3 Bed Detached House, Refurb/BRRR, Belper, DE56 1TE, £295,000

65 Maidwell Close, Belper, DE56 1TE - 2 views - 5 months ago

Refurb/BRRR
~93 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£261,112

 

 

End Value (After Refurb)

£286,992

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£37,747

Bridging Loan Interest

£7,744

Total Cash In

£133,291

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,992

Mortgage (After Refinance)

£215,244

Mortgage LTV

75%

Cash Left In

£133,291

Equity

£71,748

Rent Range

£760 - £1,000

Rent Estimate

£900

Running Costs/mo

£1,097

Cashflow/mo

£-197

Cashflow/yr

£-2,362

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 
£279.9K06/210.01 mi22, Maidwell Close, Belper, Derbyshire DE56 1TE3
£226K08/210.06 mi14, Ashford Rise, Belper, Derbyshire DE56 1TJ3
£152.5K04/210.06 mi17, Kingswood Avenue, Belper, Derbyshire DE56 1TU3
£235K09/210.07 mi82, Edensor Drive, Belper, Derbyshire DE56 1TF3
£285K02/230.09 mi7, Astlow Drive, Belper, Derbyshire DE56 1TT3
£321K01/230.12 mi6, Orton Way, Belper, Derbyshire DE56 1UB3
£212K03/210.13 mi6, Findern Close, Belper, Derbyshire DE56 1TQ3
£205K01/210.17 mi25, Laund Avenue, Belper, Derbyshire DE56 1FL3
£250K03/230.18 mi29, Thornton Way, Belper, Derbyshire DE56 0AH3
£95K12/200.18 mi14, Thornton Way, Belper, Derbyshire DE56 0AH3
£210K11/200.19 mi134, Far Laund, Belper, Derbyshire DE56 1FN3
£225K03/210.19 mi124, Far Laund, Belper, Derbyshire DE56 1FN3
£279K05/210.21 mi4, Jennys Court, Belper, Derbyshire DE56 0GY3
£350K06/230.22 mi12, Laund Farm Mews, Belper, Derbyshire DE56 1FP3
£265K06/230.23 mi5, Spinners Way, Belper, Derbyshire DE56 0HR3
£255K06/230.23 mi3, Spinners Way, Belper, Derbyshire DE56 0HR3
£275K05/230.23 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3
£270K12/220.24 mi18, Cherry Tree Avenue, Belper, Derbyshire DE56 1FR3
£312K09/210.27 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£265K06/230.27 mi55, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.27 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3
£240K06/210.3 mi16, Laund Close, Belper, Derbyshire DE56 1ET3
£265K05/210.31 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£242.5K12/200.32 mi15, Laund Close, Belper, Derbyshire DE56 1ET3
£258K12/200.32 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.32 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.32 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.32 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£290K02/210.37 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£310K12/200.37 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£220K07/210.4 mi62, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£225K09/210.4 mi60, Whitemoor Lane, Belper, Derbyshire DE56 0HB3
£300K01/210.4 mi130, Whitemoor Lane, Belper, Derbyshire DE56 0HD3
£299.9K07/230.41 mi22, Bessalone Drive, Belper, Derbyshire DE56 1ES3
£267K02/210.44 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£280K10/210.45 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£286K07/230.46 mi12, Short Street, Belper, Derbyshire DE56 1JU3
£275K06/230.49 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.49 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£193K12/200.5 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£210K08/210.52 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£280K02/210.52 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£220K07/210.53 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£275K03/230.55 mi123, Kilbourne Road, Belper, Derbyshire DE56 1RZ3
£280K02/210.56 mi18, Bullsmoor, Belper, Derbyshire DE56 1JS3
£250.5K03/230.56 mi214, John O'gaunts Way, Belper, Derbyshire DE56 0DF3
£450K02/230.59 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.59 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£318K02/210.59 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.59 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3

Local Rents

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

RentDateDistanceAddressBeds 
£80012/240.19 miFar Laund, Belper3
£76009/230.26 mi-3
£90012/240.47 miMarsh Lane, Belper, Derbyshire, DE563
£89512/240.52 miWindmill Lane, Belper3
£95012/240.71 miCook Close, Belper3
£90012/240.75 miChesterfield Road, Belper, Derbyshire, DE563
£1,00012/240.84 miBrafield Close, Belper3
£95012/240.88 miGreen Lane, Belper, Derby3
£1,00012/240.89 miGreen Lane, Belper, Derbyshire, DE563
£90012/240.98 miAlder Road, BELPER3
£85012/241 miQueen Street, Belper3
£89512/241.11 miSycamore Croft, Belper3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.67 miles away

Nearest school

0.40 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £295,000

October 25, 2024

Sold for £68,995

1998

Description

Offered with vacant possession / no chain. The modern three bedroom detached family home is situated in a quiet cul de sac location close to excellent amenities. The property has ample off road parking, garage and garden. Viewing is recommended.

