3 Bed Terraced House, Single Let, Derby, DE24 1AE, £185,000

Panama Circle, City Point, DE24 1AE - 3 views - 6 months ago

Sold STC
BTL
ROI: 1%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£79.5K - £290K
Sold Prices/m²£893/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£154,983

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,900

Total Cash In

£53,150

 

 

Cash Out

 

Rent Range

£850 - £3,000

Rent Estimate

£850

Running Costs/mo

£768

Cashflow/mo

£82

Cashflow/yr

£983

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £79.5K to £290K, average is £158K. £893/m² to £3.3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£172K04/230.03 mi29, Panama Circle, Derby, City Of Derby DE24 1AE3
£187.5K07/210.05 mi87, Pacific Way, Derby, City Of Derby DE24 1AA3
£177K03/210.05 mi43, Pacific Way, Derby, City Of Derby DE24 1AA3
£222K03/230.05 mi61, Pacific Way, Derby, City Of Derby DE24 1AA3
£225K04/230.16 mi10, Ionian Drive, Derby, City Of Derby DE24 1AF3
£165K12/220.23 mi10, Eton Street, Derby, City Of Derby DE24 8WU3
£156K08/210.25 mi715, London Road, Alvaston, Derby, City Of Derby DE24 8US3
£80K09/210.33 mi921, London Road, Alvaston, Derby, Derbyshire DE24 8PW3
£79.5K10/200.35 mi32, Selborne Street, Derby, City Of Derby DE24 8WF3
£97.8K05/210.35 mi19, Selborne Street, Derby, City Of Derby DE24 8WF3
£125K04/230.35 mi34, Selborne Street, Derby, City Of Derby DE24 8WF3
£121K05/230.43 mi47, Commerce Street, Derby, City Of Derby DE24 8TR3
£117K04/230.45 mi72, Haig Street, Derby, City Of Derby DE24 8RH3
£165K11/210.48 mi128, Allestree Close, Derby, City Of Derby DE24 8SX3
£174K11/200.52 mi1046, London Road, Alvaston, Derby, City Of Derby DE24 8QA3
£190K03/230.56 mi21, Keynsham Close, Alvaston, Derby, City Of Derby DE24 8UN3
£120K03/210.61 mi470, Baker Street, Alvaston, Derby, City Of Derby DE24 8SL3
£160K01/230.61 mi463, Baker Street, Alvaston, Derby, City Of Derby DE24 8SN3
£128K12/200.61 mi423, Baker Street, Alvaston, Derby, City Of Derby DE24 8SN3
£153.5K11/200.65 mi41, Avonmouth Drive, Alvaston, Derby, City Of Derby DE24 8UL3
£165K01/230.65 mi67, Warren Street, Derby, City Of Derby DE24 8RU3
£82.5K12/200.65 mi13, Warren Street, Derby, City Of Derby DE24 8RU3
£290K01/230.67 mi44, Mandarin Way, Alvaston, Derby, City Of Derby DE24 8YE3
£122K11/200.7 mi387, Baker Street, Alvaston, Derby, City Of Derby DE24 8SJ3
£125K10/210.71 mi61, Hollis Street, Derby, City Of Derby DE24 8QW3
£210K11/210.71 mi2, Tayberry Close, Alvaston, Derby, City Of Derby DE24 8YS3
£213K07/210.74 mi54, Kiwi Drive, Alvaston, Derby, City Of Derby DE24 8NN3
£130K12/200.75 mi333, Brighton Road, Alvaston, Derby, City Of Derby DE24 8TG3
£170K07/230.75 mi319, Brighton Road, Alvaston, Derby, City Of Derby DE24 8TG3
£205K07/230.76 mi23, Lincoln Avenue, Derby, City Of Derby DE24 8QY3
£180K06/230.76 mi43, Lincoln Avenue, Derby, City Of Derby DE24 8QY3
£167K03/210.76 mi27, Lincoln Avenue, Derby, City Of Derby DE24 8QY3
£165K01/230.78 mi430, Osmaston Road, Derby, City Of Derby DE24 8AH3
£120K02/230.81 mi276, Baker Street, Alvaston, Derby, City Of Derby DE24 8SF3
£185K02/230.82 mi256, Baker Street, Alvaston, Derby, City Of Derby DE24 8SF3
£120K05/210.82 mi223, Baker Street, Alvaston, Derby, City Of Derby DE24 8SG3
£129.9K05/210.82 mi255, Baker Street, Alvaston, Derby, City Of Derby DE24 8SG3
£163K07/210.84 mi12, Horton Street, Derby, City Of Derby DE23 8LN3
£120K04/230.85 mi70, Abingdon Street, Derby, City Of Derby DE24 8FZ3
£93K09/210.85 mi38, Abingdon Street, Derby, City Of Derby DE24 8FZ3
£115K07/210.86 mi45, Handel Street, Derby, City Of Derby DE24 8AZ3
£172K02/210.86 mi7, Carol Crescent, Chaddesden, Derby, City Of Derby DE21 6PQ3
£106K04/210.87 mi30, Davenport Road, Derby, City Of Derby DE24 8AX3
£184.5K07/230.88 mi121, Meadow Lane, Chaddesden, Derby, City Of Derby DE21 6PA3
£126K11/200.88 mi51, Brigden Avenue, Allenton, Derby, City Of Derby DE24 8LJ3
£168K04/230.89 mi1, Collis Close, Allenton, Derby, City Of Derby DE24 8LN3
£147.5K06/230.9 mi8, Radford Street, Alvaston, Derby, City Of Derby DE24 8NS3
£180K03/210.9 mi104, Eden Street, Alvaston, Derby, City Of Derby DE24 8RB3
£150K03/210.91 mi73, Ashworth Avenue, Chaddesden, Derby, City Of Derby DE21 6RQ3
£133K07/210.91 mi26, Ashworth Avenue, Chaddesden, Derby, City Of Derby DE21 6RQ3

