2 Bed Terraced House, Single Let, Derby, DE23 8TE, £125,000

Randolph Road, Derby, DE23 8TE - 5 views - 10 months ago

Sold STC
BTL
ROI: 5%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£45.1K - £167K
Sold Prices/m²£543/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£89,428

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£700 - £950

Rent Estimate

£713

Running Costs/mo

£553

Cashflow/mo

£160

Cashflow/yr

£1,917

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £45.1K to £167K, average is £103.5K. £543/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£112.8K06/230.06 mi24, Chatham Street, Derby, City Of Derby DE23 8TH2
£125K05/210.08 mi254, St Thomas Road, Derby, City Of Derby DE23 8SY2
£83K11/200.09 mi128, Cameron Road, Derby, City Of Derby DE23 8RS2
£83K11/200.09 mi128, Cameron Road, Derby, City Of Derby DE23 8RS2
£90K03/210.12 mi36, Brunswick Street, Derby, Derbyshire DE23 8TP2
£120K06/230.13 mi100, Sutherland Road, Derby, City Of Derby DE23 8RW2
£115K12/220.18 mi50, Newdigate Street, Derby, City Of Derby DE23 8UY2
£150K11/220.2 mi72, Balfour Road, Derby, City Of Derby DE23 8UN2
£120K05/230.22 mi134, Rutland Street, Derby, City Of Derby DE23 8PS2
£112.5K02/230.22 mi44, Middleton Street, Derby, City Of Derby DE23 8QJ2
£125K10/210.22 mi2, Laurel Bank, Derby, City Of Derby DE23 8UE2
£100K11/210.22 mi9, Laurel Bank, Derby, Derbyshire DE23 8UE2
£167K11/220.23 mi23, Underhill Avenue, Derby, City Of Derby DE23 8WD2
£75K01/210.24 mi75, Violet Street, Derby, City Of Derby DE23 8SR2
£83K08/230.25 mi115, Portland Street, Derby, City Of Derby DE23 8QD2
£145K06/230.26 mi49, Stenson Road, Derby, City Of Derby DE23 1JD2
£84K04/210.27 mi91, Harrington Street, Pear Tree, Derby, City Of Derby DE23 8PB2
£125K03/230.27 mi67, Harrington Street, Pear Tree, Derby, City Of Derby DE23 8PB2
£90K12/200.29 mi40, Goodale Street, Derby, City Of Derby DE23 8QE2
£107.5K06/210.3 mi78, Vincent Street, Derby, City Of Derby DE23 8BU2
£102K01/210.3 mi12, Birdwood Street, Derby, City Of Derby DE23 8BW2
£65K11/200.3 mi100, Crewe Street, Derby, Derbyshire DE23 8QP2
£151K06/230.31 mi121, Peartree Crescent, Derby, City Of Derby DE23 8RQ2
£115K04/210.31 mi89, Peartree Crescent, Derby, City Of Derby DE23 8RQ2
£89K11/200.32 mi14, Lewis Street, Derby, City Of Derby DE23 8BX2
£99K11/200.32 mi14, Willn Street, Derby, City Of Derby DE23 8QS2
£135K11/200.33 mi4, Park Hill Drive, Derby, City Of Derby DE23 8AA2
£105K07/210.34 mi56, Lewis Street, Derby, City Of Derby DE23 8BY2
£45.1K12/210.34 mi66, Lewis Street, Derby, City Of Derby DE23 8BY2
£153K09/210.34 mi5, Park Hill Drive, Derby, City Of Derby DE23 8AA2
£144K05/230.35 mi155, Upper Dale Road, Derby, City Of Derby DE23 8BP2
£130K07/210.36 mi128, Balfour Road, Derby, City Of Derby DE23 8UQ2
£78K03/210.37 mi93, Princes Street, Derby, City Of Derby DE23 8NS2
£79K03/210.37 mi57, Princes Street, Derby, Derbyshire DE23 8NS2
£72.5K11/200.38 mi8, Hastings Street, Derby, City Of Derby DE23 6QQ2
£116K02/230.41 mi17, Rutland Street, Derby, City Of Derby DE23 8PQ2
£75K09/210.42 mi23, Holcombe Street, Derby, City Of Derby DE23 8HZ2
£114K02/230.43 mi10, Holcombe Street, Derby, City Of Derby DE23 8HZ2
£100K09/210.43 mi74, Clarence Road, Derby, City Of Derby DE23 6LQ2
£82K10/200.45 mi58, Dale Road, Derby, City Of Derby DE23 6QW2
£157K06/230.45 mi43, Richmond Road, Derby, City Of Derby DE23 8PY2
£116K02/210.45 mi115, Dairyhouse Road, Derby, City Of Derby DE23 8HQ2
£88K03/210.46 mi42, Stanton Street, Derby, City Of Derby DE23 6ND2
£92K01/210.46 mi20, Almond Street, Derby, City Of Derby DE23 6LW2
£78K03/210.46 mi217, Shaftesbury Crescent, Derby, City Of Derby DE23 8NA2
£75K05/210.46 mi211, Shaftesbury Crescent, Derby, City Of Derby DE23 8NA2
£125K07/230.49 mi139, Leacroft Road, Derby, City Of Derby DE23 8HY2
£105K03/210.49 mi111, Leacroft Road, Derby, City Of Derby DE23 8HY2
£60K09/210.6 mi17, Fleet Street, Derby, City Of Derby DE23 8GU2
£87K01/230.6 mi51, Cummings Street, Derby, City Of Derby DE23 6WX2

