3 Bed Terraced House, Cash/Bridging Only, Derby, DE1 1GP, £160,000

Wild Street, Derby, DE1 1GP - 3 views - 7 months ago

Cash
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£90K - £325K
Sold Prices/m²£1.3K/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£161,600

 

 

End Value (After Refurb)

£171,792

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£37,600

Bridging Loan Interest

£4,200

Total Cash In

£89,550

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,792

Mortgage (After Refinance)

£128,844

Mortgage LTV

75%

Cash Released

£8,844

Cash Left In

£80,706

Equity

£42,948

Rent Range

£368 - £2,795

Rent Estimate

£800

Running Costs/mo

£717

Cashflow/mo

£83

Cashflow/yr

£998

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £325K, average is £156.5K. £1.3K/m² to £2.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£130K03/230.06 mi116, Uttoxeter Old Road, Derby, City Of Derby DE1 1GE3
£150K07/230.08 mi24, Stepping Lane, Derby, City Of Derby DE1 1GJ3
£161K03/210.09 mi27, Campion Street, Derby, City Of Derby DE22 3EH3
£95.5K02/230.11 mi37, Sims Avenue, Derby, City Of Derby DE1 1GS3
£249.9K08/220.12 mi38, Slater Avenue, Derby, City Of Derby DE1 1GT3
£245K07/230.13 mi37, Slater Avenue, Derby, City Of Derby DE1 1GT3
£158K10/210.15 mi59, Slack Lane, Derby, City Of Derby DE22 3FN3
£210K07/220.15 mi27, Slater Avenue, Derby, City Of Derby DE1 1GT3
£100K03/230.19 mi27, Langley Street, Derby, City Of Derby DE22 3GN3
£115K10/210.2 mi4, Lloyd Street, Derby, Derbyshire DE22 3ET3
£187K06/230.21 mi18, College Mews, Derby, City Of Derby DE1 1UT3
£230K12/220.22 mi11, South Street, Derby, City Of Derby DE1 1DS3
£175K02/230.24 mi64, Ashbourne Road, Derby, City Of Derby DE22 3AF3
£116.5K10/200.25 mi27, Radbourne Street, Derby, City Of Derby DE22 3HD3
£240K04/230.26 mi58, Merchant Street, Derby, City Of Derby DE22 3AQ3
£185K06/230.26 mi125, Markeaton Street, Derby, City Of Derby DE1 1DX3
£152.5K02/210.26 mi11, Markeaton Street, Derby, City Of Derby DE1 1DX3
£185K11/200.27 mi52, Larges Street, Derby, Derbyshire DE1 1DN3
£193K03/210.27 mi54, Larges Street, Derby, City Of Derby DE1 1DN3
£150K07/210.28 mi27, Peel Street, Derby, City Of Derby DE22 3GJ3
£125K06/210.28 mi81, Manchester Street, Derby, City Of Derby DE22 3GD3
£325K10/210.28 mi66b, Friar Gate, Derby, City Of Derby DE1 1DJ3
£150K02/230.29 mi106, Peel Street, Derby, City Of Derby DE22 3GH3
£222K05/210.31 mi28, Manchester Street, Derby, City Of Derby DE22 3GA3
£172K02/230.31 mi76, Manchester Street, Derby, City Of Derby DE22 3GA3
£147.5K07/210.33 mi23, Hawke Street, Derby, City Of Derby DE22 3DQ3
£180K06/210.36 mi6, Heyworth Street, Derby, City Of Derby DE22 3DL3
£265K08/220.41 mi29, York Street, Derby, City Of Derby DE1 1FZ3
£149K05/210.41 mi67, Cheviot Street, Derby, City Of Derby DE22 3EX3
£132K06/210.41 mi13, Cheviot Street, Derby, City Of Derby DE22 3EX3
£130K08/210.42 mi5, Freehold Street, Derby, City Of Derby DE22 3QZ3
£175K05/230.44 mi4, Mackenzie Street, Derby, City Of Derby DE22 3DD3
£155K03/230.44 mi19, Drewry Lane, Derby, City Of Derby DE22 3QS3
£144K06/210.45 mi25, Crosby Street, Derby, City Of Derby DE22 3NY3
£165K12/220.45 mi8, Lyttelton Street, Derby, City Of Derby DE22 3FD3
£139.9K01/210.46 mi16, Leaper Street, Derby, City Of Derby DE1 3NB3
£135K03/230.46 mi82, Curzon Street, Derby, City Of Derby DE1 1LP3
£145K03/210.46 mi41, Nuns Street, Derby, City Of Derby DE1 3LR3
£134.9K01/230.47 mi23, Wolfa Street, Derby, City Of Derby DE22 3SE3
£206K07/210.48 mi121, Radbourne Street, Derby, City Of Derby DE22 3BW3
£210K12/220.49 mi7, Rowditch Avenue, Derby, City Of Derby DE22 3LE3
£130K12/200.49 mi39, King Alfred Street, Derby, City Of Derby DE22 3QL3
£117K10/200.5 mi29, Forman Street, Derby, City Of Derby DE1 1JQ3
£190K03/230.51 mi81, Windmill Hill Lane, Derby, City Of Derby DE22 3BN3
£190K06/230.51 mi86, Bridge Street, Derby, City Of Derby DE1 3LF3
£125K11/200.51 mi14, Wallace Street, Derby, City Of Derby DE22 3FB3
£175K02/230.53 mi44, Cheviot Street, Derby, City Of Derby DE22 3EY3
£180K08/220.56 mi44, Walter Street, Derby, City Of Derby DE1 3PR3
£90K03/210.57 mi19, Moss Street, Derby, City Of Derby DE22 3WG3
£142K08/230.57 mi37, Moss Street, Derby, City Of Derby DE22 3WG3

