2 Bed Terraced House, Motivated Seller, Derby, DE21 6SU, £140,000

Cherry Tree Mews, Chaddesden, Derby, Derbyshire, DE21 6SU - 8 months ago

Sold STC
Motivated
BTL
ROI: 4%
~62 m²
+6 photos

ValuationUndervalued

Sold Prices£93K - £345K
Sold Prices/m²£1.2K/m² - £5.8K/m²

 

 

Square Metres

~61.60 m²
Price/m²£2.3K/m²

Value Estimate

£169,400
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£700 - £1,595

Rent Estimate

£771

Running Costs/mo

£612

Cashflow/mo

£159

Cashflow/yr

£1,912

ROI

4%

Gross Yield

7%

Local Sold Prices

46 sold prices from £93K to £345K, average is £156K. £1.2K/m² to £5.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£125K05/210.06 mi178, Albert Road, Chaddesden, Derby, City Of Derby DE21 6TB2
£210K08/230.14 mi5, Briar Close, Chaddesden, Derby, City Of Derby DE21 6ZD2
£137.5K02/210.14 mi6, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£158K02/230.14 mi7, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£195K07/230.14 mi5, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£185K12/200.17 mi307, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6ZB2
£165K02/210.32 mi52, Albert Road, Chaddesden, Derby, City Of Derby DE21 6SJ2
£190K01/230.34 mi10, Edward Avenue, Chaddesden, Derby, City Of Derby DE21 6SQ2
£165K02/230.34 mi5, Edward Avenue, Chaddesden, Derby, City Of Derby DE21 6SQ2
£172.5K04/230.34 mi7, Edward Avenue, Chaddesden, Derby, City Of Derby DE21 6SQ2
£192.5K08/210.34 mi295, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£175K01/210.34 mi293, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£95K01/230.38 mi253, Nottingham Road, Derby, City Of Derby DE21 6AP2
£150K07/230.4 mi8, Paterson Avenue, Chaddesden, Derby, City Of Derby DE21 6RP2
£115K06/210.48 mi2, Meadow Lane, Chaddesden, Derby, City Of Derby DE21 6PW2
£125K12/200.48 mi16, Meadow Lane, Chaddesden, Derby, City Of Derby DE21 6PW2
£93K01/230.53 mi16, Boston Close, Chaddesden, Derby, City Of Derby DE21 6WB2
£135K10/210.54 mi33, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QD2
£132K04/210.54 mi43, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QD2
£150K03/210.55 mi4, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QB2
£143K11/200.61 mi87, Maine Drive, Chaddesden, Derby, City Of Derby DE21 6JY2
£265K02/210.65 mi11, Highfield Lane, Chaddesden, Derby, City Of Derby DE21 6PG2
£145K11/220.67 mi2, Carson Road, Chaddesden, Derby, City Of Derby DE21 6JU2
£180K05/230.67 mi3, Rushcliffe Avenue, Chaddesden, Derby, City Of Derby DE21 6NW2
£151K06/230.69 mi5, Challis Avenue, Chaddesden, Derby, City Of Derby DE21 6LG2
£130K03/210.7 mi81, Tennessee Road, Chaddesden, Derby, City Of Derby DE21 6LF2
£111.5K02/210.75 mi20, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UJ2
£175K07/230.75 mi41, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UL2
£180K11/200.75 mi8, Silvey Grove, Spondon, Derby, City Of Derby DE21 7GH2
£202K05/210.76 mi30, Church Street, Spondon, Derby, City Of Derby DE21 7LL2
£169.9K09/210.78 mi46, Reginald Road South, Chaddesden, Derby, City Of Derby DE21 6NF2
£132K08/210.78 mi11, Towpath Way, Spondon, Derby, City Of Derby DE21 7SL2
£169.9K09/200.8 mi29, Lodge Lane, Spondon, Derby, City Of Derby DE21 7GE2
£130K09/210.81 mi8, Towpath Court, Spondon, Derby, City Of Derby DE21 7TY2
£154K11/210.82 mi15, Hanbury Road, Chaddesden, Derby, City Of Derby DE21 6FT2
£185K05/230.82 mi15, Hanbury Road, Chaddesden, Derby, City Of Derby DE21 6FT2
£135K02/210.83 mi29, Oakleigh Avenue, Chaddesden, Derby, City Of Derby DE21 6GZ2
£137K03/210.83 mi23, Oakleigh Avenue, Chaddesden, Derby, City Of Derby DE21 6GZ2
£150K05/210.85 mi34, Ayr Close, Spondon, Derby, City Of Derby DE21 7GU2
£200K03/230.86 mi14, Hall Dyke, Spondon, Derby, City Of Derby DE21 7LF2
£170K10/210.87 mi24, Windmill Meadow, Spondon, Derby, City Of Derby DE21 7SZ2
£345K11/210.88 mi2, Royal Hill Road, Spondon, Derby, City Of Derby DE21 7AH2
£180K04/230.91 mi18, York Road, Chaddesden, Derby, City Of Derby DE21 6HS2
£151K02/210.94 mi42, Wilsthorpe Road, Chaddesden, Derby, City Of Derby DE21 4QR2
£105K05/210.96 mi52, Chapel Street, Spondon, Derby, City Of Derby DE21 7JP2
£200K01/230.99 mi28, Spinney Road, Chaddesden, Derby, City Of Derby DE21 6HW2

