3 Bed Detached House, Planning Permission, Derby, DE22 4AF, £300,000

Brackensdale Avenue, Mackworth, DE22 4AF - 1 views - 5 months ago

Sold STC
Planning
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£97K - £275K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£193,750

 

 

End Value (After Refurb)

£212,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£37,600

Bridging Loan Interest

£7,875

Total Cash In

£136,925

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,000

Mortgage (After Refinance)

£159,000

Mortgage LTV

75%

Cash Left In

£136,925

Equity

£53,000

Rent Range

£477 - £2,800

Rent Estimate

£1,039

Running Costs/mo

£890

Cashflow/mo

£149

Cashflow/yr

£1,784

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £97K to £275K, average is £177.5K. £1.1K/m² to £3.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£260K11/200.04 mi47, Brackensdale Avenue, Derby, City Of Derby DE22 4AF3
£212K04/210.04 mi83, Brackensdale Avenue, Derby, City Of Derby DE22 4AF3
£175K09/210.06 mi9, Laburnum Grove, Kingsway, Derby, City Of Derby DE22 4AX3
£187.5K12/200.08 mi38, Greenland Avenue, Derby, Derbyshire DE22 4AP3
£140K03/210.09 mi8, Southwark Close, Derby, City Of Derby DE22 4AL3
£180K06/230.11 mi29, Walthamstow Drive, Derby, City Of Derby DE22 4BS3
£180K07/210.11 mi27, Walthamstow Drive, Derby, City Of Derby DE22 4BS3
£192K10/210.13 mi53, Humbleton Drive, Derby, City Of Derby DE22 4AU3
£97K08/210.14 mi80, Walthamstow Drive, Derby, City Of Derby DE22 4BR3
£97K08/210.14 mi80, Walthamstow Drive, Derby, City Of Derby DE22 4BR3
£130K12/200.15 mi4, Fulham Road, Derby, City Of Derby DE22 4GB3
£152K12/200.18 mi145, Greenwich Drive South, Mackworth, Derby, City Of Derby DE22 4AH3
£212K01/230.18 mi7, Norwood Close, Derby, City Of Derby DE22 4GA3
£160K11/200.19 mi156, Greenwich Drive South, Derby, City Of Derby DE22 4FX3
£183K11/200.2 mi1, Osterley Green, Derby, City Of Derby DE22 4FZ3
£175K10/210.22 mi18, Finsbury Avenue, Derby, City Of Derby DE22 4BT3
£210K05/230.25 mi166, Kingsway, Derby, City Of Derby DE22 3FH3
£171.5K05/230.26 mi26, Brentford Drive, Derby, City Of Derby DE22 4BP3
£181K01/230.28 mi13, Raleigh Street, Derby, City Of Derby DE22 3FF3
£127.5K11/200.29 mi109, Cheviot Street, Derby, City Of Derby DE22 3EZ3
£158.5K02/210.3 mi9, Brentford Drive, Derby, City Of Derby DE22 4BN3
£100K02/210.3 mi57, Kensal Rise, Derby, City Of Derby DE22 4DB3
£135K01/210.31 mi209, Greenwich Drive South, Mackworth, Derby, City Of Derby DE22 4FW3
£120K01/230.31 mi33, Lyttelton Street, Derby, City Of Derby DE22 3FE3
£220K02/230.32 mi78, Brentford Drive, Derby, City Of Derby DE22 4BQ3
£183K11/200.32 mi65, Merton Drive, Derby, City Of Derby DE22 4JL3
£210K04/230.34 mi11, Hendon Way, Derby, City Of Derby DE22 4BZ3
£185K12/200.36 mi5, Havering Close, Derby, City Of Derby DE22 4NP3
£175K02/230.36 mi44, Cheviot Street, Derby, City Of Derby DE22 3EY3
£175K08/210.37 mi38, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£180K10/210.37 mi79, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£190K07/230.37 mi49, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£125K11/200.37 mi14, Wallace Street, Derby, City Of Derby DE22 3FB3
£169.9K03/210.38 mi6, Kingsbury Road, Derby, City Of Derby DE22 4JP3
£190.5K01/230.38 mi23, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£190K12/220.38 mi22, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£128K05/210.39 mi9, Kensal Rise, Derby, City Of Derby DE22 4DA3
£140K01/210.39 mi6, Kensal Rise, Derby, City Of Derby DE22 4DA3
£230K02/230.4 mi53, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£197.8K11/210.42 mi15, Enfield Road, Derby, City Of Derby DE22 4DG3
£275K06/230.42 mi84, Enfield Road, Derby, City Of Derby DE22 4DG3
£203K12/220.43 mi172a, Prince Charles Avenue, Derby, City Of Derby DE22 4LQ3
£145K03/210.43 mi73, Isleworth Drive, Derby, City Of Derby DE22 4JT3
£167K03/210.43 mi13, Finchley Avenue, Derby, City Of Derby DE22 4ES3
£195K09/210.44 mi17, Green Park, Derby, City Of Derby DE22 4EX3
£165K12/220.44 mi8, Lyttelton Street, Derby, City Of Derby DE22 3FD3
£145K03/210.44 mi16, Isleworth Drive, Derby, City Of Derby DE22 4JR3
£187K01/230.44 mi8, Isleworth Drive, Derby, City Of Derby DE22 4JR3
£218K09/210.46 mi40, Reigate Drive, Derby, City Of Derby DE22 4EN3
£175K05/230.46 mi4, Mackenzie Street, Derby, City Of Derby DE22 3DD3

