2 Bed Terraced House, Single Let, Derby, DE23 8RY, £160,000

Walbrook Road, Derby, Derbyshire, DE23 8RY - 9 months ago

BTL
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£45.1K - £167K
Sold Prices/m²£543/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£88,292

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£600 - £1,250

Rent Estimate

£650

Running Costs/mo

£650

Cashflow/mo

£0

Cashflow/yr

£0

Gross Yield

5%

Local Sold Prices

50 sold prices from £45.1K to £167K, average is £101K. £543/m² to £2.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£120K06/230.05 mi100, Sutherland Road, Derby, City Of Derby DE23 8RW2
£112.5K02/230.07 mi44, Middleton Street, Derby, City Of Derby DE23 8QJ2
£75K01/210.08 mi75, Violet Street, Derby, City Of Derby DE23 8SR2
£83K11/200.09 mi128, Cameron Road, Derby, City Of Derby DE23 8RS2
£83K11/200.09 mi128, Cameron Road, Derby, City Of Derby DE23 8RS2
£90K03/210.1 mi36, Brunswick Street, Derby, Derbyshire DE23 8TP2
£65K11/200.13 mi100, Crewe Street, Derby, Derbyshire DE23 8QP2
£90K12/200.15 mi40, Goodale Street, Derby, City Of Derby DE23 8QE2
£120K05/230.16 mi134, Rutland Street, Derby, City Of Derby DE23 8PS2
£99K11/200.17 mi14, Willn Street, Derby, City Of Derby DE23 8QS2
£144K05/230.18 mi155, Upper Dale Road, Derby, City Of Derby DE23 8BP2
£125K05/210.2 mi254, St Thomas Road, Derby, City Of Derby DE23 8SY2
£72.5K11/200.2 mi8, Hastings Street, Derby, City Of Derby DE23 6QQ2
£107.5K06/210.21 mi78, Vincent Street, Derby, City Of Derby DE23 8BU2
£83K08/230.22 mi115, Portland Street, Derby, City Of Derby DE23 8QD2
£102K01/210.23 mi12, Birdwood Street, Derby, City Of Derby DE23 8BW2
£112.8K06/230.23 mi24, Chatham Street, Derby, City Of Derby DE23 8TH2
£145K06/230.25 mi49, Stenson Road, Derby, City Of Derby DE23 1JD2
£105K07/210.27 mi56, Lewis Street, Derby, City Of Derby DE23 8BY2
£45.1K12/210.27 mi66, Lewis Street, Derby, City Of Derby DE23 8BY2
£89K11/200.27 mi14, Lewis Street, Derby, City Of Derby DE23 8BX2
£82K10/200.27 mi58, Dale Road, Derby, City Of Derby DE23 6QW2
£100K09/210.28 mi74, Clarence Road, Derby, City Of Derby DE23 6LQ2
£92K01/210.3 mi20, Almond Street, Derby, City Of Derby DE23 6LW2
£88K03/210.3 mi42, Stanton Street, Derby, City Of Derby DE23 6ND2
£84K04/210.31 mi91, Harrington Street, Pear Tree, Derby, City Of Derby DE23 8PB2
£125K03/230.31 mi67, Harrington Street, Pear Tree, Derby, City Of Derby DE23 8PB2
£125K10/210.31 mi2, Laurel Bank, Derby, City Of Derby DE23 8UE2
£100K11/210.31 mi9, Laurel Bank, Derby, Derbyshire DE23 8UE2
£157K06/230.33 mi43, Richmond Road, Derby, City Of Derby DE23 8PY2
£78K03/210.34 mi93, Princes Street, Derby, City Of Derby DE23 8NS2
£79K03/210.34 mi57, Princes Street, Derby, Derbyshire DE23 8NS2
£150K11/220.35 mi72, Balfour Road, Derby, City Of Derby DE23 8UN2
£115K12/220.35 mi50, Newdigate Street, Derby, City Of Derby DE23 8UY2
£75K09/210.36 mi23, Holcombe Street, Derby, City Of Derby DE23 8HZ2
£116K02/230.36 mi17, Rutland Street, Derby, City Of Derby DE23 8PQ2
£114K02/230.36 mi10, Holcombe Street, Derby, City Of Derby DE23 8HZ2
£116K02/210.37 mi115, Dairyhouse Road, Derby, City Of Derby DE23 8HQ2
£151K06/230.39 mi121, Peartree Crescent, Derby, City Of Derby DE23 8RQ2
£115K04/210.39 mi89, Peartree Crescent, Derby, City Of Derby DE23 8RQ2
£167K11/220.4 mi23, Underhill Avenue, Derby, City Of Derby DE23 8WD2
£87K01/230.43 mi51, Cummings Street, Derby, City Of Derby DE23 6WX2
£125K07/230.43 mi139, Leacroft Road, Derby, City Of Derby DE23 8HY2
£105K03/210.43 mi111, Leacroft Road, Derby, City Of Derby DE23 8HY2
£60K01/210.44 mi17, Silver Hill Road, Derby, Derbyshire DE23 6UL2
£82.5K12/220.44 mi54, Silver Hill Road, Derby, City Of Derby DE23 6UJ2
£123K12/220.44 mi62, Silver Hill Road, Derby, City Of Derby DE23 6UJ2
£78K03/210.44 mi217, Shaftesbury Crescent, Derby, City Of Derby DE23 8NA2
£75K05/210.44 mi211, Shaftesbury Crescent, Derby, City Of Derby DE23 8NA2
£135K11/200.45 mi4, Park Hill Drive, Derby, City Of Derby DE23 8AA2

