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Victoria Street, Desborough, Kettering - Image 1
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Victoria Street, Desborough, Kettering

East Midlands

£190,000
Listed on 09/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique renovation and investment opportunity, featuring an existing church structure with a substantial footprint of approximately 2,850 square feet. While the building currently requires significant repair or potential demolition, its location adjacent to the town center positions it as an attractive site for redevelopment, subject to obtaining the necessary planning permissions. The surrounding area benefits from proximity to local amenities, making it an ideal candidate for various development possibilities. Investors and developers may envision transforming this space into residential units, commercial establishments, or a mix of uses that cater to community needs. Given the current condition of the property, prospective buyers are encouraged to assess their options thoroughly and consider conducting independent surveys or inspections to evaluate potential renovations or rebuilding plans. The inherent value lies in the site's strategic location and development potential within a vibrant urban setting.

Investment Analysis

(NN14 area)
Area Average
£279/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NN14)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -1.2%
5 year growth: 14.3%
Investment Disclaimer: Analysis based on NN14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Victoria Street, Desborough, Kettering
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE