3 Bed Semi-Detached House, Cash/Bridging Only, Derby, DE23 1LD, £150,000

Stenson Avenue, Sunnyhill, DE23 1LD - a year ago

Sold STC
Cash
ROI: 2%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£121K - £310K
Sold Prices/m²£1.4K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£153,000

 

 

End Value (After Refurb)

£193,816

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£37,643

Bridging Loan Interest

£3,938

Total Cash In

£86,530

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,816

Mortgage (After Refinance)

£145,362

Mortgage LTV

75%

Cash Released

£32,862

Cash Left In

£53,668

Equity

£48,454

Rent Range

£795 - £1,100

Rent Estimate

£966

Running Costs/mo

£819

Cashflow/mo

£147

Cashflow/yr

£1,765

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £121K to £310K, average is £179K. £1.4K/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£195K12/220.05 mi27, Kendon Avenue, Sunnyhill, Derby, City Of Derby DE23 1LB3
£143K07/210.07 mi240, Caxton Street, Derby, City Of Derby DE23 1RB3
£176K04/210.1 mi22, Bosworth Avenue, Sunnyhill, Derby, City Of Derby DE23 1LE3
£180K10/200.1 mi23, Bosworth Avenue, Sunnyhill, Derby, City Of Derby DE23 1LE3
£174K01/210.15 mi27, Hartland Drive, Sunnyhill, Derby, City Of Derby DE23 1LW3
£122.5K06/210.17 mi12, Beaumont Walk, Derby, City Of Derby DE23 1RD3
£133K11/220.17 mi364, Stenson Road, Derby, City Of Derby DE23 1HF3
£175K12/200.17 mi7, St Stephens Close, Sunnyhill, Derby, City Of Derby DE23 1HH3
£123K03/210.18 mi13, Woodroffe Walk, Derby, City Of Derby DE23 1RL3
£154K03/230.18 mi23, Woodroffe Walk, Derby, City Of Derby DE23 1RL3
£260K05/230.19 mi179, Stenson Road, Derby, City Of Derby DE23 1JN3
£196K10/200.19 mi11, Oadby Rise, Sunnyhill, Derby, City Of Derby DE23 1LX3
£162K03/210.2 mi27, Masefield Avenue, Derby, City Of Derby DE23 1GP3
£163.5K11/200.21 mi31, Donington Drive, Sunnyhill, Derby, City Of Derby DE23 1NA3
£150K11/200.21 mi47, Donington Drive, Sunnyhill, Derby, City Of Derby DE23 1NA3
£162K11/200.21 mi65, Donington Drive, Sunnyhill, Derby, City Of Derby DE23 1NA3
£143K04/210.21 mi40, Donington Drive, Sunnyhill, Derby, City Of Derby DE23 1NA3
£150K11/200.21 mi47, Donington Drive, Sunnyhill, Derby, City Of Derby DE23 1NA3
£242.5K10/210.22 mi238, Stenson Road, Derby, City Of Derby DE23 1JL3
£207K02/230.23 mi28, Gurney Avenue, Sunnyhill, Derby, City Of Derby DE23 1GR3
£150K01/210.23 mi37, Gurney Avenue, Sunnyhill, Derby, City Of Derby DE23 1GR3
£178K04/210.24 mi12, Hathern Close, Sunnyhill, Derby, City Of Derby DE23 1NE3
£180K11/210.25 mi3, Keswick Avenue, Sunnyhill, Derby, City Of Derby DE23 1JY3
£121K04/210.25 mi95, Caxton Street, Derby, City Of Derby DE23 8BE3
£245K02/230.25 mi6, Bideford Drive, Sunnyhill, Derby, City Of Derby DE23 1LT3
£165K02/210.25 mi41, Nevinson Avenue, Sunnyhill, Derby, City Of Derby DE23 1GU3
£180K01/210.25 mi21, Nevinson Avenue, Sunnyhill, Derby, City Of Derby DE23 1GU3
£150K06/230.27 mi24, Nevinson Avenue, Sunnyhill, Derby, City Of Derby DE23 1GT3
£230K12/220.28 mi415, Stenson Road, Derby, City Of Derby DE23 1HE3
£176.6K04/210.29 mi12, Instow Drive, Sunnyhill, Derby, City Of Derby DE23 1LS3
£200K03/230.29 mi19, Instow Drive, Sunnyhill, Derby, City Of Derby DE23 1LS3
£168.5K11/200.3 mi60, Nevinson Avenue, Sunnyhill, Derby, City Of Derby DE23 1GW3
£190K04/210.31 mi26, Eastbrae Road, Sunnyhill, Derby, City Of Derby DE23 1WA3
£160K02/210.31 mi48, Mimosa Crescent, Sunnyhill, Derby, City Of Derby DE23 1WP3
£235K06/230.31 mi10, Rushdale Avenue, Littleover, Derby, City Of Derby DE23 1HY3
£187.5K04/210.32 mi10, Donington Drive, Sunnyhill, Derby, City Of Derby DE23 1LZ3
£183K01/230.32 mi30, Nevinson Drive, Sunnyhill, Derby, City Of Derby DE23 1GX3
£175K10/210.32 mi21, Nevinson Drive, Sunnyhill, Derby, City Of Derby DE23 1GX3
£250K12/220.33 mi4, New Chestnut Place, Derby, City Of Derby DE23 1JT3
£212.5K02/210.33 mi7, New Chestnut Place, Derby, City Of Derby DE23 1JT3
£165K11/200.33 mi27, Boswell Square, Derby, City Of Derby DE23 8AW3
£310K04/230.35 mi17, Glenmoy Close, Sunnyhill, Derby, City Of Derby DE23 1WB3
£122.5K05/230.36 mi39, Baxter Square, Derby, City Of Derby DE23 8BG3
£237.5K03/210.37 mi38, Lawnlea Close, Sunnyhill, Derby, City Of Derby DE23 1XQ3
£215K06/210.37 mi8, Shearwater Close, Derby, City Of Derby DE23 1WH3
£230K12/200.37 mi1, Shearwater Close, Derby, City Of Derby DE23 1WH3
£253K06/210.37 mi50, Birchwood Avenue, Littleover, Derby, City Of Derby DE23 1PZ3
£237K10/210.37 mi34, Birchwood Avenue, Littleover, Derby, City Of Derby DE23 1PZ3
£190K12/200.38 mi4, Maple Avenue, Littleover, Derby, City Of Derby DE23 1QB3
£188K05/210.38 mi14, Maple Avenue, Littleover, Derby, City Of Derby DE23 1QB3

