2 Bed Flat, Single Let, Derby, DE1 3RL, £110,000

8 Etruria Gardens, Derby, City Of Derby, DE1 3RL - 5 views - a year ago

Leasehold
BTL
ROI: 6%
37 m²
+7 photos

ValuationOvervalued

Sold Prices£30K - £162.5K
Sold Prices/m²£545/m² - £2.7K/m²

 

 

Square Metres

37 m²
Price/m²£3K/m²

Value Estimate

£64,422

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£412 - £995

Rent Estimate

£646

Running Costs/mo

£493

Cashflow/mo

£153

Cashflow/yr

£1,837

ROI

6%

Gross Yield

7%

Local Sold Prices

39 sold prices from £30K to £162.5K, average is £114K. £545/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£114K01/230.09 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£61.5K03/210.09 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£127.5K11/200.14 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.14 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£135K08/220.32 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£124.5K06/230.36 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.36 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.36 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/220.36 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.36 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/210.36 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.36 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.36 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/220.36 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£30K02/210.39 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.39 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£143K12/220.44 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£85K10/210.48 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£127.5K07/210.51 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£42K11/220.65 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.65 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.65 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£140K03/230.65 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£162.5K04/210.69 miApartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY2
£110K05/220.72 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£78K01/210.73 mi31, Moray Walk, Derby, City Of Derby DE21 6BR2
£157K05/210.8 mi2, Darley Street, Darley Abbey, Derby, City Of Derby DE22 1DX2
£48K09/210.8 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.8 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£42.5K09/220.83 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.83 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.84 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£90K07/220.86 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£130K06/210.92 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£158K03/230.92 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£149K02/230.92 mi104, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£155K03/230.95 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£78.5K08/210.95 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.95 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2

Local Rents

50 rents from £412/mo to £995/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85003/240.08 miApartment 13, Waterside House, Duke Street, Derby2
£85003/240.08 miWaterside House, Derby2
£85003/240.08 miApartment 13, Waterside House, Duke Street, Derby2
£79504/240.14 miApartment 28 City Walk, City Road, Chester Green, Derby, DE1 3QD2
£85005/240.14 miCity Walk, Derby, DE1 3QD2
£65003/240.15 miNorth Parade, Derby2
£95004/250.16 mi-2
£95010/230.18 miHandyside Street, Derby, Derbyshire, DE12
£41203/240.18 miNorthgate, North Street, Derby2
£75003/240.2 miSt Mary’S Court, Derby, DE12
£75004/240.2 mi-2
£70003/240.2 miSt. Marys Court, Duke Street, Derby, DE1 3DD2
£83502/250.22 mi-2
£64503/240.22 miKings Court, Arthur Street, Derby, DE1 3DH 2
£65003/240.22 mi4 The Stables, Arthur Street, Derby, Derbyshire, DE12
£85005/240.23 miCaesar Street, Derby2
£85005/240.23 miSt. Pancras Way, Derby, Derbyshire2
£75003/240.23 miCaesar Street, Chester Green, Derby, DE12
£80004/240.23 mi-2
£95002/240.24 mi-2
£85003/240.24 miEuston Drive, Chester Green2
£95006/240.25 mi-2
£95012/240.25 mi-2
£95012/240.25 mi-2
£95012/240.25 mi-2
£85002/250.25 mi-2
£95002/250.25 mi-2
£99502/250.25 mi-2
£85003/250.25 mi-2
£85002/250.25 mi-2
£95002/250.25 mi-2
£95002/250.25 mi-2
£95002/250.25 mi-2
£90004/250.25 mi-2
£79503/250.25 mi-2
£97504/250.25 mi-2
£85004/250.25 mi-2
£87504/250.25 mi-2
£90004/250.25 mi-2
£95005/240.25 miKing's Crescent Apartments, Derby, DE12
£99504/240.26 mi-2
£95004/240.26 mi-2
£99503/240.26 miKing's Crescent Apartments, Derby, DE12
£95003/240.26 miKing's Crescent Apartments, Derby, DE12
£99504/240.26 miKing's Crescent Apartments, Derby, DE12
£95004/240.26 miKing's Crescent Apartments, Derby, DE12
£99502/240.26 mi-2
£99504/250.26 mi-2
£99503/240.26 miKings Crescent Apartments, Derby, DE12
£90005/240.26 miDrage Street, DERBY2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £110,000

November 2, 2023

Sold for £59,000

2006

Floor Plans

Description

  • First Floor Flat +
  • Two Bedrooms +
  • Off Road Parking +
  • Walking Distance To City Centre +
  • Popular Location +

SUMMARY
This two bedroom, first floor flat is located within walking distance of Derby city centre in the popular area of Chester Green. With nearby road links including the A38 and A61 the property also benefits from nearby green spaces including the picturesque Darley Park.

DESCRIPTION
An ideal first home or rental opportunity, this two bedroom, first floor flat is located within walking distance of Derby city centre in the popular area of Chester Green. With nearby road links including the A38 and A61 the property also benefits from nearby green spaces including the picturesque Darley Park, Parker's Piece and Chester Green itself.
In brief the property comprises of two bedrooms, a large Lounge with room for a dining area, Kitchen with ample counter space and a Bathroom with a three piece suite and shower over the bath. Outside there is an allocated parking space providing off road parking.

Hall 
Being accessed through a Porch and having two storage cupboards.

Lounge 16' 9" at longest point x 9' 10" at widest point ( 5.11m at longest point x 3.00m at widest point )
Having a round wooden double glazed bay window to the corner, carpeted floor and a radiator.

Kitchen 8' x 8' 7" ( 2.44m x 2.62m )
Having a wooden double glazed window to the rear, wall and base units, stainless steel sink and drainer, tiled splashback, space for multiple appliances and a radiator.

Bedroom One 12' 2" x 8' 3" ( 3.71m x 2.51m )
Having a wooden double glazed window to the front, carpeted floor and a radiator.

Bedroom Two 8' 1" x 6' 9" ( 2.46m x 2.06m )
Having a wooden double glazed window to the front, carpeted floor and a radiator.

Bathroom 
Having an obscured window to the rear, WC, pedestal hand wash basin, a shower over the bath, tiled walls and floor and a radiator.

Lease details are currently being compiled. For 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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Bagshaws Residential, Derby

01332 215045

Next Steps?

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