2 Bed Flat, Single Let, Derby, DE1 2JY, £160,000

Trinity Walk, Derby, DE1 2JY - 1 views - 9 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+8 photos

ValuationOvervalued

Sold Prices	£38K - £155K
Sold Prices/m²	£679/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£101,298£101,298

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£49,900£49,900

Cash Out
Rent Range	£895 - £1,200£895 - £1,200
Rent Estimate	£899
Running Costs/mo	£700£700
Cashflow/mo	£199£199
Cashflow/yr	£2,390£2,390
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

24 sold prices from £38K to £155K, average is £110.5K. £679/m² to £2.4K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£155K	03/23	0.23 mi	Flat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT	-	-	2	Flat
£92K	11/21	0.4 mi	19, Bloomfield Close, Derby, City Of Derby DE1 2FY	-	-	2	Flat
£90K	07/22	0.43 mi	Flat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS	-	-	2	Flat
£78.5K	08/21	0.53 mi	94, Gerard Street, Derby, City Of Derby DE1 1PH	-	-	2	Flat
£87.5K	11/20	0.53 mi	114, Gerard Street, Derby, City Of Derby DE1 1PH	£1,411	62	2	Flat
£130K	08/21	0.58 mi	4, Salisbury Street, Derby, City Of Derby DE23 6SL	-	-	2	Flat
£140K	03/23	0.63 mi	First Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF	-	-	2	Flat
£127.5K	11/20	0.69 mi	22, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£116K	05/21	0.69 mi	27, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£110K	05/22	0.7 mi	Flat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB	-	-	2	Flat
£124K	03/21	0.7 mi	53, Farm Street, Derby, City Of Derby DE22 3UJ	-	-	2	Flat
£48K	09/21	0.76 mi	Flat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£85K	06/21	0.76 mi	Flat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£114K	01/23	0.77 mi	Apartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA	-	-	2	Flat
£61.5K	03/21	0.81 mi	Flat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT	-	-	2	Flat
£42.5K	09/22	0.83 mi	Flat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£111K	07/22	0.83 mi	Flat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£38K	04/23	0.83 mi	Flat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	£679	56	2	Flat
£90K	01/23	0.83 mi	124, Northumberland Street, Derby, City Of Derby DE23 6UA	£1,169	77	2	Flat
£136K	06/21	0.84 mi	103, Parliament Street, Derby, City Of Derby DE22 3RL	£1,563	87	2	Flat
£143K	12/22	0.84 mi	100, Bridge Street, Derby, City Of Derby DE1 3LF	£1,663	86	2	Flat
£127.5K	07/21	0.86 mi	Apartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE	-	-	2	Flat
£85K	10/21	0.94 mi	12, Nuns Street, Derby, City Of Derby DE1 3LL	£1,169	73	2	Flat
£125K	12/20	0.94 mi	98b, St Chads Road, Derby, City Of Derby DE23 6RP	£2,358	53	2	Flat

