3 Bed Terraced House, Refurb/BRRR, Belper, DE56 1DP, £300,000

Joseph Street, Belper, DE56 1DP - 3 years ago

Refurb/BRRR
Planning
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£149K - £503K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£245,814

 

 

End Value (After Refurb)

£263,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£37,747

Bridging Loan Interest

£7,875

Total Cash In

£141,072

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£263,750

Mortgage (After Refinance)

£197,813

Mortgage LTV

75%

Cash Left In

£141,072

Equity

£65,938

Rent Range

£760 - £1,200

Rent Estimate

£938

Running Costs/mo

£1,032

Cashflow/mo

£-94

Cashflow/yr

£-1,126

Gross Yield

4%

Local Sold Prices

50 sold prices from £149K to £503K, average is £268.8K. £1.5K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£320K03/210 mi3, Joseph Street, Belper, Derbyshire DE56 1DP3
£288K02/210.03 mi18, George Street, Belper, Derbyshire DE56 1DL3
£304.3K12/200.03 mi11, George Street, Belper, Derbyshire DE56 1DL3
£315K06/210.06 mi40, Long Row, Belper, Derbyshire DE56 1DS3
£323.5K12/200.06 mi34, Long Row, Belper, Derbyshire DE56 1DS3
£340K06/230.09 mi74, Long Row, Belper, Derbyshire DE56 1DR3
£188K10/200.14 mi7, Green Lane, Belper, Derbyshire DE56 1BY3
£185K09/210.14 mi21, Green Lane, Belper, Derbyshire DE56 1BY3
£295K06/210.16 mi17, Albert Street, Belper, Derbyshire DE56 1DA3
£350K01/230.16 mi14, Albert Street, Belper, Derbyshire DE56 1DA3
£225K01/230.18 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£285K02/210.19 mi6, Chevin View, Belper, Derbyshire DE56 1BB3
£234K03/210.2 mi5, Mill View, Belper, Derbyshire DE56 1FE3
£232K02/230.23 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£325K05/210.24 mi10, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£350K03/210.24 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£330K06/230.26 mi4, Church View, Belper, Derbyshire DE56 1JB3
£300K12/220.26 mi6, Church View, Belper, Derbyshire DE56 1JB3
£150K12/200.27 mi8, Birch Vale, Belper, Derbyshire DE56 1BR3
£188K08/210.29 mi25, High Street, Belper, Derbyshire DE56 1GF3
£210K06/230.29 mi18, High Street, Belper, Derbyshire DE56 1GF3
£191K11/200.29 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.29 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£157K09/210.3 mi39, Chapel Street, Belper, Derbyshire DE56 1AR3
£215K12/220.3 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£200K10/210.31 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£365K12/200.32 mi22, The Butts, Belper, Derbyshire DE56 1HX3
£224.4K12/210.33 mi16, St Johns Road, Belper, Derbyshire DE56 1JE3
£310K07/230.33 mi22, St Johns Road, Belper, Derbyshire DE56 1JE3
£149K10/200.33 mi10, St Johns Road, Belper, Derbyshire DE56 1JE3
£238K05/230.34 mi15, Brookside, Belper, Derbyshire DE56 1UR3
£215K03/230.4 mi1, Nottingham Road, Belper, Derbyshire DE56 1JG3
£193K12/200.41 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£295K09/210.41 mi81, Parkside, Belper, Derbyshire DE56 1HY3
£425K12/200.41 mi32, Lodge Drive, Belper, Derbyshire DE56 2TP3
£210K08/210.43 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£430K02/210.43 mi11, Belper Lane, Belper, Derbyshire DE56 2UG3
£318K02/210.45 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.45 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.45 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.46 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£450K02/230.46 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£280K02/210.47 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£252K03/230.47 mi20, Leighton Way, Belper, Derbyshire DE56 1SX3
£335K12/220.48 mi27, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ3
£280K10/210.48 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£257.5K04/210.48 mi7, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ3
£225K10/200.49 mi32, The Fleet, Belper, Derbyshire DE56 1NU3
£225K01/230.5 mi139, Nottingham Road, Belper, Derbyshire DE56 1JH3
£250K03/230.5 mi86, Nottingham Road, Belper, Derbyshire DE56 1JH3

