2 Bed Flat, Single Let, Derby, DE1 1HW £120,000

Bramble Court, Bramble Street, DE1 1HW - 2 years ago
Sold STC
Leasehold
BTL
ROI: 3%
~62 m²
Property image

ValuationOvervalued

Sold Prices£38K - £174K
Sold Prices/m²£679/m² - £3K/m²

 

 

Square Metres

~62 m²
Price/m²£1.9K/m²

Value Estimate

£113,281

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

£498 - £2,500

Rent Estimate

£600

Running Costs/mo

£515

Cashflow/mo

£85

Cashflow/yr

£1,020

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £38K to £174K, average is £118K. £679/m² to £3K/m², average is £1.8K/m².

Price
Date
Distance
Address
Beds
 
£140K03/230.12 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£48K09/210.29 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.29 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£90K07/220.29 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£174K11/240.31 miWeavers Point, 9, Lodge Lane, Derby DE1 3HE2
£174K11/240.31 mi9, Weavers Point, Lodge Lane, Derby DE1 3HE2
£150.3K04/250.33 mi21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG2
£150.3K04/250.33 mi21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG2
£110K06/240.33 miRowleys Mill, 26, Uttoxeter New Road, Derby DE22 3TJ2
£146K08/220.33 miLongs Mill Brookbridge Court, 23, Brook Street, Derby DE1 3LG2
£116K07/240.33 miAlexandra Mill, 31, Great Northern Road, Derby DE1 1LW2
£42.5K09/220.35 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.35 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.35 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£127.5K07/210.35 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£129K10/240.35 mi7 Derby Riverside, Apartment 21, Stuart Street, Derby DE1 2EB2
£126.3K12/240.35 miApartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB2
£126.3K12/240.35 miApartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB2
£143K12/220.36 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£101.5K06/240.36 miCentro West, 50, Searl Street, Derby DE1 1BW2
£78.5K08/210.36 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£97.5K10/240.39 mi26, St Marys Court, Derby DE1 3DD2
£160K05/240.4 miWestgate, Flat 21, Mill Street, Derby DE1 1DH2
£157K11/240.41 miThe School Yard, 8, Edward Street, Derby DE1 3BL2
£157K11/240.41 mi8, The School Yard, Edward Street, Derby DE1 3BL2
£47.5K10/240.42 miMillers Court, 5, Edward Street, Derby DE1 3BN2
£90K05/250.42 mi5, Millers Court, Edward Street, Derby DE1 3BN2
£91K07/240.44 mi21, Edensor Square, Derby DE22 3RQ2
£85K10/210.44 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£135K06/250.46 mi26, Mill Gate, Ashbourne Road, Derby DE22 3EB2
£135K06/250.46 mi26, Mill Gate, Ashbourne Road, Derby DE22 3EB2
£79K08/250.48 mi1, Summerbrook Court, Derby DE22 3RR2
£136K06/210.49 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£122K01/250.49 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£122K01/250.49 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£112K05/240.51 miCity Walk, 5, City Road, Derby DE1 3QD2
£116K05/210.51 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£114K01/230.51 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£42K11/220.52 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£110K03/250.54 mi11, Leaper Street, Derby DE1 3ND2
£123K03/250.54 miFlat 30, Parkland View, Bath Street, Derby DE1 3FG2
£123K03/250.54 miFlat 30, Parkland View, Bath Street, Derby DE1 3FG2
£110K04/240.54 miParkland View, Flat 36, Bath Street, Derby DE1 3FG2
£75K09/240.56 mi5, St Annes Close, Derby DE1 3NE2
£118K06/240.56 miParkland View, Flat 81, Bath Street, Derby DE1 3FG2
£130K08/250.56 mi14, Melton Court Apartments, Ashbourne Road, Derby DE22 3BF2
£163.5K07/250.57 mi2b, Belper Road, Derby DE1 3EN2
£130K08/210.65 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£118K07/250.74 miFlat 12, 2 The Maltings, Manchester Street, Derby DE22 3AU2
£105K01/250.74 miFlat 10, The Maltings, Manchester Street, Derby DE22 3AU2

