3 Bed Terraced House, Refurb/BRRR, Derby, DE1 3SE, £175,000

28 Marcus Street, Chester Green, Derby, DE1 3SE - a year ago

Refurb/BRRR
ROI: 1%
107 m²
+5 photos

ValuationFair Value

Sold Prices£108K - £440K
Sold Prices/m²£1K/m² - £4.6K/m²

 

 

Square Metres

107 m²
Price/m²£1.6K/m²

Value Estimate

£176,750

 

 

End Value (After Refurb)

£215,686

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£43,260

Bridging Loan Interest

£4,594

Total Cash In

£104,304

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,686

Mortgage (After Refinance)

£161,764

Mortgage LTV

75%

Cash Released

£30,514

Cash Left In

£73,790

Equity

£53,921

Rent Range

£442 - £1,300

Rent Estimate

£966

Running Costs/mo

£887

Cashflow/mo

£79

Cashflow/yr

£945

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £108K to £440K, average is £212K. £1K/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£190K03/210.01 mi80, Chester Green Road, Derby, City Of Derby DE1 3SF3
£210K06/220.01 mi40, Chester Green Road, Derby, City Of Derby DE1 3SF3
£178K06/210.04 mi35, Camp Street, Derby, Derbyshire DE1 3SD3
£188K06/210.06 mi2, Kirk Street, Derby, City Of Derby DE1 3SB3
£157.5K12/200.07 mi21, Derventio Close, Derby, City Of Derby DE1 3TD3
£108K12/200.07 mi93, Old Chester Road, Derby, City Of Derby DE1 3SA3
£168K11/200.07 mi13, Old Chester Road, Derby, City Of Derby DE1 3SA3
£158K09/210.07 mi77, Old Chester Road, Derby, City Of Derby DE1 3SA3
£140K11/200.13 mi150, Mansfield Road, Derby, City Of Derby DE1 3RA3
£188K11/200.13 mi27, Roman Road, Derby, City Of Derby DE1 3RX3
£217.5K04/220.15 mi24, Auriga Court, Derby, City Of Derby DE1 3RH3
£197K05/210.15 mi22, Auriga Court, Derby, City Of Derby DE1 3RH3
£171K05/210.21 mi40, Etruria Gardens, Derby, City Of Derby DE1 3RL3
£170K06/210.25 mi32, Euston Drive, Derby, City Of Derby DE1 3TL3
£209.9K03/220.25 mi24, Euston Drive, Derby, City Of Derby DE1 3TL3
£201K07/220.25 mi16, Euston Drive, Derby, City Of Derby DE1 3TL3
£300K01/230.28 mi9, Kingston Street, Derby, City Of Derby DE1 3EZ3
£279.9K10/200.28 mi7, Otter Street, Derby, City Of Derby DE1 3FD3
£212K08/210.28 mi45, Otter Street, Derby, City Of Derby DE1 3FD3
£212K08/210.28 mi45, Otter Street, Derby, City Of Derby DE1 3FD3
£365K12/210.3 mi88, Arthur Street, Derby, City Of Derby DE1 3EH3
£207K02/230.33 mi3, Bath Street, Derby, City Of Derby DE1 3BU3
£252K10/210.34 mi33, North Street, Derby, City Of Derby DE1 3AZ3
£335K06/210.34 mi4, Milford Street, Derby, City Of Derby DE1 3EL3
£287K11/220.35 mi25, North Street, Derby, City Of Derby DE1 3AZ3
£265K07/210.35 mi49, Arthur Street, Derby, City Of Derby DE1 3EG3
£264K04/210.35 mi44, Arthur Street, Derby, City Of Derby DE1 3EG3
£326K04/210.37 mi55, Belper Road, Derby, City Of Derby DE1 3EP3
£190.9K03/210.39 mi19, North Street, Derby, Derbyshire DE1 3AZ3
£252K10/210.39 mi33, North Street, Derby, City Of Derby DE1 3AZ3
£372.5K04/210.4 mi24, Chevin Road, Derby, City Of Derby DE1 3EX3
£433.5K10/220.4 mi32, Chevin Road, Derby, City Of Derby DE1 3EX3
£117K01/210.42 mi10, Arthur Street, Derby, Derbyshire DE1 3EF3
£185K03/230.42 mi22, Arthur Street, Derby, City Of Derby DE1 3EF3
£275K11/200.45 mi18, Bank View Road, Derby, City Of Derby DE22 1EJ3
£335K05/210.45 mi30, Bank View Road, Derby, City Of Derby DE22 1EJ3
£440K04/230.45 mi54, Bank View Road, Derby, City Of Derby DE22 1EJ3
£375K11/200.5 mi244, Duffield Road, Derby, City Of Derby DE22 1BL3
£190K01/230.51 mi119, Nottingham Road, Derby, City Of Derby DE1 3QR3
£285K06/230.59 mi26, West Bank Avenue, Derby, City Of Derby DE22 1AP3
£437.5K09/210.6 mi8, Folly Road, Darley Abbey, Derby, City Of Derby DE22 1ED3
£325K05/210.61 mi10, White Street, Derby, City Of Derby DE22 1HA3
£275K09/210.62 mi24, Park Grove, Derby, City Of Derby DE22 1HD3
£190K06/230.62 mi86, Bridge Street, Derby, City Of Derby DE1 3LF3
£239.9K02/210.64 mi13, New Road, Darley Abbey, Derby, City Of Derby DE22 1DR3
£155K10/210.64 mi20, Kinross Avenue, Derby, City Of Derby DE21 6BP3
£126K06/210.64 mi17, Kinross Avenue, Derby, City Of Derby DE21 6BP3
£125K02/210.64 mi54, Kinross Avenue, Derby, City Of Derby DE21 6BQ3
£373.5K06/210.64 mi7, Vicarwood Avenue, Darley Abbey, Derby, City Of Derby DE22 1BX3
£260K03/210.65 mi16, Statham Street, Derby, City Of Derby DE22 1HQ3

