3 Bed Terraced House, Refurb/BRRR, Derby, DE23 3SJ, £160,000

Cloudwood Close, Littleover, DE23 3SJ - 4 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£160K - £635K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£247,648

Uplift in Value

+55%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£37,643

Bridging Loan Interest

£4,200

Total Cash In

£89,593

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£247,648

Agent Fees (1%)

£2,476

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£35,578

Local Sold Prices

50 sold prices from £160K to £635K, average is £260K. £1.6K/m² to £4.4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£185K09/210.11 mi5a, Greenway Drive, Littleover, Derby, City Of Derby DE23 4YN3
£215K01/210.13 mi64, Hillsway, Littleover, Derby, City Of Derby DE23 3DW3
£269.9K10/200.13 mi27, Hillsway, Littleover, Derby, City Of Derby DE23 3DS3
£570K04/230.13 mi20, Hillsway, Littleover, Derby, City Of Derby DE23 3DS3
£308K03/230.16 mi39, Hillsway, Littleover, Derby, City Of Derby DE23 3DU3
£272.5K01/230.21 mi44, Hillsway, Littleover, Derby, City Of Derby DE23 3DU3
£253K04/210.21 mi48, Hillsway, Littleover, Derby, City Of Derby DE23 3DU3
£273K02/210.23 mi81, Hillsway, Littleover, Derby, Derbyshire DE23 3DX3
£232K03/210.23 mi95, Hillsway, Littleover, Derby, City Of Derby DE23 3DX3
£260K09/210.24 mi63, Elms Avenue, Littleover, Derby, City Of Derby DE23 6FB3
£350K12/220.27 mi51, The Hollow, Littleover, Derby, City Of Derby DE23 6GH3
£200K03/210.27 mi21, Austen Avenue, Littleover, Derby, City Of Derby DE23 3EY3
£267.5K09/210.28 mi42, Kings Drive, Littleover, Derby, City Of Derby DE23 6EY3
£250K03/210.29 mi4, Upper Hollow, Littleover, Derby, City Of Derby DE23 6GJ3
£635K01/210.3 mi19, Keats Avenue, Littleover, Derby, City Of Derby DE23 4EE3
£227K02/210.31 mi2, Daylesford Close, Littleover, Derby, City Of Derby DE23 3SX3
£315K06/230.31 mi6, Daylesford Close, Littleover, Derby, City Of Derby DE23 3SX3
£215K10/210.31 mi6, Carlisle Avenue, Littleover, Derby, City Of Derby DE23 3ET3
£237K01/210.32 mi17, Springfield, Littleover, Derby, City Of Derby DE23 6EZ3
£254K12/220.33 mi23, Windsor Avenue, Littleover, Derby, City Of Derby DE23 3ER3
£354K02/230.33 mi11, Constable Drive, Littleover, Derby, City Of Derby DE23 6EP3
£265K11/200.33 mi65, The Hollow, Littleover, Derby, City Of Derby DE23 6GN3
£230.5K06/210.34 mi63, Swanmore Road, Littleover, Derby, City Of Derby DE23 3SY3
£208K12/200.35 mi11, Windsor Avenue, Littleover, Derby, City Of Derby DE23 3ER3
£205K02/210.35 mi18, Windsor Avenue, Littleover, Derby, City Of Derby DE23 3ER3
£206K12/200.35 mi10, Windsor Avenue, Littleover, Derby, City Of Derby DE23 3ER3
£265K05/230.35 mi20, Stevenson Place, Littleover, Derby, City Of Derby DE23 3EX3
£268.5K09/210.36 mi68, Jackson Avenue, Mickleover, Derby, City Of Derby DE3 9AT3
£262.5K03/230.41 mi42, Lawn Heads Avenue, Littleover, Derby, City Of Derby DE23 6DQ3
£275K09/210.42 mi91, The Hollow, Littleover, Derby, City Of Derby DE23 3BS3
£239K01/210.42 mi47, Jackson Avenue, Mickleover, Derby, City Of Derby DE3 9AS3
£160K12/200.42 mi19, Jackson Avenue, Mickleover, Derby, City Of Derby DE3 9AS3
£223K04/230.44 mi41, Harpur Avenue, Littleover, Derby, City Of Derby DE23 3EL3
£252K06/230.45 mi6, Cotswold Close, Littleover, Derby, City Of Derby DE23 1FE3
£320K11/210.46 mi337, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£315K01/230.46 mi363, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£320K12/220.46 mi347, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£285K11/220.48 mi323, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AH3
£250K05/210.49 mi55, Willson Road, Littleover, Derby, City Of Derby DE23 1BY3
£191.5K08/210.49 mi41, Willson Road, Littleover, Derby, City Of Derby DE23 1BY3
£320K05/210.49 mi9, Park Drive, Littleover, Derby, Derbyshire DE23 6FY3
£318.5K06/230.49 mi5, Heath Avenue, Littleover, Derby, City Of Derby DE23 6DJ3
£260K03/210.49 mi21b, Heath Avenue, Littleover, Derby, City Of Derby DE23 6DJ3
£258.5K06/210.5 mi326, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AG3
£300.5K01/230.5 mi370, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AG3
£212K04/210.5 mi5, Vine Close, Littleover, Derby, City Of Derby DE23 3BX3
£248K11/200.53 mi29, Queens Drive, Littleover, Derby, City Of Derby DE23 6DU3
£247.5K08/210.55 mi28, Queens Drive, Littleover, Derby, City Of Derby DE23 6DT3
£290K08/230.55 mi14, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA3
£295K11/220.55 mi5, Merridale Road, Littleover, Derby, City Of Derby DE23 1DJ3

