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13 Hartwell Road, Roade, NN7 - Image 1
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13 Hartwell Road, Roade, NN7

East Midlands

£275,000
Listed on 13/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is an exceptional opportunity to acquire a building plot in the heart of Roade, where you can create a customized family residence. The plot spans approximately 310 square meters (3,336 square feet) and comes with full planning permission granted by West Northants Council under reference 2024/1544/FULL. The flat terrain makes for straightforward construction, and all essential services are conveniently located nearby. Roade is strategically positioned along the A508, providing easy access to Northampton and Milton Keynes. Located just 2 miles from Junction 15 of the M1, this area is also well-connected by rail services available from nearby Northampton and Milton Keynes, facilitating efficient commutes to London Euston. The local infrastructure includes a range of amenities such as shops, a post office, a pharmacy, a medical surgery, and both primary and secondary schools. With its charming village atmosphere and improved transport links due to the recently constructed bypass, Roade has become increasingly desirable for families and investors alike. Nearby recreational opportunities abound, including golf courses at Collingtree and Silverstone, scenic walks at Salcey Forest, water sports at Pitsford Reservoir, and world-class motor racing events at the Silverstone Circuit. This plot presents potential investors with significant upside through its approved plans for a spacious family home featuring five or six bedrooms across three floors. Proposed amenities include four bathrooms, an expansive kitchen suitable for modern living, multiple reception areas, a driveway leading to a double garage, and private gardens. It is important to note that the site will be subject to a Community Infrastructure Levy (CIL), calculated at £281.18 per square meter—totaling approximately £87,165 for this plot. However, there may be an opportunity for self-build exemption if the owner resides in the property for at least three years; prospective buyers should verify details with local authorities. Additionally, plans are in place for a new access road connecting Hartwell Road to enhance accessibility further—costs related to this improvement will be shared proportionally between both plots. This building plot not only offers immediate construction possibilities but also represents an investment in a growing community with strong rental demand and future development potential. Those interested are encouraged to conduct their due diligence on site services and council regulations before proceeding with any commitments.

Investment Analysis

(NN7 area)
Area Average
£331/sq ft
Avg Rent (weekly)
£334
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£750,000 - £950,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NN7)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -2.8%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on NN7 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

13 Hartwell Road, Roade, NN7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 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