2 Bed Bungalow, Refurb/BRRR, Northampton, NN3 6DA, £245,000

Ledaig Way, Spinney Hill, Northampton NN3 6DA - 1 views - 23 days ago

Refurb/BRRR
ROI: 3%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£150K - £300K
Sold Prices/m²£2.1K/m² - £7.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£199,026

 

 

End Value (After Refurb)

£225,315

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£15,850

Refurb Costs

£30,141

Bridging Loan Interest

£6,431

Total Cash In

£115,422

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,315

Mortgage (After Refinance)

£168,986

Mortgage LTV

75%

Cash Left In

£115,422

Equity

£56,329

Rent Range

£825 - £2,850

Rent Estimate

£1,291

Running Costs/mo

£982

Cashflow/mo

£309

Cashflow/yr

£3,704

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £300K, average is £220K. £2.1K/m² to £7.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£269.9K03/230.05 mi143, Highlands Avenue, Northampton, West Northamptonshire NN3 6BH2
£220K12/200.07 mi95, Highlands Avenue, Northampton, Northamptonshire NN3 6BQ2
£212.5K12/230.07 mi87, Highlands Avenue, Northampton, West Northamptonshire NN3 6BQ2
£245K04/230.1 mi4, Reedway, Northampton, West Northamptonshire NN3 6BT2
£190K09/210.1 mi8, Reedway, Northampton, Northamptonshire NN3 6BT2
£265K02/240.14 mi162, Coppice Drive, Northampton, West Northamptonshire NN3 6NG2
£150K12/200.15 mi74, Ennerdale Road, Northampton, Northamptonshire NN3 6BX2
£220K09/230.15 mi88, Ennerdale Road, Northampton, West Northamptonshire NN3 6BX2
£225K11/210.2 mi22, Oulton Rise, Northampton, Northamptonshire NN3 6EW2
£248K03/240.2 mi12, Stanton Avenue, Northampton, West Northamptonshire NN3 6BZ2
£225K12/230.2 mi35, Grendon Walk, Northampton, West Northamptonshire NN3 6EP2
£265K03/230.2 mi43, Grendon Walk, Northampton, West Northamptonshire NN3 6EP2
£232.5K12/230.21 mi23, Highlands Avenue, Northampton, West Northamptonshire NN3 6BG2
£180K12/200.22 mi59, Ennerdale Road, Northampton, Northamptonshire NN3 6BB2
£202K06/210.25 mi417, Kettering Road, Northampton, Northamptonshire NN3 6QR2
£230K08/210.25 mi439, Kettering Road, Northampton, Northamptonshire NN3 6QS2
£266K08/230.25 mi8, Druids Way, Northampton, West Northamptonshire NN3 6EB2
£195K04/210.25 mi6, Druids Way, Northampton, West Northamptonshire NN3 6EB2
£192.5K02/240.26 mi110, Coppice Drive, Northampton, West Northamptonshire NN3 6NF2
£242.5K04/210.26 mi43, Coppice Drive, Northampton, Northamptonshire NN3 6ND2
£226K02/210.26 mi37, Coppice Drive, Northampton, Northamptonshire NN3 6ND2
£220K01/210.26 mi69, Coppice Drive, Northampton, Northamptonshire NN3 6ND2
£190K04/210.27 mi44, Aintree Road, Northampton, Northamptonshire NN3 6EA2
£260K02/240.27 mi26, Aintree Road, Northampton, West Northamptonshire NN3 6EA2
£225K12/200.28 mi37, Mountfield Road, Northampton, Northamptonshire NN3 6BE2
£300K10/230.28 mi30, Mountfield Road, Northampton, West Northamptonshire NN3 6BE2
£215K01/230.47 mi14, Hollingside Drive, Northampton, West Northamptonshire NN2 7NN2
£235K05/230.47 mi27, Hollingside Drive, Northampton, West Northamptonshire NN2 7NN2
£255K10/230.5 mi1, Laburnum Crescent, Northampton, West Northamptonshire NN3 2LF2
£255K07/230.51 mi20, Lorraine Crescent, Northampton, West Northamptonshire NN3 6HW2
£187K01/210.52 mi38, Lorraine Crescent, Northampton, Northamptonshire NN3 6HW2
£205K06/230.53 mi14a, Baldwin Close, Northampton, West Northamptonshire NN3 6AY2
£190K11/210.61 mi1, Kenmuir Gardens, Northampton, Northamptonshire NN2 7EA2
£167.5K11/200.62 mi73, Kenmuir Crescent, Northampton, Northamptonshire NN2 7EL2
£220K12/200.62 mi89, Greenview Drive, Northampton, Northamptonshire NN2 7LE2
£250K07/210.62 mi87, Greenview Drive, Northampton, Northamptonshire NN2 7LE2
£163.5K07/210.63 mi6, Kenmuir Crescent, Northampton, Northamptonshire NN2 7EN2
£215K03/230.63 mi88, Greenview Drive, Northampton, West Northamptonshire NN2 7LQ2
£242.5K09/230.63 mi80, Kenmuir Avenue, Northampton, West Northamptonshire NN2 7EQ2
£180K01/210.63 mi62, Kenmuir Avenue, Northampton, Northamptonshire NN2 7EQ2
£180K11/200.63 mi66, Kenmuir Avenue, Northampton, Northamptonshire NN2 7EQ2
£171K05/210.64 mi20, Kenmuir Avenue, Northampton, West Northamptonshire NN2 7DX2
£231K09/230.64 mi1, Thistleholme Close, Northampton, West Northamptonshire NN2 7LH2
£235K03/230.66 mi71, Greenview Drive, Northampton, West Northamptonshire NN2 7LB2
£180K07/210.66 mi13, Kenmuir Avenue, Northampton, Northamptonshire NN2 7DY2
£295K09/230.67 mi9, Winston Close, Northampton, West Northamptonshire NN3 6NU2
£220K08/210.68 mi57, Greenview Drive, Northampton, Northamptonshire NN2 7LB2
£260K01/230.69 mi62, Greenview Drive, Northampton, West Northamptonshire NN2 7LJ2
£192K04/210.71 mi5, Wallace Road, Northampton, Northamptonshire NN2 7EE2
£168K09/230.71 mi6, Wallace Road, Northampton, West Northamptonshire NN2 7EE2

