2 Bed Flat, Single Let, Derby, DE73 5AB, £115,000

Prestwick Way, Chellaston, DE73 5AB - 8 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£60K - £220K
Sold Prices/m²	£1.7K/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£1.7K/m²
Value Estimate	£142,903£142,903
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£6,950£6,950
Total Cash In	£35,700£35,700

Cash Out
Rent Range	£725 - £925£725 - £925
Rent Estimate	£795
Running Costs/mo	£538£538
Cashflow/mo	£257£257
Cashflow/yr	£3,080£3,080
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

22 sold prices from £60K to £220K, average is £124.3K. £1.7K/m² to £3.2K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	12/21	0.03 mi	32, Prestwick Way, Chellaston, Derby, City Of Derby DE73 5AB	£2,091	55	2	Flat
£112.5K	10/21	0.07 mi	105, Parkway, Chellaston, Derby, City Of Derby DE73 5QB	£2,045	55	2	Flat
£126K	04/23	0.07 mi	103, Parkway, Chellaston, Derby, City Of Derby DE73 5QB	£2,250	56	2	Flat
£112.5K	10/21	0.07 mi	105, Parkway, Chellaston, Derby, City Of Derby DE73 5QB	£2,045	55	2	Flat
£87K	03/23	0.14 mi	29, Thurstone Furlong, Chellaston, Derby, City Of Derby DE73 5PZ	£1,755	50	2	Flat
£149.9K	02/22	0.35 mi	28, Ferncroft Walk, Chellaston, Derby, City Of Derby DE73 6SA	£2,060	73	2	Flat
£60K	08/21	0.36 mi	Flat 12, Stonyhurst Court, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9JZ	-	-	2	Flat
£80K	12/20	0.42 mi	20, Sheldon Court, Shelton Lock, Derby, City Of Derby DE24 9QR	£1,667	48	2	Flat
£95.5K	05/22	0.44 mi	34, Stonebroom Walk, Shelton Lock, Derby, City Of Derby DE24 9QS	£1,837	52	2	Flat
£220K	06/21	0.45 mi	10, Ranworth Close, Derby, City Of Derby DE24 9QG	-	-	2	Flat
£160K	06/21	0.53 mi	5, Lorraine Close, Shelton Lock, Derby, City Of Derby DE24 9EX	£3,082	52	2	Flat
£114K	08/22	0.57 mi	4, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ	£2,235	51	2	Flat
£104K	01/22	0.57 mi	6, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ	£2,039	51	2	Flat
£121K	03/23	0.57 mi	14, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ	£2,327	52	2	Flat
£180K	05/21	0.62 mi	39, Green Avenue, Chellaston, Derby, City Of Derby DE73 6TE	£2,466	73	2	Flat
£175K	12/21	0.63 mi	1, Whitehouse Close, Shelton Lock, Derby, City Of Derby DE24 9QE	£3,241	54	2	Flat
£162K	11/20	0.67 mi	109, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EY	£3,000	54	2	Flat
£138.5K	03/21	0.67 mi	95, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EY	£2,518	55	2	Flat
£175K	08/21	0.68 mi	120, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EZ	£3,235	54	2	Flat
£160K	11/22	0.7 mi	17, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ	£2,105	76	2	Flat
£122.5K	06/21	0.7 mi	7, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ	£1,750	70	2	Flat
£140K	09/22	0.71 mi	15, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ	£1,687	83	2	Flat

Local Rents

11 rents from £725/mo to £925/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£725	03/24	0.03 mi	Prestwick Way, Chellaston, Derby, DE73	2	Flat
£795	04/24	0.07 mi	Alonso Close, Chellaston	2	Flat
£850	02/25	0.08 mi	-	2	Terraced House
£850	12/24	0.14 mi	-	2	Semi-Detached House
£795	03/24	0.14 mi	Thurstone Furlong, Chellaston	2	Flat
£875	03/24	0.24 mi	Rose Close, Chellaston, Derby, Derbyshire, DE73 5XP	2	Terraced House
£800	03/24	0.37 mi	Lockington Close, Chellaston	2	Detached House
£850	03/24	0.47 mi	Simcoe Leys, Chellaston, Derby	2	Detached House
£825	03/24	0.47 mi	Simcoe Leys, Chellaston	2	Detached House
£850	03/24	0.54 mi	Green Avenue, Chellaston, Derby, DE73 6TE	2	Detached House
£925	12/24	0.58 mi	Hickling Close, Shelton Lock, Derby	2	Flat

Local Area Statistics

Population in DE73	19,04019,040
Population in Derby	308,324308,324
Town centre distance	3.20 miles away3.20 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.10 miles away2.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+20%+20%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+24%+24%

Property History

Price changed to £115,000

March 8, 2025

Price changed to £120,000

January 23, 2025

Listed for £125,000

July 18, 2024

Floor Plans

Description

Two Double-Bedroom, Top-Floor Apartment Of Standard Construction +
EPC Rating C +
Council Tax Band B +
Allocated Parking +
Leasehold +
No Upward Chain +
Sought-After Location With Excellent Local Amenities +
Internal Viewings Enthusiastically Recommended +

NO UPWARD CHAIN TWO DOUBLE BEDROOMS * A spacious, modern, top floor apartment offering good-sized accommodation in the popular residential location of Chellaston. The property benefits from uPVC double glazing throughout, electric heating, allocated parking and an intercom entrance system!

The accommodation briefly comprises: Entrance hall; spacious open plan lounge/diner and kitchen area; two double bedrooms; modern fitted bathroom.

Outside, the apartment is accessed via a communal entrance and has both an intercom entrance system and allocated parking spaces to the rear.

Prestwick Way is conveniently situated for excellent local amenities within Chellaston, including shops, well-regarded schools, regular bus services to and from Derby City Centre and beyond, together with good access to all major roads, the motorway network and East Midlands Airport.

Agent Details

Hannells Estate Agents, Chellaston

01332 215260

Next Steps?

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

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