2 Bed Flat, Single Let, Derby, DE1 3LS £112,500

Nuns Street, Derby, DE1 3LS - 2 views - 2 years ago
Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
Property image

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£118,590
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,125

Stamp Duty & Legal Fees

£4,575

Total Cash In

£32,700

 

 

Cash Out

 

Rent Range

£450 - £1,295

Rent Estimate

£582

Running Costs/mo

£488

Cashflow/mo

£94

Cashflow/yr

£1,128

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £38K to £174K, average is £117K. £679/m² to £3K/m², average is £1.9K/m².

Price
Date
Distance
Address
Beds
 
£160K05/240.04 miWestgate, Flat 21, Mill Street, Derby DE1 1DH2
£101.5K06/240.08 miCentro West, 50, Searl Street, Derby DE1 1BW2
£42K11/220.08 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£135K06/250.09 mi26, Mill Gate, Ashbourne Road, Derby DE22 3EB2
£135K06/250.09 mi26, Mill Gate, Ashbourne Road, Derby DE22 3EB2
£110K03/250.12 mi11, Leaper Street, Derby DE1 3ND2
£127.5K07/210.12 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£85K10/210.14 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£75K09/240.14 mi5, St Annes Close, Derby DE1 3NE2
£130K08/250.16 mi14, Melton Court Apartments, Ashbourne Road, Derby DE22 3BF2
£143K12/220.18 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£146K08/220.19 miLongs Mill Brookbridge Court, 23, Brook Street, Derby DE1 3LG2
£150.3K04/250.19 mi21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG2
£150.3K04/250.19 mi21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG2
£174K11/240.24 miWeavers Point, 9, Lodge Lane, Derby DE1 3HE2
£174K11/240.24 mi9, Weavers Point, Lodge Lane, Derby DE1 3HE2
£105K01/250.35 miFlat 10, The Maltings, Manchester Street, Derby DE22 3AU2
£105K01/250.35 miFlat 10, The Maltings, Manchester Street, Derby DE22 3AU2
£116K07/240.35 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
£118K07/250.35 miFlat 12, 2 The Maltings, Manchester Street, Derby DE22 3AU2
£38K04/230.35 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£140K03/230.36 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£48K09/210.36 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.36 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£122K01/250.37 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£122K01/250.37 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£110K06/240.37 miRowleys Mill, 26, Uttoxeter New Road, Derby DE22 3TJ2
£47.5K10/240.39 miMillers Court, 5, Edward Street, Derby DE1 3BN2
£90K05/250.39 mi5, Millers Court, Edward Street, Derby DE1 3BN2
£163.5K07/250.42 mi2b, Belper Road, Derby DE1 3EN2
£157K11/240.44 miThe School Yard, 8, Edward Street, Derby DE1 3BL2
£157K11/240.44 mi8, The School Yard, Edward Street, Derby DE1 3BL2
£110K11/240.46 mi45, Arthur Hind Close, Derby DE22 1HS2
£110K11/240.46 mi45, Arthur Hind Close, Derby DE22 1HS2
£135K09/220.47 mi34, Kniveton Close, Derby, City Of Derby DE22 3BB2
£110K05/240.47 mi39, Kniveton Close, Derby DE22 3BB2
£115K08/240.47 mi38, Kniveton Close, Derby DE22 3BB2
£110K05/240.47 mi39, Kniveton Close, Derby, City Of Derby DE22 3BB2
£97.5K10/240.5 mi26, St Marys Court, Derby DE1 3DD2
£123K03/250.51 miFlat 30, Parkland View, Bath Street, Derby DE1 3FG2
£123K03/250.51 miFlat 30, Parkland View, Bath Street, Derby DE1 3FG2
£110K04/240.52 miParkland View, Flat 36, Bath Street, Derby DE1 3FG2
£118K06/240.53 miParkland View, Flat 81, Bath Street, Derby DE1 3FG2
£114K01/230.55 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£92.5K08/210.57 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£129K10/240.59 mi7 Derby Riverside, Apartment 21, Stuart Street, Derby DE1 2EB2
£126.3K12/240.6 miApartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB2
£126.3K12/240.6 miApartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB2

Local Rents

50 rents from £450/mo to £1.3K/mo, average is £885/mo.

