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Reedway, Spinney Hill, Northampton NN3 - Image 1

Reedway, Spinney Hill, Northampton NN3

East Midlands

£160,000
Listed on 31/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
560 sqft

Description

This two-bedroom semi-detached bungalow is located in the tranquil area of Spinney Hill, presenting a significant opportunity for cash buyers looking to create their ideal home. The property requires comprehensive modernization, making it an attractive investment for those willing to undertake renovations. The layout includes an entrance hall, a sitting room, a kitchen, two bedrooms, and a bathroom. Externally, there is a front garden along with side access leading to a private rear garden that features a patio area. Notable amenities include uPVC double glazing and gas central heating. With no onward chain, this property provides a blank canvas for refurbishment.

Investment Analysis

(NN3 area)

Below Market Value

This property is priced -3.4% below area average per sq ft

-3.4%
Potential saving
This Property
£286/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£264
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£182,151
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
67%
Properties sold annually

Local Market Trend (NN3)

Area prices are rising by +4.6% over the last 12 months
3 year growth: +0.5%
5 year growth: +17.5%
Investment Disclaimer: Analysis based on NN3 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

Reedway, Spinney Hill, Northampton NN3
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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
£577
Based on a loan of £120,000 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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