2 Bed Flat, Single Let, Derby, DE73 5QB, £120,000

Parkway, Chellaston, DE73 5QB - a year ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£60K - £220K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£142,903
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£725 - £875

Rent Estimate

£795

Running Costs/mo

£554

Cashflow/mo

£241

Cashflow/yr

£2,892

ROI

8%

Gross Yield

8%

Local Sold Prices

22 sold prices from £60K to £220K, average is £124.3K. £1.7K/m² to £3.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£112.5K10/210.03 mi105, Parkway, Chellaston, Derby, City Of Derby DE73 5QB2
£126K04/230.03 mi103, Parkway, Chellaston, Derby, City Of Derby DE73 5QB2
£112.5K10/210.03 mi105, Parkway, Chellaston, Derby, City Of Derby DE73 5QB2
£87K03/230.06 mi29, Thurstone Furlong, Chellaston, Derby, City Of Derby DE73 5PZ2
£115K12/210.1 mi32, Prestwick Way, Chellaston, Derby, City Of Derby DE73 5AB2
£149.9K02/220.37 mi28, Ferncroft Walk, Chellaston, Derby, City Of Derby DE73 6SA2
£60K08/210.44 miFlat 12, Stonyhurst Court, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9JZ2
£80K12/200.49 mi20, Sheldon Court, Shelton Lock, Derby, City Of Derby DE24 9QR2
£95.5K05/220.52 mi34, Stonebroom Walk, Shelton Lock, Derby, City Of Derby DE24 9QS2
£220K06/210.53 mi10, Ranworth Close, Derby, City Of Derby DE24 9QG2
£114K08/220.55 mi4, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ2
£104K01/220.55 mi6, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ2
£121K03/230.55 mi14, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ2
£180K05/210.55 mi39, Green Avenue, Chellaston, Derby, City Of Derby DE73 6TE2
£160K06/210.61 mi5, Lorraine Close, Shelton Lock, Derby, City Of Derby DE24 9EX2
£175K12/210.71 mi1, Whitehouse Close, Shelton Lock, Derby, City Of Derby DE24 9QE2
£162K11/200.76 mi109, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EY2
£138.5K03/210.76 mi95, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EY2
£160K11/220.76 mi17, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ2
£122.5K06/210.76 mi7, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ2
£175K08/210.76 mi120, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EZ2
£140K09/220.76 mi15, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ2

Local Rents

10 rents from £725/mo to £875/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£79503/240.06 miThurstone Furlong, Chellaston2
£79504/240.06 miAlonso Close, Chellaston2
£85002/250.06 mi-2
£85012/240.09 mi-2
£72503/240.1 miPrestwick Way, Chellaston, Derby, DE732
£87503/240.18 miRose Close, Chellaston, Derby, Derbyshire, DE73 5XP2
£80003/240.33 miLockington Close, Chellaston2
£85003/240.46 miSimcoe Leys, Chellaston, Derby2
£82503/240.46 miSimcoe Leys, Chellaston2
£85003/240.49 miGreen Avenue, Chellaston, Derby, DE73 6TE2

Local Area Statistics

Population in DE73

19,040

Population in Derby

308,324

Town centre distance

3.28 miles away

Nearest school

0.10 miles away

Nearest train station

2.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £120,000

December 14, 2023

Floor Plans

Description

  • Two Double Bedroom Standard Construction Ground Floor Apartment +
  • EPC Rating D +
  • Council Tax Band B +
  • Two Allocated Parking Spaces +
  • Leasehold +
  • Spacious Open-Plan Living +
  • Fitted Kitchen & Bathroom +
  • Close To Local Amenities +
  • Good Access To Major Roads & Amenities +
  • Internal Viewings A Must! +

NO UPWARD CHAIN Tucked away close to the heart of the popular area of Chellaston is this well-presented, two-bedroom ground-floor apartment, which benefits from uPVC double glazing, electric storage heating, allocated parking and offered for sale with no upward chain.

The accommodation in brief comprises: Entrance hall with good sized storage cupboard; spacious open plan living area with fitted kitchen; two double bedrooms (master with built-in wardrobes); fitted bathroom.

Outside, the property also benefits from allocated tandem parking spaces, providing parking for two vehicles to the side of the property, together with a wall-mounted intercom system.

Parkway lies convenient for local amenities, shops and well-regarded schools, together with good road links with the A50, A6, access to East Midlands Airport and the M1 motorway. The property is also just a short commute to Rolls-Royce and Alstom.

Agent Details

Hannells Estate Agents, Chellaston

01332 215260

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