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Marefair, Northampton

East Midlands

£240,000
Listed on 14/04/2026

Property Details

Bedrooms
2
Type
Duplex
Area
1704 sqft

Description

This freehold property presents a compelling investment prospect in the bustling centre of Northampton. Currently configured with a sizeable retail unit on the ground floor, which includes two toilets at the rear, the property offers significant potential for generating both commercial and residential income streams. The upper levels could potentially be transformed into a two-bedroom duplex apartment, subject to obtaining the appropriate planning permissions. Preliminary renovation work has already commenced, providing new owners with a valuable starting point for further development. Located in a prime position within Northampton's town centre, this property appeals to developers, landlords, or those looking to occupy a mixed-use building with promising rental yields. Once fully finished and tenanted, annual income projections suggest returns between £35,000 and £40,000. This is an excellent chance to maximize a property’s value in one of Northampton's sought-after locations.

Investment Analysis

(NN1 area)

Below Market Value

This property is priced -39.3% below area average per sq ft

-39.3%
Potential saving
This Property
£141/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£210
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£434,955
10% above area average per sq ft
Potential ROI
+55.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NN1)

Area prices are falling by -2.3% over the last 12 months
3 year growth: -2.5%
5 year growth: +11.2%
Investment Disclaimer: Analysis based on NN1 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

Marefair, Northampton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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