2 Bed Terraced House, Refurb/BRRR, Belper, DE56 1DT, £140,000

27 Mill Street, Belper, DE56 1DT - 10 views - 5 months ago

Refurb/BRRR
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£120K - £350K
Sold Prices/m²£1.7K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£159,950

 

 

End Value (After Refurb)

£186,896

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,999

Refurb Costs

£27,645

Bridging Loan Interest

£3,675

Total Cash In

£74,069

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£186,896

Mortgage (After Refinance)

£140,172

Mortgage LTV

75%

Cash Released

£35,172

Cash Left In

£38,897

Equity

£46,724

Rent Range

£595 - £1,100

Rent Estimate

£766

Running Costs/mo

£757

Cashflow/mo

£9

Cashflow/yr

£105

ROI

0%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £350K, average is £190.5K. £1.7K/m² to £5.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£205K10/210.03 mi11, Ford Street, Belper, Derbyshire DE56 1DX2
£185K06/210.09 mi5, Charnwood Avenue, Belper, Derbyshire DE56 1EA2
£272.5K04/210.15 mi1, St Peters Close, Belper, Derbyshire DE56 1EB2
£255K11/200.18 miThe Nailmakers Cottage, Green Lane, Belper, Derbyshire DE56 1BY2
£275K03/230.18 mi16, Green Lane, Belper, Derbyshire DE56 1BY2
£130K01/210.19 mi14, Swinney Lane, Belper, Derbyshire DE56 1EF2
£220K07/230.21 mi56, Penn Street, Belper, Derbyshire DE56 1GH2
£158K01/210.22 mi12, Field Lane, Belper, Derbyshire DE56 1DE2
£189.9K03/210.24 mi47, Cemetery Road, Belper, Derbyshire DE56 1EJ2
£252.5K03/230.24 mi1, Vicarage Close, Belper, Derbyshire DE56 1TB2
£350K07/230.24 mi3, Vicarage Close, Belper, Derbyshire DE56 1TB2
£299.9K11/220.24 mi20, Windmill Rise, Belper, Derbyshire DE56 1GQ2
£135K04/230.26 mi58, High Street, Belper, Derbyshire DE56 1GF2
£150K06/210.27 mi7, Lander Lane, Belper, Derbyshire DE56 1GE2
£335K06/230.29 mi46, Windmill Lane, Belper, Derbyshire DE56 1GP2
£168K11/210.31 mi11, Wellington Court, Belper, Derbyshire DE56 1UP2
£200K10/200.36 mi3, Wyver Lane, Belper, Derbyshire DE56 2UB2
£244.7K12/200.36 mi11a, Wyver Lane, Belper, Derbyshire DE56 2UB2
£182K02/210.37 mi11, Nottingham Road, Belper, Derbyshire DE56 1JG2
£235K04/210.37 mi52, Nottingham Road, Belper, Derbyshire DE56 1JG2
£170K10/210.37 mi3, Nottingham Road, Belper, Derbyshire DE56 1JG2
£170K05/210.37 mi95, Marsh Lane, Belper, Derbyshire DE56 1GT2
£225K07/230.37 mi36, Spencer Road, Belper, Derbyshire DE56 1JY2
£220K12/220.39 mi7, Spencer Road, Belper, Derbyshire DE56 1JY2
£160K09/210.39 mi1, Parkside, Belper, Derbyshire DE56 1HY2
£143K06/210.39 mi5, Parkside, Belper, Derbyshire DE56 1HY2
£143K06/210.39 mi5, Parkside, Belper, Derbyshire DE56 1HY2
£239.9K02/230.39 mi51, Parkside, Belper, Derbyshire DE56 1HY2
£215K12/220.4 mi58, Nottingham Road, Belper, Derbyshire DE56 1JH2
£128.5K04/210.41 mi35, Chapel Street, Belper, Derbyshire DE56 1AR2
£191K03/230.42 mi31, Belper Lane, Belper, Derbyshire DE56 2UG2
£187.5K01/210.42 mi3, The Scotches, Belper, Derbyshire DE56 2UE2
£147K08/210.44 mi76, Nottingham Road, Belper, Derbyshire DE56 1JH2
£220K03/230.44 mi76, Nottingham Road, Belper, Derbyshire DE56 1JH2
£140K10/200.44 mi101, Nottingham Road, Belper, Derbyshire DE56 1JH2
£270K03/230.45 mi30, Bessalone Drive, Belper, Derbyshire DE56 1ES2
£177.5K07/230.5 mi6, Marsh Lane, Belper, Derbyshire DE56 1GS2
£142.5K03/210.52 mi9, Mill Lane, Belper, Derbyshire DE56 1LG2
£180K11/200.52 mi21, Mill Lane, Belper, Derbyshire DE56 1LG2
£158K03/210.52 mi30, Mill Lane, Belper, Derbyshire DE56 1LG2
£225K09/210.53 mi21, The Fleet, Belper, Derbyshire DE56 1NU2
£175K06/230.53 mi11, Meadow View, Belper, Derbyshire DE56 1UT2
£275K03/230.54 mi9, Ladywood Avenue, Belper, Derbyshire DE56 1HS2
£310K11/210.54 mi72, Belper Lane, Belper, Derbyshire DE56 2UQ2
£325K11/200.54 miAnzio Cottage, 68, Belper Lane, Belper, Derbyshire DE56 2UQ2
£250K11/220.58 mi58, Ladywood Avenue, Belper, Derbyshire DE56 1HT2
£143K04/210.6 mi69, Mill Lane, Belper, Derbyshire DE56 1LH2
£151.8K11/210.62 mi182, Nottingham Road, Belper, Derbyshire DE56 1JL2
£120K10/200.62 mi17, Gibfield Lane, Belper, Derbyshire DE56 1WA2
£192K04/210.64 mi40, Deepdale Road, Belper, Derbyshire DE56 1HQ2

