3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE3 0EP, £200,000

39 Fenton Road, Mickleover, Derby, DE3 0EP - 2 views - a year ago

Sold STC
BTL
Refurb/BRRR
Planning
ROI: 2%
~73 m²
+10 photos

ValuationOvervalued

Sold Prices£123.3K - £269.9K
Sold Prices/m²£1.3K/m² - £4.3K/m²

 

 

Square Metres

~73 m²
Price/m²£2.7K/m²

Value Estimate

£165,750

 

 

End Value (After Refurb)

£188,934

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£29,581

Bridging Loan Interest

£5,250

Total Cash In

£97,781

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,934

Mortgage (After Refinance)

£141,700

Mortgage LTV

75%

Cash Left In

£97,781

Equity

£47,233

Rent Range

£900 - £1,350

Rent Estimate

£950

Running Costs/mo

£800

Cashflow/mo

£150

Cashflow/yr

£1,795

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £123.3K to £269.9K, average is £205K. £1.3K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£211K01/230.01 mi33, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP3
£222K10/210.01 mi37, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP3
£220K10/200.01 mi54, Fenton Road, Mickleover, Derby, Derbyshire DE3 0EP3
£240K11/220.04 mi142, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EG3
£190K05/210.04 mi164, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EG3
£175K12/200.04 mi150, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EG3
£175K03/210.05 mi1, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EN3
£230K11/210.07 mi163a, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EF3
£225K02/210.07 mi207, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EF3
£222K07/220.08 mi68, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£260.1K10/220.1 mi65, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£235K10/210.1 mi30, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£184K02/230.1 mi31, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£190K02/210.1 mi35, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£212K12/200.1 mi65, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£150K10/210.1 mi27, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0EQ3
£217.5K07/220.1 mi27, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0EQ3
£185K10/220.1 mi2d, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0EQ3
£210K03/210.11 mi84, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£220K03/230.12 mi48, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£210K10/200.12 mi11, Seaton Close, Mickleover, Derby, City Of Derby DE3 0QH3
£197.5K06/210.13 mi10, Adwick Close, Mickleover, Derby, City Of Derby DE3 0QX3
£210K03/230.13 mi221, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0RR3
£157K03/210.14 mi137, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EE3
£198.5K11/220.14 mi125, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EE3
£205K12/220.15 mi106, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£205K05/230.15 mi122, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£197K09/220.15 mi116, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£137.5K11/200.15 mi124, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£186K12/220.15 mi124, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£220K02/210.16 mi1, Hoylake Drive, Mickleover, Derby, City Of Derby DE3 0QA3
£195K06/210.18 mi6, Cookham Close, Mickleover, Derby, City Of Derby DE3 0RB3
£235K04/230.18 mi3, Cookham Close, Mickleover, Derby, City Of Derby DE3 0RB3
£135.5K05/210.18 mi56, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ER3
£135.5K05/210.18 mi56, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ER3
£210K12/200.2 mi4, Swayfield Close, Mickleover, Derby, City Of Derby DE3 0RN3
£247K11/220.2 mi18, Drysdale Road, Mickleover, Derby, City Of Derby DE3 0PR3
£185K01/210.21 mi5, Starcross Court, Mickleover, Derby, City Of Derby DE3 0PW3
£123.3K05/210.21 mi3, Burnham Drive, Mickleover, Derby, City Of Derby DE3 0QZ3
£269.9K09/210.22 mi77, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0ED3
£176K10/200.22 mi105, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0ED3
£248K11/220.23 mi11, Denver Road, Mickleover, Derby, City Of Derby DE3 0PS3
£192.5K06/210.23 mi10, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£219.9K10/210.23 mi17, Kingsmuir Road, Mickleover, Derby, Derbyshire DE3 0PY3
£170K01/210.23 mi6, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£205K02/210.23 mi35, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£242K03/210.23 mi41, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£199.9K10/200.24 mi41, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£208K05/210.24 mi39, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£199.9K02/210.24 mi75, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3

Local Rents

24 rents from £900/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95004/240.06 miFenton Road, Mickleover, Derby3
£1,15003/250.09 mi-3
£99503/240.12 miBarnwood Close, Mickleover3
£1,10003/240.14 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,05004/240.14 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,05004/240.14 miHoylake Court, Mickleover3
£90003/240.22 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,00003/240.24 miChilson Drive, Mickleover, Derby3
£1,10004/240.26 mi-3
£1,10004/240.28 mi-3
£1,10005/240.31 miChilson Drive, Mickleover, Derby3
£1,05004/240.32 miLadybank Road, Mickleover3
£92503/240.33 miBanwell Close, Mickleover, Derby3
£1,20003/240.35 miBay Close, Mickleover3
£99503/240.45 miPortland Close, Mickleover, Derby3
£1,20003/240.53 miSnowdrop Road, Mickleover, Derby3
£1,20004/240.56 miHarper Drive, Mickleover3
£1,07503/240.56 miBain Gardens, Mickleover, Derbyshire3
£1,07504/240.56 miBain Gardens, Mickleover, Derby3
£1,35002/240.58 mi-3
£1,35004/240.58 mi-3
£1,20003/240.58 mi-3
£1,35003/240.58 miMyrtle Avenue, Mickleover, Derby, DE33
£1,15004/240.59 miUttoxeter Road, Derby, Derbyshire, DE33

