3 Bed Terraced House, Planning Permission, Derby, DE22 3TR, £125,000

Warner Street, Derby, DE22 3TR - 4 views - a year ago

Auction
Planning
~93 m²

ValuationUndervalued

Sold Prices£90K - £250K
Sold Prices/m²£879/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£142,908
BMV14%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£433 - £1,690

Rent Estimate

£458

Running Costs/mo

£502

Cashflow/mo

£-44

Cashflow/yr

£-531

Gross Yield

4%

Local Sold Prices

50 sold prices from £90K to £250K, average is £143K. £879/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£151K02/230.1 mi164, Woods Lane, Derby, City Of Derby DE22 3UE3
£145K09/210.14 mi16, Crown Street, Derby, City Of Derby DE22 3UR3
£108.5K09/210.14 mi41, May Street, Derby, City Of Derby DE22 3UQ3
£160K05/230.15 mi20, Sherwood Street, Derby, City Of Derby DE22 3UW3
£250K02/230.15 mi96, Empress Road, Derby, City Of Derby DE23 6TE3
£132K01/210.16 mi28, May Street, Derby, City Of Derby DE22 3UP3
£215K09/210.18 mi50, Stonehill Road, Derby, Derbyshire DE23 6TJ3
£123K12/200.19 mi14, Sun Street, Derby, City Of Derby DE22 3UL3
£157K08/210.2 mi36, St Chads Road, Derby, Derbyshire DE23 6RR3
£190K03/210.21 mi51, Vicarage Avenue, Derby, City Of Derby DE23 6TQ3
£125K03/230.21 mi8, Percy Street, Derby, City Of Derby DE22 3WD3
£200K08/210.23 mi56, Vicarage Avenue, Derby, City Of Derby DE23 6TP3
£195K12/200.23 mi20, Lime Avenue, Derby, City Of Derby DE1 1TU3
£115K05/210.23 mi12, Spring Street, Derby, City Of Derby DE22 3UF3
£160K06/210.23 mi138, Burton Road, Derby, City Of Derby DE1 1TN3
£220K08/220.23 mi16, Lime Avenue, Derby, City Of Derby DE1 1TU3
£150K11/220.25 mi39, Howard Street, Derby, City Of Derby DE23 6TX3
£130K06/230.25 mi7, Renals Street, Derby, City Of Derby DE23 6SJ3
£112.5K12/220.25 mi1, Spinney Road, Derby, City Of Derby DE22 3TP3
£165K06/210.25 mi12, Salisbury Street, Derby, Derbyshire DE23 6SL3
£102K02/210.25 mi39, Raven Street, Derby, City Of Derby DE22 3WA3
£200K09/210.27 mi104, St Chads Road, Derby, City Of Derby DE23 6RP3
£160K12/220.28 mi151, Gerard Street, Derby, City Of Derby DE1 1PE3
£150K10/210.28 mi41, Byron Street, Derby, City Of Derby DE23 6TU3
£123.5K03/230.29 mi84, Northumberland Street, Derby, City Of Derby DE23 6UA3
£110K02/210.3 mi11, Society Place, Derby, Derbyshire DE23 6UH3
£145K06/210.32 mi35, Fairfax Road, Derby, City Of Derby DE23 6RX3
£90K03/210.32 mi19, Moss Street, Derby, City Of Derby DE22 3WG3
£142K08/230.32 mi37, Moss Street, Derby, City Of Derby DE22 3WG3
£162K08/210.33 mi20, Fairfax Road, Derby, City Of Derby DE23 6RW3
£95K12/200.36 mi18, Chestnut Avenue, Derby, City Of Derby DE23 6WG3
£130K12/200.37 mi39, King Alfred Street, Derby, City Of Derby DE22 3QL3
£110K08/210.38 mi65, Westbury Street, Derby, City Of Derby DE22 3PP3
£90K08/210.38 mi143, Lower Dale Road, Derby, City Of Derby DE23 6XA3
£130K08/210.4 mi5, Freehold Street, Derby, City Of Derby DE22 3QZ3
£134.9K01/230.41 mi23, Wolfa Street, Derby, City Of Derby DE22 3SE3
£115K01/210.42 mi11, Porter Road, Derby, City Of Derby DE23 6QZ3
£173K02/210.42 mi78, Overdale Road, Derby, City Of Derby DE23 6AT3
£103K11/200.42 mi72, Porter Road, Derby, City Of Derby DE23 6RA3
£102K12/220.43 mi27, Church Street, Derby, City Of Derby DE23 6QT3
£115K03/210.43 mi28, Holmes Street, Derby, City Of Derby DE23 8GH3
£245K01/210.44 mi25, Buller Street, Derby, City Of Derby DE23 6PP3
£155K09/210.45 mi119, Bedford Street, Derby, City Of Derby DE22 3PF3
£155K03/230.45 mi19, Drewry Lane, Derby, City Of Derby DE22 3QS3
£110K12/200.46 mi45, Thorn Street, Derby, City Of Derby DE23 6LZ3
£110K12/220.46 mi44, Almond Street, Derby, City Of Derby DE23 6LW3
£144K06/210.47 mi25, Crosby Street, Derby, City Of Derby DE22 3NY3
£181.5K04/210.47 mi174, St Albans Road, Derby, City Of Derby DE22 3JQ3
£125K04/210.49 mi40, Belvoir Street, Derby, City Of Derby DE23 6NL3
£198.5K05/230.5 mi25, Powell Street, Derby, City Of Derby DE23 6PL3

