2 Bed Flat, Single Let, Derby, DE22 3FX, £119,500

221B4 Bishops Green St. Swithins Close, Derby, DE22 3FX - 6 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£38K - £179K
Sold Prices/m²£679/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£116,814

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,875

Stamp Duty & Legal Fees

£7,175

Total Cash In

£37,050

 

 

Cash Out

 

Rent Range

£535 - £2,450

Rent Estimate

£750

Running Costs/mo

£543

Cashflow/mo

£207

Cashflow/yr

£2,479

ROI

7%

Gross Yield

8%

Local Sold Prices

31 sold prices from £38K to £179K, average is £110K. £679/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£95K10/210.05 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.05 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£95K03/210.06 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£80K02/230.1 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£122.5K08/210.12 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£100K11/210.13 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£170.5K09/220.24 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K04/210.24 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.24 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.24 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.24 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.24 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.24 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£109K10/220.5 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.5 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£136K06/210.65 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£179K05/210.66 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2
£125K12/200.67 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£92.5K08/210.7 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£124K03/210.73 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£121K10/210.78 mi39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF2
£90K01/230.83 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£38K04/230.85 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/220.85 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.85 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£83K07/220.86 mi52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ2
£85K06/210.88 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£48K09/210.88 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£78.5K08/210.91 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.91 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£130K08/210.95 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2

Local Rents

51 rents from £535/mo to £2.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85003/240.05 mi-2
£85012/240.06 miNamur Close2
£75012/240.16 miSt. Albans Road, Derby2
£85001/250.24 mi-2
£89503/240.24 miPriory Heights Court, Derby, Derbyshire, DE23 6AX2
£80012/240.33 mi-2
£88604/240.33 miLittleover House, Derby - Fully Furnished 2
£80003/240.34 miWade Avenue, Littleover2
£89512/240.34 miGreat Willow Court, Derby, Derbyshire, DE222
£95012/240.35 mi-2
£95012/240.35 mi-2
£1,15011/240.36 mi-2
£82503/240.36 miWade Street, Littleover, Derby2
£77512/240.37 miStockbrook Road, Derby2
£1,10012/240.38 mi-2
£79512/240.39 mi-2
£95012/240.4 miElmhurst Court, Lonsdale Place, Derby2
£89503/240.4 miThe Brambles, Heath Avenue, Littleover, Derby2
£80012/240.41 miThe Brambles, Derby, DE23 6DJ2
£77503/240.41 mi100 Whitaker Road, Derby, DE232
£95012/240.42 miLonsdale Place, DERBY2
£2,45001/250.42 mi-2
£1,08312/240.42 miDean Street, Derby, 2
£1,05012/240.43 miSpey Drive, Derby DE22 3XW2
£75001/240.44 mi-2
£80001/250.44 mi-2
£99512/240.44 miPrince George Drive, Derby2
£89512/240.46 mi-2
£79511/240.46 mi-2
£85011/240.46 mi-2
£85002/250.46 mi-2
£77503/240.46 mi-2
£77512/240.46 mi-2
£90012/240.47 mi-2
£82512/240.47 miRowditch Place, Derby, Derbyshire, DE222
£76001/250.47 mi-2
£75002/250.48 mi-2
£80012/240.48 mi-2
£77512/240.48 mi-2
£53512/240.5 miCamden Street, Derby, 2
£89504/240.5 miBurton Road, Derby,2
£89504/240.5 miBurton Road, Derby,2
£95001/240.51 mi-2
£89512/240.53 miUttoxeter New Road, DERBY2
£89512/240.53 miUttoxeter New Road, DERBY2
£89512/240.53 miUttoxeter New Road, DERBY2
£89512/240.53 miManor Park Court, Derby2
£75002/240.54 mi-2
£89512/240.54 miUttoxeter New Road, DERBY2
£69502/240.55 mi-2
£85012/240.55 miLancaster House, Manor Kingsway2

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

1.22 miles away

Nearest school

0.30 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £119,500

January 31, 2025

Listed for £122,000

October 7, 2024

Description

  • Second Floor apartment +
  • Two bedrooms +
  • Bathroom +
  • En suite +
  • Open plan lounge, diner and fitted kitchen +
  • Allocated parking +
  • No upward chain +

SCARGILL MANN & CO OFFER THIS WELL PRESENTED SECOND FLOOR APARTMENT WITH ALLOCATED PARKING, EN SUITE AND BATHROOM

General Information -

The Property - We are pleased to offer this second-floor apartment with no upward chain to the market. It has central heating, double glazing, an allocated parking space and secure entry to the building. The apartment offers an entrance hallway, open-plan lounge, diner, and fitted kitchen, a generous-sized principal bedroom with en-suite, a second bedroom, and a bathroom.

Location - Bishop's Green is a quiet location that provides fast access to Derby city centre, the A38, A50 and the M1 motorway network; the apartment is a short walk from Royal Derby Hospital.

Accommodation -

Hall - 2.43m x 3.51m (7'11" x 11'6" ) - Having a useful storage cupboard a further cupboard housing the domestic hot water and central heating boiler Doors lead off to

Open Plan Lounge/Diner & Kitchen - 4.06m x 7.14m (13'3" x 23'5" ) - Juliette Balcony to the front aspect, radiator and ceiling light with wood effect flooring. The kitchen area is fitted with a range of base cupboards and drawers with matching eyeliner cabinets. Worktops are inset with sink and hob. Integrated appliances include a fridge, freezer and oven with space for washing machine.

Bedroom One - 4.57m x 3.61m (14'11" x 11'10" ) - With a window to the rear, radiator and ceiling light point

En Suite - 1.82m x 2.04m (5'11" x 6'8" ) - Equipped with a fully tiled shower enclosure hand wash basin and w.c. There are tiled surrounds, radiator and a window to the rear aspects

Bedroom Two - 2.87m x 3.02m (9'4" x 9'10" ) - Having a window to the front aspect, radiator and ceiling light point.

Bathroom - 2.26m x 1.68m (7'4" x 5'6" ) - With a panelled bath, hand wash basin and W.C.

Outside - Outside is a allocated parking

Leasehold - Our client advises us that the property is leasehold for an original term of 125 years from January 2005. There is no ground rent as owners are shareholders of the management company and have the option to become Directors.

Payable amount for the service charge is £90.56 and an amount for the 'reserve fund'is £13.89

Council Tax Band - Derby City - C

Construction - Standard Brick Construction
Standard Brick Construction with Dorma Cladded
Non Standard Constuction

Current Utility Suppliers - Gas
Electric
Oil
Water - Mains
Sewage - Mains
Broadband supplier

Flood Defence - We advise all potential buyers to ensure they have read the environmental website with regards to flood defence in the area.

Broad Band Speeds -

Schools -

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Condition Of Sale - These particulars are thought to be materially correct though their accuracy is not guaranteed and they do not form part of a contract. All measurements are estimates. All electrical and gas appliances included in these particulars have not been tested. We would strongly recommend that any intending purchaser should arrange for them to be tested by an independent expert prior to purchasing. No warranty or guarantee is given nor implied against any fixtures and fittings included in these sales particulars.

Viewing - Strictly by appointment through Scargill Mann & Co (ACB/JLW 00/2024) DRAFT

Agent Details

Scargill Mann & Co, Covering Derbyshire & Staffordshire

01283 243673

Next Steps?

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