Local Rents

12 rents from £760/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,00012/240.14 miGreen Lane, Belper, Derbyshire, DE563
£95012/240.14 miGreen Lane, Belper, Derby3
£90012/240.19 miChesterfield Road, Belper, Derbyshire, DE563
£85012/240.32 miQueen Street, Belper3
£89512/240.4 miWindmill Lane, Belper3
£90012/240.56 miMarsh Lane, Belper, Derbyshire, DE563
£90012/240.61 miAlder Road, BELPER3
£76009/230.66 mi-3
£89512/240.81 miSycamore Croft, Belper3
£80012/240.88 miFar Laund, Belper3
£1,20001/250.93 mi-3
£1,20012/240.94 miClan Drive, Belper, Derby, DE56 1RB3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £300,000

December 26, 2024

Listed for £325,000

May 13, 2022

Floor Plans

Description

  • NO UPWARD CHAIN +
  • Cluster house +
  • RECENTLY EXTENSIVELY RENOVATED +
  • Spacious/lounge diner +
  • CHARACTER FEATURES +
  • Private south facing fore garden +
  • VIEWING ADVISED +

SUMMARY
A character property, offering three bedrooms, a spacious living room/diner, a breakfast kitchen, with a family bathroom to the first floor, and a private south facing fore garden. Viewing is advised.

DESCRIPTION
Burchell Edwards are excited to offer to the market this delightful three bedroom cluster house WITH NO UPWARD CHAIN which is situated on a sought after street in Belper, these cottages form part of the history of the town. The property has been recently renovated throughout with no expense spared, and keeps the character of the property at the heart of the renovation. This cluster house offers: a living room/diner with an open fire place, a fitted breakfast kitchen, an entrance porch, an outhouse, and two store rooms/utility areas. To the first floor, we find two well-proportioned bedrooms and the family bathroom. On the third floor is the largest of the three bedrooms. Externally the property boasts a private south facing fore garden, enclosed with walled boundaries and mature shrubbery. There is a Yorkshire stone patio area which keeps with the character of the property, and provides an ideal spot for alfresco dining. A viewing of this home is highly recommended in order to fully appreciate the accommodation on offer.

Living Room/ Diner 13' 9" max into recess x 12' 9" ( 4.19m max into recess x 3.89m )
Having a front elevation wooden door, a front elevation leaded sash window, a stone fireplace with a multi-fuel burning stove which has been installed to HETAS regulations, original exposed beam work, exposed flooring, a television and telephone point, and a column radiator.

Breakfast Kitchen 11' 3" x 10' 2" ( 3.43m x 3.10m )
Having a front elevation stable door, two side elevation double glazed windows and a front elevation leaded sash window the kitchen comprises of: Country style base units and shelving storage, an under stairs storage cupboard/pantry, wooden work surfaces, exposed brickwork, original exposed beam work, a Belfast style sink/drainer, plumbing for a washing machine and a dishwasher, a column radiator, and stone flooring.

Entrance Porch 
With a side elevation door leading to the fore garden, the porch grants access to a storage area, the outhouse, and the breakfast kitchen.

Outhouse 
Being fitted with a further W.C, storage and recently fitted windows. Subject to planning permission, this space also offers a potential development opportunity to add an additional room/study/utility to the property.

Store Rooms / Utility Areas 
The main outbuilding accessed directly from the fore garden boasts a side elevation door and window, as well as power and lighting. With the smaller of the two offering a great storage option with built in shelving.

Landing 
With stairs rising from the ground floor the landing grants access to two bedrooms and the family bathroom.

Bedroom 1 12' 10" x 10' 2" ( 3.91m x 3.10m )
Having a front elevation leaded sash window, exposed beam work, a column radiator, and exposed flooring.

Bedroom 2 12' 9" x 9' 1" Max into recess ( 3.89m x 2.77m Max into recess )
Having a front elevation leaded sash window, an open stone fireplace with a wood burning stove which has been installed to HETAS regulations, exposed beam work, exposed flooring, and a column radiator.

Family Bathroom 8' 1" x 6' 7" ( 2.46m x 2.01m )
Having a front elevation leaded sash window, the bathroom comprises of: A slipper style bath with a thermostatic shower over, a W.C, a Wash Hand Basin, an extractor fan, exposed beam work, a column radiator with a heated towel rail, partly tiled walls, and tiled flooring.

Landing 
A further staircase leads to the second floor and grants access to the third bedroom

Bedroom 3 17' 4" x 12' 11" Max into recess ( 5.28m x 3.94m Max into recess )
Having casement windows as well as an additional Velux window, exposed beam work, exposed flooring, and a column radiator.

Outside 
Externally the property boasts a private south facing fore garden, enclosed with walled boundaries and mature shrubbery. There is a Yorkshire stone patio area which keeps with the character of the property, and provides an ideal spot for alfresco dining.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Burchell Edwards, Belper

01773 302204

Next Steps?

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