Wellingborough, Northamptonshire

Property Highlights

• Three-bedroom mid-terrace well presented and maintained.
• Ground Floor: inner porch → hallway → cloakroom → kitchen/dining room (4.90 m × 2.00 m) with cooker and large walk‐in cupboard; lounge (3.50 m × 4.40 m) opening to the garden.
• First Floor: two double bedrooms: 3.50 × 1.78 m and 5.09 × 2.60 m; third bedroom adjacent to family bathroom (3.90 × 2.60 m).
• Bathroom: shower over bath (2.70 × 1.80 m).
• Key Specs: gas central heating; UPVC double glazing; fitted alarm system; flooring & decoration in excellent order.

Investor Benefits

Strong Rental Income & Yield

• At £935 pcm (£11,220 pa), this delivers roughly 6.2% gross yield.
• Local average asking rents in Wellingborough remain elevated, around £1,000 pcm or higher.

Capital Growth History

• NN8 area (Wellingborough) has seen 39% growth over the past 5 years to an average price of £265,483.
• The entire town of Wellingborough shows 26% growth over 5 years, and 4.3% in the last 12 months.
• Regional (East Midlands) capital growth over the past 20 years is estimated at 70%.
• Sales price data: terraced homes average £213,700; current Rightmove average Wellingborough sale price £260,100.

Exit Potential & Appreciation

• With a listing at £180,000, this sits below average recent terraced sale prices (£265K), offering room for negotiation and upside.
• As rental inflation continues (Zoopla projects 5% pa), and supply tightens post‐Section 21 abolition, demand may push both rents and values further.
• A modest 3–5% rent increase improves yield; capital value appreciation of 2–4% pa is realistic based on recent growth patterns.

Financial Summary

Why Invest in 74 Kestrel Lane?

• Immediate cashflow with tenant in situ and yield above typical high‐street returns.
• Long‐term capital appreciation backed by consistent growth in NN8 and Wellingborough generally.
• Well‐maintained, low‐risk asset with up‐to‐date heating, glazing, safety features.
• Ideal scale for buy‐to‐let portfolios or a first investment in the Midlands rental market.

Market Context (For Investor Reference)

• Average asking prices in Wellingborough peaked near £272k in mid‐2024, with sold prices around £238k on average.
• Rental prices have increased 19–24% since early 2021, with current average asks around £1,007 – £1,032 pcm.