4 Bed Terraced House, Single Let, Derby, DE22 3ES, £150,000

Howe Street, Derby, DE22 3ES - 6 months ago

BTL
~129 m²
+12 photos

ValuationUndervalued

Sold Prices£109K - £645K
Sold Prices/m²£1.2K/m² - £6.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.2K/m²

Value Estimate

£186,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£390 - £3,510

Rent Estimate

£304

Running Costs/mo

£550

Cashflow/mo

£-246

Cashflow/yr

£-2,947

Gross Yield

2%

Local Sold Prices

50 sold prices from £109K to £645K, average is £292.5K. £1.2K/m² to £6.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£187.5K10/210.15 mi17, Cobden Street, Derby, City Of Derby DE22 3GX4
£270K01/210.15 mi39, Cobden Street, Derby, City Of Derby DE22 3GX4
£240K03/210.15 mi83, Radbourne Street, Derby, City Of Derby DE22 3HD4
£174K03/230.16 mi25, Hawke Street, Derby, City Of Derby DE22 3DQ4
£120K06/210.2 mi70, Peel Street, Derby, City Of Derby DE22 3GH4
£275K08/230.26 mi40, Slater Avenue, Derby, City Of Derby DE1 1GT4
£283K03/210.34 mi12, Yoxall Drive, Derby, City Of Derby DE22 3SF4
£220K05/210.38 mi24, Trowels Lane, Derby, City Of Derby DE22 3LS4
£170K06/230.4 mi42, Markeaton Street, Derby, City Of Derby DE1 1DW4
£372.5K12/200.47 mi7, Thornhill Road, Derby, City Of Derby DE22 3LX4
£350K11/200.48 mi14, Greenwich Drive North, Derby, City Of Derby DE22 4AB4
£258K03/210.5 mi72, Enfield Road, Derby, City Of Derby DE22 4DF4
£285K08/210.51 mi7, Albany Road, Derby, City Of Derby DE22 3LW4
£122.5K07/210.55 mi8, Lynton Street, Derby, City Of Derby DE22 3RU4
£300K03/230.55 mi22, Somerset Close, Derby, City Of Derby DE22 3XP4
£193K08/210.6 mi64, Watson Street, Derby, City Of Derby DE1 3SJ4
£176K10/200.62 mi77, Wolfa Street, Derby, City Of Derby DE22 3SE4
£176K02/230.62 mi97, Wolfa Street, Derby, City Of Derby DE22 3SE4
£267.5K10/210.69 mi176, St Albans Road, Derby, Derbyshire DE22 3JQ4
£238K03/210.69 mi94, Enfield Road, Derby, City Of Derby DE22 4DH4
£355K05/230.69 mi60, Brackensdale Avenue, Derby, City Of Derby DE22 4AE4
£310K03/210.7 mi161, Kedleston Road, Derby, Derbyshire DE22 1FT4
£109K06/210.7 mi82, Walthamstow Drive, Derby, City Of Derby DE22 4BR4
£214.5K10/210.74 mi5, West Avenue, Derby, City Of Derby DE1 3HS4
£268K02/210.74 mi18, West Avenue, Derby, City Of Derby DE1 3HR4
£235K03/220.74 mi20, West Avenue, Derby, City Of Derby DE1 3HR4
£365K06/230.75 mi74, Kedleston Road, Derby, City Of Derby DE22 1GW4
£320K06/210.78 mi43, Statham Street, Derby, Derbyshire DE22 1HR4
£358K12/220.78 mi49, Statham Street, Derby, City Of Derby DE22 1HR4
£190K11/200.79 mi21, St Albans Road, Derby, City Of Derby DE22 3JJ4
£372K12/220.8 mi41, Bromley Street, Derby, City Of Derby DE22 1HL4
£310K08/210.81 mi17, Wheeldon Avenue, Derby, City Of Derby DE22 1HP4
£342.5K12/200.81 mi77, Park Grove, Derby, City Of Derby DE22 1HG4
£350K06/210.81 mi81, Park Grove, Derby, City Of Derby DE22 1HG4
£280K01/210.82 mi18, Duffield Road, Derby, City Of Derby DE1 3BB4
£281K11/200.83 mi11, Park Grove, Derby, City Of Derby DE22 1HE4
£388K03/230.83 mi35, Park Grove, Derby, City Of Derby DE22 1HE4
£480K04/230.84 mi10, Queen Mary Court, Derby, City Of Derby DE22 1BB4
£190K10/210.84 mi21, Longford Street, Derby, City Of Derby DE22 1GJ4
£490K01/230.89 mi24, Parkfields Drive, Derby, City Of Derby DE22 1HH4
£540K10/200.92 mi63, Belper Road, Derby, City Of Derby DE1 3EP4
£580K02/210.93 mi3, Ruskin Road, Derby, City Of Derby DE1 3EU4
£490K08/220.95 mi20, North Parade, Derby, City Of Derby DE1 3AY4
£332.5K01/230.95 mi60, Arthur Street, Derby, City Of Derby DE1 3EH4
£332K11/220.96 mi63, Arthur Street, Derby, City Of Derby DE1 3EJ4
£645K04/230.96 mi164, Duffield Road, Derby, City Of Derby DE22 1BH4
£310K02/230.99 mi41, Whitaker Road, Derby, City Of Derby DE23 6AR4
£565K07/230.99 mi133, Duffield Road, Derby, City Of Derby DE22 1AF4
£421K12/220.99 mi18, Otter Street, Derby, City Of Derby DE1 3FB4
£386K11/201 mi36, Eastwood Drive, Littleover, Derby, City Of Derby DE23 6BN4

