2 Bed Terraced House, Single Let, Derby, DE21 7JH, £155,000

Reader Street, Spondon, DE21 7JH - 8 months ago

BTL
ROI: 3%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£93K - £345K
Sold Prices/m²£1.5K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£192,340
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,150

Total Cash In

£44,900

 

 

Cash Out

 

Rent Range

£770 - £1,400

Rent Estimate

£806

Running Costs/mo

£666

Cashflow/mo

£140

Cashflow/yr

£1,685

ROI

4%

Gross Yield

6%

Local Sold Prices

35 sold prices from £93K to £345K, average is £170K. £1.5K/m² to £5.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£131K03/210.01 mi11, Reader Street, Spondon, Derby, City Of Derby DE21 7JH2
£142.5K06/230.01 mi4, Reader Street, Spondon, Derby, City Of Derby DE21 7JH2
£200K07/230.06 mi30, Brockley, Spondon, Derby, City Of Derby DE21 7JE2
£188K12/200.11 mi5, Strathaven Court, Spondon, Derby, City Of Derby DE21 7RH2
£144.5K04/210.13 mi17, Oxford Street, Spondon, Derby, Derbyshire DE21 7JN2
£190K04/230.13 mi23, Grasmere Avenue, Spondon, Derby, City Of Derby DE21 7JZ2
£175K12/220.16 mi26, Moor Street, Spondon, Derby, City Of Derby DE21 7EA2
£105K05/210.21 mi52, Chapel Street, Spondon, Derby, City Of Derby DE21 7JP2
£235K03/210.22 mi29, Croft Close, Spondon, Derby, City Of Derby DE21 7EF2
£173K01/230.25 mi1, Dreyfus Close, Spondon, Derby, City Of Derby DE21 7RR2
£170K10/210.27 mi24, Windmill Meadow, Spondon, Derby, City Of Derby DE21 7SZ2
£345K11/210.29 mi2, Royal Hill Road, Spondon, Derby, City Of Derby DE21 7AH2
£200K03/230.31 mi14, Hall Dyke, Spondon, Derby, City Of Derby DE21 7LF2
£169.9K09/210.32 mi5, Beaumaris Court, Spondon, Derby, City Of Derby DE21 7RG2
£202K05/210.38 mi30, Church Street, Spondon, Derby, City Of Derby DE21 7LL2
£133K02/210.43 mi23, Holyrood Close, Spondon, Derby, City Of Derby DE21 7QB2
£162K12/220.44 mi9, Fallow Road, Spondon, Derby, City Of Derby DE21 7TF2
£185K02/210.44 mi74, Huntley Avenue, Spondon, Derby, Derbyshire DE21 7DU2
£290K02/230.44 mi66, Huntley Avenue, Spondon, Derby, City Of Derby DE21 7DU2
£150K05/210.44 mi34, Ayr Close, Spondon, Derby, City Of Derby DE21 7GU2
£134K11/200.5 mi12, Ormskirk Rise, Spondon, Derby, City Of Derby DE21 7NU2
£135K07/230.54 mi15, Park Leys Court, Spondon, Derby, City Of Derby DE21 7TS2
£180K11/200.61 mi8, Silvey Grove, Spondon, Derby, City Of Derby DE21 7GH2
£170K08/210.7 mi23, Vincent Avenue, Spondon, Derby, City Of Derby DE21 7HB2
£149.9K05/210.75 mi37, Borrowfield Road, Spondon, Derby, Derbyshire DE21 7HE2
£93K01/230.76 mi16, Boston Close, Chaddesden, Derby, City Of Derby DE21 6WB2
£160K05/230.77 mi10, Silver Hill Road, Spondon, Derby, City Of Derby DE21 7HA2
£192.5K08/210.8 mi295, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£175K01/210.8 mi293, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£132K08/210.85 mi11, Towpath Way, Spondon, Derby, City Of Derby DE21 7SL2
£130K09/210.86 mi8, Towpath Court, Spondon, Derby, City Of Derby DE21 7TY2
£175K07/230.87 mi41, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UL2
£145K11/220.95 mi2, Carson Road, Chaddesden, Derby, City Of Derby DE21 6JU2
£185K12/200.95 mi307, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6ZB2
£210K08/230.98 mi5, Briar Close, Chaddesden, Derby, City Of Derby DE21 6ZD2

Local Rents

11 rents from £770/mo to £1.4K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£99502/240.14 mi-2
£85012/240.27 miSitwell Street, Spondon, Derby, Derbyshire2
£99512/240.37 miBankfield Drive, Spondon, Derby, Derbyshire, DE21 7QZ2
£89512/240.4 miBeeches Avenue, Spondon2
£90012/240.77 miSilver Hill Road, Spondon, DE21 7HA2
£80012/240.81 miPeckerdale Gardens, Spondon2
£77002/240.86 mi-2
£82512/241.02 miFalconside Drive, Spondon2
£85012/241.02 miFalconside Drive, Spondon2
£89512/241.09 miAlbert Road, Chaddesden2
£1,40012/241.22 miVictoria Avenue, Ockbrook, DE72 3RL2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

3.07 miles away

Nearest school

0.30 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Price changed to £155,000

February 20, 2025

Listed for £165,000

August 16, 2024

Sold for £131,000

2021

Sold for £100,000

2013

Sold for £39,000

2000

Floor Plans

Description

  • Traditional Two Double-Bedroom, Inner-Terrace Property +
  • Two Reception Rooms +
  • Ideal First Time Buy, No Upward Chain +
  • EPC Rating D, Standard Construction +
  • Council Tax Band A, Freehold +
  • Kitchen & First Floor Bathroom +
  • Rear Garden +
  • Gas Central Heating +
  • UPVC Double Glazing +
  • Close To Spondon Village +

A two double-bedroom, mid-terrace property occupying a no through road location and available for sale with no upward. Being ideal for a first time buyer the property lies close to Spondon village and an early viewing is recommended!

The accommodation is supplemented by gas fired central heating, UPVC double glazing and briefly comprises:- lounge, dining room and kitchen.

To the first floor the passaged landing provides access to two bedrooms and bathroom with a three piece suite.

Outside, there is a garden area to the rear elevation.

Reader Street is an established no through road location situated within the heart of Spondon village and is therefore well situated for shops, schools and transport links together with excellent road links for the A52, M1 motorway and A50 leading the Nottingham East Midlands Airport.

Agent Details

Hannells Estate Agents, Chaddesden

01332 215192

Next Steps?

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