4 Bed Detached House, Refurb/BRRR, Belper, DE56 1ET, £340,000

4 Laund Close, Belper, Derbyshire, DE56 1ET - 3 views - 2 years ago

Refurb/BRRR
109 m²
+12 photos

ValuationOvervalued

Sold Prices£129.5K - £785K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

109 m²
Price/m²£3.1K/m²

Value Estimate

£263,500

 

 

End Value (After Refurb)

£324,798

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£44,241

Bridging Loan Interest

£8,925

Total Cash In

£155,816

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£324,798

Mortgage (After Refinance)

£243,598

Mortgage LTV

75%

Cash Left In

£155,816

Equity

£81,199

Rent Range

£760 - £1,200

Rent Estimate

£939

Running Costs/mo

£1,223

Cashflow/mo

£-284

Cashflow/yr

£-3,406

Gross Yield

3%

Local Sold Prices

50 sold prices from £129.5K to £785K, average is £335K. £1.4K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£310K07/210.04 mi4, Laund Close, Belper, Derbyshire DE56 1ET4
£235K09/210.13 mi25, Coronation Avenue, Belper, Derbyshire DE56 1ER4
£320K01/210.18 mi16, Orton Way, Belper, Derbyshire DE56 1UB4
£550K02/230.18 mi14a, Laund Nook, Belper, Derbyshire DE56 1GY4
£295K06/230.21 mi4, Litton Close, Belper, Derbyshire DE56 1EW4
£248K04/210.23 mi4, Calver Close, Belper, Derbyshire DE56 1TS4
£340K07/210.25 mi26, Ladywood Avenue, Belper, Derbyshire DE56 1HS4
£359.9K12/210.33 mi29, Bobbin Way, Belper, Derbyshire DE56 0GX4
£335K12/220.33 mi1, Kingswood Avenue, Belper, Derbyshire DE56 1TU4
£310K01/210.36 mi5, Pilsley Close, Belper, Derbyshire DE56 1TD4
£312K05/210.36 mi5, Pilsley Close, Belper, Derbyshire DE56 1TD4
£186.5K11/200.37 mi60, Acorn Drive, Belper, Derbyshire DE56 1EL4
£400K04/230.37 mi8, Merlin Close, Belper, Derbyshire DE56 0QL4
£370K08/210.38 mi75, Edensor Drive, Belper, Derbyshire DE56 1TL4
£129.5K01/210.39 mi79, Wheeldon Avenue, Belper, Derbyshire DE56 1GX4
£353K06/230.4 mi23, Gregorys Way, Belper, Derbyshire DE56 0HS4
£390K03/210.4 mi5, Gregorys Way, Belper, Derbyshire DE56 0HS4
£305K05/210.4 mi32, Gregorys Way, Belper, Derbyshire DE56 0HS4
£358.5K12/220.45 mi22, Beeley Close, Belper, Derbyshire DE56 1TY4
£355K05/230.45 mi7, Beeley Close, Belper, Derbyshire DE56 1TY4
£365K01/230.46 mi23, Arkwright Avenue, Belper, Derbyshire DE56 0HY4
£355K12/220.46 mi17, Gregorys Way, Belper, Derbyshire DE56 0HS4
£321.5K12/200.47 mi24, Spencer Road, Belper, Derbyshire DE56 1JY4
£330K08/210.47 mi36, Arkwright Avenue, Belper, Derbyshire DE56 0HY4
£390K09/210.5 mi2, Davenport Drive, Belper, Derbyshire DE56 0AD4
£335.9K09/210.55 mi10, Springwood Gardens, Belper, Derbyshire DE56 1JR4
£315K12/210.6 mi33, Stanton Avenue, Belper, Derbyshire DE56 1EE4
£345K12/200.6 mi15, Stanton Avenue, Belper, Derbyshire DE56 1EE4
£289.9K05/210.6 mi5, Primary Close, Belper, Derbyshire DE56 1FU4
£335K05/210.67 mi19, St Laurence Gardens, Belper, Derbyshire DE56 1HH4
£300K12/200.67 mi18, St Laurence Gardens, Belper, Derbyshire DE56 1HH4
£300K02/230.67 mi28, Parkside, Belper, Derbyshire DE56 1HY4
£435K04/230.73 mi21, Albert Street, Belper, Derbyshire DE56 1DA4
£525K05/230.74 mi29, Mill Lane, Belper, Derbyshire DE56 1LG4
£389.9K03/210.74 mi9, Lodge Drive, Belper, Derbyshire DE56 2TP4
£297.5K05/210.74 mi30, Lodge Drive, Belper, Derbyshire DE56 2TP4
£307K03/210.75 mi33, Sherbourne Drive, Belper, Derbyshire DE56 0FD4
£337.5K12/200.75 mi41, Sherbourne Drive, Belper, Derbyshire DE56 0FD4
£409K06/210.75 mi14, Sherbourne Drive, Belper, Derbyshire DE56 0FD4
£442.5K02/210.82 mi45, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ4
£325K06/210.82 mi234, John O'gaunts Way, Belper, Derbyshire DE56 0DF4
£275K06/210.84 mi35, Pinewood Road, Belper, Derbyshire DE56 2TS4
£605K10/200.84 miThe Granary, Lodge Court, Jacksons Lane, Heage, Belper, Derbyshire DE56 2AA4
£300K12/200.91 mi14b, Knowl Avenue, Belper, Derbyshire DE56 2TL4
£322K12/200.91 mi15, Ashop Road, Belper, Derbyshire DE56 0DP4
£352K01/230.92 mi5, Milldale Court, Belper, Derbyshire DE56 1RP4
£397.5K12/220.94 mi4, Scott Drive, Belper, Derbyshire DE56 0JG4
£785K03/230.94 miFarnah View, Queens Drive, Belper, Derbyshire DE56 2TJ4
£287.5K06/210.97 mi11, Ashton Way, Belper, Derbyshire DE56 0EX4
£242K02/210.97 mi67, Yardley Way, Belper, Derbyshire DE56 0ES4

