2 Bed Flat, Single Let, Derby, DE1 3TE, £150,000

Brook Street, Derby, DE1 3TE - 7 months ago

Leasehold
BTL
ROI: 4%
~72 m²
+10 photos

ValuationOvervalued

Sold Prices£30K - £162.5K
Sold Prices/m²£545/m² - £2.4K/m²

 

 

Square Metres

~72.09 m²
Price/m²£2.1K/m²

Value Estimate

£125,518

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£650 - £2,400

Rent Estimate

£784

Running Costs/mo

£646

Cashflow/mo

£138

Cashflow/yr

£1,661

ROI

4%

Gross Yield

6%

Local Sold Prices

42 sold prices from £30K to £162.5K, average is £115K. £545/m² to £2.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£143K12/220.04 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£127.5K07/210.05 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£85K10/210.12 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£42K11/220.24 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.24 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.24 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£140K03/230.29 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£48K09/210.37 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.38 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£61.5K03/210.38 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£42.5K09/220.39 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.39 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.39 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£114K01/230.4 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£127.5K11/200.46 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.46 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£90K07/220.6 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£135K09/220.64 mi34, Kniveton Close, Derby, City Of Derby DE22 3BB2
£162.5K04/210.64 miApartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY2
£136K06/210.64 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£78.5K08/210.65 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.65 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£92.5K08/210.72 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£124K03/210.77 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£135K08/220.78 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£124.5K06/230.8 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.8 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.8 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/220.8 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.8 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/210.8 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.8 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.8 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/220.8 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K10/220.83 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.83 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£30K02/210.84 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.84 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£130K08/210.96 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£130K06/210.99 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£158K03/230.99 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£149K02/230.99 mi104, Highfields Park Drive, Derby, City Of Derby DE22 1JU2

Local Rents

51 rents from £650/mo to £2.4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,10012/240.02 mi-2
£85003/250.02 mi-2
£83003/240.02 miBrook Street, Derby, DE12
£85003/240.02 miBrook House, Brook Street, Derby2
£89503/240.02 miBrook Street, Derby, Derbyshire, DE12
£85005/240.02 miBrook Street, DE12
£85005/240.02 miBrook Street, DE12
£82505/240.02 miBrook Street, DERBY2
£2,15003/240.02 mi-2
£2,15003/240.02 mi-2
£2,40007/240.02 mi-2
£2,40008/240.02 mi-2
£2,15008/240.02 mi-2
£2,40001/250.02 mi-2
£2,40001/250.02 mi-2
£99504/240.03 miAbels Mill, Brookbridge Court, Derby2
£2,00003/250.03 mi-2
£1,01403/240.03 miBrook House, 19 Brook Street, Derby, Derbyshire, DE1 3PF2
£87505/240.03 miBrook House, 19 Brook Street, Derby, Derbyshire, DE1 3PF2
£99503/240.04 miAbels Mill, Brookbridge Court2
£85005/240.04 miBridge Street, Derby, DE1 3LF2
£2,00002/240.05 mi-2
£99512/240.05 mi-2
£1,10001/250.05 mi-2
£1,00002/250.05 mi-2
£1,10004/250.05 mi-2
£89505/240.05 miBrook House, Brook Street, Derby2
£97503/240.06 miWestpoint, Brook Street, DE1 3TE2
£95003/240.06 miBrook Street, Derby, DE12
£89503/240.06 miBrook Street, Derby, Derbyshire, DE12
£77505/240.06 miApartment 12 Westpoint, Brook Street, Derby2
£1,20003/250.06 mi-2
£1,00005/240.1 mi-2
£95002/250.1 mi-2
£90003/240.1 miLuxe Apartments 2
£90003/240.1 miLuxe Apartments 2
£1,00004/240.1 miLuxe Apartments, Derby - Available Now 2
£97504/240.1 miLuxe, St Helens Street2
£85004/240.11 miCentro West, Searl Street, Derby, DE1 1BW2
£80003/240.15 miCavendish Court, Derby, DE1 1UB2
£65012/240.17 mi-2
£99504/240.17 miMill Street, Derby, DE12
£99504/240.17 miMill Street, Derby, DE12
£89504/240.17 miMill Street, Derby, DE12
£2,00004/250.17 mi-2
£2,00004/250.17 mi-2
£2,00004/250.18 mi-2
£2,00004/250.18 mi-2
£66304/240.18 miKing Street, Derby, Derbyshire, DE12
£85004/240.18 miWestgate, Mill Street, Derby2
£89504/250.19 mi-2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £150,000

February 28, 2025

Listed for £155,000

September 25, 2024

Floor Plans

Description

  • Two Bedrooms +
  • En-suite To Master +
  • Allocated Parking +
  • 990 Year Lease +
  • Open Plan Kitchen/Diner/Lounge +
  • Balcony +

Welcome to this substantial two-bedroom apartment situated in the heart of Derby City Centre. Perfectly blending modern living with convenience, this property features an open-plan living kitchen diner, ideal for both relaxation and entertaining. The contemporary kitchen comes fully equipped with integrated appliances and ample storage, seamlessly flowing into a spacious lounge area with direct access to a private balcony, providing a lovely outdoor space for your morning coffee or evening relaxation.

The apartment boasts two generously sized bedrooms. The master bedroom benefits from an en-suite shower room, offering a private retreat with stylish fixtures and fittings. The second bedroom is equally spacious, perfect for guests or as a home office. A modern family bathroom completes the accommodation, featuring high-quality finishes and a sleek design.

Located just a short stroll from Derby’s vibrant shops, cafes, and restaurants, and with excellent transport links nearby, this apartment offers the perfect city living experience. An ideal home for professionals, couples, or investors looking for a prime location property. Don’t miss out on this exceptional opportunity!

Agent Details

haart, Derby

01332 215411

Next Steps?

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