2 Bed Terraced House, Single Let, Derby, DE21 7JJ, £160,000

10 Gladstone Road, Derby, City Of Derby, DE21 7JJ - 10 months ago

Sold STC
BTL
ROI: 2%
65 m²
+9 photos

ValuationUndervalued

Sold Prices£93K - £345K
Sold Prices/m²£1.5K/m² - £5.8K/m²

 

 

Square Metres

65 m²
Price/m²£2.5K/m²

Value Estimate

£179,653
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,300

Total Cash In

£46,300

 

 

Cash Out

 

Rent Range

£770 - £1,400

Rent Estimate

£806

Running Costs/mo

£681

Cashflow/mo

£125

Cashflow/yr

£1,498

ROI

3%

Gross Yield

6%

Local Sold Prices

41 sold prices from £93K to £345K, average is £169.9K. £1.5K/m² to £5.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£144.5K04/210.02 mi17, Oxford Street, Spondon, Derby, Derbyshire DE21 7JN2
£175K12/220.04 mi26, Moor Street, Spondon, Derby, City Of Derby DE21 7EA2
£188K12/200.05 mi5, Strathaven Court, Spondon, Derby, City Of Derby DE21 7RH2
£105K05/210.08 mi52, Chapel Street, Spondon, Derby, City Of Derby DE21 7JP2
£200K07/230.09 mi30, Brockley, Spondon, Derby, City Of Derby DE21 7JE2
£131K03/210.15 mi11, Reader Street, Spondon, Derby, City Of Derby DE21 7JH2
£142.5K06/230.15 mi4, Reader Street, Spondon, Derby, City Of Derby DE21 7JH2
£200K03/230.19 mi14, Hall Dyke, Spondon, Derby, City Of Derby DE21 7LF2
£170K10/210.25 mi24, Windmill Meadow, Spondon, Derby, City Of Derby DE21 7SZ2
£190K04/230.26 mi23, Grasmere Avenue, Spondon, Derby, City Of Derby DE21 7JZ2
£202K05/210.27 mi30, Church Street, Spondon, Derby, City Of Derby DE21 7LL2
£345K11/210.29 mi2, Royal Hill Road, Spondon, Derby, City Of Derby DE21 7AH2
£150K05/210.3 mi34, Ayr Close, Spondon, Derby, City Of Derby DE21 7GU2
£235K03/210.33 mi29, Croft Close, Spondon, Derby, City Of Derby DE21 7EF2
£173K01/230.34 mi1, Dreyfus Close, Spondon, Derby, City Of Derby DE21 7RR2
£169.9K09/210.4 mi5, Beaumaris Court, Spondon, Derby, City Of Derby DE21 7RG2
£135K07/230.43 mi15, Park Leys Court, Spondon, Derby, City Of Derby DE21 7TS2
£134K11/200.45 mi12, Ormskirk Rise, Spondon, Derby, City Of Derby DE21 7NU2
£180K11/200.47 mi8, Silvey Grove, Spondon, Derby, City Of Derby DE21 7GH2
£133K02/210.51 mi23, Holyrood Close, Spondon, Derby, City Of Derby DE21 7QB2
£185K02/210.56 mi74, Huntley Avenue, Spondon, Derby, Derbyshire DE21 7DU2
£290K02/230.57 mi66, Huntley Avenue, Spondon, Derby, City Of Derby DE21 7DU2
£162K12/220.57 mi9, Fallow Road, Spondon, Derby, City Of Derby DE21 7TF2
£170K08/210.58 mi23, Vincent Avenue, Spondon, Derby, City Of Derby DE21 7HB2
£149.9K05/210.63 mi37, Borrowfield Road, Spondon, Derby, Derbyshire DE21 7HE2
£160K05/230.65 mi10, Silver Hill Road, Spondon, Derby, City Of Derby DE21 7HA2
£132K08/210.71 mi11, Towpath Way, Spondon, Derby, City Of Derby DE21 7SL2
£130K09/210.72 mi8, Towpath Court, Spondon, Derby, City Of Derby DE21 7TY2
£192.5K08/210.73 mi295, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£175K01/210.73 mi293, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£93K01/230.74 mi16, Boston Close, Chaddesden, Derby, City Of Derby DE21 6WB2
£185K12/200.86 mi307, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6ZB2
£175K07/230.88 mi41, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UL2
£210K08/230.9 mi5, Briar Close, Chaddesden, Derby, City Of Derby DE21 6ZD2
£137.5K02/210.92 mi6, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£158K02/230.92 mi7, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£195K07/230.92 mi5, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£141.9K04/210.93 mi24, Falconside Drive, Spondon, Derby, City Of Derby DE21 7TQ2
£141.9K04/210.93 mi24, Falconside Drive, Spondon, Derby, City Of Derby DE21 7TQ2
£141.9K04/210.93 mi24, Falconside Drive, Spondon, Derby, City Of Derby DE21 7TQ2
£145K11/220.95 mi2, Carson Road, Chaddesden, Derby, City Of Derby DE21 6JU2

Local Rents

11 rents from £770/mo to £1.4K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£85012/240.13 miSitwell Street, Spondon, Derby, Derbyshire2
£99502/240.28 mi-2
£89512/240.32 miBeeches Avenue, Spondon2
£99512/240.34 miBankfield Drive, Spondon, Derby, Derbyshire, DE21 7QZ2
£90012/240.65 miSilver Hill Road, Spondon, DE21 7HA2
£80012/240.69 miPeckerdale Gardens, Spondon2
£77002/240.71 mi-2
£82512/240.93 miFalconside Drive, Spondon2
£85012/240.93 miFalconside Drive, Spondon2
£89512/241 miAlbert Road, Chaddesden2
£1,40012/241.21 miVictoria Avenue, Ockbrook, DE72 3RL2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

2.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Price changed to £160,000

December 4, 2024

Listed for £170,000

June 20, 2024

Sold for £40,000

2006

Floor Plans

Description

  • Two Bedroom +
  • Sought After Location +
  • Buy To Let Opportunity +
  • Call +

SUMMARY
We are pleased to offer to the market this two bedroom mid terraced property in the sought after location of Spondon. The property falls just a short walk from the main shopping precinct in the heart of Spondon village and offers a range of excellent transport links including Spondon train station.

DESCRIPTION
We are pleased to offer to the market this two bedroom mid terraced property in the sought after location of Spondon. The property falls just a short walk from the main shopping precinct in the heart of Spondon village and offers a range of excellent transport links including Spondon train station. in brief the property comprises of: lounge/ kitchen/ dining room, two bedrooms, bathroom and courtyard garden to the rear.

Lounge 12' 4" Max x 10' 11" max ( 3.76m Max x 3.33m max )
With laminate flooring, storage cupboard and window to the front of the property.

Kitchen/ Dining Room  15' 5" max x 10' 11" max ( 4.70m max x 3.33m max )
With part laminate floor and part tiled flooring, a range of wall and base units, Gas hob, electric oven, feature fireplace, and window and door to the rear of the property.

Bedroom 1  12' 6" max x 10' 6" max ( 3.81m max x 3.20m max )
With fitted carpet, window to the front of the property and access to the loft space.

Bedroom 2  11' max x 10' 6" max ( 3.35m max x 3.20m max )
With fitted carpet, cupboard space and window to the rear of the property.

Bathroom  
With vinyl flooring, low level w/c, wash hand basin, tiled splash back and window to the rear of the property.

Garden 
multi level courtyard garden patio area and part fenced part brick surround.

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: Connells 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: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Hall & Benson, Spondon

01332 215175

Next Steps?

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