Local Rents

24 rents from £950/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10002/250.24 mi-3
£95002/250.27 mi-3
£95003/250.31 mi-3
£1,09503/250.32 mi-3
£95003/240.34 miBurton Road, Derby, Derbyshire, DE23 6FW3
£1,20003/240.39 miJackson Avenue3
£95004/240.4 mi-3
£95004/240.4 miOak Crescent, Littleover, Derby, DE233
£95004/240.4 miOak Crescent, Littleover, Derby, DE233
£1,12503/240.42 miJackson Avenue, Mickleover3
£1,10001/250.43 mi-3
£1,20003/240.43 miNormanton Lane, Littleover, Derby3
£1,27503/240.45 miCorden Avenue, Mickleover, DERBY3
£1,19511/240.51 mi-3
£1,19501/250.51 mi-3
£1,22004/240.57 mi-3
£1,22003/240.57 miHighfield Road, Littleover, Derby, DE233
£1,22004/240.57 miHighfield Road, Littleover, Derby, DE233
£1,25004/250.58 mi-3
£1,20003/240.59 miMostyn Avenue, Derby3
£1,25003/240.59 miPartridge Way, Mickleover3
£1,05003/250.6 mi-3
£95003/240.62 miSwift Close, Mickleover3
£99503/240.62 miSwift Close, Mickleover3

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.96 miles away

Nearest train station

1.87 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

September 3, 2024

Floor Plans

Description

  • Three Bedroom Standard Construction Mid-Terrace Property +
  • EPC Rating C +
  • Council Tax Band B +
  • On-Street Parking +
  • No Onward Chain +
  • Freehold +
  • In Need Of Modernisation +
  • Sought-After Location Of Littleover +
  • Situated On A Cul-de-Sac +
  • Ideal For A First Time Buyer, Investor Or Family +

Brought to the market with NO UPWARD CHAIN is the three bedroom mid-terrace property, suitable for a first time buyer, investor or family. Requiring a scheme of improvement, the property is situated on a pleasant cul-de-sac in Littleover and features spacious living accommodation, uPVC double glazing, gas central heating and a low maintenance, enclosed rear garden.

In brief, the accommodation comprises: Entrance hall with storage cupboard; spacious. open plan lounge/diner; fitted kitchen with a door giving access into the rear garden; first floor landing; three bedrooms; family bathroom; separate WC.

Outside, to the front of the property is a lawned garden with flowerbeds, whilst to the rear is a private, low maintenance, enclosed garden with patio area and fence boundaries.

Cloudwood Close is convenient for local amenities, including shops, schools, regular bus services and all major roads, together with having easy access to Derby City Centre, the Royal Derby Hospital and Rolls-Royce.

Agent Details

Hannells Estate Agents, Littleover

01332 215174

Next Steps?

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