2 Bed Flat, Single Let, Derby, DE23 8BH, £90,000

Grange Street, Derby, DE23 8BH - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 15%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£78.5K - £155K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£108,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£700 - £1,250

Rent Estimate

£800

Running Costs/mo

£461

Cashflow/mo

£339

Cashflow/yr

£4,065

ROI

15%

Gross Yield

11%

Local Sold Prices

38 sold prices from £78.5K to £155K, average is £110K. £1.2K/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£92K11/210.23 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£130K08/210.56 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£155K03/230.6 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£150K10/200.62 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£90K01/230.65 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£90K07/220.79 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£78.5K08/210.8 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.8 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£125K12/200.81 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£83K05/210.84 mi22, Ashwood Close, Derby, City Of Derby DE24 8XW2
£97K07/210.85 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/220.85 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/230.85 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£103K01/210.85 mi16, Coral Close, Derby, City Of Derby DE24 1AP2
£124K03/210.85 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£112K06/220.91 mi17, Atlantic Way, Derby, City Of Derby DE24 1AB2
£90K09/210.92 mi40, Magellan Way, Derby, City Of Derby DE24 1AD2
£114K08/220.92 mi42, Magellan Way, Derby, City Of Derby DE24 1AD2
£108K11/200.92 mi28, Pacific Way, Derby, City Of Derby DE24 1AA2
£107.5K11/200.92 mi22, Pacific Way, Derby, City Of Derby DE24 1AA2
£110K02/230.92 mi22, Atlantic Way, Derby, City Of Derby DE24 1AB2
£106K04/210.92 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£122.5K05/230.92 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£111K12/210.92 mi25, Atlantic Way, Derby, City Of Derby DE24 1AB2
£117.5K02/230.92 mi33, Atlantic Way, Derby, City Of Derby DE24 1AB2
£112K10/220.93 mi35, Atlantic Way, Derby, City Of Derby DE24 1AB2
£97K03/220.96 mi10, Ocean Court, Derby, City Of Derby DE24 1AN2
£110K10/220.97 mi49, Panama Circle, Derby, City Of Derby DE24 1AE2
£118.5K10/220.97 mi58, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/210.97 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/210.97 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/210.97 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£89.7K03/210.97 mi64, Panama Circle, Derby, City Of Derby DE24 1AE2
£113.5K03/230.97 mi47, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/210.97 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£130K11/220.97 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£117K01/230.97 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K11/220.99 mi80, Panama Circle, Derby, City Of Derby DE24 1AE2

Local Rents

50 rents from £700/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£75010/230 miGrange Street, Derby, Derbyshire, DE232
£80003/240.12 miThe Bank, Sidney Street, Derby2
£80004/240.12 mi13 Parkgate, 33-38 Reginald Street, Derby2
£70004/240.14 miDerby, Derbyshire2
£80003/240.17 miSidney Street, Derby2
£80003/240.17 miThe Bank, Sidney Street, Derby2
£82503/240.18 miThe Bank, Sidney Street, Derby2
£72503/240.19 miCentre Court, Barlow Street, Derby2
£85512/240.23 mi-2
£78501/250.23 mi-2
£75003/240.28 miMorleston Street, Derby, DE232
£1,25005/240.32 miLondon Road, DERBY2
£1,25005/240.32 miLondon Road, DERBY2
£75001/240.32 mi-2
£75012/240.32 mi-2
£87505/240.35 miFox House, Erasmus Drive, Derby2
£94002/240.36 mi-2
£95005/240.36 miErasmus Drive, Nightingale Quarter, Derby2
£90001/240.36 mi-2
£99504/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£1,07503/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£90003/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£97504/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95004/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95005/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95005/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£99505/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95003/240.36 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£87503/250.37 mi-2
£1,10003/240.37 miErasmus Drive, DERBY2
£1,10003/240.37 miFox House, Erasmus Drive2
£1,05003/240.37 miErasmus Drive, DERBY2
£1,05003/240.37 miErasmus Drive, DERBY2
£1,05003/240.37 miErasmus Drive, DERBY2
£1,05003/240.37 miErasmus Drive, DERBY2
£1,05003/240.37 miErasmus Drive, DERBY2
£1,10003/240.37 miErasmus Drive, DERBY2
£89503/240.37 miFox House, Nightingale Quarter2
£1,10003/240.37 miErasmus Drive, DERBY2
£1,10003/240.37 miErasmus Drive, DERBY2
£1,10003/240.37 miErasmus Drive, DERBY2
£1,10004/240.37 miErasmus Drive, DERBY2
£89504/240.37 miFox House, Erasmus Drive2
£1,10004/240.37 miErasmus Drive, DERBY2
£95004/240.37 miErasmus Drive, DERBY2
£1,00004/240.37 miErasmus Drive, DERBY2
£92504/240.37 miFox House, Erasmus Drive2
£95004/240.37 miErasmus Drive, DERBY2
£1,00005/240.37 miErasmus Drive, DERBY2
£1,00005/240.37 miErasmus Drive, DERBY2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £90,000

September 5, 2024

Floor Plans

Description

  • SOLD WITH NO UPWARD CHAIN +
  • TWO BEDROOMS +
  • CLOSE TO CITY CENTRE +
  • ALLOCATED PARKING +
  • OPEN PLAN LIVING +
  • IDEAL FOR FTB or INVESTORS +

Northwood are pleased to bring this Ground Floor, Two Bedroom Apartment to the market, offered for sale with NO UPWARD CHAIN. Centrally located providing easy access to the city centre and major road links.  In brief the property comprises: Entrance Hallway, Family Bathroom, Open Plan Living Kitchen and Two Bedrooms. One allocated parking space to rear of building. EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 107 years 2 months,

Agent Details

Northwood, Derby

01332 215583

Next Steps?

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