LU2
£215K05/230.04 mi19, Florence Road, Northampton, West Northamptonshire NN1 4NA2
£192K08/210.05 mi2, Monks Hall Road, Northampton, Northamptonshire NN1 4LZ2
£221K08/230.05 mi14, Monks Hall Road, Northampton, West Northamptonshire NN1 4LZ2
£181K06/210.09 mi2, Collins Street, Northampton, Northamptonshire NN1 4TG2
£186K09/230.09 mi14, Collins Street, Northampton, West Northamptonshire NN1 4TG2
£230K05/220.1 mi19, Sheriff Road, Northampton, West Northamptonshire NN1 4LT2
£215K12/230.11 mi48, Allen Road, Northampton, West Northamptonshire NN1 4NE2
£160.5K12/200.14 mi10, Wilby Street, Northampton, Northamptonshire NN1 5JX2
£200K11/210.14 mi138, Lutterworth Road, Northampton, Northamptonshire NN1 5JL2
£210K01/230.14 mi68, Manfield Road, Northampton, West Northamptonshire NN1 4NN2
£210K09/230.14 mi62, Manfield Road, Northampton, West Northamptonshire NN1 4NN2
£180K08/210.16 mi7, East Street, Northampton, Northamptonshire NN1 5JZ2
£239K10/230.17 mi55, Adams Avenue, Northampton, West Northamptonshire NN1 4LJ2
£180K09/210.19 mi16, South Terrace, Northampton, Northamptonshire NN1 5JY2
£200K09/230.19 mi1, South Terrace, Northampton, West Northamptonshire NN1 5JY2
£195K06/230.19 mi2, South Terrace, Northampton, West Northamptonshire NN1 5JY2
£191K12/230.2 mi8, Melbourne Walk, Northampton, West Northamptonshire NN1 5SL2
£205K04/230.2 mi22, Melbourne Walk, Northampton, West Northamptonshire NN1 5SL2
£193K04/230.2 mi24, Melbourne Walk, Northampton, West Northamptonshire NN1 5SL2
£194K07/210.21 mi59, Perry Street, Northampton, Northamptonshire NN1 4HL2
£185K09/210.22 mi23, Baronson Gardens, Northampton, Northamptonshire NN1 4NZ2
£215K01/220.22 mi13, Baronson Gardens, Northampton, West Northamptonshire NN1 4NZ2
£196.5K01/210.23 mi115, Whitworth Road, Northampton, Northamptonshire NN1 4HQ2
£187K09/210.23 mi47, Baronson Gardens, Northampton, Northamptonshire NN1 4NZ2
£185K09/210.23 mi23, Baronson Gardens, Northampton, Northamptonshire NN1 4NZ2
£200K12/230.23 mi60, Turner Street, Northampton, West Northamptonshire NN1 4JL2
£198K05/210.23 mi64, Turner Street, Northampton, Northamptonshire NN1 4JL2
£210K12/230.23 mi54, Turner Street, Northampton, West Northamptonshire NN1 4JL2
£216K11/230.23 mi76, Turner Street, Northampton, West Northamptonshire NN1 4JL2
£180K03/230.25 mi14, Melville Street, Northampton, West Northamptonshire NN1 4HX2
£180K08/230.25 mi73, Melville Street, Northampton, West Northamptonshire NN1 4HX2
£200K02/210.25 mi87, Wycliffe Road, Northampton, Northamptonshire NN1 5JQ2
£205K10/210.25 mi17, Lea Road, Northampton, Northamptonshire NN1 4PE2
£200K08/230.25 mi7, Lea Road, Northampton, West Northamptonshire NN1 4PE2
£200K03/210.25 mi49, Lea Road, Northampton, Northamptonshire NN1 4PE2
£167K07/210.25 miThe Balcony, 67b, Melville Street, Northampton, Northamptonshire NN1 4HX2
£148K03/210.26 mi19, Purser Road, Northampton, Northamptonshire NN1 4PG2
£190K05/230.26 mi93, Purser Road, Northampton, West Northamptonshire NN1 4PG2
£196K10/200.26 mi103, Purser Road, Northampton, Northamptonshire NN1 4PG2
£206.8K04/210.26 mi11, Turner Street, Northampton, Northamptonshire NN1 4JJ2
£156K03/210.27 mi76, Talbot Road, Northampton, West Northamptonshire NN1 4JB2
£218K01/230.27 mi6, Purser Road, Northampton, West Northamptonshire NN1 4PQ2
£210K05/210.27 mi104, Purser Road, Northampton, Northamptonshire NN1 4PQ2
£200K04/210.28 mi91, Roe Road, Northampton, Northamptonshire NN1 4PH2
£220K03/230.28 mi79, Roe Road, Northampton, West Northamptonshire NN1 4PH2
£168K05/210.28 mi47, St Michaels Mount, Northampton, Northamptonshire NN1 4JG2
£195K03/210.29 mi40, Roe Road, Northampton, Northamptonshire NN1 4PJ2