Local Rents

12 rents from £595/mo to £1.1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£77512/240.11 miThe Woodlands, The Orchard, Belper, Derbyshire, DE56 1DF2
£77512/240.24 miJaeger Close, BELPER2
£87503/250.24 mi-2
£87503/250.24 mi-2
£59512/240.3 miStrutt Street, Belper2
£65012/240.31 miKing Street, BELPER2
£77512/240.33 miBridge Street, Belper, DE562
£77512/240.33 mi-2
£79502/250.33 mi-2
£77512/240.33 mi-2
£79504/250.33 mi-2
£1,10002/250.46 mi-2

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £140,000

February 4, 2025

Listed for £159,950

November 14, 2024

Description

Offered with vacant possession/ no chain. Situated in the heart of Belpers' conservation area, a traditional stone built cottage in need of modernisation. Offering deceptively spacious two bedroom accommodation with a courtyard and outhouses to the rear. Viewing is recommended.

The character cottage offers traditional accommodation comprising sitting room with sash window and useful under stairs store, extended dining kitchen with fitted units and rear lobby with store. To the first floor there is a landing, double bedroom to the front and the second bedroom providing access to the shower room.

There are character sash windows and period entrance door.

To the front is an elevated fore garden with a dry stone wall. The courtyard to the rear shared with access to two brick built out houses.

The cottage is situated in the Clusters conservation area, close to the town with its railway station, excellent schools, shops, bars, restaurants and leisure facilities, close to many countryside walks. Belper is renowned for its historic mills, character and charm, forming part of the UNESCO heritage corridor. Having easy access to Derby and Nottingham via, A38, M1 and A6, which provides the gateway to the stunning Peak District.

Accommodation - A traditional entrance door allows access.

Sitting Room - 3.99m x 3.78m (13'1 x 12'5 ) - A generous room with in-built cupboards, recessed shelving, wall mounted gas fire with wooden fire surround and marble hearth, wall lighting, useful understairs store, sash window to the front and stairs climb to the first floor.

Kitchen Diner - 4.62m x 3.18m (15'2 x 10'5 ) - Fitted with a range of base cupboards, drawers and eye level units with work surface over incorporating an acrylic sink drainer with mixer taps and splash back tiling, gas cooker, plumbing for a washing machine, wall mounted gas fire and twin character windows overlook the rear courtyard.

Rear Entrance Lobby - There is an in-built store cupboard with light and a half glazed UPVC entrance door allows access.

First Floor -

Landing -

Bedroom One - 3.76m x 2.82m (12'4 x 9'3 ) - There is a sash window to the front elevation, built-in wardrobes, shelving original timber latch doors.

Bedroom Two - 4.24m x 1.30m extending to 3.12m (13'11 x 4'3 exte - This room provides access to the shower room. There is an original latch door, sash window to the rear elevation and a built-in wardrobe and cupboard housing the hot water cylinder.

Shower Room - Appointed with a double shower enclosure with electric shower, vanity wash hand basin and low flush WC

Outside - To the front is an elevated fore garden with dry stone wall, steps lead to the front door. There is access to the rear shared courtyard through a five bar gate. Having two brick built outhouses.

Agent Details

Boxall Brown & Jones, Belper

01773 303495

Next Steps?

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