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The Promenade, Wellingborough, NN8 - Image 1
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The Promenade, Wellingborough, NN8

East Midlands

£950,000
Listed on 31/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4515 sqft

Description

This impressive Victorian residence, set within approximately 0.6 acres of gated grounds, offers a unique opportunity to invest in a property with significant historical character. The home is rich in original features dating back to its construction around 1890, including intricate brick and ironstone detailing, Minton tiled flooring, and elegant stained glass windows. While the property currently boasts expansive living spaces across three storeys—including six double bedrooms and multiple reception areas—it is in need of comprehensive updating throughout. This creates an ideal canvas for new owners looking to preserve its heritage while modernizing it for contemporary living. Additionally, planning permission has been secured for building a new six-bedroom detached dwelling on the grounds, adding further investment potential. The ornate entrance leads into a grand reception hall that sets the tone for the spacious layout ahead. This home not only provides ample family accommodation but also extends possibilities for development with additional plans approved to enhance the property. The appealing location in Wellingborough, close to local amenities and transport links, enhances its attractiveness as a long-term investment. With excellent access to nearby countryside walks and leisure activities, this property stands out as an opportunity to create a distinguished family home within a desirable locale.

Investment Analysis

(NN8 area)

Below Market Value

This property is priced -21.8% below area average per sq ft

-21.8%
Potential saving
This Property
£210/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,336,733
10% above area average per sq ft
Potential ROI
+21.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (NN8)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -6.6%
5 year growth: +21.0%
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

The Promenade, Wellingborough, NN8
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,426
Based on a loan of £712,500 over 30 years at 4.06% 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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