Local Rents

13 rents from £442/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99504/240.09 miMansfield Road, Chester Green3
£1,10012/240.1 mi-3
£1,10003/240.13 miRoman Road, DERBY3
£1,09503/240.16 miSt Pauls Road, Chester Green, DE13
£1,10003/240.16 miAuriga Court, Derby3
£1,30005/240.35 miArthur Street, Derby3
£1,29503/240.35 miBelper Road, Derby3
£1,30004/240.38 miSt Nicholas Place, Milford Street3
£82512/240.41 mi-3
£99503/240.42 miApartment 9, Five Lamps Belper Road, Derby, Derbyshire3
£46805/240.44 mi3 Bedroom Flat, Duffield Road - Students3
£54203/240.44 mi3 Bedroom Flat, Duffield Road - Students3
£44203/240.5 mi3-Bed Flat, Brookside, Kedleston Street, Derby3

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

1.21 miles away

Nearest school

0.40 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £175,000

November 8, 2024

Listed for £180,000

May 17, 2024

Floor Plans

Description

  • End-Terraced +
  • Immediate Vacant Possession +
  • In Need of Full Modernisation +
  • Two Reception Rooms +
  • Desirable Location +
  • Three Bedrooms +
  • Close to Darley Park +
  • Pleasant Rear Garden +
  • Walking Distance of Derby City Centre +
  • Council Tax Band B +

A LARGE, THREE-BEDROOMED END-TERRACED RESIDENCE, enjoying a highly desirable location, and offering an excellent opportunity for a scheme of full refurbishment to individual taste. Available with IMMEDIATE VACANT POSSESSION, the accommodation has the benefit of extensive UPVC double glazing, and briefly comprises: -

GROUND FLOOR, side entrance hall, front lounge, dining room, kitchen, and store with WC. FIRST FLOOR, landing, three Bedrooms, wash room, and walk-in box room. OUTSIDE, good-sized mature gardens. EPC G exp. 2034, Council Tax Band B.
PLEASE NOTE, The EPC rating is G, as there is currently no heating or hot water connected.