Local Rents

18 rents from £825/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05006/240.1 miReedway, NORTHAMPTON2
£2,50004/250.12 mi-2
£2,85004/250.12 mi-2
£1,20011/240.17 mi-2
£1,25004/250.17 mi-2
£95007/240.2 miStanton Avenue, Spinney Hill, Northampton, NN32
£1,10006/240.21 miWoodcote Avenue, Parklands, Northampton, NN32
£95004/250.24 mi-2
£1,00007/240.24 miDruids Way, Parklands - NN32
£1,20008/240.27 miCoppice Drive, Parklands, Northampton NN32
£1,05004/250.27 mi-2
£1,27508/240.3 miKettering Road, Spinney Hill, Northampton, NN32
£82506/240.36 miBirkdale Close, Northampton, NN22
£89506/240.47 miLaburnham Crescent, Spinney Hill, Northampton NN3 2LF2
£1,20008/240.53 miLorraine Crescent, Northampton, Northamptonshire, NN3 6HW2
£1,20008/240.53 miLorraine Crescent, Spinney Hill, Northampton, Northamptonshire, NN3 6HW2
£1,20007/240.54 miLorraine Crescent, Spinney Hill, Northampton NN3 6HW2
£1,20006/240.62 miKenmuir Crescent, NORTHAMPTON2

Local Area Statistics

Population in NN3

68,971

Population in Northampton

281,924

Town centre distance

1.95 miles away

Nearest school

0.10 miles away

Nearest train station

2.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £245,000

March 19, 2025

Floor Plans

Description

  • Two bedroom semi-detached bungalow +
  • Re-fited kitchen and bathroom +
  • Newly installed gas radiator heating +
  • Enclosed rear garden with outbuildings +
  • Off road parking and garage +
  • No onward chain +

Undergoing full renovation throughout is this two bedroom semi-detached bungalow, situated in a quiet location within Spinney Hill, close to plenty of local amenities and good local schooling to include Northampton School for Girls. Offered for sale with no onward chain, the accommodation comprises large entrance hall, sitting/dining room, refitted kitchen with integrated appliances, two double bedrooms and a refitted bathroom. Outside is a front garden with driveway providing off road parking for several vehicles leading to a garage and an enclosed private rear garden with newly laid patio and brick outbuildings. Further benefits include newly installed gas radiator heating and newly double glazed windows and doors. (A/591/M)

* TENURE - Freehold
* COUNCIL TAX BAND - C

Entrance Hall -

Sitting/Dining Room - 5.08m x 3.45m (16'8 x 11'4) -

Kitchen - 3.00m x 2.64m (9'10 x 8'8) -

Bedroom 1 - 3.61m x 3.45m (11'10 x 11'4) -

Bedroom 2 - 2.69m x 2.64m (8'10 x 8'8) -

Bathroom -

Agent Details

O'Riordan Bond, Parklands

01604 279114

Next Steps?

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