3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE3 9GW, £275,000

18 Chevin Avenue, Derbyshire, DE3 9GW - 5 views - a year ago

BTL
Refurb/BRRR
Planning
ROI: 1%
~101 m²
+9 photos

ValuationUndervalued

Sold Prices£155K - £385K
Sold Prices/m²£1.2K/m² - £4.2K/m²

 

 

Square Metres

~101 m²
Price/m²£2.7K/m²

Value Estimate

£281,623
BMV2%

 

 

End Value (After Refurb)

£265,348

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£40,927

Bridging Loan Interest

£7,219

Total Cash In

£129,346

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,348

Mortgage (After Refinance)

£199,011

Mortgage LTV

75%

Cash Left In

£129,346

Equity

£66,337

Rent Range

£950 - £1,425

Rent Estimate

£1,200

Running Costs/mo

£1,089

Cashflow/mo

£111

Cashflow/yr

£1,329

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £155K to £385K, average is £265.8K. £1.2K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£211K01/210.04 mi7, Bishop Lonsdale Way, Mickleover, Derby, City Of Derby DE3 9DF3
£315K04/210.08 mi199, Western Road, Mickleover, Derby, City Of Derby DE3 9GT3
£235K04/210.1 mi26, Hobart Close, Mickleover, Derby, City Of Derby DE3 9LJ3
£250K03/230.14 mi4, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LA3
£273K04/210.15 mi218, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AB3
£270K02/230.15 mi3, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LT3
£259.9K03/210.15 mi8, Auckland Close, Mickleover, Derby, City Of Derby DE3 9LH3
£295K04/230.16 mi25, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LT3
£247K03/210.18 mi12, Holmesfield Drive, Mickleover, Derby, City Of Derby DE3 9JD3
£368K11/220.19 mi268, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AE3
£200K10/210.19 mi1, Melbourne Close, Mickleover, Derby, City Of Derby DE3 9LG3
£308.5K04/230.2 mi134, Western Road, Mickleover, Derby, City Of Derby DE3 9GS3
£210K03/210.2 mi136, Western Road, Mickleover, Derby, City Of Derby DE3 9GS3
£223.5K10/210.23 mi36, North Avenue, Mickleover, Derby, City Of Derby DE3 9HX3
£155K11/200.23 mi118, Girton Way, Mickleover, Derby, City Of Derby DE3 9EB3
£245K05/210.24 mi5, Hamilton Close, Mickleover, Derby, City Of Derby DE3 9LZ3
£385K04/230.24 mi10, North Avenue, Mickleover, Derby, City Of Derby DE3 9HY3
£295K11/220.24 mi33, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU3
£260K05/210.24 mi34, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU3
£187.5K03/210.25 mi10, Homerton Vale, Mickleover, Derby, City Of Derby DE3 9DN3
£200K08/210.27 mi10, Freemantle Road, Mickleover, Derby, Derbyshire DE3 9HW3
£263K01/210.28 mi32, Stanage Green, Mickleover, Derby, City Of Derby DE3 9DX3
£205K02/210.28 mi122, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AA3
£300K03/230.28 mi160, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AA3
£235K03/210.28 mi108, Western Road, Mickleover, Derby, City Of Derby DE3 9GR3
£370K03/230.29 mi16, Murray Road, Mickleover, Derby, City Of Derby DE3 9LE3
£317.5K02/230.3 mi9, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HT3
£315K12/220.31 mi14, Bristol Drive, Mickleover, Derby, City Of Derby DE3 9BT3
£200K04/210.34 mi11, Tasman Close, Mickleover, Derby, City Of Derby DE3 9LF3
£260K06/230.35 mi91, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LR3
£305K03/230.35 mi68, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JY3
£195K03/210.35 mi94, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JY3
£305K06/210.35 mi27, Wade Drive, Mickleover, Derby, City Of Derby DE3 9BS3
£269.9K10/210.35 mi4, Wade Drive, Mickleover, Derby, City Of Derby DE3 9BS3
£257K07/210.35 mi15, Wade Drive, Mickleover, Derby, City Of Derby DE3 9BS3
£285K11/220.35 mi323, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£258K04/210.37 mi82, Western Road, Mickleover, Derby, City Of Derby DE3 9GQ3
£270K06/210.38 mi27, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£365K01/230.38 mi46, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£320K11/210.38 mi337, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£315K01/230.38 mi363, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£320K12/220.38 mi347, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£268.5K09/210.39 mi68, Jackson Avenue, Mickleover, Derby, City Of Derby DE3 9AT3
£289.9K01/230.39 mi37, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£258.5K06/210.4 mi326, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AG3
£300.5K01/230.4 mi370, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AG3
£245K03/230.4 mi111, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HE3
£239K01/210.43 mi47, Jackson Avenue, Mickleover, Derby, City Of Derby DE3 9AS3
£160K12/200.43 mi19, Jackson Avenue, Mickleover, Derby, City Of Derby DE3 9AS3
£330K12/220.43 mi5, Fulmar Close, Mickleover, Derby, City Of Derby DE3 9XH3

