2 Bed Flat, Single Let, Derby, DE23 2NR, £90,000

Blagreaves Avenue, Littleover, DE23 2NR - 7 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~54 m²
+1 photos

ValuationUndervalued

Sold Prices£33.5K - £179K
Sold Prices/m²£588/m² - £3.3K/m²

 

 

Square Metres

~54.26 m²
Price/m²£1.7K/m²

Value Estimate

£103,661
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£750 - £975

Rent Estimate

£750

Running Costs/mo

£451

Cashflow/mo

£299

Cashflow/yr

£3,585

ROI

13%

Gross Yield

10%

Local Sold Prices

38 sold prices from £33.5K to £179K, average is £121.5K. £588/m² to £3.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£33.5K01/210.49 mi1, Ticknall Walk, Sunnyhill, Derby, City Of Derby DE23 1TX2
£90.8K05/220.52 mi11, Ivernia Close, Sunnyhill, Derby, City Of Derby DE23 1XF2
£86K08/220.86 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£70K11/200.88 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2
£128K06/211.11 mi66, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£138.5K02/231.11 mi37, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£117K04/211.11 mi56, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£120K03/231.11 mi70, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£120K05/221.11 mi53, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£135K02/231.11 mi59, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£140K07/221.11 mi55, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£115K05/221.11 mi3, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£83K07/221.18 mi52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ2
£144K10/201.19 mi6, Hobkirk Drive, Sinfin, Derby, City Of Derby DE24 3DT2
£179K05/211.29 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2
£162.5K04/211.45 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/221.45 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/221.45 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/211.45 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/211.45 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/211.45 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£121K10/211.45 mi39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF2
£170.5K09/221.45 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£100K11/211.56 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£122.5K08/211.6 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£80K02/231.61 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£95K10/211.63 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/231.63 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£125K12/201.66 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£95K03/211.67 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£90K01/231.73 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£95K03/211.76 mi21, Stanage Green, Mickleover, Derby, Derbyshire DE3 9DX2
£97K10/201.76 mi11, Stanage Green, Mickleover, Derby, City Of Derby DE3 9DX2
£122K11/211.92 mi26, College Green Walk, Mickleover, Derby, City Of Derby DE3 9DW2
£125K01/211.96 mi25, College Green Walk, Mickleover, Derby, City Of Derby DE3 9DW2
£150K10/221.98 mi15, Doles Lane, Findern, Derby, Derbyshire DE65 6AX2
£95K01/211.99 miFlat 3, Limes Court, Limes Avenue, Mickleover, Derby, City Of Derby DE3 0DX2
£130K08/211.99 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2

Local Rents

10 rents from £750/mo to £975/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£97512/240.12 mi-2
£75003/240.32 mi-2
£79502/250.33 mi-2
£90004/240.39 mi-2
£80003/250.4 mi-2
£97503/240.4 miStenson Road, Derby, Derbyshire2
£80012/230.41 mi-2
£80003/240.41 miNicola Gardens, Littleover, Derby2
£85004/250.41 mi-2
£85003/240.58 miStenson Avenue, Derby2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

2.28 miles away

Nearest school

0.30 miles away

Nearest train station

1.48 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 9, 2024

Floor Plans

Description

  • Two Bedroom Standard Construction First Floor Apartment +
  • EPC Rating D +
  • Council Tax Band A +
  • Allocated Garage & Communal Car Park +
  • No Onward Chain +
  • Leasehold +
  • Communal Gardens +
  • Close To Local Shops & Amenities +

CALLING ALL INVESTORS This well presented first floor apartment is located in the sought-after area of Littleover and is brought to the market with no upward chain. Ideal for a first time buyer or investor, the property has the benefit of two good size bedrooms, uPVC double glazing, an allocated garage and is situated close to local shops and amenities.

In brief, the accommodation comprises: Entrance hall; spacious lounge/diner; fitted kitchen; two bedrooms; bathroom having a three-piece suite.

Within the communal area is a staircase to all floors and a bin chute. Outside are communal gardens and communal car park with an allocated garage.

Blair House is conveniently situated for local amenities including shops and schools, along with having good access to local/major roads, the M1 Motorway and East Midlands Airport. The Royal Derby Hospital, Rolls-Royce and Alstom are also within easy reach.

Agent Details

Hannells Estate Agents, Littleover

01332 215174

Next Steps?

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