Local Rents

50 rents from £498/mo to £2.5K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£87011/250 miBramble Street, DERBY2
£2,00002/250.01 mi-2
£1,30012/240.02 mi-2
£1,20001/250.02 mi-2
£1,30001/250.03 mi-2
£2,50012/240.03 mi-2
£1,30012/240.03 mi-2
£1,09507/250.03 mi-2
£1,15010/250.03 mi7 Bramble St, Derby DE1 1HU, UK2
£89508/250.04 miCurzon Street, Derby, Derbyshire, DE12
£1,40003/240.09 miBramble Street, Derby2
£1,49503/240.09 miBramble Street2
£1,49505/240.09 miBramble Street2
£1,40005/240.09 miBramble Street, Derby2
£82008/250.09 miMacklin Street, Derby, 2
£53503/240.09 miMacklin Street, Derby, 2
£59511/250.09 miMacklin Street, Derby, 2
£72506/250.1 mi201 Abbey Street2
£59508/250.1 miMacklin Street, Derby2
£75010/250.1 miFriary Street, Derby, Derbyshire, DE1 1JF2
£1,10003/240.11 miBurleigh Mews, Friar Gate, Derby DE1 1EX2
£82508/250.11 miNorman House, Heritage Gate2
£94508/250.11 miNorman House, Derby2
£97506/250.11 miNorman House, Derby, City Centre, DE12
£92510/250.11 miFriar Gate, DERBY2
£99511/250.11 mi-2
£1,29510/250.11 mi22 Sadler Gate, Derby DE1 3NL, UK2
£85008/250.12 miNorman House, Derby2
£49803/240.12 miStudent Property 24-252
£95003/240.12 miNorman House, Derby2
£95008/250.12 miNorman House, Friar Gate, Derby, Derbyshire, DE1 1NU2
£90007/250.12 mi-2
£90008/250.12 mi-2
£90009/250.12 mi-2
£99512/240.12 mi-2
£1,16503/240.12 miThe Condor Derby DE12
£1,16003/240.12 miThe Condor Derby DE12
£1,18004/240.12 miThe Condor Derby DE12
£1,14003/240.12 miThe Condor Derby DE12
£1,18005/240.12 miThe Condor Derby DE12
£1,17506/250.12 miThe Condor, Derby Derby DE12
£1,22506/250.12 miThe Condor, Derby Derby DE12
£1,26006/250.12 miThe Condor, Derby Derby DE12
£1,22007/250.12 miThe Condor, Derby Derby DE12
£1,25507/250.12 miThe Condor, Derby Derby DE12
£1,23508/250.12 miThe Condor, Derby Derby DE12
£1,23011/250.12 miThe Condor, Derby Derby DE12
£1,23511/250.12 miThe Condor, Derby Derby DE12
£87511/250.12 miNorman House, Friargate2
£1,21504/240.12 miThe Condor Derby DE12

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.56 miles away

Nearest school

0.30 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £120,000

February 26, 2024

Floor Plans

Property image

Description

  • Modern two bedroom apartment +
  • Open plan living +
  • Entrance hall +
  • Two double bedrooms +
  • Plenty of natural light +
  • High ceilings throughout the property +
  • Great city centre location +
  • Gated parking +
  • Council tax band B +
  • EPC rating E (potential rating E) +

Situated in Derby City Centre, with unrivalled access to shops, cafes, bars and restaurants this large modern two bedroom apartment on the first floor of a small block of thirteen is a must see for both first time buyers and landlords alike! Currently tenanted at £7,200 per annum.

Briefly the property comprises a bright entrance hall leading to the open plan living room and kitchen. Dual aspect windows and high ceilings throughout afford the apartment plenty of natural light. Two double bedrooms and a family bathroom are set off the living room. To the front of the block is a communal refuse area, and a gated, unallocated parking area.

Derby City Centre plays host to a range of convenient amenities, ranging from independent to larger name shops, cafes, bars and restaurants. Transport wise, the property is within walking distance of public transport including the bus station, and benefits from good road connections via the inner ring road to the A38, A52, A50 and M1 Motorway.  

ENTRANCE HALL  

LIVING ROOM / KITCHEN 20' 6" x 16' 6" (6.25m x 5.03m)  

BEDROOM 14' 8" x 12' 9" (4.48m x 3.89m)  

BEDROOM 14' 8" x 7' 2" (4.48m x 2.20m)  

BATHROOM  

LEASE INFORMATION Lease Start Date: 11/12/2016
Lease Term: 250 Years From 1 January 2016
Lease End Date: 01/01/2266
Lease Term Remaining: 242 years
 

SERVICE CHARGE AND GROUND RENT Service Charge: circa £1500 per annum
Ground Rent: £250 per annum

Please note we have been advised by the vendor of these costs. Service Charge and Ground Rent is subject to change.

Agent Details

Martin & Co, Derby

01332 215579

Next Steps?

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