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





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