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

3.22 miles away

Nearest school

0.10 miles away

Nearest train station

3.36 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £200,000

April 24, 2024

Floor Plans

Description

  • CHAIN FREE +
  • SUPERB POTENTIAL +
  • GENEROUS PLOT +
  • RENOVATION NEEDED +
  • SPACIOUS DOUBLE BEDROOMS +
  • BUILT-IN PANTRY IN KITCHEN +
  • GAS FIRE IN LOUNGE ROOM +
  • QUIET CUL DE SAC LOCATION +
  • CLOSE TO SCHOOL AND AMENITIES +
  • PRIVATE GARDEN SPACE FOR CHILDREN +

Chain free and positioned on a generous plot, a semi-detached property with great potential for renovation and customization, featuring three bedrooms, a spacious kitchen with garden views, and a charming reception room, located in a quiet cul de sac close to schools and parks in a strong community spirit area.

Summary Description - Presenting this semi-detached property, currently listed for sale. Although in need of a full scheme of renovation, it offers superb potential and makes a perfect project for families, couples, first-time buyers, or investors looking for a property with a personal touch.

The house boasts three bedrooms. Two of them are spacious doubles, offering ample space for all your comforts, while the third is a generous single, perfect for a child's room or home office. However, the interiors are open to your creativity and can be transformed to suit your specific needs.

The kitchen is one of the key highlights of this property. It features a built-in pantry for plenty of storage, a dining space for family meals, and a lovely view of the garden, making cooking a delight. The reception room, with its fireplace and garden view, is a warm and inviting space where you can relax or entertain guests.

The location of the property is another of its main assets. It is set in a quiet cul de sac, known for its strong local community spirit. The location is also great for families as it is close to schools and local amenities. For nature lovers, there are several nearby parks to explore and enjoy.

The property also features a garden, providing a safe and private outdoor space for children to play or for you to cultivate your green thumb. With its unique features and excellent location, this property is a wonderful opportunity to create your dream home.

Entrance Hall - Storage cupboard with gas and electric meters.

Lounge - 3.72 x 3.82 (12'2" x 12'6") - With gas fire.

Kitchen/Diner - 2.62 x 4.8 (8'7" x 15'8") - Built in pantry.

Stairs/Landing - Airing cupboard with hot water cylinder, access to roof space.

Bedroom One - 3.71 x 3.07 (12'2" x 10'0") -

Bedroom Two - 2.61 x 3.7 (8'6" x 12'1") -

Bedroom Three - 2.19 x 2.6 (7'2" x 8'6") - Over stairs storage cupboard.

Bathroom - Bathtub with chrome hot and cold taps, wall mounted wash hand basin with chrome hot and cold taps, toilet.

Outside - Positioned on a generous plot, offering the buyer much potential (subject to necessary permissions). Lawn envelopes the property to the front, side and rear. You will also find a useful under stairs storage cupboard, accessed near the rear door to the house.

Material Information - Verified Material Information

Council tax band: B

Council tax annual charge: £1562.64 a year (£130.22 a month)

Tenure: Freehold

Property type: House

Property construction: Standard form

Number and types of room: 3 bedrooms, 1 bathrooms, 1 receptions

Electricity supply: Mains electricity

Solar Panels: No

Other electricity sources: No

Water supply: Mains water supply

Sewerage: Mains

Heating: None

Heating features: None

Broadband: None

Mobile coverage: O2 - Excellent, Vodafone - Excellent, Three - Excellent, EE - Excellent

Parking: On Street

Building safety issues: No

Restrictions - Listed Building: No

Restrictions - Conservation Area: No

Restrictions - Tree Preservation Orders: None

Public right of way: No

Long-term flood risk: No

Coastal erosion risk: No

Planning permission issues: No

Accessibility and adaptations: None

Coal mining area: No

Non-coal mining area: Yes

Energy Performance rating: F

All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.

The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.

Disclaimer 03/2021 - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Floor plans are not drawn to scale and room dimensions are subject to a +/- 50mm (2") tolerance and are based on the maximum dimensions in each room. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.

Buying To Let? - Guide achievable rent price: £950pcm

The above as an indication of the likely rent price you could achieve in current market conditions for a property of this type, presented in good condition. Scoffield Stone offers a full lettings and property management service, so please ask if you would like more information about the potential this property has as a 'Buy to Let' investment.

Location / What3words - what3words ///bits.quick.search

Agent Details

Scoffield Stone, Hilton

01283 243683

Next Steps?

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