Local Rents

43 rents from £700/mo to £950/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79512/240.07 mi-2
£72503/240.08 miSackville Street, Derby2
£79502/250.09 mi-2
£75003/240.12 miBrunswick Street 2
£85002/240.13 mi-2
£85012/240.13 mi-2
£87512/240.13 mi-2
£87501/250.13 mi-2
£85002/250.13 mi-2
£85002/250.13 mi-2
£85002/250.13 mi-2
£87002/250.13 mi-2
£87502/250.13 mi-2
£82003/250.17 mi-2
£82003/250.17 mi-2
£82511/240.18 mi-2
£77503/240.18 miNewdigate Street,2
£77504/240.18 miNewdigate Street,2
£75003/240.2 miBalfour Road, Derby, Derbyshire, DE232
£72503/240.2 miBalfour Road, Derby2
£73503/250.24 mi-2
£87001/240.26 mi-2
£87004/240.26 mi-2
£89001/250.26 mi-2
£89001/250.26 mi-2
£85012/240.31 mi-2
£79504/240.32 miLewis Street, Derby2
£80003/240.36 miSt. James Road, DERBY2
£95005/240.36 mi-2
£75002/250.4 mi-2
£87512/240.4 miRutland Street2
£89001/240.4 mi-2
£80001/250.42 mi-2
£80011/240.43 mi-2
£70003/240.44 miBelvoir Street, Derby, Derbyshire2
£85003/240.46 miAlmond Street2
£87503/250.5 mi-2
£82503/240.51 miShaftesbury Crescent, DERBY2
£77503/240.51 miShaftesbury Crescent, Derby, DE23 8LZ2
£90012/240.59 mi-2
£85004/240.6 miDarby Street, Derby, DE232
£85004/240.6 miDarby Street, Derby, DE232
£85005/240.6 mi-2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £125,000

June 17, 2024

Floor Plans

Description

  • NO CHAIN +
  • Two Reception Rooms +
  • Two Double Bedrooms +
  • First Floor Bathroom +
  • Close to Derby City Centre +
  • Perfect First Time Purchase +
  • Viewing Essential! +

SUMMARY
NO CHAIN - A fantastic opporutnity for a first time buyer or investor to acquire this two double bedroom terrace property in Derby.

DESCRIPTION
Ashley Adams are delighted to bring to market this two double bedroom, two reception room terrace in Derby. The accommodation in brief comprises, lounge, dining room, kitchen, two double bedrooms to first floor and family bathroom. To the rear of the property is a good size low maitenance garden. The property is offered for sale with no onward chain and is a fantastic first time purchase or investment as it is close to all local amenities and the Royal Derby Hospital is just a short drive away. Viewing essential to appreciate the space on offer!

Lounge 11' 4" x 11' 2" (into recess) ( 3.45m x 3.40m (into recess) )
Accessed via door to front and has feature fire with surround, storage cupboard, radiator, door to inner hall and UPVC double glazed window to front.

Inner Hall 
Has door to cellar and leads into:

Dining Room 12' 2" x 11' 9" ( 3.71m x 3.58m )
With stairs to first floor, feature fire with surround, radiator, UPVC double glazed window to rear and access into:

Kitchen 
Fitted with a range of wall and base units with work surfaces over, inset sink with drainer, space for fridge/freezer, door to garden and UPVC double glazed window to rear.

First Floor 

Landing 
With loft access and doors off to all first floor rooms.

Bedroom One 15' 3" x 11' 5" (into recess) ( 4.65m x 3.48m (into recess) )
With original fireplace, storage cupboard, radiator and UPVC double glazed window to front.

Bedroom Two 11' 9" x 12' 2" ( 3.58m x 3.71m )
With original fireplace, radiator and UPVC double glazed window to rear.

Bathroom 10' 8" x 9' 10" ( 3.25m x 3.00m )
With low level w.c, wash hand basin, bath with shower over, storage, heated towel rail and UPVC double glazed obscure window to rear.

Outside 
To the rear of the property is a good size low maintenance garden.

There is also an outside store.

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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