2 Bed Flat, Single Let, Derby, DE23 6FR, £99,950

Lime Walk, Littleover, Derby, DE23 6FR - 3 views - 2 years ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£70K - £179K
Sold Prices/m²£1.2K/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£117,646
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Total Cash In

£29,186

 

 

Cash Out

 

Rent Range

£695 - £2,450

Rent Estimate

£713

Running Costs/mo

£475

Cashflow/mo

£238

Cashflow/yr

£2,857

ROI

10%

Gross Yield

9%

Local Sold Prices

25 sold prices from £70K to £179K, average is £122.5K. £1.2K/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£162.5K04/210.11 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.11 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.11 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.11 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.11 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.11 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170.5K09/220.12 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£100K11/210.22 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£122.5K08/210.26 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£95K10/210.3 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.3 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£80K02/230.32 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£95K03/210.36 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£179K05/210.58 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2
£125K12/200.61 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£83K07/220.73 mi52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ2
£90K01/230.76 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£86K08/220.76 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£121K10/210.77 mi39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF2
£70K11/200.78 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2
£109K10/220.82 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.82 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£124K03/210.83 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£136K06/210.84 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£130K08/210.95 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2

Local Rents

35 rents from £695/mo to £2.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£88604/240.02 miLittleover House, Derby - Fully Furnished 2
£85001/250.11 mi-2
£89503/240.11 miPriory Heights Court, Derby, Derbyshire, DE23 6AX2
£82503/240.15 miWade Street, Littleover, Derby2
£80003/240.16 miWade Avenue, Littleover2
£80012/240.21 miThe Brambles, Derby, DE23 6DJ2
£89503/240.22 miThe Brambles, Heath Avenue, Littleover, Derby2
£75003/250.27 mi-2
£75002/240.3 mi-2
£69502/240.31 mi-2
£77503/240.33 mi100 Whitaker Road, Derby, DE232
£89504/240.34 miBurton Road, Derby,2
£89504/240.34 miBurton Road, Derby,2
£85003/240.36 mi-2
£85012/240.36 miNamur Close2
£1,15011/240.43 mi-2
£75012/240.43 miSt. Albans Road, Derby2
£89512/240.44 mi-2
£90004/250.5 mi-2
£80012/240.55 mi-2
£75001/240.55 mi-2
£80001/250.55 mi-2
£70003/240.55 miBelvoir Street, Derby, Derbyshire2
£89504/240.56 miTaverners Crescent, Littleover, Derby, DE232
£1,14901/250.56 mi-2
£1,05001/250.56 mi-2
£1,15003/240.56 miElm House, Old Hall Avenue, Littleover, Derby2
£79512/240.57 mi-2
£76001/250.59 mi-2
£90012/240.59 mi-2
£1,15004/240.59 miWillson Road, Littleover, Derby2
£1,25012/240.6 mi-2
£1,25012/240.6 mi-2
£2,45001/250.6 mi-2
£77512/240.61 miStockbrook Road, Derby2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.26 miles away

Nearest school

0.30 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £99,950

April 5, 2023

Floor Plans

Description

  • Two double bedrooms +
  • Bathroom & En-suite +
  • Well presented +
  • Open plan living space +
  • Great transport links +
  • Close to local amenities +
  • Investment opportunity +

SUMMARY
An offer of £99,950 has now been accepted on this property. If you wish to make an offer, you have five days to do so from 27/8/24.

DESCRIPTION
We are pleased to bring to market this two bedroom flat in Littleover.
The accommodation comprises open living/kitchen area, two double bedrooms, one with an en-suite and family bathroom.
The flat is located on the second floor of the building.
The property is conveniently situated within close proximity of local amenities, a bus route and has access to great transport links.

Entrance Hall 
Carpeted flooring, one radiator, UPVC double glazed window to the side elevation, fitted boiler cupboard.

Lounge 17' 10" max x 18' 10" plus recess ( 5.44m max x 5.74m plus recess )
Carpeted flooring, two radiators, UPVC double glazed French doors to the rear opening onto a Juliet balcony, two UPVC double glazed windows in the recess to the front and rear elevations. Open into the kitchen.

Kitchen 9' 7" x 10' 4" ( 2.92m x 3.15m )
Vinyl flooring, matching wall and base units with tiled splashback, stainless steel sink and drainer with mixer tap, integral electric oven, fridge, freezer and dishwasher, four ring gas hob with extractor fan above, space for a washing machine, breakfast bar.

Bedroom One 11' 3" x 12' 1" ( 3.43m x 3.68m )
Carpeted flooring, one radiator, UPVC double glazed window to the side elevation, built in storage cupboard, door to the en-suite.

En-Suite 
Vinyl flooring, tiled walls, shower cubicle, WC, sink with taps, UPVC double glazed frosted window to the side elevation.

Bedroom Two 10' x 12' 1" plus bay ( 3.05m x 3.68m plus bay )
Carpeted flooring, one radiator, UPVC double glazed bay window to the side elevation.

Bathroom 
Vinyl flooring, tiled walls, WC, bath with overhead shower, pedestal sink with taps, heated towel rail, UPVC double glazed frosted window to the side elevation.

Tenure Information 
This information is still being compiled. Please contact the office regarding this.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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: Connells 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: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Hall & Benson, Allestree

01332 215559

Next Steps?

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