The Property - An end-terraced property, which is in need of a full scheme of refurbishment, and offers an excellent opportunity for any intended purchaser to undertake a scheme to their own requirements, subject to obtaining the usual planning and building regulation approvals. The property is available with immediate vacant possession, and comprises side entrance hall, two reception rooms, kitchen, store with WC, three bedrooms, wash room, walk-in box room, and mature gardens.

PLEASE NOTE, The EPC rating is G, as there is currently no heating or hot water connected.

Location - The property enjoys a quiet and pleasant position, fronting a pedestrian walkway, close to open space, within the highly desirable Chester Green Conservation Area. It is close to Darley Park, with its pleasant riverside walks. The city centre is a short walk downstream. Ease of access is afforded to Derby's ring road system, and to the A38, A52 and A50 for commuting throughout the region.

Directions - When leaving Derby city centre by vehicle, proceed north along the Old Mansfield Road, and after passing Chester Green turn left into Old Chester Road, left into Kirk Street, and right into Camp Street. Marcus Street is located at the end of Camp Street.

Please note, this is a 'residents only' pedestrianised parking area, with visitor permits available.

Viewings - Strictly by prior appointment with the Sole Agents, Gadsby Nichols. REF: R13384.

Accommodation - Having the benefit of extensive UPVC double glazing, the detailed accommodation comprises: -

Ground Floor -

Side Entrance Hall - Having entrance door, and stairs to the first floor.

Front Lounge - 4.88m max x 3.38m min (16'0" max x 11'1" min) - Having exposed brick fireplace, picture railing, ceiling coving, and UPVC double glazed window.

Dining Room - 3.71m max x 3.63m (12'2" max x 11'11") - Having UPVC double glazed double French doors to the rear garden.

Potential Kitchen - 3.66m x 2.95m (12'0" x 9'8") - Having UPVC double glazed window, quarry-tiled floor, walk-in understairs store, and walk-in pantry.

Potential Utility/Wc - Having UPVC double glazed rear door, and low-level WC.

First Floor -

Landing - Having access to the loft space, by way of an aluminium ladder.

Front Bedroom One - 4.88m max x 3.38m (16'0" max x 11'1") - Having UPVC double glazed window.

Rear Bedroom Two - 3.71m max x 3.63m (12'2" max x 11'11") - Having UPVC double glazed window, and built-in airing cupboard.

Bedroom Three - 2.72m x 2.67m (8'11" x 8'9") - Having UPVC double glazed window.

Potential Bathroom - Currently having low-level WC and UPVC double glazed window.

Walk-In Box Room - Having shelving.

Outside -

Shared Side Passageway - Providing access to the subject property and the adjoining property.

Rear Garden - Pleasant mature rear garden, having flower borders, and apple and pear trees.

Additional Information -

Tenure - We understand the property is held freehold, with vacant possession provided upon completion.

Do You Need A Survey? - If you are not buying one of our properties, but need a valuation, please contact our offices for further information and advice on . We offer a range of surveys and valuations to cover all house types.

Anti-Money Laundering (Aml) Regulations - In accordance with AML Regulations, it is our duty to verify all Clients, at the start of any matter, before accepting instructions to market their property.

We cannot market a property before carrying out the relevant checks, and in the case of Probate, we must verify the identity of all Executors, if there are more than one.

In order to carry out the identity checks, we will need to request the following: -
a)Proof of Identity – we will also need to verify this information by having sight of photographic ID. This can be in the form of a photographic driving license, passport, or national identity card;
b)Proof of Address – we will need to verify this information by having sight of a utility bill, bank statement, or similar. A mobile phone bill, or marketing mail will not be acceptable.

Please supply the above as a matter of urgency, so that we may commence marketing with immediate effect.

Ref: R13384 -

Agent Details

Gadsby Nichols, Derby

01332 215072

Next Steps?

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