Local Rents

35 rents from £700/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£89512/240.05 miAlbert Road, Chaddesden2
£92512/240.35 miMeadow Lane, Derby2
£82512/240.47 mi88 Meadow Lane, Chaddesden, Derby, Derbyshire, DE21 6PT2
£70011/240.64 mi-2
£89512/240.72 miBeeches Avenue, Spondon2
£82002/240.77 mi-2
£82012/240.77 miOaktree Apartments, Derby, DE212
£82012/240.77 miOaktree Apartments, Derby, DE212
£84001/240.77 mi-2
£77002/240.79 mi-2
£82512/240.83 mi23 Oakleigh Avenue, Chaddesden, Derby, DE21 6GZ2
£87503/250.88 mi-2
£80002/240.97 mi-2
£85012/240.97 miSitwell Street, Spondon, Derby, Derbyshire2
£85012/241.04 miNorthwood Avenue, Chaddesden2
£82504/241.04 mi-2
£82512/241.04 miPacific Way, Derby, DE242
£80012/241.05 miPacific Way, City Point, Derby2
£80012/241.06 miCape Court, Derby2
£82512/241.1 miPacific Way, Derby, Derbyshire, DE24 1AA2
£79512/241.11 miPanama Circle, City Point, Derby2
£89512/241.12 miPanama Circle, Derby2
£1,59501/241.15 mi-2
£1,39912/241.15 mi-2
£1,39901/251.15 mi-2
£1,35003/251.15 mi-2
£79512/241.16 miAtlantic Way, Pride Park2
£77512/241.16 miAtlantic Way2
£82512/241.16 miAtlantic Way, DERBY2
£75012/241.16 miAtlantic Way, Derby, DE242
£80012/241.19 miPeckerdale Gardens, Spondon2
£85012/241.19 miMagellan Way, DERBY2
£99502/241.21 mi-2
£89512/241.23 mi-2
£90012/241.23 miSilver Hill Road, Spondon, DE21 7HA2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

1.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £140,000

July 11, 2024

Floor Plans

Description

  • Council Tax band A +
  • Freehold +
  • Two Double Bedrooms +
  • Modern Fitted Kitchen +
  • Boarded loft for storage with power +
  • Five Minute Walk to Meadow Farm Community Primary School +
  • Rear Garden +
  • Detached Garage to the rear & Ample Parking to the front +
  • Excellent transport links & Close to local Amenities +
  • Viewing Advised +

This end terraced house has much to offer. Located in Derbyshire, this is an ideal opportunity for buyers who are in a position to buy fairly quickly. Early Viewing advised not to miss out!!

This end of terraced home is located in Derbyshire with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more.

The area also offers excellent road connections with the A52 just a short drive away and transport links for travel both locally and further afield.

The accommodation briefly comprises an entrance way straight into the spacious living room and a large fitted kitchen.

To the first floor is an inviting landing area through to two well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from a rear yard, a front garden, a detached garage to the rear and ample parking is available to the front.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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