Local Rents

50 rents from £368/mo to £2.8K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£48103/240.02 miWild Street3
£1,36503/240.02 miWild Street, Derby, DE13
£1,40403/240.02 miWild Street, Derby, Derbyshire, DE13
£55912/240.04 miEtwall Street - Student Property!3
£54212/240.04 miEtwall Street, Derby3
£82012/240.06 mi-3
£1,49504/240.07 miStepping Lane, Derby, 3
£92512/240.08 mi-3
£85003/240.08 mi3 Bedroom Terraced House, Stepping Lane, Derby Centre3
£1,49512/240.09 miCampion Street, Derby, 3
£2,79512/240.09 mi-3
£2,79512/240.09 mi-3
£1,43012/240.09 miCampion Street, Derby, 3
£1,43012/240.09 miCampion Street, Derby, 3
£90003/240.11 mi-3
£1,56012/240.11 miStables Street, Derby, DE223
£1,00012/240.11 miStables Street, Derby, DE223
£87512/240.14 miStanley Street, Derby, DE22 3GT3
£43312/240.14 miStables Street3
£89503/240.15 mi-3
£89512/240.15 miSlack Lane, Derby, DE223
£90001/250.15 mi-3
£85012/240.16 miPeach Street, Derby3
£53312/240.17 miHandford Street3
£80012/240.17 miHowe Street, DERBY3
£52012/240.18 miStudent Lettings 2023 - 20243
£39012/240.18 miStudent Property 24-253
£1,75512/240.18 miLangley Street, Derby, Derbyshire, DE22 3GL3
£1,62512/240.19 miLangley Street, Derby, Derbyshire, DE223
£1,10002/240.2 mi-3
£36812/240.2 miCecil Street - Students - 24 -253
£1,00005/240.2 mi-3
£1,00012/240.2 miSurrey Street, Derby, DE223
£95012/240.21 mi-3
£85012/240.21 miArnold Street3
£1,51712/240.22 miSurrey Street, Derby3
£45512/240.23 miPeel Street, Derby3
£36803/240.23 miSouth Street3
£37712/240.24 miStudent Lettings 2024 - 20253
£89504/240.24 miGreat Northern Road, Derby3
£36804/240.24 miSouth Street3
£56303/240.25 miYork Street, Derby3
£1,15712/240.25 miKiln House, Manchester Street, Derby, Derbyshire, DE223
£90004/240.25 miYork Street, DERBY3
£1,19212/240.25 miRadbourne Street, Derby3
£1,09902/240.26 mi-3
£85001/250.26 mi-3
£99512/240.26 miBurgess Mill, Manchester Street3
£2,40003/250.27 mi-3
£49812/240.27 miMerchant Street, Derby, Derbyshire, DE22 3AQ3

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £160,000

August 21, 2024

Sold for £100,000

2011

Sold for £39,500

2000

Floor Plans

Description

  • Investment Sale Only +
  • Mid Terrace Home +
  • Lounge & Dining Room +
  • Kitchen +
  • Three Bedrooms +
  • Bathroom +
  • Rented £800 pcm +
  • Rear Garden +

Landlords Only Investment Sale Rental Income £800 pcm

A traditional mid terrace home with uPVC double glazing and gas central heating, being sold with tenants in occupation.
The interior accommodation offers lounge on the front elevation with window to the front elevation with feature fire place and door through to the dining room on the rear aspect with laminate flooring, stairs rising to the first floor, with a useful under stairs storage cupboard and French patio door opening onto the rear garden.

The kitchen has a selection of fitted units with freestanding appliance spaces for cooker and washing machine, built-in dishwasher and concealed cupboard space for fridge freezer, wall mounted gas fired combination boiler and window to the rear aspect.

The first floor provides three generous bedrooms with a central bathroom offering a four piece white bathroom suite with shower enclosure and shaver point. There is a rear garden with shared entry access to the front. View by strict appointment.

The Accommodation -

Lounge - 3.71m x 3.48m (12'2 x 11'5) -

Dining Room - 3.71m x 3.66m (12'2 x 12'0) -

Kitchen - 2.74m x 1.83m (9'0 x 6'0) -

Bedroom One - 3.71m x 3.51m (12'2 x 11'6) -

Bedroom Two - 3.86m x 2.16m (12'8 x 7'1) -

Bedroom Three - 2.95m x 2.95m max (9'8 x 9'8 max) -

Bathroom -

Rear Garden -

Tenanted Property - The home is being Let at £800 pcm, therefore any intending buyer will be required to be cash or to be with suitable Buy To Let Finance.

Draft details awaiting vendor approval and subject to change.

Agent Details

Nicholas Humphreys, Burton-on-Trent

01283 243718

Next Steps?

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