Local Rents

15 rents from £477/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.07 mi-3
£97512/240.17 miCamberwell Avenue, Derby3
£1,05003/250.28 mi-3
£78002/250.34 mi-3
£2,80002/250.37 mi-3
£1,40004/240.42 mi-3
£1,40012/240.42 miNewham Close, Derby, DE223
£77012/240.44 mi-3
£90012/240.49 miMackenzie Street, DERBY3
£1,20012/240.51 mi-3
£1,50012/240.54 miKingsway Boulevard3
£1,20002/250.55 mi-3
£1,03512/240.61 mi-3
£99512/240.61 miSt. Katherines Court, Derby, Derbyshire DE22 3AY3
£47712/240.62 miMorley Street, Derby3

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

1.87 miles away

Nearest school

0.10 miles away

Nearest train station

2.29 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £300,000

January 8, 2025

Listed for £325,000

October 25, 2024

Sold for £100,000

2013

Floor Plans

Description

  • Very generous corner plot +
  • Large detached double garage +
  • Double width driveway +
  • Two reception rooms +
  • Ground floor shower room, first floor family bathroom +
  • Extended kitchen +
  • Planning permission granted for large extension +
  • EPC rating D. Council tax band C. +
  • No chain +
  • 360 Virtual Tour Available +

Great location with excellent transport links via A38/A52 and A50, wide range of local amenities including shops, schools and local parks. Accessible for Derby University and Derby City Centre.

Entrance to the property is via a spacious entrance hall with stairs rising to the first floor, a glazed rear entrance door and doors leading off to the ground floor accommodation including a ground floor shower room fitted with a corner shower enclosure, pedestal wash basin, low flush WC and chrome heated towel rail.

The main sitting room features a bay window overlooking the front elevation whilst the dining room sits to the rear with French doors opening onto the rear patio.

The kitchen sits in an extension to the side of the property with double aspect windows, fitted with an extensive range of base and eye level units with roll edge worksurfaces, inset one and a half bowl sink unit with mixer tap, tiled splashbacks and space for appliances.

On the first floor, stairs lead to a spacious landing with a feature stained glass window to the side and doors leading off to two excellent double bedrooms and a third single bedroom.

The family bathroom is fitted with a panelled bath with an electric shower over and tiled splashback, low flush WC, pedestal wash basin, chrome heated towel rail, window to the rear and built-in cupboard housing a combination boiler.

Outside, the property is in an elevated position on a generous corner plot with wrap around retaining wall and a beech hedge. There is plenty of the space along the side of the property for further extension (see planning permission) and gated access to the rear. A paved patio wraps around the rear of the house with a brick outhouse to one side. Steps lead down to a generous lawned garden with herbaceous borders and specimen trees including abundant apple trees whilst a second gate opens out onto the driveway. Double side by side parking spaces sit in front of a very generous double garage with twin vehicular doors and a courtesy door opening into the garden.

Planning permission granted for a two storey and single storey extension details available on the Derby City Council planning portal ref: 23/00164/FUL

To view this property, please contact John German Derby office.

Agents note: There are covenants appertaining to this property, a copy of the Land Registry Title is available to view upon request.
Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: Standard
Parking: Drive & double garage
Electricity supply: Mains. Water supply: Mains. Sewerage: Mains. Heating: Gas.
(Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: See Ofcom link for speed:
Mobile signal/coverage: See Ofcom link
Local Authority/Tax Band: Derby City Council / Tax Band C
Useful Websites:

Our Ref: JGA/24102024

The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain. If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property. Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.

Agent Details

John German, Derby

01332 215682

Next Steps?

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