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Rockingham Road, Corby

East Midlands

£190,000
Listed on 19/06/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
673 sqft

Description

This three-bedroom terraced home offers significant renovation and investment potential, positioned in the sought-after Lloyds area of Corby. Its proximity to schools, shopping facilities, and public transport, including nearby train access, makes it an attractive option for families and investors alike. The property features a functional layout beginning with an entrance hall that leads into a cozy lounge area. The lounge is equipped with under-stairs storage, providing practical space utilization. Adjacent to this is the kitchen, which includes base and eye-level units along with essential amenities such as space for a gas cooker and washer. Although the kitchen may benefit from modernization, it presents an opportunity for custom renovations to enhance functionality and style. The bathroom is fitted with a three-piece suite and has potential for upgrades that could drastically improve both its aesthetic appeal and value. The first floor accommodates three well-sized bedrooms; while some may require updates to fixtures or finishes, they offer a solid foundation for creating comfortable private spaces. Externally, the property boasts a driveway that can accommodate multiple vehicles—a convenience not always found in similar homes in the area. The rear garden features a patio area leading to a generously sized lawn, which is enclosed for privacy. This outdoor space not only provides room for landscaping projects but also has the potential for expansion or outdoor entertaining areas. Overall, this property represents a solid investment opportunity given its location and scope for improvement. With thoughtful renovations, you could increase both living comfort and market value in this desirable neighborhood. An early viewing is advisable to fully appreciate the possibilities this home presents.

Investment Analysis

(NN17 area)

Above Market Value

This property is priced +4.4% above area average per sq ft

+4.4%
This Property
£282/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£200,214
10% above area average per sq ft
Potential ROI
-9.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NN17)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 3.6%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on NN17 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

Rockingham Road, Corby
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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
£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