3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE22 4FH, £175,000

5 Balham Walk, Derby, City Of Derby, DE22 4FH - 11 views - a year ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+18 photos

ValuationFair Value

Sold Prices£97K - £275K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£176,750

 

 

End Value (After Refurb)

£193,532

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£37,600

Bridging Loan Interest

£4,594

Total Cash In

£94,144

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,532

Mortgage (After Refinance)

£145,149

Mortgage LTV

75%

Cash Released

£13,899

Cash Left In

£80,245

Equity

£48,383

Rent Range

£770 - £2,800

Rent Estimate

£993

Running Costs/mo

£823

Cashflow/mo

£170

Cashflow/yr

£2,035

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £97K to £275K, average is £181.5K. £1.1K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£230K02/230.06 mi53, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£190.5K01/230.06 mi23, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£190K12/220.07 mi22, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£167K03/210.09 mi13, Finchley Avenue, Derby, City Of Derby DE22 4ES3
£257.5K12/200.13 mi15, Woodford Road, Derby, City Of Derby DE22 4EF3
£218K09/210.14 mi40, Reigate Drive, Derby, City Of Derby DE22 4EN3
£186K04/230.14 mi29, Harlesden Avenue, Derby, City Of Derby DE22 4EA3
£127.5K04/210.14 mi35, Harlesden Avenue, Derby, City Of Derby DE22 4EA3
£195K09/210.15 mi17, Green Park, Derby, City Of Derby DE22 4EX3
£169.9K03/210.16 mi6, Kingsbury Road, Derby, City Of Derby DE22 4JP3
£187K01/230.18 mi8, Isleworth Drive, Derby, City Of Derby DE22 4JR3
£145K03/210.19 mi16, Isleworth Drive, Derby, City Of Derby DE22 4JR3
£185K05/210.21 mi29, Woodford Road, Derby, City Of Derby DE22 4EG3
£220K02/230.21 mi78, Brentford Drive, Derby, City Of Derby DE22 4BQ3
£210K12/200.22 mi2, Sydenham Road, Derby, City Of Derby DE22 4EH3
£175K08/210.25 mi38, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£180K10/210.25 mi79, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£190K07/230.26 mi49, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£190K06/230.26 mi84, Finchley Avenue, Derby, City Of Derby DE22 4EU3
£97K08/210.29 mi80, Walthamstow Drive, Derby, City Of Derby DE22 4BR3
£97K08/210.29 mi80, Walthamstow Drive, Derby, City Of Derby DE22 4BR3
£215K05/230.29 mi2, Birdcage Walk, Derby, City Of Derby DE22 4LA3
£118K02/210.29 mi2, Birdcage Walk, Derby, City Of Derby DE22 4LA3
£175K10/210.3 mi18, Finsbury Avenue, Derby, City Of Derby DE22 4BT3
£145K03/210.31 mi73, Isleworth Drive, Derby, City Of Derby DE22 4JT3
£135K11/200.31 mi30, Brompton Road, Derby, City Of Derby DE22 4LF3
£171.5K05/230.31 mi26, Brentford Drive, Derby, City Of Derby DE22 4BP3
£180K06/230.31 mi29, Walthamstow Drive, Derby, City Of Derby DE22 4BS3
£180K07/210.31 mi27, Walthamstow Drive, Derby, City Of Derby DE22 4BS3
£100K02/210.33 mi57, Kensal Rise, Derby, City Of Derby DE22 4DB3
£165K01/230.34 mi100, Westbourne Park, Derby, City Of Derby DE22 4GZ3
£168K04/210.34 mi8, Endsleigh Gardens, Derby, City Of Derby DE22 4HE3
£175K09/210.35 mi9, Laburnum Grove, Kingsway, Derby, City Of Derby DE22 4AX3
£203K12/220.36 mi172a, Prince Charles Avenue, Derby, City Of Derby DE22 4LQ3
£185K12/200.36 mi5, Havering Close, Derby, City Of Derby DE22 4NP3
£192K10/210.38 mi53, Humbleton Drive, Derby, City Of Derby DE22 4AU3
£183K11/200.38 mi65, Merton Drive, Derby, City Of Derby DE22 4JL3
£260K11/200.38 mi47, Brackensdale Avenue, Derby, City Of Derby DE22 4AF3
£212K04/210.38 mi83, Brackensdale Avenue, Derby, City Of Derby DE22 4AF3
£230K05/230.38 mi1, Brompton Road, Derby, City Of Derby DE22 4LE3
£138K02/210.43 mi120, Westbourne Park, Derby, City Of Derby DE22 4HB3
£187.5K12/200.43 mi38, Greenland Avenue, Derby, Derbyshire DE22 4AP3
£158.5K02/210.43 mi9, Brentford Drive, Derby, City Of Derby DE22 4BN3
£210K04/230.44 mi11, Hendon Way, Derby, City Of Derby DE22 4BZ3
£140K03/210.45 mi8, Southwark Close, Derby, City Of Derby DE22 4AL3
£197.8K11/210.46 mi15, Enfield Road, Derby, City Of Derby DE22 4DG3
£275K06/230.46 mi84, Enfield Road, Derby, City Of Derby DE22 4DG3
£128K05/210.47 mi9, Kensal Rise, Derby, City Of Derby DE22 4DA3
£140K01/210.47 mi6, Kensal Rise, Derby, City Of Derby DE22 4DA3
£130K12/200.47 mi4, Fulham Road, Derby, City Of Derby DE22 4GB3

Local Rents

11 rents from £770/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,29904/250.14 mi-3
£97512/240.2 miCamberwell Avenue, Derby3
£2,80002/250.21 mi-3
£77012/240.27 mi-3
£1,20003/250.33 mi-3
£1,40004/240.39 mi-3
£1,40012/240.39 miNewham Close, Derby, DE223
£95002/250.46 miMayfair Crescent, DERBY3
£1,05003/250.48 mi-3
£90012/240.52 miDulwich Road, Mackworth, Derby, DE223
£78002/250.56 mi-3

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

2.17 miles away

Nearest school

0.20 miles away

Nearest train station

2.56 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £175,000

September 25, 2024

Listed for £185,000

April 17, 2024

Sold for £41,995

1997

Sold for £23,000

1995

Floor Plans

Description

Situated in a very nice location away from the road overlooking green open space within a short stroll of local amenities and bus links. The property has been extended to the left hand side, so is now a very good size indeed. There is a combination boiler fuelling the central heating and hot water, plus UPVC double glazed windows throughout. The spacious sitting room is dual aspect with a view of the green at the front and also one of the garden at the rear, plus there is a good size dining room and roomy kitchen which again has a dual aspect. To the ground floor is a WC off the hallway, whilst on the first floor are three good size bedrooms and a recently fitted wet room. The garden is private and spacious and OFF ROAD PARKING IS 20 YARDS AWAY FROM THE PROPERTY. This is an ideal opportunity to acquire a superb family home in a serviceable condition, however it does require a scheme of modernisation to meet it's full potential.

Agent Details

Everington & Ruddle, Derby

01332 215068

Next Steps?

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