3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE3 9JG, £250,000

55 Onslow Road, Mickleover, Derbyshire, DE3 9JG - 1 views - 7 months ago

Sold STC
BTL
Refurb/BRRR
Planning
ROI: 2%
~75 m²
+8 photos

ValuationOvervalued

Sold Prices£98K - £372K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~75 m²
Price/m²£3.3K/m²

Value Estimate

£195,528

 

 

End Value (After Refurb)

£214,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£30,392

Bridging Loan Interest

£6,563

Total Cash In

£109,904

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£214,375

Mortgage (After Refinance)

£160,781

Mortgage LTV

75%

Cash Left In

£109,904

Equity

£53,594

Rent Range

£925 - £1,425

Rent Estimate

£1,100

Running Costs/mo

£910

Cashflow/mo

£190

Cashflow/yr

£2,281

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £98K to £372K, average is £222K. £1.4K/m² to £3.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£210K06/210.13 mi11, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£220K07/210.13 mi23, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£185K02/210.13 mi26, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£250K11/220.13 mi8, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£345K11/220.13 mi67, Fairbourne Drive, Mickleover, Derby, City Of Derby DE3 0SA3
£230K02/210.14 mi14, Rangemore Close, Mickleover, Derby, City Of Derby DE3 9JU3
£215K02/210.16 mi56, Onslow Road, Mickleover, Derby, Derbyshire DE3 9JH3
£222K10/200.16 mi22, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RT3
£195K03/210.16 mi29, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RT3
£249K12/220.16 mi56, Onslow Road, Mickleover, Derby, City Of Derby DE3 9JH3
£227K06/210.18 mi6, Bakewell Close, Mickleover, Derby, City Of Derby DE3 9JS3
£210K07/210.2 mi55, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£195K12/200.2 mi29, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£98K04/210.2 mi22, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£230K01/230.21 mi36, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9JR3
£210K01/210.21 mi28, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9JR3
£257.1K12/220.21 mi49, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£205K05/210.22 mi10, Bonsall Drive, Mickleover, Derby, City Of Derby DE3 9HQ3
£235K08/210.23 mi9, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9HR3
£222K11/200.23 mi14, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9HR3
£290K04/230.23 mi7, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9HR3
£272.5K11/220.23 mi15, Gisborne Close, Mickleover, Derby, City Of Derby DE3 9LU3
£215K11/210.24 mi27, Starflower Way, Mickleover, Derby, City Of Derby DE3 0BS3
£265K02/210.25 mi9, Onslow Road, Mickleover, Derby, City Of Derby DE3 9JJ3
£215K02/210.25 mi10, Langford Road, Mickleover, Derby, City Of Derby DE3 0PD3
£200K04/210.25 mi9, Langford Road, Mickleover, Derby, City Of Derby DE3 0PD3
£237.5K08/210.25 mi30, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RU3
£305K11/220.27 mi26, Gisborne Close, Mickleover, Derby, City Of Derby DE3 9LU3
£250K04/230.29 mi3, East Avenue, Mickleover, Derby, City Of Derby DE3 9HN3
£235K07/210.29 mi5, East Avenue, Mickleover, Derby, City Of Derby DE3 9HN3
£235K06/210.3 mi106, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JX3
£218K02/210.3 mi42, Haddon Drive, Mickleover, Derby, City Of Derby DE3 9HL3
£245K03/230.32 mi111, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HE3
£190K12/200.33 mi117, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0PF3
£178K06/210.33 mi61, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0PF3
£270K03/230.36 mi26, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FT3
£270K01/210.36 mi34, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FT3
£180K01/210.36 mi7, Upchurch Close, Mickleover, Derby, City Of Derby DE3 0PX3
£372K10/200.36 mi147, Station Road, Mickleover, Derby, City Of Derby DE3 9FL3
£165K11/200.37 mi3, Chelmsford Close, Mickleover, Derby, City Of Derby DE3 0PU3
£180K11/200.37 mi1, Chelmsford Close, Mickleover, Derby, City Of Derby DE3 0PU3
£260K02/230.37 mi10, Rothwell Road, Mickleover, Derby, City Of Derby DE3 0PJ3
£226K11/220.39 mi9, Marfleet Close, Mickleover, Derby, City Of Derby DE3 0PQ3
£260K12/200.39 mi15, Marfleet Close, Mickleover, Derby, City Of Derby DE3 0PQ3
£255K11/220.4 mi8, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3
£175K05/210.4 mi45, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£199.9K10/200.4 mi41, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£208K05/210.4 mi39, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£199.9K02/210.4 mi75, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£180K02/210.4 mi10, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3

Local Rents

19 rents from £925/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40003/240.13 miRosehip Road, Mickleover, Derby3
£1,17503/240.21 miVictoria Close, Mickleover, DE3 9JQ3
£1,10003/250.28 mi-3
£1,05004/240.32 miLadybank Road, Mickleover3
£1,20004/240.39 miIris Crescent, Mickleover DE3 0FW3
£1,10005/240.4 miChilson Drive, Mickleover, Derby3
£1,00003/240.4 miChilson Drive, Mickleover, Derby3
£1,10004/240.42 mi-3
£1,20003/240.48 miSnowdrop Road, Mickleover, Derby3
£1,05004/240.49 miHoylake Court, Mickleover3
£92503/240.5 miBanwell Close, Mickleover, Derby3
£1,15003/250.6 mi-3
£1,35002/240.6 mi-3
£1,35004/240.6 mi-3
£1,20003/240.6 mi-3
£1,35003/240.6 miMyrtle Avenue, Mickleover, Derby, DE33
£1,20003/240.6 miBay Close, Mickleover3
£1,42503/250.62 mi-3
£95004/240.62 miFenton Road, Mickleover, Derby3

