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Freehold Street, Northampton

East Midlands

£215,000
Listed on 25/07/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1098 sqft

Description

This property presents an intriguing opportunity for investors and developers, particularly those looking to capitalize on its renovation potential. Originally designed as a five-bedroom house in multiple occupation (HMO), it offers a layout that is both spacious and adaptable, ideal for modern reconfiguration. Located in a desirable area with robust rental demand, the property is positioned to attract consistent interest from future tenants or buyers. While it requires modernization, the generous room sizes provide a strong foundation for creative transformation. Whether you choose to restore it as an HMO—subject to necessary planning permissions—or convert it into an expansive family residence, the possibilities are extensive. With a prudent approach and vision, this property could be significantly enhanced to create value. For those seeking a project with promising returns, this offering merits serious consideration.

Investment Analysis

(NN2 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£196/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£257
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£341,083
10% above area average per sq ft
Potential ROI
+33.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NN2)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -6.6%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on NN2 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

Freehold Street, Northampton
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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
£788
Based on a loan of £161,250 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