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Grove Street, Wellingborough

East Midlands

£185,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
968 sqft

Description

This three-bedroom terraced house offers a solid foundation for those looking to renovate or invest. Spanning approximately 968 square feet, the layout comprises two distinct reception rooms and a kitchen equipped with built-in appliances, providing ample space for reconfiguration or modernization. The property features a generously sized master bedroom, alongside two additional bedrooms that present versatile uses—ideal for family living, accommodating guests, or setting up a home office. While the interior could benefit from updates, it currently boasts uPVC double glazing, contributing to energy efficiency and comfort year-round. A significant advantage of this home is the new boiler installed in 2021, which includes a seven-year warranty and has been regularly serviced. This feature ensures reliability and reduces future maintenance concerns for potential homeowners or investors. The location enhances its appeal; situated near Wellingborough's town center, residents will enjoy convenient access to various shops, amenities, and public transport links. This proximity not only supports day-to-day living but also highlights the property's investment potential as an attractive rental option in a growing area. Overall, this property serves as a blank canvas awaiting personal touches and improvements. Whether you're entering the housing market for the first time or seeking a promising investment opportunity, this terraced house presents a compelling proposition worth exploring further.

Investment Analysis

(NN8 area)

Below Market Value

This property is priced -28.2% below area average per sq ft

-28.2%
Potential saving
This Property
£191/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£283,556
10% above area average per sq ft
Potential ROI
+35.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NN8)

Area prices are falling by +3.9% over the last 12 months
3 year growth: -2.2%
5 year growth: 22.0%
Investment Disclaimer: Analysis based on NN8 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

Grove Street, Wellingborough
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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
£678
Based on a loan of £138,750 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