Potential 4-Bed HMO, Derby, DE24 8TD, £180,000

Brighton Road, Alvaston, Derby, Derbyshire, DE24 8TD - 14 views - 6 months ago

Sold STC
HMO
ROI: 15%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£80K - £290K
Sold Prices/m²£893/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£155,962

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Room Rate

£520

Gross Rent

£2,080

Running Costs/mo

£1,436

Cashflow/mo

£644

Cashflow/yr

£7,724

ROI

15%

Gross Yield

14%

Local Sold Prices

50 sold prices from £80K to £290K, average is £153.3K. £893/m² to £3.3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£122K11/200.08 mi387, Baker Street, Alvaston, Derby, City Of Derby DE24 8SJ3
£82.5K12/200.13 mi13, Warren Street, Derby, City Of Derby DE24 8RU3
£120K03/210.13 mi470, Baker Street, Alvaston, Derby, City Of Derby DE24 8SL3
£165K01/230.13 mi67, Warren Street, Derby, City Of Derby DE24 8RU3
£160K01/230.16 mi463, Baker Street, Alvaston, Derby, City Of Derby DE24 8SN3
£128K12/200.16 mi423, Baker Street, Alvaston, Derby, City Of Derby DE24 8SN3
£213K07/210.16 mi54, Kiwi Drive, Alvaston, Derby, City Of Derby DE24 8NN3
£174K11/200.17 mi1046, London Road, Alvaston, Derby, City Of Derby DE24 8QA3
£117K04/230.18 mi72, Haig Street, Derby, City Of Derby DE24 8RH3
£290K01/230.19 mi44, Mandarin Way, Alvaston, Derby, City Of Derby DE24 8YE3
£130K12/200.2 mi333, Brighton Road, Alvaston, Derby, City Of Derby DE24 8TG3
£170K07/230.2 mi319, Brighton Road, Alvaston, Derby, City Of Derby DE24 8TG3
£120K02/230.2 mi276, Baker Street, Alvaston, Derby, City Of Derby DE24 8SF3
£121K05/230.2 mi47, Commerce Street, Derby, City Of Derby DE24 8TR3
£120K05/210.21 mi223, Baker Street, Alvaston, Derby, City Of Derby DE24 8SG3
£129.9K05/210.21 mi255, Baker Street, Alvaston, Derby, City Of Derby DE24 8SG3
£185K02/230.22 mi256, Baker Street, Alvaston, Derby, City Of Derby DE24 8SF3
£153.5K11/200.22 mi41, Avonmouth Drive, Alvaston, Derby, City Of Derby DE24 8UL3
£210K11/210.25 mi2, Tayberry Close, Alvaston, Derby, City Of Derby DE24 8YS3
£190K03/230.27 mi21, Keynsham Close, Alvaston, Derby, City Of Derby DE24 8UN3
£147.5K06/230.27 mi8, Radford Street, Alvaston, Derby, City Of Derby DE24 8NS3
£125K10/210.28 mi61, Hollis Street, Derby, City Of Derby DE24 8QW3
£165K11/210.29 mi128, Allestree Close, Derby, City Of Derby DE24 8SX3
£80K09/210.3 mi921, London Road, Alvaston, Derby, Derbyshire DE24 8PW3
£205K07/230.31 mi23, Lincoln Avenue, Derby, City Of Derby DE24 8QY3
£180K06/230.31 mi43, Lincoln Avenue, Derby, City Of Derby DE24 8QY3
£167K03/210.31 mi27, Lincoln Avenue, Derby, City Of Derby DE24 8QY3
£165K04/230.38 mi143, Baker Street, Alvaston, Derby, City Of Derby DE24 8SE3
£170K06/230.39 mi679, Harvey Road, Derby, City Of Derby DE24 0EH3
£130K07/210.39 mi711, Harvey Road, Derby, City Of Derby DE24 0EH3
£187K05/230.41 mi1, Neilson Street, Alvaston, Derby, City Of Derby DE24 0ET3
£168K04/230.42 mi1, Collis Close, Allenton, Derby, City Of Derby DE24 8LN3
£125K05/210.43 mi724, Harvey Road, Derby, City Of Derby DE24 0EG3
£137K08/210.43 mi26, Coleman Street, Derby, City Of Derby DE24 8NH3
£126K11/200.45 mi51, Brigden Avenue, Allenton, Derby, City Of Derby DE24 8LJ3
£180K03/210.45 mi104, Eden Street, Alvaston, Derby, City Of Derby DE24 8RB3
£95K06/230.47 mi10, Waldorf Close, Alvaston, Derby, City Of Derby DE24 8UF3
£160K07/230.48 mi46, Bemrose Road, Allenton, Derby, City Of Derby DE24 8LQ3
£127K02/210.48 mi33, Raynesway, Derby, City Of Derby DE24 0DW3
£205K07/230.5 mi24, Holloway Road, Alvaston, Derby, City Of Derby DE24 0FN3
£150K08/210.51 mi36, Raynesway, Derby, City Of Derby DE24 0DU3
£130K02/210.51 mi41, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LU3
£127K05/210.51 mi46, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LU3
£182.5K02/230.53 mi27, Matthew Street, Alvaston, Derby, City Of Derby DE24 0ES3
£130K06/210.53 mi30, Matthew Street, Alvaston, Derby, City Of Derby DE24 0ER3
£225K04/230.53 mi10, Ionian Drive, Derby, City Of Derby DE24 1AF3
£153K05/210.54 mi40, Excelsior Avenue, Alvaston, Derby, City Of Derby DE24 0AE3
£164K08/210.54 mi46, Rosedale Avenue, Alvaston, Derby, Derbyshire DE24 0FJ3
£181K05/230.54 mi56, Rosedale Avenue, Alvaston, Derby, City Of Derby DE24 0FJ3
£135K03/210.54 mi62, Rosedale Avenue, Alvaston, Derby, Derbyshire DE24 0FJ3

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.82 miles away

Nearest train station

1.40 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £180,000

October 8, 2024

Floor Plans

Description

This charming mid-terrace property is located in the highly sought-after Brighton Road area and presents an excellent opportunity for an HMO investment. Boasting three bedrooms, the property is adorned with period features, including high ceilings and two inviting reception rooms. The rear garden is beautifully presented, featuring a meticulously landscaped design, while the property also includes a convenient garage.

Upon entering the property, you are greeted by a spacious hallway leading to a welcoming living room, a separate dining room, and a rear kitchen. The first floor houses an exceptionally spacious master bedroom along with two additional bedrooms, all of which offer ample space and natural light. Additionally, there is a well-appointed white three-piece family bathroom.

Externally, the property features a driveway at the front, providing convenient access to the integral garage, while the rear garden has been thoughtfully designed to include a patio area, a well-maintained lawn, fenced boundaries for privacy, and a practical garden shed.

Situated within walking distance of Alvaston centre, residents benefit from easy access to a variety of shops, schools, and transportation links. Furthermore, the property offers excellent connectivity to Derby City Centre, the A50, M1 motorway, and East Midlands Airport, making it an ideal location for commuters. Early viewing is highly recommended to fully appreciate the charm and potential of this exceptional property.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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