Local Rents

50 rents from £795/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99509/240 miMonks Park Road, Abington - NN12
£99507/240.04 miFlorence Road, Northampton, NN12
£95008/240.05 miWellingborough Road, Abington - NN12
£1,10006/240.06 miFlorence Road, Abington, NN12
£85001/250.06 mi-2
£1,10007/240.08 miWellingborough Road, Abington2
£1,10006/240.08 miWellingborough Road, Abington, NN12
£1,10006/240.08 miWellingborough Road, Northampton, Northamptonshire, NN12
£1,00006/240.08 miWellingborough Road, Northampton, Northamptonshire, NN12
£79507/240.13 miEast Street, Abington - NN12
£92507/240.13 mi-2
£1,20006/240.13 miWilby Street, NORTHAMPTON2
£1,20008/240.14 miManfield Road, Northampton2
£89507/240.15 miAdnitt Road, Abington, Northampton, NN1 4NG2
£89507/240.15 miAdnitt Road, Abington, Northampton, NN1 4NG2
£99508/240.16 miWellingborough Road, Northampton2
£1,02508/240.17 miAbington2
£99506/240.17 miLea Road, Abington2
£1,30008/240.18 miStimpson Avenue, Northampton, NN12
£1,30008/240.18 miStimpson Avenue, Northampton, NN12
£1,30009/240.18 mi-2
£1,30002/250.18 mi-2
£95006/240.19 miKing Edward Road, Northampton, West Northamptonshire, NN12
£95007/240.19 miWhitworth Road, Northampton, NN12
£1,10008/240.2 miMelborne walk, northampton2
£1,19508/240.21 miLea Road, Abington, Northampton, Northamptonshire, NN12
£1,19508/240.21 miLea Road, Abington, Northampton, Northamptonshire, NN12
£1,19508/240.21 miLea Road, Abington, Northampton, Northamptonshire, NN12
£1,20007/240.21 mi-2
£1,25012/240.21 mi-2
£1,10002/250.21 mi-2
£1,10010/240.22 mi-2
£1,20011/240.22 mi-2
£1,25011/240.22 mi-2
£85009/240.23 miTurner Street, Abington - NN12
£85007/240.23 miTurner Street, Abington - NN12
£1,15007/240.24 miArtizan Road, Abington, Northampton, NN12
£1,05007/240.24 miSouth Street, Abington, Northampton, NN12
£95007/240.24 miClarke Road, Northampton2
£92503/240.26 miUpper Thrift Street, Abington, Northampton, Northamptonshire, NN12
£95007/240.26 miUpper Thrift St, Northampton2
£1,10006/240.27 miPurser Road, Abington, Northampton, NN12
£1,40002/240.27 mi-2
£1,40001/250.27 mi-2
£1,10007/240.27 miTalbot Road, Northampton2
£1,05006/240.27 miRoe Road, Northampton, NN12
£1,00010/240.28 mi-2
£95006/240.28 miMelville Street, Northampton2
£1,25006/240.28 miRoe Road, Northampton2
£1,05002/240.28 mi-2

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.67 miles away

Nearest school

0.10 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £155,000

March 19, 2025

Floor Plans

Description

  • CASH BUYERS ONLY +
  • In Need Of Full Refurbishment +
  • Double Bay Fronted +
  • Popular Location +

CASH BUYERS ONLY.

This double bay fronted mid terrace property is in need of full renovation.
To the ground floor you will find the lounge at the front and kitchen diner across the rear of the property with doors leading into the low maintenance rear garden.
To the first floor you will find a double bedroom, which has been knocked through with double doors leading into the second bedroom and a single bedroom. The property further benefits from a large bedroom upstairs.

Monks Park Road is situated in the heart of Abington, and the houses here differ slightly in terms of layout and appearance from what you would usually expect in Abington. This area is very popular, mainly due to the close proximity of the fantastic Abington Park. This makes it particularly attractive to young families who can enjoy the park's facilities such as a bowling green, museum, and children's play area. The Wellingborough Road runs through the heart of Abington and offers numerous designer shops, restaurants, bars, and fashion outlets. Local supermarkets can be found on the Wellingborough Road too. Northampton Town Centre is approximately 1.8 miles away, and the Northampton Train Station is a further 0.5 miles away, with trains running to London Euston and Birmingham New Street. The A45 is located within 1.5 miles of Abington and provides excellent links to the M1. Schools in the area include Northampton School for Boys, Barry Road Primary School, and Abington Vale Primary School. If you are a cricket fan, then Abington is the place to be, as it's home to the Northampton Cricket Team.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QAB250046/2

Agent Details

YOUR MOVE Nolan Throw, Abington

01604 279792

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