Local Rents

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

RentDateDistanceAddressBeds 
£76009/230.2 mi-3
£80012/240.23 miFar Laund, Belper3
£89512/240.33 miWindmill Lane, Belper3
£90012/240.39 miMarsh Lane, Belper, Derbyshire, DE563
£1,20012/240.41 miNorbury Way, Belper, Derbyshire, DE564
£90012/240.53 miChesterfield Road, Belper, Derbyshire, DE563
£95012/240.66 miGreen Lane, Belper, Derby3
£1,00012/240.66 miGreen Lane, Belper, Derbyshire, DE563
£85012/240.81 miQueen Street, Belper3
£90012/240.88 miAlder Road, BELPER3
£95012/240.98 miCook Close, Belper3
£1,00012/241.04 miBrafield Close, Belper3
£89512/241.05 miSycamore Croft, Belper3
£1,15012/241.09 miThornhill Avenue, Belper4

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £340,000

April 19, 2023

Sold for £310,000

2021

Floor Plans

Description

A generously proportioned detached four bedroomed family home situated in a popular location close to Belper and its excellent amenities. There is a driveway providing off road parking, which leads to a tandem garage and wrap around gardens to the front and side. Viewing is recommended

Offered with vacant possession/ no chain. The well proportioned property is in need of some cosmetic finishing. Having a welcoming entrance hallway, sitting room. newly refitted dining kitchen, utility room and guest WC. There are four double bedrooms and family bathroom.

Benefitting from UPVC double glazed windows and doors and gas central heating fired by a combi boiler.

To the front is an established garden with sunny paved seating area, which extends to the rear. A driveway provides ample off road parking and leads to tandem garage.

Situated conveniently close to Belper with it busy railway station, excellent schools, shopping, bars restaurants and leisure facilities. Belper is renowned for its historic mills, character and charm having many local countryside walks. Having easy access to Derby and Nottingham via A38, M1 and A6, which provides the gateway to the stunning Peak District.

Accommodation - A half glazed upvc entrance door allows access.

Reception Hallway - A spacious area with radiator, UPVC double glazed window and stairs climb to the first floor.

Sitting Room - 4.09m x 3.33m (13'5 x 10'11) - A naturally light room with dual aspect upvc double glazed windows to the front and side, radiator, TV aerial point, satellite connection and a marble fire surround and hearth housing an electric fire.

Dining Kitchen - 6.10m x 5.82m (20' x 19'1) - Newly fitted with a range of contemporary charcoal coloured base cupboards, drawers and eye level units with copper trim and quartz work surface incorporating an inset sink and drainer with copper mixer tap and matching upstand. Integrated appliances include twin bosch electric ovens, induction hob, extractor hood, fridge freezer and dishwasher. There is wood effect flooring, inset spot lighting, matching breakfast bar and dual aspect UPVC double glazed windows to the side and rear. Open into :

Inner Lobby - There are half glazed UPVC entrance doors to the front and rear and access to :

Utility Room - 2.69m x 2.59m (8'10 x 8'6 ) - Fitted with a range of navy base cupboards, drawers and larder cupboards with stainless steel sink drainer and mixer tap. there is plumbing for a washing machine, space for a tumble dryer, wood effect flooring, inset spot lights and UPVC double glazed window to the front aspect.

Wc - There is a low flush WC and wall mounted wash hand basin.

First Floor -

Landing - There is access to the roof void.

Bedroom One - 4.09m x 3.35m (13'5 x 11') - Having radiator and dual aspect UPVC double glazed windows to the side and front enjoying views over Belper and is countryside.

Bedroom Two - 3.05m x 3.43m (10' x 11'3 ) - Having upvc double glazed window and radiator.

Bedroom Three - 3.35m x 3.05m (11' x 10' ) - There are dual aspect upvc double glazed windows to the front and side.

Bedroom Four - 4.04m x 2.21m (13'3 x 7'3 ) - There is a built-in wardrobe, radiator and upvc double glazed window to the front elevation.

Bathroom - Appointed with a four piece suite comprising panelled bath, vanity wash hand basin and low flush WC. there is complementary full tiling, ceramic tiled floor and UPVC double glazed window to the rear elevation.

Outside - A driveway to the rear provides off road parking and leads to a double tandem garage. The gardens wrap around the property with large paved patio and flower beds.

Agent Details

Boxall Brown & Jones, Belper

01773 303495

Next Steps?

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