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

2.84 miles away

Nearest school

0.40 miles away

Nearest train station

3.19 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £250,000

August 19, 2024

Floor Plans

Description

  • Charming semi-detached property +
  • Three spacious bedrooms +
  • Generous double bedrooms +
  • Open-plan kitchen and dining +
  • Separate WC +
  • Single well-proportioned reception room +
  • Large garage and off-street parking +
  • Inviting lounge area +
  • Convenient garden access +
  • Nearby schools and transport links +

This charming semi-detached property, in need of modernisation, offers three bedrooms, a spacious open-plan kitchen with dining area, a separate WC, garage, off-street parking, and a garden, all located in a sought-after area with excellent transport links and amenities, presenting an exceptional opportunity for families and couples to create their perfect home.

Summary Description - Introducing this charming semi-detached property presented for sale and brimming with potential. Although in need of modernisation, this residence provides an exceptional opportunity for families and couples to create their perfect home in a sought-after address.

The property is spaciously designed, offering a total of three bedrooms. Two of these are generously sized double rooms, with the third being a comfortable single room. The layout ensures ample living space for occupants and guests.

The home boasts a single well-proportioned reception room, currently serving as a comfortable lounge area. With an inviting atmosphere, it's the perfect place to relax or entertain.

The property's kitchen/diner is a standout feature. It is open-plan with a dedicated dining space, providing the perfect setting for family meals or social gatherings. The kitchen also offers convenient access to the property's garden and has ample space for necessary appliances.

The bathroom comes with the added benefit of having a separate WC, ensuring functionality and convenience for all household members.

Outside, the property showcases a garage, off-street parking, and a garden, presenting unique features not often found in similar properties.

The location adds significant appeal, with public transport links, nearby schools, walking and cycling routes just a stone's throw away. This property, with its unique blend of potential and location, offers an excellent opportunity for those willing to unlock its potential. It's not just a home, but a lifestyle waiting to be experienced.

Entrance Hall - Carpeted and neutrally decorated with front aspect obscure upvc double glazed window and upvc main entrance door, under stairs storage, radiator.

Lounge - 3.75 x 3.3 (12'3" x 10'9") - Carpeted and neutrally decorated with front aspect upvc double glazed window, tv and internet points, radiator.

Kitchen/Diner - 3.21 x 5.38 (10'6" x 17'7") - Having ceramic tile effect flooring and neutral decor with two rear aspect upvc double glazed windows, rear aspect upvc double glazed door to garden, side aspect part obscure upvc double glazed door to driveway, a range of fitted floor units to shaker style with wood worktop, inset stainless steel sink with drainer, vegetable preparation and chrome monobloc tap, space for electric oven, under counter space and plumbing for appliances, under stairs storage, radiator.

Stairs/Landing - Carpeted and neutrally decorated with side aspect obscure upvc double glazed window, access to roof space.

Bedroom One - 3.95 x 3.07 (12'11" x 10'0") - Carpeted and neutrally decorated with front aspect upvc double glazed window, radiator, tv point.

Bedroom Two - 3.25m x 3.10m (10'8" x 10'2") - Carpeted and neutrally decorated with rear aspect upvc double glazed window, radiator.

Bedroom Three - 2.94 x 2.23 (9'7" x 7'3") - Carpeted and neutrally decorated with front aspect upvc double glazed window, radiator.

Bathroom - 1.69 x 2.2 (5'6" x 7'2") - Having ceramic tile effect cushion flooring and neutral decor with rear aspect obscure upvc double glazed window, tiled splashbacks, pedestal wash hand basin with chrome hot and cold taps, bathtub with chrome hot and cold taps and plumbed shower over, radiator.

Wc - Having ceramic tile effect cushion flooring and neutral decor with side aspect obscure upvc double glazed window, toilet.

Outside -

Frontage And Driveway - To the front, you will find a section of lawn with concrete driveway leading along the side of the house to the detached garage. The driveway provides parking for at least 3 cars parked in tandem.

Large Garage - To the rear of the driveway you will find a detached, brick built garage with electric roller shutter door, rear personal door, light and power.

Rear Garden - To the rear you will find an enclosed south facing garden which has been landscaped to provide a mixture of paved patio and lawn.

Material Information - Verified Material Information
Council tax band: C
Council tax annual charge: £1873.2 a year (£156.1 a month)
Tenure: Freehold
Property type: House
Property construction: Standard form
Number and types of room: 3 bedrooms
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Central heating
Heating features: Double glazing
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 - Excellent, Vodafone - Excellent, Three - Excellent, EE - Excellent
Parking: Garage, Driveway, and Off Street
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: D

Please Note - The property also has cavity wall insulation.

Buying To Let? - Guide achievable rent price: £1100 pcm

The above as an indication of the likely rent price you could achieve in current market conditions for a property of this type, presented in good condition. Scoffield Stone offers a full lettings and property management service, so please ask if you would like more information about the potential this property has as a 'Buy to Let' investment.

Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Floor plans are not drawn to scale and room dimensions are subject to a +/- 50mm (2") tolerance and are based on the maximum dimensions in each room. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.

Location / What3words - what3words ///trade.mouth.second

Agent Details

Scoffield Stone, Hilton

01283 243683

Next Steps?

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