Local Rents

12 rents from £850/mo to £3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,15003/250.09 mi-3
£95012/240.12 miMagellan Way, Derby3
£87512/240.35 mi-3
£87501/250.36 mi-3
£85012/240.38 miChambers Street, Derby3
£92512/240.42 miHaig Street, Derby, Derbyshire, DE24 8RH3
£1,15002/250.43 mi-3
£1,05003/250.43 mi-3
£3,00001/250.43 mi-3
£1,00001/240.53 mi-3
£1,00001/240.53 mi-3
£1,10012/240.6 miWynton Avenue, Alvaston, DERBY3

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.33 miles away

Nearest school

0.20 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £185,000

January 23, 2025

Listed for £190,000

October 7, 2024

Floor Plans

Description

  • No Upward Chain +
  • Three-Bedroom, End-Terrace Home +
  • Standard Construction +
  • EPC Rating TBC +
  • Freehold +
  • Council Tax Band B +
  • 2 x Allocated Parking Spaces +

A very well-presented and spacious end-townhouse, located on the popular City Point Development and available with no upward chain. Benefiting from two allocated parking spaces, three bedrooms, an updated modern shower room and excellent access to Derby City Centre and the facilities of Pride Park, this property is ideal as both an investment or a first home!

With gas central heating and double glazing throughout, the accommodation comprises; entrance hall, downstairs W.C, living room and an open plan kitchen/diner with French doors to the garden. To the first floor are three spacious bedrooms and a recently updated modern shower room.

Outside the property has a low maintenance garden with patio, gravelled areas, a garden shed and rear gated access way for the bins and to the parking. Just to the left of the property is access into a carpark with two allocated parking spaces.

City Point is popular for both families and young professionals, with excellent amenities close by. Alvaston park is only a 5-minute walk away and the A52, A38, M1 and A50 are all easily accessible. An internal viewing is highly recommended! Please note that a small estate fee is payable - please ask for more information.

Agent Details

Hannells Estate Agents, Alvaston

01332 215518

Next Steps?

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