Local Rents

50 rents from £600/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85002/240.06 mi-2
£85012/240.06 mi-2
£87512/240.06 mi-2
£87501/250.06 mi-2
£85002/250.06 mi-2
£85002/250.06 mi-2
£85001/250.06 mi-2
£87001/250.06 mi-2
£87502/250.06 mi-2
£75003/240.1 miBrunswick Street 2
£79502/250.1 mi-2
£79512/240.17 mi-2
£80003/240.19 miSt. James Road, DERBY2
£87001/240.21 mi-2
£87004/240.21 mi-2
£89001/250.21 mi-2
£89004/250.21 mi-2
£73503/250.24 mi-2
£72503/240.24 miSackville Street, Derby2
£85012/240.25 mi-2
£80011/240.26 mi-2
£79504/240.27 miLewis Street, Derby2
£85003/240.3 miAlmond Street2
£70003/240.32 miBelvoir Street, Derby, Derbyshire2
£95005/240.34 mi-2
£75003/240.34 miBalfour Road, Derby, Derbyshire, DE232
£82511/240.35 mi-2
£82003/250.35 mi-2
£82003/250.35 mi-2
£72503/240.35 miBalfour Road, Derby2
£77503/240.36 miNewdigate Street,2
£77504/240.36 miNewdigate Street,2
£87512/240.36 miRutland Street2
£80001/250.37 mi-2
£85004/240.42 miDarby Street, Derby, DE232
£85004/240.42 miDarby Street, Derby, DE232
£85005/240.42 mi-2
£75002/250.43 mi-2
£89001/240.43 mi-2
£90012/240.44 mi-2
£87503/250.46 mi-2
£65003/240.47 miNormanton Road, Derby, Derbyshire, DE232
£82503/240.47 miShaftesbury Crescent, DERBY2
£77503/240.47 miShaftesbury Crescent, Derby, DE23 8LZ2
£80002/240.49 mi-2
£78504/250.49 mi-2
£1,25012/240.52 mi-2
£1,25012/240.52 mi-2
£60003/240.53 miNormanton Road, Derby, DE232
£90002/240.55 mi-2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £160,000

August 8, 2024

Floor Plans

Description

  • Two tenanted flats with freehold +
  • Two one bedroom flats +
  • Ideal investment opportunity +
  • Gas central heating +
  • Double glazed windows +

Two one bedroom flats within a converted terraced house, being sold with tenants in situ, with no upward chain. The combined gross rental income is currently £9360 per annum and is on a long term let. There is a one bedroom ground floor flat and a one bedroom first floor flat with communal entrance and a garden at the rear for the ground floor flat. The property benefits from gas central heating and double glazed windows. To the ground floor there is a communal entrance hall. The ground floor flat has a lounge, kitchen, bedroom, cloakroom, rear lobby and bathroom. The first floor flat has a lounge, kitchen, bedroom and bathroom. Viewing is essential.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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