3 Bed Detached House, Refurb/BRRR, Belper, DE56 1LB, £235,000

Marlborough Drive, Belper, DE56 1LB - 2 views - 9 months ago

Sold STC
Refurb/BRRR
~84 m²
+12 photos

ValuationFair Value

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

 

 

Square Metres

~84.33 m²
Price/m²£2.8K/m²

Value Estimate

£236,978

 

 

End Value (After Refurb)

£265,063

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£34,228

Bridging Loan Interest

£6,169

Total Cash In

£109,297

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,063

Mortgage (After Refinance)

£198,798

Mortgage LTV

75%

Cash Released

£22,548

Cash Left In

£86,749

Equity

£66,266

Rent Range

£760 - £1,000

Rent Estimate

£900

Running Costs/mo

£1,028

Cashflow/mo

£-128

Cashflow/yr

£-1,540

Gross Yield

5%

Local Sold Prices

50 sold prices from £95K to £503K, average is £265K. £1.3K/m² to £4.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£265K05/210.09 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£220K07/210.11 mi62, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£225K09/210.11 mi60, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£279K05/210.12 mi4, Jennys Court, Belper, Derbyshire DE56 0GY3
£290K02/210.15 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£286K07/230.2 mi12, Short Street, Belper, Derbyshire DE56 1JU3
£235K09/210.23 mi82, Edensor Drive, Belper, Derbyshire DE56 1TF3
£300K01/210.23 mi130, Whitemoor Lane, Belper, Derbyshire DE56 0HD3
£152.5K04/210.24 mi17, Kingswood Avenue, Belper, Derbyshire DE56 1TU3
£265K06/230.26 mi5, Spinners Way, Belper, Derbyshire DE56 0HR3
£255K06/230.26 mi3, Spinners Way, Belper, Derbyshire DE56 0HR3
£275K03/230.27 mi123, Kilbourne Road, Belper, Derbyshire DE56 1RZ3
£267K02/210.28 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£279.9K06/210.28 mi22, Maidwell Close, Belper, Derbyshire DE56 1TE3
£275K06/230.29 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.29 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£280K02/210.29 mi18, Bullsmoor, Belper, Derbyshire DE56 1JS3
£250K03/230.33 mi29, Thornton Way, Belper, Derbyshire DE56 0AH3
£95K12/200.33 mi14, Thornton Way, Belper, Derbyshire DE56 0AH3
£321K01/230.34 mi6, Orton Way, Belper, Derbyshire DE56 1UB3
£226K08/210.34 mi14, Ashford Rise, Belper, Derbyshire DE56 1TJ3
£205K01/210.35 mi25, Laund Avenue, Belper, Derbyshire DE56 1FL3
£275K05/230.36 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3
£310K12/200.37 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£220K07/210.37 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£285K02/230.38 mi7, Astlow Drive, Belper, Derbyshire DE56 1TT3
£258K12/200.38 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.38 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.38 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.38 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£280K10/210.38 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£280K02/210.4 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£270K03/230.4 mi154, John O'gaunts Way, Belper, Derbyshire DE56 0DG3
£312K09/210.41 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£265K06/230.41 mi55, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.41 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3
£200K05/210.42 mi1, Leche Croft, Belper, Derbyshire DE56 0DD3
£212K03/210.42 mi6, Findern Close, Belper, Derbyshire DE56 1TQ3
£216K11/220.42 mi11, St James Close, Belper, Derbyshire DE56 0EF3
£450K02/230.44 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.44 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£210K11/200.44 mi134, Far Laund, Belper, Derbyshire DE56 1FN3
£225K03/210.44 mi124, Far Laund, Belper, Derbyshire DE56 1FN3
£318K02/210.44 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.44 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.44 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£250.5K03/230.45 mi214, John O'gaunts Way, Belper, Derbyshire DE56 0DF3
£270K12/220.46 mi18, Cherry Tree Avenue, Belper, Derbyshire DE56 1FR3
£250K03/230.46 mi86, Nottingham Road, Belper, Derbyshire DE56 1JH3
£225K12/200.46 mi10, Stanton Avenue, Belper, Derbyshire DE56 1EE3

Local Rents

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

RentDateDistanceAddressBeds 
£76009/230.25 mi-3
£90012/240.31 miMarsh Lane, Belper, Derbyshire, DE563
£80012/240.46 miFar Laund, Belper3
£89512/240.47 miWindmill Lane, Belper3
£95012/240.61 miCook Close, Belper3
£1,00012/240.61 miBrafield Close, Belper3
£90012/240.68 miChesterfield Road, Belper, Derbyshire, DE563
£90012/240.76 miAlder Road, BELPER3
£95012/240.79 miGreen Lane, Belper, Derby3
£1,00012/240.8 miGreen Lane, Belper, Derbyshire, DE563
£89512/240.86 miSycamore Croft, Belper3
£85012/240.86 miQueen Street, Belper3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.61 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £235,000

February 24, 2025

Price changed to £240,000

September 25, 2024

Listed for £250,000

August 7, 2024

Floor Plans

Description

  • Detached house with single garage +
  • 3 bedrooms, 1 Reception Room +
  • in need of modernisation +
  • Cul-De-Sac Location +
  • close to shops +
  • No Upward Chain +

Derbyshire Properties are pleased to present this three bedroom detached family home in need of modernisation,  Positioned on a quiet cul-de-sac location, close to schools and parks. The property is offered with no upward chain and supplemented by sealed unit double glazing and gas central heating. The property also has the opportunity (subject to planning) to extend to the side or rear elevations. We believe the property would ideally suit first time buyers and small families and an early internal inspection should be undertaken to avoid disappointment.

Agent Details

Derbyshire Properties, Belper

01773 302133

Next Steps?

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