FLAT 5
SPENCER WAREHOUSE, 22 - 28, SPENCER ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE NN1 3LR
£230,000
Property details
Tenure
SHARE_OF_FREEHOLD
Floor area
96 m²
Council tax band
E
EPC rating
C
Year built
England and Wales: 1996-2002
Last sold
£215,000 Nov 2023
Price per m²
£2,396/m²
Local average
£128,871 (+78.5%)
Deprivation
Decile 3 (9,667 of 33,755)
Street crime
1063 incidents within 1 mile (May 2026)
Key features
- EPC Rating C
- Council Tax Band E
- Factory Loft Conversion
- Two Double Bedrooms
- Second Floor
- Exposed Brickwork
- Exposed Beams
- Communal Roof Top Garden
- Town Centre Location
- Secure Parking
Additional details
- Parking
- Yes
- Garden
- Yes
Description
We are advised that the leasehold information is as follows:
Lease - 125 Years from 29th September 1998
Service Charge - £900 per annum.
Ground Rent - £100 per annum.
This information should be verified by your chosen legal representative prior to the exchange of contracts.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
QNT230280/2
Listed by
Northampton
YOUR MOVE Nolan Throw
Reference: 135842750
EPC Rating & Upgrade Cost
Current rating: C
Potential rating: C
Inspection date: 19/06/2023
Expiry date: 18/06/2033
Flood risk
Zone: 1
Risk: Low
Job (default Low)
Price history
| Event | Date | Price | % change |
|---|---|---|---|
| Sold | 01/11/2023 (2 years ago) | £215,000 | — |
Source: HM Land Registry Price Paid Data. Crown copyright.
Sold Comparables
Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.
| Address | Price | Date | Type |
|---|---|---|---|
| 85 EXETER PLACE, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 4DQ | £133,000 | 28/01/2025 | Flat |
| 78 FLAT 15 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £164,000 | 27/10/2023 | Flat |
| 78 FLAT 1 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £170,000 | 06/06/2023 | Flat |
| 51 - 53 FLAT 2 SHAKESPEARE ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QG | £115,000 | 09/05/2023 | Flat |
| GROVE WORKS, 74 FLAT 8 CLARE STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LS | £147,000 | 06/03/2023 | Flat |
| THE PLAZA, 4 FLAT 8 GROVE ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LG | £158,000 | 16/12/2022 | Flat |
| 78 FLAT 2 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £160,000 | 11/11/2022 | Flat |
| 78 FLAT 3 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £170,000 | 28/10/2022 | Flat |
| Same street SPENCER WAREHOUSE, 22 - 28 FLAT 4 SPENCER ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LR | £235,000 | 30/09/2022 | Flat |
| THE PLAZA, 4 FLAT 15 GROVE ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LG | £126,000 | 29/09/2022 | Flat |
| Same street SPENCER WAREHOUSE, 22 - 28 FLAT 2 SPENCER ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LR | £210,000 | 14/09/2022 | Flat |
| 78 FLAT 18 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £130,000 | 09/09/2022 | Flat |
| GROVE WORKS, 74 FLAT 14 CLARE STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LS | £250,000 | 15/08/2022 | Flat |
| 78 FLAT 8 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £180,000 | 09/08/2022 | Flat |
| GROVE WORKS, 74 FLAT 15 CLARE STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LS | £190,000 | 20/05/2022 | Flat |
| GROVE WORKS, 40 FLAT 21 GROVE ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LT | £190,000 | 22/04/2022 | Flat |
| 78 FLAT 1 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £174,000 | 28/03/2022 | Flat |
| Same street 12 SPENCER ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LR | £178,500 | 18/03/2022 | Terraced |
| GROVE WORKS, 40 FLAT 18 GROVE ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LT | £193,000 | 25/02/2022 | Flat |
| 78 FLAT 11 COWPER STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3QR | £125,000 | 14/02/2022 | Flat |
| Same street 6 SPENCER ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LR | £150,000 | 07/02/2022 | Terraced |
| THE PLAZA, 4 FLAT 11 GROVE ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3LG | £155,000 | 11/01/2022 | Flat |
| EATON HOUSE, 141 FLAT 4 CLARE STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3JA | £183,500 | 26/11/2021 | Flat |
| EATON HOUSE, 141 FLAT 5 CLARE STREET, NORTHAMPTON, WEST NORTHAMPTONSHIRE, NN1 3JA | £172,500 | 19/11/2021 | Flat |
Street average: £193,375 (4 sales)
Area average: £164,300 (20 sales)
Capital growth trend
Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).
House Price Index (HM Land Registry — official index, not sold-price averages): West Northamptonshire. Series: Flats and maisonettes. As of April 2026.
Rental Range
Estimated market rent for West Northamptonshire. Low = conservative, Realistic = average, Optimistic = best case.
Based on Local Authority from postcode lookup → West Northamptonshire.
LHA (30th percentile) floor for Northampton: £748/mo (Apr 2025 – Mar 2026)
Location
Address
Spencer Road
Nearby
Nearest stations, universities and amenities (distance from property).
| Type | Name | Distance |
|---|---|---|
| Shop | Alam Supermarket | 0.0 miles |
| Shop | Rajon | 0.1 miles |
| Bus stop | Unknown | 0.1 miles |
| University | University of Northampton St Georges Avenue | 0.6 miles |
| Hospital | St Matthews Hospital | 0.6 miles |
| University | University of Northampton - School of Podiatry | 0.6 miles |
| Train station | Northampton | 1.0 miles |
| Hospital | Manfield Health Campus | 1.7 miles |
| Train station | Boughton | 3.0 miles |
Street-level crime
| Category | Count |
|---|---|
| Violence and sexual offences | 331 |
| Anti-social behaviour | 279 |
| Other theft | 71 |
| Public order | 64 |
| Shoplifting | 59 |
| Drugs | 53 |
| Vehicle crime | 49 |
| Criminal damage and arson | 47 |
| Burglary | 39 |
| Robbery | 23 |
| Other crime | 15 |
| Possession of weapons | 13 |
| Bicycle theft | 10 |
| Theft from the person | 10 |
| Total incidents | 1063 |
Within 1 mile during May 2026. Source: data.police.uk (England & Wales).
Schools nearby
Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.
| Name | Type | Distance | Ofsted |
|---|---|---|---|
| The CE Academy | Other | 0.3 miles | Inadequate — 6 Sep 2021 |
| Stimpson Avenue Academy | Primary | 0.4 miles | Good — 19 Sep 2023 |
| Progress Schools - Northamptonshire | Other | 0.4 miles | Requires improvement — 1 May 2024 |
| Vernon Terrace Primary School | Primary | 0.4 miles | Good — 26 Jan 2023 |
| Barry Primary School | Primary | 0.5 miles | Good — 22 Jun 2023 |
Rental Comparables
Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.
| Title | Rent | Beds | Distance | As seen on |
|---|---|---|---|---|
| 2 Bed Terraced House, Poole St, NN1 | £1,200/mo | 2 | 0.26 miles | OpenRent |
Average rent: £1,200/mo (1 listing)
Rent-driven metrics
Based on OpenRent comparables.
- Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
- Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
- Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
- Gross yield — Annual rent as % of purchase price (no costs).
- Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
- Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
- ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).