Rent
Date
Distance
Address
Beds
 
£1,10008/250.03 miMill Street, DERBY2
£1,10010/250.03 miMill Street, DERBY2
£82510/250.03 miMill Street, Derby, DE12
£75007/250.04 miMill Street, Derby, DE12
£85004/240.04 miWestgate, Mill Street, Derby2
£99504/240.04 miMill Street, Derby, DE12
£99504/240.04 miMill Street, Derby, DE12
£89504/240.04 miMill Street, Derby, DE12
£89506/250.04 miMill Street, Derby, DE12
£94507/250.04 mi-2
£94507/250.04 miMill Street, Derby, DE12
£92508/250.04 miRedshaw Street, Derby2
£1,17510/250.05 miPenthouse, Westgate, Mill Street, Derby2
£72510/250.07 miBrick Street, Derby, Derbyshire, DE12
£1,09512/240.09 mi-2
£82511/250.09 miCentro West, Searl Street, Derby, DE1 1BW2
£87511/250.09 miCentro West, Searl Street, Derby, DE1 1BW2
£75008/250.09 miCentro West, Searl Street2
£85004/240.09 miCentro West, Searl Street, Derby, DE1 1BW2
£80009/250.09 miCentro West, Searl Street, Derby, DE1 1BW2
£67507/250.09 miCentro West, Searl Street DE1 1BW2
£54210/250.09 miFriar Gate, Derby, DE1 1HF - Students 26/272
£92508/250.1 miMill Gate, Ashbourne Road, Derby2
£95002/250.1 mi-2
£90009/250.1 mi-2
£95007/250.1 miSearl Street, Derby, DE12
£95008/250.1 miSearl Street, Derby, DE12
£90010/250.1 miSearl Street, DERBY2
£1,00005/240.1 mi-2
£82509/250.1 miCentro West, Searl Street, Derby, Derbyshire, DE1 1BW2
£81510/250.11 miMarkeaton Street, Derby2
£1,08303/240.11 miFriar Gate, Derby, Derbyshire, DE12
£62810/250.11 miFriar Gate, Derby, City Centre, DE12
£85010/250.11 miFriar Gate, Derby, City Centre, DE12
£85011/250.11 miFriar Gate, Derby, City Centre, DE12
£85007/250.11 miAgard Street, Derby2
£85008/250.11 miBrook Street, Derby2
£1,29504/250.12 mi-2
£80008/250.12 miBrook Street, Derby, DE12
£95003/240.12 miBrook Street, Derby, DE12
£97503/240.12 miWestpoint, Brook Street, DE1 3TE2
£89503/240.12 miBrook Street, Derby, Derbyshire, DE12
£77505/240.12 miApartment 12 Westpoint, Brook Street, Derby2
£85011/250.12 miApartment 12 Westpoint, Brook Street, Derby2
£69507/250.12 miCentro West, Searl Street, Derby2
£64507/250.12 miCentro West, Searl Street, Derby2
£82008/250.12 miWest Point, Brook Street, Derby2
£45009/250.12 miWest Point, Brook Street, Derby2
£99512/240.12 mi-2
£1,10001/250.12 mi-2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.99 miles away

Nearest school

0.10 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £112,500

February 27, 2024

Floor Plans

Property image

Description

  • Third Floor Apartment +
  • Two Bedrooms +
  • Ensuite To Master +
  • Open Plan Living Area +
  • Secure Off Road Parking +
  • Close To City / Friar Gate Area +
  • Gas Central Heating & Double Glazing +
  • Tenants In Place At £700 PCM +

SUMMARY
A contemporary two bedroom third floor apartment in a prime location close to the Friar Gate area of the City offered for sale with tenants in place at £700 pcm.

DESCRIPTION
A contemporary two bedroom third floor apartment in a prime location close to the Friar Gate area of the City offered for sale with a tenant in situ at £700 PCM. The accommodation should appeal to buy to let investors and in brief comprises of a large entrance hallway accessed via secure communal areas with lift access, well-appointed open plan living/kitchen area with integrated appliances, master bedroom with en-suite shower room, guest bedroom and bathroom. Outside can be found gated secure off road parking. The property is well placed within easy walking distance of the City and the Friar Gate area offering a range of upmarket restaurants, bars and independent shops and also has good road links with the A38, A52 and the Royal Derby Hospital. An internal viewing comes highly recommended to fully appreciate the accommodation on offer.

Accommodation 
Entrance Hallway
Accessed via secure communal areas and having a lift and stairs to all floors. Built-in storage cupboard, double glazed window and access to a boarded loft.

Open Plan Living/kitchen Area 21' 7" x 11' 11" ( 6.58m x 3.63m )
Fitted with a range of modern matching wall and base units with work surfaces over, sink and drainer with mixer tap over, integrated oven and hob with extractor fan over, integrated fridge/freezer, washer/dryer and dishwasher, gas central heating radiators, TV point, tiled flooring, Velux sky-lights and double glazed window.

Master Bedroom 13' 10" x 11' 6" max ( 4.22m x 3.51m max )
Having double glazed sky-light and gas central heating radiator. Door leading to:

En-Suite Shower Room
Fitted with a three piece suite comprising a shower cubicle with shower over and tiled surround, wash hand basin and low level WC. Recess spotlights, extractor fan and tiled flooring.

Guest Bedroom 11' x 7' 3" ( 3.35m x 2.21m )
Having double glazed sky-light and gas central heating radiator.

Bathroom
Fitted with a three piece suite comprising panelled bath with shower over, wash hand basin and low level WC. Part tiled walls, gas central heating radiator and shaver point.

Note
We have been advised by the current owner that the property is subject to a share of the freehold and the maintenance and service charge is £140 per calendar month.

Lease details are currently being compiled. For 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. 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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