Local Rents

51 rents from £895/mo to £1.2K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£925	04/24	0 mi	Castleward Court, DERBY	2	Flat
£1,050	01/24	0.01 mi	-	2	Flat
£1,050	04/24	0.01 mi	Castleward Court, Derby, DE1	2	Flat
£1,000	07/24	0.01 mi	-	2	Flat
£1,000	07/24	0.01 mi	-	2	Flat
£1,100	12/24	0.01 mi	-	2	Flat
£1,200	03/25	0.02 mi	-	2	Flat
£975	03/24	0.06 mi	John Street, DERBY	2	Flat
£995	04/24	0.06 mi	Suede House	2	Flat
£1,100	03/24	0.06 mi	Dalton House, Derby DE1 2BF	2	Flat
£995	03/24	0.06 mi	Darwin House, Nightingale Quarter	2	Flat
£1,050	03/24	0.06 mi	Billsborrow Avenue, Derby	2	Flat
£1,050	03/24	0.06 mi	Sylvester Close, Derby	2	Flat
£1,100	03/24	0.06 mi	Sylvester Road, Derby	2	Flat
£1,050	04/24	0.06 mi	Sylvester Close, Derby	2	Flat
£950	04/24	0.06 mi	Sylvester Close, Derby	2	Flat
£950	05/24	0.06 mi	Darwin House, 1 Sylvester Road	2	Flat
£1,000	03/24	0.09 mi	Suede House, 33 Castleward Boulevard, Derby, Derbyshire, DE1	2	Flat
£1,000	03/24	0.09 mi	Suede House, Castleward Boulevard	2	Flat
£950	12/24	0.13 mi	Suede House, 33 Castelward Boulevard, Derby, DE1	2	Flat
£1,150	02/25	0.13 mi	-	2	Flat
£900	03/24	0.13 mi	John Street, DERBY	2	Flat
£1,025	03/24	0.13 mi	John Street, DERBY	2	Flat
£995	05/24	0.13 mi	Suede House, 45 Castleward Boulevard, Derby, De1	2	Flat
£995	05/24	0.13 mi	Castleward Boulevard, Derby, DE1	2	Flat
£995	03/24	0.14 mi	Suede House, 45 John Street, Derby, DE1	2	Flat
£950	03/24	0.14 mi	Suede House, Castleward Boulevard, Derby, Derbyshire, DE1	2	Flat
£1,000	03/24	0.14 mi	45 John Street, Derby	2	Flat
£950	06/24	0.14 mi	-	2	Flat
£1,150	02/24	0.14 mi	-	2	Flat
£925	05/24	0.14 mi	John Street, Derby	2	Flat
£1,100	03/24	0.14 mi	Dalton House, Derby, DE1 2BF	2	Flat
£1,100	03/24	0.14 mi	Bilsborrow Avenue, Derby	2	Flat
£1,100	04/24	0.14 mi	Bilsborrow Avenue, Derby	2	Flat
£1,000	05/24	0.14 mi	Bilsborrow Avenue, Derby	2	Flat
£950	03/24	0.14 mi	Dalton House, Bilsborrow Avenue, Derby	2	Flat
£995	04/24	0.15 mi	Suede House, 45 John Street, Derby, DE1	2	Flat
£1,000	04/25	0.15 mi	-	2	Flat
£1,040	03/24	0.15 mi	Bilsborrow Avenue, Derby, DE1	2	Flat
£1,040	05/24	0.15 mi	Bilsborrow Avenue, Derby, DE1	2	Flat
£1,040	02/24	0.15 mi	-	2	Flat
£1,040	06/24	0.15 mi	-	2	Flat
£950	03/24	0.15 mi	Suede House, 33 Castleward Boulevard, Derby, DE1	2	Flat
£925	03/24	0.15 mi	Suede House, 33 Castleward Boulevard	2	Flat
£895	04/24	0.15 mi	Suede House, 33 Castleward Boulevard	2	Flat
£895	03/24	0.16 mi	Strutt House, Erasmus Drive, Derby, DE1	2	Flat
£950	03/24	0.16 mi	Strutt House, Erasmus Drive, Derby, DE1	2	Flat
£1,050	04/24	0.18 mi	-	2	Flat
£1,050	03/24	0.18 mi	Dalton House, Derby, DE1	2	Flat
£1,050	03/24	0.19 mi	-	2	Flat
£1,100	03/24	0.19 mi	Fox House, 2 Erasmus Drive, Derby, DE1	2	Flat

Local Area Statistics

Population in DE1	14,04614,046
Population in Derby	308,324308,324
Town centre distance	0.28 miles away0.28 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Price changed to £160,000

March 4, 2025

Listed for £175,000

July 26, 2024

Floor Plans

Description

UPPER FLOOR APARTMENT +
SECURE RECEPTION +
OPEN PLAN LIVING & DINING KITCHEN +
TWO DOUBLE BEDROOMS +
EN SUITE & BATHROOM +
PARKING +
COMMUNAL GARDENS +
NO CHAIN +

POPULAR CITY CENTRE LOCATION Offered for sale with no chain offering secured communal entrance to the lift and stairs. Open plan living and dining kitchen, two double bedrooms, en suite and a bathroom. Parking space and communal gardens.

Hall - With storage cupboard and doors to -

Utility - Double doors form the hall into a utility area with plumbing for a washing machine.

Open Plan Living - Fitted kitchen area with units, work surfaces and a sink and drainer unit. Fitted oven and hob with extractor, space for a fridge freezer. Living and dining room with radiator and two Juliette balconies.

Bedroom - Upvc double glazed window and radiator.

En Suite - Shower, low flush wc, wash hand basin, ladder style radiator.

Bedroom - Upvc double glazed window and radiator.

Bathroom - Panel enclosed bath, low flush wc, wash hand basin, radiator.

Outside - Parking space and communal lawn.

Agent Details

Abode, Staffordshire & Derbyshire

03330 431558

Next Steps?

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