Local Rents

50 rents from £433/mo to £1.7K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99512/240.1 miWoods Lane, Derby3
£80003/240.13 mi-3
£80002/240.13 mi-3
£80012/240.13 miFarm Street, Derby, DE223
£95002/240.14 mi-3
£1,30001/250.21 mi-3
£1,30002/250.21 mi-3
£1,30003/250.21 mi-3
£89512/240.23 miPercy Street, Derby3
£1,00012/240.26 mi-3
£1,00004/250.26 mi-3
£87504/240.31 miBelgrave Street, Normanton, Derby3
£47704/240.32 miWebster Street3
£47705/240.32 miWebster Street3
£95003/240.32 miWebster Street, City Centre 3
£97512/240.35 miWerburgh Street, Derby 3
£1,25002/240.35 mi-3
£1,25012/240.35 miBramfield Avenue, Derby, DE223
£79512/240.36 miLynton Street, Derby City3
£1,05012/240.36 mi-3
£1,00001/250.38 mi-3
£89512/240.38 mi-3
£1,25012/240.39 mi-3
£43312/240.4 miWolfa Street3
£1,62512/240.41 miWolfa Street, 3
£1,50003/240.41 mi-3
£1,35004/240.41 mi-3
£1,35005/240.41 mi-3
£1,30012/240.41 mi-3
£1,50012/240.41 mi-3
£1,30012/240.41 mi-3
£92503/240.42 mi-3
£92512/240.42 miWolfa Street, Derby, DE223
£92512/240.42 miWolfa Street, Derby, DE223
£1,05012/240.42 mi-3
£99503/240.42 miPorter Road, DERBY3
£85012/240.44 miDrewry Lane, Derby, Derbyshire, DE223
£95002/250.44 mi-3
£1,49512/240.44 miPeet Street, Derby3
£99503/240.45 miForester Street3
£1,36512/240.45 miDrewry Lane, Derby, 3
£1,15001/250.46 mi-3
£1,15002/250.46 mi-3
£1,25012/240.46 miBelmont Close, Derby, Derbyshire, DE223
£85012/240.46 miUpper Boundary Road, Derby3
£1,05012/240.46 mi-3
£1,05012/240.47 mi-3
£89512/240.48 mi-3
£1,49512/240.49 miMilton Street, Derby3
£1,69012/240.5 miMilton Street, Derby, Derbyshire, DE223

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £125,000

January 17, 2024

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Building Plot +
  • Planning Permission Granted - 22/00010/FUL +
  • Three, Three Storey Town Houses +
  • Three Bedroom Accommodation +
  • Close to City Centre +

SUMMARY
An excellent opportunity to acquire a substantial building plot located close to Derby City Centre with planning permission granted for the three, three storey town houses - 22/00010/FUL.

DESCRIPTION
An excellent opportunity to acquire a substantial building plot located close to Derby City Centre with planning permission granted for the three, three storey town houses - 22/00010/FUL. The proposed layout of the properties will be a lower ground floor bedroom with ensuite, stairs will lead to a kitchen, lounge and guest WC and to the first floor will be two further bedrooms and bathroom. The site is ideally located close to Derby City and has easy access to the Royal Derby Hospital and road links with the A38 and A52.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Reports Carried Out 
Application to planning for discharge of any planning condition - completed
Topographical level survey of the site - completed
Drain survey - completed
Designers risk assessments - completed, to be submitted by the architect to CDM co-ordinator once appointed
Fully detailed working drawings/ design drawings - completed
Specification to Robust details for prevention of passage of sound - completed
Ground investigation including desk top study and boreholes on site to establish the ground conditions - completed
Soil testing as required - completed
Full structural design for retaining walls and foundations - completed
Tanking and damp proofing specification - completed
Structural design to include
- steel beams - Padstones and bearing - Connection details - Expansion joints - Lintol specs - Block strength specs - Roof design - Floor designs - completed
SAP heat loss calculations - completed
EPC certificates - will be issued on completion of the project (per architect)
Air test on completion - will be issued on completion of the project (per architect)
Extractor testing and certificate - will be issued on completion of the project (per architect)
Water usage certificates -will be issued on completion of the project (per architect)
10 year warranty application -completed
Building control application -completed
Amendments to drawings as necessary for building control and warranty companycompleted
Drawings and building control approval - completed

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

Agent Details

Ashley Adams, Derby

01332 215448

Next Steps?

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