2 Bed Flat, Single Let, Derby, DE1 1SB, £85,000

Gower Street, Derby, DE1 1SB - 5 views - a year ago

Leasehold
BTL
ROI: 14%
~56 m²
+8 photos

ValuationUndervalued

Sold Prices£37K - £155K
Sold Prices/m²£679/m² - £2.4K/m²

 

 

Square Metres

~56 m²
Price/m²£1.5K/m²

Value Estimate

£87,540
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£535 - £1,220

Rent Estimate

£709

Running Costs/mo

£427

Cashflow/mo

£282

Cashflow/yr

£3,379

ROI

14%

Gross Yield

10%

Local Sold Prices

31 sold prices from £37K to £155K, average is £94K. £679/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£90K07/220.18 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£78.5K08/210.29 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.29 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£140K03/230.32 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£48K09/210.45 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.45 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£124K03/210.48 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£130K08/210.5 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£42.5K09/220.51 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.51 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.51 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£155K03/230.54 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£136K06/210.55 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£127.5K07/210.58 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£143K12/220.58 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£127.5K11/200.6 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.6 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£92K11/210.63 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£114K01/230.63 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£61.5K03/210.66 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£85K10/210.67 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£42K11/220.75 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.75 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.75 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£90K01/230.75 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£125K12/200.81 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£110K05/220.87 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£135K08/220.98 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£109K10/220.99 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.99 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£92.5K08/210.99 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2

Local Rents

51 rents from £535/mo to £1.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£70003/240 miProsperity House, Gower Street, Derby DE1 1AW2
£72504/240 miGower Street, Derby, DE12
£75005/240 miGower Street, Derby, DE12
£85012/240.01 mi-2
£85012/240.01 mi-2
£79503/240.01 miGower Street, Derby2
£79503/240.04 miBabington Court, Gower Street, Derby2
£79503/240.04 miGower Street, Derby, Derbyshire, DE12
£85003/240.04 miBabington Court, Gower Street, Derby2
£83503/240.04 miBabington Court, Derby2
£79503/240.04 miBabington Court, Derby2
£85003/240.04 miBabington Court, Gower Street, Derby2
£85005/240.04 miBabington Court, Gower Street, Derby2
£85005/240.04 miBabington Court, Derby2
£85005/240.04 miBabington Court, Derby2
£80004/240.04 miGower Street, Derby2
£80004/240.04 miGower Street, Derby2
£80005/240.04 miGower Street, Derby2
£80011/240.09 mi-2
£1,18003/240.11 miThe Condor Derby DE12
£1,19003/240.11 miThe Condor Derby DE12
£95004/240.11 miThe Millhouse, Brook Street, Derby2
£1,21504/240.12 miThe Condor Derby DE12
£1,16003/240.12 miThe Condor Derby DE12
£1,19503/240.12 miThe Condor Derby DE12
£1,16003/240.12 miThe Condor Derby DE12
£1,17503/240.12 miThe Condor Derby DE12
£1,20004/240.12 miThe Condor Derby DE12
£1,19504/240.12 miThe Condor Derby DE12
£1,18504/240.12 miThe Condor Derby DE12
£1,20005/240.12 miThe Condor Derby DE12
£1,14003/240.12 miThe Condor Derby DE12
£1,18005/240.12 miThe Condor Derby DE12
£1,15003/240.12 miThe Condor Derby DE12
£1,16503/240.12 miThe Condor Derby DE12
£1,17003/240.12 miThe Condor Derby DE12
£1,17504/240.12 miThe Condor Derby DE12
£1,20004/240.12 miThe Condor Derby DE12
£1,18004/240.12 miThe Condor Derby DE12
£1,18004/240.12 miThe Condor Derby DE12
£1,22005/240.12 miThe Condor Derby DE12
£1,21505/240.12 miThe Condor Derby DE12
£1,16503/240.12 miThe Condor Derby DE12
£1,16003/240.12 miThe Condor Derby DE12
£1,18004/240.12 miThe Condor Derby DE12
£1,05003/240.13 miCastleward, Derby, Derbyshire, DE12
£94504/240.13 miCastleward, Derby, Derbyshire, DE12
£77503/240.16 miGerard Street, Derby2
£53503/240.16 miMacklin Street, Derby, 2
£95003/240.17 miSuede House, 45 John Street, Derby, DE12
£95004/240.17 miSuede House, 45 John Street, Derby, Derbyshire, DE12

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.34 miles away

Nearest school

0.40 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £85,000

February 22, 2024

Floor Plans

Description

  • City Centre Apartment +
  • Two Bedrooms +
  • Upper Floor Flat with Lift Access +
  • No Onward Chain +
  • Council Tax Band B +

SUMMARY
Offered for sale with no onward chain, with two double bedrooms and open-plan living. The location is excellent for access to the city centre amenities.

DESCRIPTION
Centrally located two double bedroom first floor apartment, accessed via a secure communal hallway with lift to all floors. Positioned conveniently in the city centre for access to the Derbion, bars, restaurants, leisure facilities and the university. The property would make an excellent investment opportunity or a first time buy.

The apartment in brief comprises: entrance hallway open through to the living kitchen with large windows letting in floods of light, two double bedrooms, Jack-and-Jill en suite bathroom and spacious storage room/boiler cupboard off the second bedroom. The property is fitted with electric heating.

There are excellent transport links nearby with Derby's inner ring road providing access to the A52 and A38 which in turn link to the M1 and main motorway network.

Entrance Area 

Living Area 10' 8" Deepest x 14' 2" Widest ( 3.25m Deepest x 4.32m Widest )

Kitchen Area 6' 3" x 14' 2" ( 1.91m x 4.32m )

Bedroom One 10' 1" x 13' 4" ( 3.07m x 4.06m )

Bedroom Two 10' 3" x 10' 3" ( 3.12m x 3.12m )

Bathroom 

We currently hold lease details as displayed above, should you require 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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