3 Bed Terraced House, Refurb/BRRR, Belper, DE56 1TP, £210,000

19 Marston Close, Belper, Derbyshire, DE56 1TP - 5 views - a year ago

BTL
Refurb/BRRR
ROI: 1%
~62 m²
+11 photos

ValuationOvervalued

Sold Prices£95K - £350K
Sold Prices/m²£1.3K/m² - £4K/m²

 

 

Square Metres

~61.52 m²
Price/m²£3.4K/m²

Value Estimate

£178,319

 

 

End Value (After Refurb)

£194,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£24,970

Bridging Loan Interest

£5,513

Total Cash In

£92,232

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,250

Mortgage (After Refinance)

£145,688

Mortgage LTV

75%

Cash Left In

£92,232

Equity

£48,563

Rent Range

£760 - £1,000

Rent Estimate

£900

Running Costs/mo

£807

Cashflow/mo

£93

Cashflow/yr

£1,116

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £95K to £350K, average is £261.5K. £1.3K/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£350K06/230.06 mi12, Laund Farm Mews, Belper, Derbyshire DE56 1FP3
£212K03/210.1 mi6, Findern Close, Belper, Derbyshire DE56 1TQ3
£285K02/230.12 mi7, Astlow Drive, Belper, Derbyshire DE56 1TT3
£226K08/210.13 mi14, Ashford Rise, Belper, Derbyshire DE56 1TJ3
£250K03/230.16 mi29, Thornton Way, Belper, Derbyshire DE56 0AH3
£95K12/200.16 mi14, Thornton Way, Belper, Derbyshire DE56 0AH3
£279.9K06/210.17 mi22, Maidwell Close, Belper, Derbyshire DE56 1TE3
£152.5K04/210.2 mi17, Kingswood Avenue, Belper, Derbyshire DE56 1TU3
£235K09/210.21 mi82, Edensor Drive, Belper, Derbyshire DE56 1TF3
£321K01/230.23 mi6, Orton Way, Belper, Derbyshire DE56 1UB3
£210K11/200.24 mi134, Far Laund, Belper, Derbyshire DE56 1FN3
£225K03/210.24 mi124, Far Laund, Belper, Derbyshire DE56 1FN3
£265K06/230.26 mi5, Spinners Way, Belper, Derbyshire DE56 0HR3
£255K06/230.26 mi3, Spinners Way, Belper, Derbyshire DE56 0HR3
£205K01/210.29 mi25, Laund Avenue, Belper, Derbyshire DE56 1FL3
£270K12/220.31 mi18, Cherry Tree Avenue, Belper, Derbyshire DE56 1FR3
£279K05/210.33 mi4, Jennys Court, Belper, Derbyshire DE56 0GY3
£275K05/230.36 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3
£312K09/210.39 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£265K06/230.39 mi55, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.39 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3
£240K06/210.4 mi16, Laund Close, Belper, Derbyshire DE56 1ET3
£242.5K12/200.42 mi15, Laund Close, Belper, Derbyshire DE56 1ET3
£258K12/200.46 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.46 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.46 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.46 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£265K05/210.47 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£300K01/210.48 mi130, Whitemoor Lane, Belper, Derbyshire DE56 0HD3
£299.9K07/230.51 mi22, Bessalone Drive, Belper, Derbyshire DE56 1ES3
£310K12/200.52 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£290K02/210.53 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£220K07/210.53 mi62, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£225K09/210.53 mi60, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£250.5K03/230.59 mi214, John O'gaunts Way, Belper, Derbyshire DE56 0DF3
£267K02/210.61 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£280K10/210.61 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£286K07/230.62 mi12, Short Street, Belper, Derbyshire DE56 1JU3
£210K08/210.63 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£193K12/200.64 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£275K06/230.65 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.65 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£270K03/230.67 mi154, John O'gaunts Way, Belper, Derbyshire DE56 0DG3
£290K11/200.68 mi5, Morley Close, Belper, Derbyshire DE56 0HP3
£225K11/200.68 mi5, Cabot Close, Belper, Derbyshire DE56 0JQ3
£235K12/200.68 mi3, Cabot Close, Belper, Derbyshire DE56 0JQ3
£275K03/230.68 mi123, Kilbourne Road, Belper, Derbyshire DE56 1RZ3
£216K11/220.69 mi11, St James Close, Belper, Derbyshire DE56 0EF3
£280K02/210.69 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£236.5K03/210.7 mi44, Ashop Road, Belper, Derbyshire DE56 0DP3

Local Rents

11 rents from £760/mo to £1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£80012/240.2 miFar Laund, Belper3
£76009/230.42 mi-3
£90012/240.63 miMarsh Lane, Belper, Derbyshire, DE563
£89512/240.68 miWindmill Lane, Belper3
£95012/240.71 miCook Close, Belper3
£90012/240.9 miChesterfield Road, Belper, Derbyshire, DE563
£1,00012/240.92 miBrafield Close, Belper3
£95012/241.03 miGreen Lane, Belper, Derby3
£1,00012/241.04 miGreen Lane, Belper, Derbyshire, DE563
£90012/241.14 miAlder Road, BELPER3
£85012/241.16 miQueen Street, Belper3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.82 miles away

Nearest school

0.50 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £210,000

December 26, 2023

Sold for £43,500

1998

Floor Plans

Description

  • Council Tax Band A +
  • 3 Bedrooms +
  • Kitchen/Dining Room +
  • Quiet Cul-De-Sac Position +
  • Off Street Parking +
  • Ideal First Time Buyers +
  • Viewing Advised +

Derbyshire Properties are pleased to present this three bedroom property located within a quiet cul-de-sac location and benefiting from off street parking. The property requires some degree of modernisation and offers three bedrooms, bathroom, lounge and kitchen/diner with enclosed garden to rear. We believe the property would ideally suit first time buyers, and buy to let investors and a viewing should be undertaken to avoid disappointment

Agent Details

Derbyshire Properties, Belper

01773 302133

Next Steps?

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