2 Bed Flat, Single Let, Derby, DE23 8FQ, £100,000

Reginald Street, Derby, Derbyshire, DE23 8FQ - 1 views - 9 months ago

Leasehold
BTL
ROI: 11%
~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

£787

Running Costs/mo

£490

Cashflow/mo

£297

Cashflow/yr

£3,565

ROI

11%

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 20, 2024

Listed for £130,000

July 9, 2024

Description

  • Two Bedroom Apartment +
  • Popular location +
  • Balconey +
  • Lounge/Kitchen +
  • EPC D +

This first-floor apartment, situated in the esteemed Park Gate development, is available for purchase without an onward chain. It represents an excellent opportunity for first-time buyers or as an investment acquisition. The property comprises communal entrance access, including a lift and staircase servicing all levels, entrance hallway, open-plan living kitchen, two bedrooms, and a bathroom. Additionally, an allocated parking space is included within the secure gated car park.

Park Gate, positioned on Reginald Street, provides convenient proximity to Derby City and an extensive array of retail establishments, amenities, and recreational options. The property offers easy accessibility to the train station, bus station, and Derby University, with swift connectivity to major road networks such as the A52, A38, A50, and M1 Motorway.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