2 Bed Terraced House, Refurb/BRRR, Belper, DE56 1EJ, £150,000

Cemetery Road, Belper, DE56 1EJ - 2 views - 2 years ago

Refurb/BRRR
~68 m²
+9 photos

ValuationFair Value

Sold Prices£128.5K - £350K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£150,000

 

 

End Value (After Refurb)

£198,875

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,645

Bridging Loan Interest

£3,938

Total Cash In

£79,533

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,875

Mortgage (After Refinance)

£149,156

Mortgage LTV

75%

Cash Released

£36,656

Cash Left In

£42,876

Equity

£49,719

Rent Range

£595 - £1,025

Rent Estimate

£790

Running Costs/mo

£799

Cashflow/mo

£-9

Cashflow/yr

£-114

Gross Yield

6%

Local Sold Prices

50 sold prices from £128.5K to £350K, average is £202.5K. £1.7K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£189.9K03/210 mi47, Cemetery Road, Belper, Derbyshire DE56 1EJ2
£130K01/210.17 mi14, Swinney Lane, Belper, Derbyshire DE56 1EF2
£205K10/210.21 mi11, Ford Street, Belper, Derbyshire DE56 1DX2
£270K03/230.25 mi30, Bessalone Drive, Belper, Derbyshire DE56 1ES2
£299.9K11/220.25 mi20, Windmill Rise, Belper, Derbyshire DE56 1GQ2
£185K06/210.27 mi5, Charnwood Avenue, Belper, Derbyshire DE56 1EA2
£335K06/230.28 mi46, Windmill Lane, Belper, Derbyshire DE56 1GP2
£200K10/200.29 mi3, Wyver Lane, Belper, Derbyshire DE56 2UB2
£244.7K12/200.29 mi11a, Wyver Lane, Belper, Derbyshire DE56 2UB2
£187.5K01/210.33 mi3, The Scotches, Belper, Derbyshire DE56 2UE2
£220K07/230.34 mi56, Penn Street, Belper, Derbyshire DE56 1GH2
£191K03/230.34 mi31, Belper Lane, Belper, Derbyshire DE56 2UG2
£170K05/210.35 mi95, Marsh Lane, Belper, Derbyshire DE56 1GT2
£272.5K04/210.37 mi1, St Peters Close, Belper, Derbyshire DE56 1EB2
£252.5K03/230.4 mi1, Vicarage Close, Belper, Derbyshire DE56 1TB2
£350K07/230.4 mi3, Vicarage Close, Belper, Derbyshire DE56 1TB2
£255K11/200.41 miThe Nailmakers Cottage, Green Lane, Belper, Derbyshire DE56 1BY2
£275K03/230.41 mi16, Green Lane, Belper, Derbyshire DE56 1BY2
£158K01/210.43 mi12, Field Lane, Belper, Derbyshire DE56 1DE2
£135K04/230.43 mi58, High Street, Belper, Derbyshire DE56 1GF2
£310K11/210.45 mi72, Belper Lane, Belper, Derbyshire DE56 2UQ2
£325K11/200.45 miAnzio Cottage, 68, Belper Lane, Belper, Derbyshire DE56 2UQ2
£225K07/230.45 mi36, Spencer Road, Belper, Derbyshire DE56 1JY2
£250K11/220.45 mi58, Ladywood Avenue, Belper, Derbyshire DE56 1HT2
£275K03/230.46 mi9, Ladywood Avenue, Belper, Derbyshire DE56 1HS2
£220K12/220.47 mi7, Spencer Road, Belper, Derbyshire DE56 1JY2
£150K06/210.47 mi7, Lander Lane, Belper, Derbyshire DE56 1GE2
£177.5K07/230.5 mi6, Marsh Lane, Belper, Derbyshire DE56 1GS2
£215K12/220.52 mi58, Nottingham Road, Belper, Derbyshire DE56 1JH2
£182K02/210.52 mi11, Nottingham Road, Belper, Derbyshire DE56 1JG2
£235K04/210.52 mi52, Nottingham Road, Belper, Derbyshire DE56 1JG2
£170K10/210.52 mi3, Nottingham Road, Belper, Derbyshire DE56 1JG2
£147K08/210.53 mi76, Nottingham Road, Belper, Derbyshire DE56 1JH2
£220K03/230.53 mi76, Nottingham Road, Belper, Derbyshire DE56 1JH2
£140K10/200.53 mi101, Nottingham Road, Belper, Derbyshire DE56 1JH2
£168K11/210.54 mi11, Wellington Court, Belper, Derbyshire DE56 1UP2
£160K09/210.56 mi1, Parkside, Belper, Derbyshire DE56 1HY2
£143K06/210.56 mi5, Parkside, Belper, Derbyshire DE56 1HY2
£143K06/210.56 mi5, Parkside, Belper, Derbyshire DE56 1HY2
£239.9K02/230.56 mi51, Parkside, Belper, Derbyshire DE56 1HY2
£192K04/210.57 mi40, Deepdale Road, Belper, Derbyshire DE56 1HQ2
£172.5K11/210.57 mi98, Belper Lane, Belper, Derbyshire DE56 2UH2
£190K04/230.61 mi10, Belgrave Close, Belper, Derbyshire DE56 1TX2
£325K07/230.62 mi38, Dovedale Crescent, Belper, Derbyshire DE56 1HJ2
£128.5K04/210.64 mi35, Chapel Street, Belper, Derbyshire DE56 1AR2
£151.8K11/210.65 mi182, Nottingham Road, Belper, Derbyshire DE56 1JL2
£275K01/230.66 mi39, Lowlands Road, Belper, Derbyshire DE56 1HN2
£240K04/210.67 mi34, Oakhurst Close, Belper, Derbyshire DE56 2TR2
£265K03/230.67 mi3, Oakhurst Close, Belper, Derbyshire DE56 2TR2
£180K11/200.67 mi21, Mill Lane, Belper, Derbyshire DE56 1LG2

