2 Bed Flat, Single Let, Derby, DE1 3BA, £110,000

Duke Street, Derby, DE1 3BA - a year ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£30K - £162.5K
Sold Prices/m²£545/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£118,590
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£412 - £2,395

Rent Estimate

£646

Running Costs/mo

£493

Cashflow/mo

£153

Cashflow/yr

£1,836

ROI

5%

Gross Yield

7%

Local Sold Prices

41 sold prices from £30K to £162.5K, average is £116K. £545/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£114K01/230 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£61.5K03/210.05 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£127.5K11/200.11 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.11 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£143K12/220.38 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£135K08/220.4 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£85K10/210.43 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£124.5K06/230.44 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.44 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.44 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/220.44 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.44 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/210.44 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.44 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.45 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/220.45 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£127.5K07/210.45 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£30K02/210.48 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.48 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£140K03/230.57 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£42K11/220.6 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.6 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.6 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£162.5K04/210.7 miApartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY2
£48K09/210.72 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.72 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£110K05/220.72 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£42.5K09/220.75 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.75 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.76 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£90K07/220.78 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£78K01/210.8 mi31, Moray Walk, Derby, City Of Derby DE21 6BR2
£78.5K08/210.87 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.87 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£157K05/210.88 mi2, Darley Street, Darley Abbey, Derby, City Of Derby DE22 1DX2
£155K03/230.89 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£130K06/210.97 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£158K03/230.97 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£149K02/230.97 mi104, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£135K09/220.97 mi34, Kniveton Close, Derby, City Of Derby DE22 3BB2
£136K06/210.98 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2

Local Rents

51 rents from £412/mo to £2.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£85003/240.01 miWaterside House, Derby2
£85003/240.01 miApartment 13, Waterside House, Duke Street, Derby2
£85003/240.01 miApartment 13, Waterside House, Duke Street, Derby2
£95010/230.09 miHandyside Street, Derby, Derbyshire, DE12
£65003/240.09 miNorth Parade, Derby2
£79504/240.11 miApartment 28 City Walk, City Road, Chester Green, Derby, DE1 3QD2
£85005/240.11 miCity Walk, Derby, DE1 3QD2
£75003/240.11 miSt Mary’S Court, Derby, DE12
£75004/240.11 mi-2
£70003/240.12 miSt. Marys Court, Duke Street, Derby, DE1 3DD2
£41203/240.14 miNorthgate, North Street, Derby2
£95004/250.15 mi-2
£65003/240.16 mi4 The Stables, Arthur Street, Derby, Derbyshire, DE12
£80004/240.16 mi-2
£64503/240.16 miKings Court, Arthur Street, Derby, DE1 3DH 2
£95002/240.16 mi-2
£95006/240.19 mi-2
£95012/240.19 mi-2
£95012/240.19 mi-2
£95012/240.19 mi-2
£85002/250.19 mi-2
£95002/250.19 mi-2
£99502/250.19 mi-2
£95002/250.19 mi-2
£95002/250.19 mi-2
£85002/250.19 mi-2
£95002/250.19 mi-2
£85003/250.19 mi-2
£79503/250.19 mi-2
£90004/250.19 mi-2
£97504/250.19 mi-2
£85004/250.19 mi-2
£87504/250.19 mi-2
£90004/250.19 mi-2
£95005/240.19 miKing's Crescent Apartments, Derby, DE12
£99504/240.2 mi-2
£99503/240.2 miKing's Crescent Apartments, Derby, DE12
£95004/240.2 mi-2
£95003/240.2 miKing's Crescent Apartments, Derby, DE12
£99504/240.2 miKing's Crescent Apartments, Derby, DE12
£95004/240.2 miKing's Crescent Apartments, Derby, DE12
£99502/240.2 mi-2
£99503/240.2 miKings Crescent Apartments, Derby, DE12
£99504/250.2 mi-2
£2,39504/240.21 mi-2
£2,39503/240.21 mi-2
£2,39504/240.21 mi-2
£2,39505/240.21 mi-2
£2,39505/240.21 mi-2
£2,39505/240.21 mi-2
£2,39512/240.21 mi-2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.95 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £110,000

January 19, 2025

Listed for £130,000

June 4, 2024

Floor Plans

Description

  • Modern Apartment +
  • River Views +
  • Close To Derby City & Darley Park +
  • Two Bedrooms +
  • Ensuite To Master +
  • Living Kitchen +
  • Parking +
  • Viewing Advised +

SUMMARY
A spacious two bedroom apartment located close to Derby City and the Picturesque Darley Park ideally suited to a first time buyer or buy to let investor.

DESCRIPTION
A spacious two bedroom apartment located close to Derby City and the Picturesque Darley Park ideally suited to a first time buyer or buy to let investor. The accommodation is accessed via secure communal areas and in brief comprises a hallway, generous living kitchen with balcony, master bedroom with ensuite, second guest bedroom and bathroom. Outside can be found off road parking. The apartment is well placed for easy access to Derby City and road links with the A38 and A52 leading to the M1 - Internal viewing advised.

Entrance Hall 
Accessed via secure communal areas with entry phone system. Door giving access into kitchen/living area.

Kitchen/Living Area 15' 3" x 12' 2" max ( 4.65m x 3.71m max )
Kitchen area comprising of matching wall and base units, work surfaces incorporating a stainless steel one and a half bowl sink and drainer with mixer tap over, integrated oven, integrated electric hob with cooker hood over, integrated dishwasher, space for washing machine and fridge/freezer. The living area has doors giving access to a balcony enjoying pleasant riverside views and TV point.

Bedroom One 14' 4" x 13' 2" max ( 4.37m x 4.01m max )
With double glazed doors giving access to a balcony enjoying riverside views, fitted wardrobes and door to en suite.

En Suite  
fitted with a three piece suite comprising of shower cubical, low level w.c and wash hand basin.

Bedroom Two 8' 9" x 9' 7" ( 2.67m x 2.92m )
With double glazed doors leading to a balcony with riverside views.

Family Bathroom 
Fitted with a three piece suite comprising of bath, low level w.c and wash hand basin and part tiling to walls.

Outside 
Can be found residence parking.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Ashley Adams, Derby

01332 215448

Next Steps?

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