3 Bed Bungalow, Refurb/BRRR, Belper, DE56 1HQ, £250,000

Deepdale Road, Belper, Derbyshire, DE56 1HQ - 6 months ago

Refurb/BRRR
ROI: 1%
~65 m²
+12 photos

ValuationOvervalued

Sold Prices£95K - £503K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~65.30 m²
Price/m²£3.8K/m²

Value Estimate

£185,262

 

 

End Value (After Refurb)

£203,830

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£26,504

Bridging Loan Interest

£6,563

Total Cash In

£111,017

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,830

Mortgage (After Refinance)

£152,872

Mortgage LTV

75%

Cash Left In

£111,017

Equity

£50,957

Rent Range

£760 - £1,000

Rent Estimate

£900

Running Costs/mo

£837

Cashflow/mo

£63

Cashflow/yr

£756

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £95K to £503K, average is £265K. £1.3K/m² to £4.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£265K05/210.05 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£290K02/210.12 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£279K05/210.16 mi4, Jennys Court, Belper, Derbyshire DE56 0GY3
£220K07/210.18 mi62, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£225K09/210.18 mi60, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£286K07/230.2 mi12, Short Street, Belper, Derbyshire DE56 1JU3
£235K09/210.21 mi82, Edensor Drive, Belper, Derbyshire DE56 1TF3
£267K02/210.22 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£152.5K04/210.22 mi17, Kingswood Avenue, Belper, Derbyshire DE56 1TU3
£275K06/230.25 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.25 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£279.9K06/210.26 mi22, Maidwell Close, Belper, Derbyshire DE56 1TE3
£275K05/230.28 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3
£205K01/210.28 mi25, Laund Avenue, Belper, Derbyshire DE56 1FL3
£310K12/200.29 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£321K01/230.29 mi6, Orton Way, Belper, Derbyshire DE56 1UB3
£258K12/200.29 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.29 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.29 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.29 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£280K10/210.3 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£265K06/230.3 mi5, Spinners Way, Belper, Derbyshire DE56 0HR3
£255K06/230.3 mi3, Spinners Way, Belper, Derbyshire DE56 0HR3
£280K02/210.3 mi18, Bullsmoor, Belper, Derbyshire DE56 1JS3
£226K08/210.31 mi14, Ashford Rise, Belper, Derbyshire DE56 1TJ3
£300K01/210.32 mi130, Whitemoor Lane, Belper, Derbyshire DE56 0HD3
£220K07/210.32 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£275K03/230.33 mi123, Kilbourne Road, Belper, Derbyshire DE56 1RZ3
£312K09/210.33 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£265K06/230.33 mi55, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.33 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3
£280K02/210.33 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£285K02/230.34 mi7, Astlow Drive, Belper, Derbyshire DE56 1TT3
£250K03/230.35 mi29, Thornton Way, Belper, Derbyshire DE56 0AH3
£95K12/200.35 mi14, Thornton Way, Belper, Derbyshire DE56 0AH3
£450K02/230.38 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.38 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£240K06/210.39 mi16, Laund Close, Belper, Derbyshire DE56 1ET3
£212K03/210.39 mi6, Findern Close, Belper, Derbyshire DE56 1TQ3
£210K11/200.39 mi134, Far Laund, Belper, Derbyshire DE56 1FN3
£225K03/210.39 mi124, Far Laund, Belper, Derbyshire DE56 1FN3
£318K02/210.39 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.39 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.39 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£242.5K12/200.39 mi15, Laund Close, Belper, Derbyshire DE56 1ET3
£270K12/220.39 mi18, Cherry Tree Avenue, Belper, Derbyshire DE56 1FR3
£193K12/200.4 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£250K03/230.42 mi86, Nottingham Road, Belper, Derbyshire DE56 1JH3
£225K01/230.42 mi139, Nottingham Road, Belper, Derbyshire DE56 1JH3
£225K12/200.43 mi10, Stanton Avenue, Belper, Derbyshire DE56 1EE3

Local Rents

12 rents from £760/mo to £1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£76009/230.17 mi-3
£90012/240.25 miMarsh Lane, Belper, Derbyshire, DE563
£89512/240.39 miWindmill Lane, Belper3
£80012/240.41 miFar Laund, Belper3
£90012/240.61 miChesterfield Road, Belper, Derbyshire, DE563
£95012/240.69 miCook Close, Belper3
£1,00012/240.69 miBrafield Close, Belper3
£95012/240.72 miGreen Lane, Belper, Derby3
£1,00012/240.73 miGreen Lane, Belper, Derbyshire, DE563
£90012/240.73 miAlder Road, BELPER3
£85012/240.81 miQueen Street, Belper3
£89512/240.85 miSycamore Croft, Belper3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.54 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £250,000

February 20, 2025

Price changed to £260,000

January 19, 2025

Price changed to £270,000

January 3, 2025

Listed for £280,000

October 25, 2024

Floor Plans

Description

  • NO UPWARD CHAIN +
  • OFF STREET PARKING +
  • CONVENIENT LOCATION +
  • EXTENDED TO THE REAR +
  • GAS FIRED CENTRAL HEATING +
  • FITTED KITCHEN AND SHOWER ROOM +
  • ENCLOSED REAR GARDEN +
  • SHORT DRIVE FROM TOWN CENTRE +
  • EARLY VIEWING HIGHLY RECOMMENDED +

OFFERED FOR SALE WITH NO UPWARD CHAIN This extended detached bungalow is located within a popular residential area close to local shops, amenities and public transport links. Requiring a degree of modernisation throughout, this property briefly comprises, entrance hall, lounge/dining room, kitchen, two/three bedroom and bathroom. Further benefits include front and rear gardens, off street parking and gas fired central heating.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QBP240030/2

Agent Details

YOUR MOVE - Attenborough & Co, Belper

01773 302283

Next Steps?

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