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Westfield Street, Higham Ferrers, NN10 8AP - Image 1
Westfield Street, Higham Ferrers, NN10 8AP - Image 2

Westfield Street, Higham Ferrers, NN10 8AP

East Midlands

£190,000
Listed on 26/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
884 sqft

Description

This two-bedroom terrace home presents a solid investment opportunity for Buy To Let investors, as it is currently tenanted by long-standing occupants who have resided here for seven years, generating a monthly rental income of £795. The potential to negotiate terms for a new tenancy agreement enhances the appeal of this property for those looking to secure long-term returns. The internal layout includes a spacious lounge with a feature open fireplace, a dining room with ample storage, and a practical kitchen equipped with essential appliances and plumbing for laundry facilities. Additionally, the utility room adds functional space for household tasks. Upstairs, the property boasts two generously sized bedrooms, along with an extensive bathroom featuring both a panelled bath and a separate shower compartment. The loft space offers the exciting possibility of conversion into an additional room, subject to planning permissions, creating further value. Outside is a manageable rear garden along with a brick-built store and workshop that provides extra utility. This home is not just about immediate rental income; it also offers significant renovation potential to enhance its value in the future.

Investment Analysis

(NN10 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£215/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£260,700
10% above area average per sq ft
Potential ROI
+21.3%
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
21%
Properties sold annually

Local Market Trend (NN10)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 0.4%
5 year growth: 22.3%
Investment Disclaimer: Analysis based on NN10 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

Westfield Street, Higham Ferrers, NN10 8AP
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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