2 Bed Flat, Public Notice, Derby, DE23 8FQ, £100,000

Reginald Street, Derby, DE23 8FQ - 9 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£38K - £155K
Sold Prices/m²£679/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£119,768
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£700 - £1,250

Rent Estimate

£738

Running Costs/mo

£480

Cashflow/mo

£258

Cashflow/yr

£3,095

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £38K to £155K, average is £110K. £679/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£92K11/210.16 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£130K08/210.46 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£150K10/200.52 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£155K03/230.53 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£90K01/230.59 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£90K07/220.67 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£78.5K08/210.68 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.68 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£125K12/200.74 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£124K03/210.75 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£97K07/210.94 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/220.94 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/230.94 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£103K01/210.94 mi16, Coral Close, Derby, City Of Derby DE24 1AP2
£83K05/210.96 mi22, Ashwood Close, Derby, City Of Derby DE24 8XW2
£136K06/210.97 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£140K03/230.98 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£108K11/201 mi28, Pacific Way, Derby, City Of Derby DE24 1AA2
£107.5K11/201 mi22, Pacific Way, Derby, City Of Derby DE24 1AA2
£112K06/221.01 mi17, Atlantic Way, Derby, City Of Derby DE24 1AB2
£90K09/211.01 mi40, Magellan Way, Derby, City Of Derby DE24 1AD2
£114K08/221.01 mi42, Magellan Way, Derby, City Of Derby DE24 1AD2
£110K02/231.01 mi22, Atlantic Way, Derby, City Of Derby DE24 1AB2
£106K04/211.01 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£122.5K05/231.01 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£111K12/211.01 mi25, Atlantic Way, Derby, City Of Derby DE24 1AB2
£117.5K02/231.01 mi33, Atlantic Way, Derby, City Of Derby DE24 1AB2
£112K10/221.02 mi35, Atlantic Way, Derby, City Of Derby DE24 1AB2
£48K09/211.04 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/211.04 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£97K03/221.05 mi10, Ocean Court, Derby, City Of Derby DE24 1AN2
£110K10/221.06 mi49, Panama Circle, Derby, City Of Derby DE24 1AE2
£118.5K10/221.06 mi58, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/211.06 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/211.06 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/211.06 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£89.7K03/211.06 mi64, Panama Circle, Derby, City Of Derby DE24 1AE2
£113.5K03/231.06 mi47, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/211.06 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£130K11/221.06 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£117K01/231.06 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K11/221.08 mi80, Panama Circle, Derby, City Of Derby DE24 1AE2
£38K04/231.09 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/221.09 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/221.09 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£110K05/221.14 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£127.5K11/201.21 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/211.21 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£127.5K07/211.26 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£143K12/221.27 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2

Local Rents

50 rents from £700/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£80004/240 mi13 Parkgate, 33-38 Reginald Street, Derby2
£80003/240.1 miThe Bank, Sidney Street, Derby2
£80003/240.11 miSidney Street, Derby2
£80003/240.11 miThe Bank, Sidney Street, Derby2
£82503/240.12 miThe Bank, Sidney Street, Derby2
£75010/230.12 miGrange Street, Derby, Derbyshire, DE232
£85512/240.13 mi-2
£78501/250.13 mi-2
£75003/240.16 miMorleston Street, Derby, DE232
£72503/240.16 miCentre Court, Barlow Street, Derby2
£1,25005/240.22 miLondon Road, DERBY2
£1,25005/240.22 miLondon Road, DERBY2
£70004/240.23 miDerby, Derbyshire2
£75001/240.24 mi-2
£75012/240.24 mi-2
£87505/240.25 miFox House, Erasmus Drive, Derby2
£94002/240.25 mi-2
£95003/240.25 miFox House, Nightingale Quarter, Derby2
£1,10003/240.25 miErasmus Drive, DERBY2
£1,10003/240.25 miFox House, Erasmus Drive2
£1,05003/240.25 miErasmus Drive, DERBY2
£1,05003/240.25 miErasmus Drive, DERBY2
£1,05003/240.25 miErasmus Drive, DERBY2
£1,05003/240.25 miErasmus Drive, DERBY2
£1,05003/240.25 miErasmus Drive, DERBY2
£1,10003/240.25 miErasmus Drive, DERBY2
£97503/240.25 miFox House, Erasmus Drive, DE1 2EH2
£89503/240.25 miFox House, Nightingale Quarter2
£1,00003/240.25 miErasmus Drive, DERBY2
£1,10003/240.25 miErasmus Drive, DERBY2
£1,10003/240.25 miErasmus Drive, DERBY2
£1,10003/240.25 miErasmus Drive, DERBY2
£1,10004/240.25 miErasmus Drive, DERBY2
£89504/240.25 miFox House, Erasmus Drive2
£1,10004/240.25 miErasmus Drive, DERBY2
£95004/240.25 miErasmus Drive, DERBY2
£1,00004/240.25 miErasmus Drive, DERBY2
£92504/240.25 miFox House, Erasmus Drive2
£95004/240.25 miErasmus Drive, DERBY2
£1,00005/240.25 miErasmus Drive, DERBY2
£1,00005/240.25 miErasmus Drive, DERBY2
£90002/240.25 mi-2
£95005/240.26 miErasmus Drive, Nightingale Quarter, Derby2
£90001/240.26 mi-2
£1,07503/240.26 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£90003/240.26 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95004/240.26 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95005/240.26 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£99505/240.26 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95003/240.26 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.35 miles away

Nearest school

0.50 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £100,000

December 19, 2024

Price changed to £120,000

September 26, 2024

Listed for £130,000

July 4, 2024

Floor Plans

Description

  • First Floor Apartment +
  • Two Bedrooms +
  • Allocated Parking Space +
  • No Onward Chain +
  • Close to Derby City Centre +

SUMMARY
This first floor apartment is being offered for sale with no onward chain and would make a great first time buyer or investment purchase. The property is within easy access of Derby City Centre and the wide range of shops, amenities and leisure facilities on offer.

DESCRIPTION
PUBLIC NOTICE 14 days
We advise that an offer has been made for the above property in the sum of £96,000

Any persons wishing to increase on this offer should notify Agent of their best offer prior to exchange of contracts.

This first floor apartment located in the sought after Park Gate development is being offered for sale with no onward chain and would make a great first home or investment purchase. In brief the living accommodation comprises communal entrance with lift and stairs to all floor, entrance hallway, open plan living kitchen, two bedrooms and bathroom. There is an allocated parking space within the secure gated car park.

Park Gate, Reginald Street is located within easy access of Derby City and the wide range of shops amenities and leisure facilities that are on offer. The train station, bus station and Derby University can be easily reached. There is swift access to major road networks including the A52, A38, A50 and M1 Motorway.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Entrance Hallway 

Kitchen Living Room 23' x 13' 4" ( 7.01m x 4.06m )

Bedroom One 11' x 11' 1" ( 3.35m x 3.38m )

Bedroom Two 11' x 7' 3" ( 3.35m x 2.21m )

Bathroom 

We currently hold lease details as displayed above, should you require 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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Bagshaws Residential, Derby

01332 215045

Next Steps?

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