3 Bed Detached House, Refurb/BRRR, Belper, DE56 1ET, £250,000

Laund Close, Belper, Derbyshire, DE56 1ET - 4 views - 10 months ago

Sold STC
Refurb/BRRR
~93 m²
+18 photos

ValuationFair Value

Sold Prices£95K - £503K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£254,803

 

 

End Value (After Refurb)

£260,179

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,747

Bridging Loan Interest

£6,563

Total Cash In

£117,260

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,179

Mortgage (After Refinance)

£195,134

Mortgage LTV

75%

Cash Released

£7,634

Cash Left In

£109,626

Equity

£65,045

Rent Range

£760 - £1,000

Rent Estimate

£900

Running Costs/mo

£1,013

Cashflow/mo

£-113

Cashflow/yr

£-1,357

Gross Yield

4%

Local Sold Prices

50 sold prices from £95K to £503K, average is £256.5K. £1.3K/m² to £4.5K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£240K06/210.03 mi16, Laund Close, Belper, Derbyshire DE56 1ET3
£242.5K12/200.04 mi15, Laund Close, Belper, Derbyshire DE56 1ET3
£312K09/210.09 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£265K06/230.09 mi55, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.09 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3
£299.9K07/230.1 mi22, Bessalone Drive, Belper, Derbyshire DE56 1ES3
£270K12/220.11 mi18, Cherry Tree Avenue, Belper, Derbyshire DE56 1FR3
£275K05/230.13 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3
£205K01/210.16 mi25, Laund Avenue, Belper, Derbyshire DE56 1FL3
£258K12/200.17 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.17 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.17 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.17 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£210K11/200.18 mi134, Far Laund, Belper, Derbyshire DE56 1FN3
£225K03/210.18 mi124, Far Laund, Belper, Derbyshire DE56 1FN3
£321K01/230.21 mi6, Orton Way, Belper, Derbyshire DE56 1UB3
£210K08/210.23 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£310K12/200.24 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£285K02/230.3 mi7, Astlow Drive, Belper, Derbyshire DE56 1TT3
£193K12/200.3 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£226K08/210.31 mi14, Ashford Rise, Belper, Derbyshire DE56 1TJ3
£212K03/210.32 mi6, Findern Close, Belper, Derbyshire DE56 1TQ3
£279.9K06/210.32 mi22, Maidwell Close, Belper, Derbyshire DE56 1TE3
£280K10/210.35 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£152.5K04/210.37 mi17, Kingswood Avenue, Belper, Derbyshire DE56 1TU3
£200K10/210.37 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£215K12/220.37 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£191K11/200.37 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.37 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£235K09/210.38 mi82, Edensor Drive, Belper, Derbyshire DE56 1TF3
£350K06/230.42 mi12, Laund Farm Mews, Belper, Derbyshire DE56 1FP3
£150K12/200.42 mi8, Birch Vale, Belper, Derbyshire DE56 1BR3
£280K02/210.45 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£267K02/210.45 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£265K05/210.45 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£232K02/230.45 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£290K02/210.48 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£279K05/210.48 mi4, Jennys Court, Belper, Derbyshire DE56 0GY3
£225K01/230.48 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£220K07/210.49 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£250K03/230.5 mi29, Thornton Way, Belper, Derbyshire DE56 0AH3
£95K12/200.5 mi14, Thornton Way, Belper, Derbyshire DE56 0AH3
£275K06/230.51 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.51 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£450K02/230.52 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.52 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£318K02/210.52 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.52 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.52 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£350K03/210.52 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3

Local Rents

12 rents from £760/mo to £1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£80012/240.23 miFar Laund, Belper3
£76009/230.26 mi-3
£89512/240.37 miWindmill Lane, Belper3
£90012/240.45 miMarsh Lane, Belper, Derbyshire, DE563
£90012/240.56 miChesterfield Road, Belper, Derbyshire, DE563
£95012/240.69 miGreen Lane, Belper, Derby3
£1,00012/240.69 miGreen Lane, Belper, Derbyshire, DE563
£85012/240.85 miQueen Street, Belper3
£90012/240.93 miAlder Road, BELPER3
£95012/241.02 miCook Close, Belper3
£89512/241.1 miSycamore Croft, Belper3
£1,00012/241.1 miBrafield Close, Belper3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.48 miles away

Nearest school

0.30 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £250,000

July 10, 2024

Floor Plans

Description

  • CONVENIENT LOCATION +
  • AMPLE OFF STREET APRKING +
  • MODERNISATION REQUIRED +
  • PANORAMIC VIEWS TO THE FRONT +
  • CLOSE TO LOCAL AMENITIES +
  • OPEN PLAN LIVING/DINING ROOM +
  • FITTED KITCHEN AND BATHROOM +
  • GAS CENTRAL HEATING +
  • NO UPWARD CHAIN +

OFFERED FOR SALE WITH NO UPWARD CHAIN is this well proportioned family home, offering enormous potential for modernisation and benefiting from photovoltaic panels that help reduce the running costs of the property. Located within easy reach local amenities, schools and public transport links, as well as being within walking distance of the town centre itself. Offering fine views over Belper, this property briefly comprises; large entrance porch/hall, open plan living/dining room, fitted kitchen with useful pantry cupboard, two double bedrooms, one single bedroom and a modern fitted bathroom with shower. The property further benefits from having a large plot and boasts ample off street parking.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QBP240142/2

Agent Details

YOUR MOVE - Attenborough & Co, Belper

01773 302283

Next Steps?

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