Local Rents

25 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00003/240.08 miTempleton Close, Mickleover, DERBY3
£1,20004/240.08 miWestern Road, Mickleover, Derby3
£1,20003/240.1 miHobart Close, Mickleover3
£1,00003/240.11 miMagdalene Drive, Mickleover, Derby, Derbyshire3
£1,42503/250.16 mi-3
£1,25003/240.17 miArundel Avenue, Derby, DE3 9BX3
£1,20003/250.22 miGirton Way, Mickleover3
£1,27503/240.29 miCorden Avenue, Mickleover, DERBY3
£1,35002/240.33 mi-3
£1,35004/240.33 mi-3
£1,20003/240.33 mi-3
£1,35003/240.33 miMyrtle Avenue, Mickleover, Derby, DE33
£1,25003/240.34 miPartridge Way, Mickleover3
£1,20003/240.36 miJackson Avenue3
£95003/240.36 miSwift Close, Mickleover3
£99503/240.36 miSwift Close, Mickleover3
£1,12503/240.43 miJackson Avenue, Mickleover3
£1,10003/250.46 mi-3
£1,25002/250.47 mi-3
£1,10001/250.47 mi-3
£1,09503/250.55 mi-3
£1,17503/240.55 miVictoria Close, Mickleover, DE3 9JQ3
£1,15004/240.56 miUttoxeter Road, Derby, Derbyshire, DE33
£1,20003/240.57 miBay Close, Mickleover3
£99503/240.59 miPortland Close, Mickleover, Derby3

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

2.33 miles away

Nearest school

0.20 miles away

Nearest train station

2.51 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £275,000

May 8, 2024

Sold for £58,000

1996

Floor Plans

Description

  • CHAIN FREE +
  • REFURBISHMENT PROJECT +
  • HUGE POTENTIAL +
  • GENEROUS PLOT WITH AMPLE PARKING SPACE +
  • LARGE VERDANT GARDEN WITH CARPORT +
  • TWO RECEPTION ROOMS WITH FIREPLACE +
  • GARDEN VIEWS +
  • PREVIOUSLY MODERNISED BATHROOM +
  • GARAGE FOR ADDITIONAL PARKING OR STORAGE +
  • TREE LINED CUL DE SAC POSITION +

A semi-detached property near Derby Royal Hospital, ideal for renovation enthusiasts. It offers three bedrooms, two reception rooms, a previously modernised bathroom, and a garage. Located in a quiet cul de sac, it features a large garden and ample parking, promising a perfect blend of convenience and potential for customization. Ideal for families seeking to create their dream home.

Summary Description - For sale, a semi-detached property brimming with potential. Although in need of renovation, this property presents an enticing opportunity for those willing to put their stamp on a home. The residence is located on a quiet, tree-lined cul de sac, close to Derby Royal Hospital with easy access to main routes, public transport links, and local amenities.

The property is situated on a generous plot, providing ample parking space at the front. Double gates open to the rear via a carport, leading to a large, verdant garden, perfect for families or those with a green thumb.

Inside the property, the layout includes two reception rooms, three bedrooms, and a single bathroom. The first reception room is the lounge/diner; a space boasting a charming fireplace, ideal for relaxing evenings in. The second reception room offers garden views and provides direct access to the outdoor area, creating a seamless indoor-outdoor flow. It is open to the long galley-style kitchen, which offers the potential to be transformed into a modern culinary space.

Three bedrooms are available, with two being doubles and the third a single, catering to various family sizes and needs. The bathroom has been previously modernised, ensuring some elements of the property are up to date.

Unique features of this property include a fireplace, a garage for additional parking or storage, and a large garden, waiting to be transformed into a personal oasis. Given its size, location, and potential, this property is ideally suited for families looking to craft their dream home. Don't miss the opportunity to realise the potential of this charming, semi-detached property.

Entrance Hall - Upvc double glazed main entrance door with side windows, radiator, under stairs storage.

Lounge/Diner - An open plan space with bay fronted upvc double glazed window, gas fire to stone chimney breast, tv point, two radiators.

Lounge - 3.61 x 3.63 (11'10" x 11'10" ) -

Dining Area - 3.61 x 3.34 (11'10" x 10'11" ) -

Breakfast Room - 2.71 x 3.23 (8'10" x 10'7") - Upvc double glazed sliding patio doors to rear garden.

Kitchen - 6.16 x 2.23 (20'2" x 7'3") - Timber part glazed door to rear garden, rear aspect upvc double glazed window.

Stairs/Landing - Access to roof space, side aspect upvc double glazed window, over stairs storage.

Bedroom One - 3.36 x 3.64 (11'0" x 11'11") - With front aspect upvc double glazed window, radiator.

Bedroom Two - 3.64 x 3.36 (11'11" x 11'0") - Having rear aspect upvc double glazed window, radiator.

Bedroom Three - 2.17 x 1.8 (7'1" x 5'10") - Having front aspect upvc double glazed window, radiator.

Bathroom - Having rear aspect upvc double glazed window, three piece bathroom suite comprising bathtub, pedestal wash hand basin and low flush wc, airing cupboard with wall mounted Worcester gas combination boiler, heated towel rail.

Outside -

Frontage And Driveway - A tarmacadam driveway with adequate parking for at least three vehicles. Timber gates lead to the rear.

Rear Garden - Beyond the timber gates you will find a cat port leading to a detached timber garage. The garden itself which is large, has a paved patio, lawn and wooden potting shed.

Material Information - Verified Material Information

Council tax band: B

Council tax annual charge: £1639.05 a year (£136.59 a month)

Tenure: Freehold

Property type: House

Property construction: Standard form

Number and types of room: 3 bedrooms, 1 bathroom, 2 receptions

Electricity supply: Mains electricity

Solar Panels: No

Other electricity sources: No

Water supply: Mains water supply

Sewerage: Mains

Heating: Central heating

Heating features: Double glazing

Broadband: FTTP (Fibre to the Premises)

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

Parking: Driveway

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: No Certificate

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 - 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: £1200pcm

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 ///snacks.former.sushi

Agent Details

Scoffield Stone, Hilton

01283 243683

Next Steps?

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