Local Rents

32 rents from £795/mo to £1.1K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,10002/250.11 mi-3
£89504/240.13 miUnderhill Close, Sunnyhill3
£99504/240.13 mi-3
£1,10001/250.14 mi-3
£99504/240.15 miSunnyhill Avenue, Sunnyhill3
£99504/240.15 miSunnyhill Avenue, Sunnyhill3
£97504/240.17 miStenson Road, DERBY3
£79504/240.19 miStenson Road, Sunnyhill, DE233
£1,05003/240.25 miHartland Drive, Sunnyhill, Derby3
£92502/240.27 mi-3
£1,10003/240.28 miNevinson Avenue, Sunnyhill3
£1,10003/240.29 miInstow Drive, Sunnyhill, DERBY3
£1,10003/240.29 miInstow Drive, Sunnyhill3
£1,05001/250.29 mi-3
£85004/240.3 mi-3
£85004/240.3 miBlackmore Street, Derby, DE233
£85004/240.3 miBlackmore Street, Derby, DE233
£99502/250.31 miMimosa Crescent, Sunnyhill, Derby, Derbyshire, DE23 1WP3
£1,10003/240.33 miNew Chestnut Place, Derby3
£95004/240.37 miBirchwood Avenue, Littleover, DE233
£1,10001/250.48 mi-3
£1,10002/250.48 mi-3
£85003/240.5 miEdnaston Avenue, Littleover3
£99503/240.5 miStenson Road, Littleover3
£95004/240.51 miRidgeway Avenue, Derby, Derbyshire, DE231GD3
£99502/250.54 mi-3
£1,10001/250.57 mi-3
£1,00004/240.58 miAshopton Avenue, DERBY3
£95012/240.58 miArkle Green, Sinfin, DERBY3
£80012/240.58 miAviemore Way, Sinfin, Derby, Derbyshire3
£1,05003/240.61 miHayes Avenue, Derby, Derbyshire3
£1,10003/240.62 miAngelica Close, Littleover, Derby3

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £150,000

February 24, 2024

Sold for £100,000

2016

Floor Plans

Description

  • CASH BUYERS ONLY +
  • Bay Fronted Semi Detached +
  • Two Reception Rooms +
  • Kitchen +
  • Ground Floor Bathroom +
  • Three Bedrooms +
  • Driveway +
  • Rear Garden +
  • No Upward Chain +

CASH BUYERS ONLY
This property is great for a new family to move in and then improve to your own taste. It is situated within a popular area of Sunnyhill which is great for schools, public transport and other local amenities. The property comprises of in brief; Entrance hall, two reception rooms, kitchen and a ground floor bathroom. To the first floor there are three bedrooms. Outside the property has a driveway and enclosed rear garden.

Agent Details

haart, Derby

01332 215411

Next Steps?

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