Local Rents

12 rents from £595/mo to £1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£77512/240.32 miThe Woodlands, The Orchard, Belper, Derbyshire, DE56 1DF2
£77512/240.35 miJaeger Close, BELPER2
£87503/250.45 mi-2
£87503/250.45 mi-2
£59512/240.54 miStrutt Street, Belper2
£65012/240.55 miKing Street, BELPER2
£77512/240.55 miBridge Street, Belper, DE562
£77512/240.55 mi-2
£79502/250.55 mi-2
£77512/240.56 mi-2
£79504/250.56 mi-2
£1,02502/250.56 mi-2

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.26 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £150,000

December 26, 2022

Floor Plans

Description

  • NO UPWARD CHAIN +
  • Two bedroom +
  • STONE COTTAGE +
  • Three Storey +
  • VIEWS TO THE REAR +
  • Modernisation required +
  • VIEWING ADVISED +

SUMMARY
A two bedroom, end of terrace, stone cottage. Set over three levels, the cottage has a utility room and bathroom to the ground floor, a kitchen and living room to the first floor, and two bedrooms to the upper floor. As well as on street parking and a rear garden. Viewing is strongly advised.

DESCRIPTION
Burchell Edwards are excited to offer to the market with no upward chain, this three storey, two bedroom, stone cottage. The property is situated in a highly sought after area and briefly comprises of: A utility room and bathroom to the ground floor, a kitchen and lounge diner to the first floor, and two well-proportioned bedrooms to the second floor, with the rear bedroom having stunning views. Externally the garden can be accessed from the utility room or a side access gate. The garden has a patio area for alfresco dining, a laid lawn, with planting beds housing mature shrubbery and trees.

Ground Floor Accommodation 

Utility Room 9' 6" Max into recess x 9' 6" ( 2.90m Max into recess x 2.90m )
Having a single glazed window to the rear elevation, rear wooden door, vinyl flooring and original sink.

Bathroom 
Having a curved ceiling with feature exposed brickwork, a bath with mixer taps, shower over, a W.C, a wash hand basin, an extractor, central heating boiler, a radiator, partly tiled walls, and tiled flooring.

Kitchen 10' 1" x 9' 6" Max into recess ( 3.07m x 2.90m Max into recess )
Having stairs coming up from the ground floor, rear elevation single glazed window, wall and base units with work surfaces over, sink and drainer unit, electric oven, electric hob and extractor hood over, tiled splashback and vinyl flooring.

Lounge 12' 6" Max into recess x 11' 9" ( 3.81m Max into recess x 3.58m )
Having a front elevation single glazed window, front elevation wooden door, storage cupboard built into the alcove as well as shelving, original fireplace, telephone point, TV point, a radiator and carpet flooring.

First Floor Landing 
Having stair coming up from the kitchen and having carpet flooring, loft access and access to both bedrooms.

Bedroom One 12' 6" Max into recess x 11' 11" ( 3.81m Max into recess x 3.63m )
Having a front elevation single glazed window, original fireplace, a radiator and carpet flooring.

Bedroom Two 10' x 9' 2" Max into recess ( 3.05m x 2.79m Max into recess )
Having rear elevation single glazed window with a view over the stunning countryside views, over stairs storage housing central heating boiler, a radiator and carpet flooring

Outside 
Externally the garden can be accessed from the utility room or a side access gate. The garden has a patio area for alfresco dining, a laid lawn, with planting beds housing mature shrubbery and trees.

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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