Local Rents

50 rents from £390/mo to £3.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£80012/240 miHowe Street, DERBY3
£85012/240.02 miPeach Street, Derby3
£1,90004/240.02 mi-5
£2,00007/240.02 mi-5
£2,00012/240.02 mi-5
£2,00012/240.02 mi-5
£1,90012/240.02 miHowe Street, Derby, DE225
£1,80012/240.02 miHowe Street, Derby, DE225
£90001/250.03 mi-3
£85003/250.03 mi-4
£1,82012/240.03 miPeach Street, Derby, Derbyshire, DE224
£1,10002/240.03 mi-3
£49812/240.04 miPeach Street, Derby4
£45512/240.04 miPeach St4
£1,79812/240.04 miPeach St4
£39012/240.04 miStudent Property 24-253
£95012/240.04 mi-3
£85012/240.04 miArnold Street3
£3,51012/240.04 miArnold Street, Derby, Derbyshire, DE226
£45112/240.05 miBrough Street4
£1,90003/240.06 mi-4
£2,10012/240.06 miArnold Street, Derby4
£1,91512/240.06 miArnold Street, Derby, 4
£43312/240.06 miStables Street3
£52012/240.06 miStudent Lettings 2023 - 20243
£89503/240.07 mi-3
£89512/240.07 miSlack Lane, Derby, DE223
£54612/240.08 miStanley Street, Derby6
£1,98012/240.08 miStanley Street, Derby, Derbyshire, DE224
£1,43012/240.08 miCampion Street, Derby, 3
£1,43012/240.08 miCampion Street, Derby, 3
£1,79812/240.08 miStanley Street4
£90003/240.08 mi-3
£1,56012/240.08 miStables Street, Derby, DE223
£1,00012/240.08 miStables Street, Derby, DE223
£87512/240.08 miStanley Street, Derby, DE22 3GT3
£92512/240.09 mi-3
£2,08012/240.09 miSlack Lane, Derby, DE224
£2,16712/240.09 miSlack Lane, Derby, DE224
£1,47312/240.09 miStanley Street, Derby4
£2,79512/240.1 mi-3
£2,79512/240.1 mi-3
£2,68712/240.1 miSlack Lane, Derby, Derbyshire, DE224
£2,08012/240.1 miSlack Lane, Derby4
£49812/240.1 miCobden Street - Student Property - 24 -254
£1,75512/240.1 miLangley Street, Derby, Derbyshire, DE22 3GL3
£48512/240.11 miCampion Street4
£58512/240.12 miEtwall Street, Derby, DE22 3DW6
£1,49512/240.12 miCampion Street, Derby, 3
£1,65002/250.13 mi-6

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

1.19 miles away

Nearest school

0.30 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £150,000

October 2, 2024

Sold for £74,000

2012

Floor Plans

Description

  • Three/four bedroom mid terrace +
  • Tenants in situ +
  • Four tenants currently occupying property +
  • Side entrance door +
  • Close to Royal Derby Hospital +
  • Close to the University of Derby +
  • Viewing essential +

SUMMARY
Sold with tenants in situ - A fantastic opportunity for an investor to acquire this three/four bedroom mid terrace property in Derby.

DESCRIPTION
Ashley Adams are delighted to bring to market this three/four bedroom mid terrace property in Derby. The property is being sold with tenants in situ providing a great opportunity for investors. The accommodation in brief comprises; ground floor lounge (bedroom one), dining room, kitchen, ground floor bathroom and three first floor bedrooms. To the rear of the property is a good sized low maintenance garden with side access. The property is currently situated with four student tenants (Rental details in note section). The property is well located close to the Royal Derby Hospital, the University of Derby and Derby City Centre as well as fantastic road links. Viewing is essential to appreciate the property on offer.

Entrance Hall 
Access via door to side and has doors off to lounge/bedroom one and dining room.

Lounge/Bedroom One  14' 3" x 10' 9" ( 4.34m x 3.28m )
Accessed via personal door to front and has radiator and UPVC double glazed window to front.

Lounge/Dining Area 10' 9" x 10' 9" ( 3.28m x 3.28m )
Has leading to stairs to first floor, archway to kitchen, radiator and UPVC double glazed window to rear.

Kitchen  6' 1" x 8' 7" ( 1.85m x 2.62m )
Fitted with a range of wall and base units with work surfaces over, inset sink, UPVC double glazed window to side and door to bathroom.

Bathroom 
Has low level wc, wash hand basin, bath with shower over, heated towel rail and UPVC double glazed obscure window to rear.

First Floor Landing  
Has loft access and doors off to all first floor rooms.

Bedroom Two  14' 3" x 10' 9" ( 4.34m x 3.28m )
Has radiator and UPVC double glazed window to front.

Bedroom Three 10' 5" x 10' 9" ( 3.17m x 3.28m )
Has fitted wardrobes, over stairs storage, radiator and UPVC double glazed window to rear.

Bedroom Four 6' 1" x 8' 3" ( 1.85m x 2.51m )
Has radiator and UPVC double glazed window to rear.

Outside 
To the rear of the property is a good sized low maintenance garden with side gate access leading to street.

Note 
There are four tenants occupying the property three of which have completed university and are playing council tax with weekly rent set £95, £95, £90 and £75 ppw. Please contact the office for any additional information.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Ashley Adams, Derby

01332 215448

Next Steps?

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