3 Bed Semi-Detached House, Cash/Bridging Only, Derby, DE73 6RW, £230,000

230, Chestnut Avenue, Chellaston, Derby, DE73 6RW - 10 months ago

Sold STC
Cash
ROI: 1%
~93 m²
+4 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£36,314

Bridging Loan Interest

£6,038

Total Cash In

£114,301

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,468

Mortgage (After Refinance)

£166,851

Mortgage LTV

75%

Cash Left In

£114,301

Equity

£55,617

Rent Range

£800 - £1,250

Rent Estimate

£1,030

Running Costs/mo

£921

Cashflow/mo

£109

Cashflow/yr

£1,308

ROI

1%

Gross Yield

5%













Local Rents

30 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,25004/240.3 miAstorville Park Road, Chellaston, DERBY3
£1,25004/240.3 miAstorville Park Road, Chellaston, Derby, Derbyshire, DE73 6XW3
£1,25004/240.32 miAstorville Park Road, Chellaston, Derby, Derbyshire3
£1,25004/240.32 miAstorville Park Road, Chellaston, Derby, Derbyshire3
£1,00012/240.5 miWroxham Close, Shelton Lock, DERBY3
£95004/240.51 miParkway, Chellaston, Derby3
£95004/240.51 miParkway, Chellaston, Derby3
£95004/240.61 miFellow Lands Way, Chellaston, Derby, Derbyshire3
£89503/240.66 miTuphall Close, Chellaston, Derby, DE733
£95012/240.69 mi-3
£1,05012/240.73 miHoltlands Drive, Alvaston, Derby3
£90003/240.74 mi-3
£92504/240.75 miGreen Avenue, Chellaston, Derby3
£80012/240.77 mi-3
£92503/240.81 miKnights Road, Chellaston, Derby3
£1,05002/250.81 mi-3
£1,05004/240.82 miAvalon Drive, Chellaston, Derby, Derbyshire3
£1,00012/240.83 mi-3
£89503/240.86 miMarquis Gardens, Chellaston3
£1,10012/240.86 miMarquis Gardens, Chellaston3
£89512/240.88 miMoor Drive, Alvaston, Derby, Derbyshire3
£85012/240.94 miRockhouse Road, Alvaston, Derby, Derbyshire3
£1,15004/240.97 miWoodgate Drive, Chellaston, Derby3
£1,25004/241.03 miRoyal Approach, Chellaston3
£1,25003/241.09 miWalden Close, Chellaston3
£95001/241.11 mi-3
£1,10003/241.14 miKingsgate Road, Chellaston, Derby, Derbyshire, DE73 6XA3
£99512/241.2 miMitford Road, Derby, DE24 5BR3
£1,20012/241.23 miMoor Lane, Allenton, Derby3
£1,00003/251.24 mi-3

Local Area Statistics

Population in DE73

19,040

Population in Derby

308,324

Town centre distance

2.90 miles away

Nearest school

0.40 miles away

Nearest train station

1.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Price changed to £230,000

February 24, 2025

Price changed to £240,000

October 12, 2024

Listed for £255,000

May 4, 2024

Floor Plans

Description

  • Private road backing onto cycle paths +
  • 2 generous reception rooms +
  • Enclosed private rear garden +
  • Off road parking +
  • No chain +
  • Period style fireplaces +
  • Popular location +
  • EPC rating D. Council tax band C +
  • VIRTUAL 360 TOUR AVAILABLE +

Entrance to the property is via an entrance lobby located on the side of the property and featuring a high coved ceiling, stripped pine original doors and a large built in cloaks cupboard.

The lounge overlooks the front elevation via an impressive square bay with double glazed windows there are high coved ceilings, a period style radiator, tiffany style wall lights and a feature Victorian style cast iron fireplace with a patterned tile back, granite hearth and an elegant wooden surround.

The dining room is a spacious multi purpose space with room for a dining set and occasional seating again with high coved ceilings, dado rail, period style radiator, a double glazed windows to both the rear and side elevations, a period style cast iron fireplace and ornate surround. An original stripped pine door leads off to the stairwell and a matching door opens into the kitchen.

The kitchen is fitted with an extensive range of base and eye level units with roll edge worksurfaces, inset one and a half bowl sink unit with mixer tap, tiled splashbacks, built-in oven with four ring gas hob, integrated dishwasher and spaces for a microwave, fridge freezer, washing machine and tumble dryer. There is Cornish slate tiled floor, double glazed windows to the rear and side elevations, a modern vertical radiator and an entrance door opening out onto the rear patio.

An enclosed staircase leads to the first floor landing with access to the roof space, coved ceilings, radiator, a double glazed window to the side and stripped pine doors leading off to the bedrooms and bathroom.

Bedroom one has two double glazed windows to the front and has two built-in double wardrobes incorporated into panelling to dado rail height, coved ceiling, central heating radiator. Bedroom two has a period style fireplace, double glazed window to the rear and a built-in over stairs storage cupboard. Bedroom three has a double glazed window to the rear and a central heating radiator.

The family bathroom is fitted with a three piece suite comprising low flush WC, pedestal wash basin and a panelled bath with shower over, ceramic tiling to half wall height (full height to shower area), opaque double glazed window to the side, central heating radiator.

Outside the property is located on a private road with a fairly narrow tarmaced driveway to the side and off road parking in front of the property. Gated access to the side leads to the fully enclosed rear garden which enjoys a good degree of privacy as it backs onto the a cycle path with trees and shrubs running along the side of the path providing security and privacy. The garden is mainly laid to lawn with a paved patio area and raised flower beds.

Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Property construction: Traditional Parking: Drive
Electricity supply: Mains Water supply: Mains
Sewerage: Mains Heating: Gas
(Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: Fibre
See Ofcom link for speed:
Mobile signal/coverage: See Ofcom link
Local Authority/Tax Band: Derby City Council / Tax Band C
Useful Websites:
Our Ref: JG01052024
The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain. If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property. Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.

We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof / source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property. We use the Checkboard app to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history. With effect from 1st March 2025 a non-refundable compliance fee of £30.00 inc. VAT per buyer / donor will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.

Agent Details

John German, Derby

01332 215682

Next Steps?

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