3-Bed BTL - Northamptonshire

Below Market Value Victorian Terrace | 3-Bed Value-Add Potential | £170k–£190k GDV | 29% ROCE

Property Details
• 2-bedroom end-of-terrace Victorian house
• Opportunity to reconfigure into a 3-bedroom property, increasing both rental income and GDV
• Approx. 84 m² (904 sq ft) internal floor area
• Standard brick construction
• 2 bathrooms
• EPC D, with a realistic route to C through cost-effective modernisation
• Freehold
• Excellent value-add Buy-to-Let refurbishment opportunity
• Gas central heating and double glazing
• Large rear garden with potential to enhance outdoor space
• Located close to Kettering town centre, train station, hospital and local amenities
• Ideal BRR (Buy, Refurbish, Refinance) or long-term income investment

Financials
• Target purchase price: £110,000
• Purchase costs: £10,850, including: SDLT: £5,500, legal fees: £2,000, sourcing fee: £3,000, insurance: £350
• Estimated refurbishment/conversion costs: £19,500
• Total project cost: £140,350
• Interest-only mortgage (5%): £531 pcm (£6,375 pa)
• Net cash flow: £318 pcm (£3,816 pa)
• Gross yield: 6.0%
• ROCE: 29%
• Estimated GDV after refurbishment: £170,000–£190,000, with potential for a higher valuation if successfully reconfigured into a compliant 3-bedroom home
• Estimated equity left in after refinance: £13,150

For further details or to invest please contact.