Sold STC Flat

FLAT 5

SPENCER WAREHOUSE, 22 - 28, SPENCER ROAD, NORTHAMPTON, WEST NORTHAMPTONSHIRE NN1 3LR

2 beds 2 baths 1,033 sq ft Listed 8 Jun 2023 (-1138d)

£230,000

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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

Offered for sale with no onward chain is this incredibly spacious, factory style second floor apartment, situated just a short walk to Northampton Town Centre, which provides easy access to the train station. The property benefits from character features including exposed brickwork, oak beams, and squeeze box radiators. Further benefits include secure gated parking and a communal roof top garden. On entering the property, there is a security phone entry system and stairs rising to all floors. On entering the property, there is an entrance hall with doors leading through to all rooms and access to the spacious open plan living area boasting an abundance of light through the Georgian style windows. There is a fitted kitchen with ample cupboard space and a matching island, an inset gas hob and built under electric oven, space and plumbing for a washing machine and dishwasher. There are two double bedrooms, with the master bedroom benefiting from an ensuite shower room and a separate bathroom with a three piece suite. Viewings are highly recommended to appreciate this stunning loft apartment.

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

Current heating cost: £837/year

Potential heating cost: £837/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

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).

5y growth -1.9%
10y growth -5%

House Price Index (HM Land Registry — official index, not sold-price averages): West Northamptonshire. Series: Flats and maisonettes. As of April 2026.

1y (index) -3.1%
5y (index) 3.7%
10y (index) 22.9%

Rental Range

Estimated market rent for West Northamptonshire. Low = conservative, Realistic = average, Optimistic = best case.

Low £965/mo
Realistic £1,072/mo
Optimistic £1,179/mo

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 0.52%
Max investor price (0.8%) £150,000
Target investor price (1%) £120,000
Gross yield 6.3%
Cost-to-rent ratio 16×
Monthly cashflow £149/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 2.7%
  • 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).