In need of some cosmetic updating the well proportioned family accommodation comprises an entrance hallway, guest WC, lounge with a bay window and French doors opening into the dining room, fitted kitchen, three good sized bedrooms (principal with ensuite) and family bathroom.

Benefitting from UPVC double glazed windows and doors, gas central heating.

To the front of the property is a fore garden, with a driveway to the side providing off road parking and leading to a garage. The rear enclosed garden is laid to lawn with a sunny paved seating area and rockery feature.

Situated conveniently within walking distance of local amenities, bus routes and close to Belper with its busy railway station, excellent schools, shopping, bars, restaurants and leisure facilities. There is easy access to Derby and Nottingham, via major road links ie A38, M1 and A6, which provides the gateway to the stunning Peak District.

Accommodation - A half glazed composite entrance door allows access, coving to the ceiling, radiator and stairs climb off to the first floor.

Guest Wc - Having a low flush WC, wall mounted wash hand basin, radiator, UPVC double glazed window, coving, extractor fan and the electrical installation.

Lounge - 5.13m x 3.20m (16'10 x 10'6 ) - A spacious room with a UPVC double glazed bay window to the front, radiator, BT point, TV aerial point and a mahogany Adams style fire surround with marble insert and hearth housing an electric fire. Glazed French doors open into :

Dining Room - 3.30m x 2.51m (10'10 x 8'3 ) - There is a radiator, coving and UPVC patio doors open onto the garden.

Fitted Kitchen - 4.11m x 2.74m (13'6 x 9') - Appointed with a range of light oak effect base cupboards, drawers and eye level units with granite effect rolled top work surface over incorporating a stainless steel sink drainer with mixer taps and splash back tiling, Integrated appliances include an electric double oven and grill, gas hob, extractor hood, space for a fridge and washing machine. There is a UPVC double glazed window overlooking the garden, useful understairs cupboard with light and shelf and a half glazed entrance door provides access to the side.

To The First Floor -

Landing - There is a UPVC double glazed window to the side elevation and a built in airing cupboard housing the Worcester combi boiler (serving the domestic hot water and central heating system).

Bedroom One - 4.01m x 3.25m max (13'2 x 10'8 max) - There is a triple in-built wardrobe providing hanging and shelving facility, radiator, coving, TV aerial point, telephone point and a UPVC double glazed window to the rear elevation.

Ensuite - Fitted with a shower enclosure with a thermostatic shower, pedestal wash hand basin and a low flush WC, complementary tiling, vinyl flooring, radiator, UPVC double glazed window, shaver point and an extractor fan.

Bedroom Two - 3.12m x3.25m (10'3 x10'8 ) - Having a UPVC double glazed window to the front elevation, coving, TV aerial point, radiator, built-in double wardrobe and there is access to the roof void.

Bedroom Three - 2.34m x 1.98m (7'8 x 6'6 ) - Having coving, radiator, TV aerial point and a UPVC double glazed window to the front elevation.

Family Bathroom - Appointed with a panelled bath, pedestal wash hand basin and a low flush WC, complementary half tiling, radiator, shaver point, extractor fan, vinyl flooring and a UPVC double glazed window to the side elevation.

Outside - To the front of the property is a lawned fore garden with an open canopy porch, outside light and a driveway to the side provides off road parking and access to the garage. A secure wood gate allows access to the rear garden.

Garage - 5.11m x 2.46m (16'9 x 8'1 ) - There is an up and over door, light, power, personal door and over head storage.

Rear Garden - Being mainly laid to lawn with a central rockery island, sunny paved seating area, outside tap and fully enclosed boundary fence.

Agent Details

Boxall Brown & Jones, Belper

01773 303495

Next Steps?

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