2 Bed Terraced House, Refurb/BRRR, Derby, DE21 7EA, £100,000

Moor Street, Spondon, Derby, DE21 7EA - 31 views - 6 months ago

BTL
Refurb/BRRR
ROI: 4%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£93K - £345K
Sold Prices/m²£1.5K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£101,000

 

 

End Value (After Refurb)

£165,827

Uplift in Value

+66%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£27,537

Bridging Loan Interest

£2,625

Total Cash In

£63,112

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£165,827

Agent Fees (1%)

£1,658

Bridging Loan

£75,000

Bridging Loan Interest

£2,625

Flip Profit

£26,056

Local Sold Prices

41 sold prices from £93K to £345K, average is £169.9K. £1.5K/m² to £5.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£175K12/220 mi26, Moor Street, Spondon, Derby, City Of Derby DE21 7EA2
£144.5K04/210.05 mi17, Oxford Street, Spondon, Derby, Derbyshire DE21 7JN2
£188K12/200.09 mi5, Strathaven Court, Spondon, Derby, City Of Derby DE21 7RH2
£105K05/210.1 mi52, Chapel Street, Spondon, Derby, City Of Derby DE21 7JP2
£200K07/230.1 mi30, Brockley, Spondon, Derby, City Of Derby DE21 7JE2
£131K03/210.16 mi11, Reader Street, Spondon, Derby, City Of Derby DE21 7JH2
£142.5K06/230.16 mi4, Reader Street, Spondon, Derby, City Of Derby DE21 7JH2
£200K03/230.2 mi14, Hall Dyke, Spondon, Derby, City Of Derby DE21 7LF2
£190K04/230.28 mi23, Grasmere Avenue, Spondon, Derby, City Of Derby DE21 7JZ2
£170K10/210.28 mi24, Windmill Meadow, Spondon, Derby, City Of Derby DE21 7SZ2
£202K05/210.29 mi30, Church Street, Spondon, Derby, City Of Derby DE21 7LL2
£150K05/210.3 mi34, Ayr Close, Spondon, Derby, City Of Derby DE21 7GU2
£173K01/230.33 mi1, Dreyfus Close, Spondon, Derby, City Of Derby DE21 7RR2
£345K11/210.33 mi2, Royal Hill Road, Spondon, Derby, City Of Derby DE21 7AH2
£235K03/210.33 mi29, Croft Close, Spondon, Derby, City Of Derby DE21 7EF2
£169.9K09/210.38 mi5, Beaumaris Court, Spondon, Derby, City Of Derby DE21 7RG2
£135K07/230.4 mi15, Park Leys Court, Spondon, Derby, City Of Derby DE21 7TS2
£134K11/200.42 mi12, Ormskirk Rise, Spondon, Derby, City Of Derby DE21 7NU2
£180K11/200.46 mi8, Silvey Grove, Spondon, Derby, City Of Derby DE21 7GH2
£133K02/210.5 mi23, Holyrood Close, Spondon, Derby, City Of Derby DE21 7QB2
£170K08/210.55 mi23, Vincent Avenue, Spondon, Derby, City Of Derby DE21 7HB2
£185K02/210.56 mi74, Huntley Avenue, Spondon, Derby, Derbyshire DE21 7DU2
£290K02/230.56 mi66, Huntley Avenue, Spondon, Derby, City Of Derby DE21 7DU2
£162K12/220.58 mi9, Fallow Road, Spondon, Derby, City Of Derby DE21 7TF2
£149.9K05/210.6 mi37, Borrowfield Road, Spondon, Derby, Derbyshire DE21 7HE2
£160K05/230.62 mi10, Silver Hill Road, Spondon, Derby, City Of Derby DE21 7HA2
£132K08/210.7 mi11, Towpath Way, Spondon, Derby, City Of Derby DE21 7SL2
£130K09/210.71 mi8, Towpath Court, Spondon, Derby, City Of Derby DE21 7TY2
£192.5K08/210.76 mi295, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£175K01/210.76 mi293, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UR2
£93K01/230.77 mi16, Boston Close, Chaddesden, Derby, City Of Derby DE21 6WB2
£185K12/200.88 mi307, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6ZB2
£141.9K04/210.89 mi24, Falconside Drive, Spondon, Derby, City Of Derby DE21 7TQ2
£141.9K04/210.89 mi24, Falconside Drive, Spondon, Derby, City Of Derby DE21 7TQ2
£141.9K04/210.89 mi24, Falconside Drive, Spondon, Derby, City Of Derby DE21 7TQ2
£175K07/230.92 mi41, Oregon Way, Chaddesden, Derby, City Of Derby DE21 6UL2
£210K08/230.92 mi5, Briar Close, Chaddesden, Derby, City Of Derby DE21 6ZD2
£137.5K02/210.94 mi6, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£158K02/230.94 mi7, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£195K07/230.94 mi5, Albert Crescent, Chaddesden, Derby, City Of Derby DE21 6TD2
£145K11/220.98 mi2, Carson Road, Chaddesden, Derby, City Of Derby DE21 6JU2

Local Rents

11 rents from £770/mo to £1.4K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£85012/240.12 miSitwell Street, Spondon, Derby, Derbyshire2
£99502/240.3 mi-2
£99512/240.31 miBankfield Drive, Spondon, Derby, Derbyshire, DE21 7QZ2
£89512/240.34 miBeeches Avenue, Spondon2
£90012/240.62 miSilver Hill Road, Spondon, DE21 7HA2
£80012/240.66 miPeckerdale Gardens, Spondon2
£77002/240.71 mi-2
£82512/240.89 miFalconside Drive, Spondon2
£85012/240.89 miFalconside Drive, Spondon2
£89512/241.02 miAlbert Road, Chaddesden2
£1,40012/241.18 miVictoria Avenue, Ockbrook, DE72 3RL2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

3.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £100,000

November 1, 2024

Description

  • TOWN CENTRE LOCATION +
  • INVESTMENT OPPORTUNITY +
  • CUL-DE-SAC POSITION +

SUMMARY
We are acting in the sale of the above property and have received an offer of £112,000 on the above property.

Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.

DESCRIPTION
We are acting in the sale of the above property and have received an offer of £112,000 on the above property.

Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.

Located in the heart of Spondon this two bedroom semi-detached home requires renovation however, is fantastically positioned to create a welcoming first home or a fantastic buy to let investment opportunity!
The home comprises in brief of a lounge, kitchen, landing, bathroom and two bedrooms. With convenient amentieis on your doorstep as well as reliable local transport links into Derby city centre!

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Lounge 19' 6" x 16' 4" ( 5.94m x 4.98m )
UPVC double glazed window to the rear elevation, two radiators.

Kitchen Irregular Shaped Room x ( x )
Wall and base units with worktop and stainless steel sink with mixer tap over as well as a tile splash back, radiator and UPVC double glazed window and door to the side elevation. Fitted electric oven with four ring electric hob over and extractor hood above with further space for a fridge and washing machine.

Bedroom One 13' 7" Into recess x 13' 2" ( 4.14m Into recess x 4.01m )
UPVC double glazed window to the front, radiator.

Bedroom Two Irregular Shaped Room x ( x )
UPVC double glazed window to the side elevation, radiator.

Bathroom 
Separate W/C. Tiled floor, UPVC double glazed window to the side elevation.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Hall & Benson, Spondon

01332 215175

Next Steps?

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