2 Bed Flat, Motivated Seller, Derby, DE1 3AF, £115,000

Cathedral View, Full Street, Derby, Derbyshire, DE1 3AF - 2 views - 5 months ago

Sold STC
Leasehold
Motivated
BTL
ROI: 11%
~58 m²
+5 photos

ValuationOvervalued

Sold Prices£30K - £162.5K
Sold Prices/m²£545/m² - £2.3K/m²

 

 

Square Metres

~58.20 m²
Price/m²£2K/m²

Value Estimate

£95,081

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£850 - £1,950

Rent Estimate

£875

Running Costs/mo

£554

Cashflow/mo

£321

Cashflow/yr

£3,848

ROI

11%

Gross Yield

9%

Local Sold Prices

39 sold prices from £30K to £162.5K, average is £111K. £545/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£127.5K11/200.26 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.26 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£114K01/230.32 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£61.5K03/210.36 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£140K03/230.4 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£143K12/220.43 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£127.5K07/210.47 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£90K07/220.49 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£85K10/210.52 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£48K09/210.58 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.58 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£78.5K08/210.6 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.6 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£155K03/230.62 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£42.5K09/220.63 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.63 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.63 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£135K08/220.64 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£42K11/220.66 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.66 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.66 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£110K05/220.66 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£124.5K06/230.72 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.72 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.72 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/220.73 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.73 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/210.73 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.73 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.73 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/220.73 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£30K02/210.76 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.76 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£124K03/210.78 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£136K06/210.78 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£130K08/210.83 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£92K11/210.86 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£78K01/210.94 mi31, Moray Walk, Derby, City Of Derby DE21 6BR2
£162.5K04/210.95 miApartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY2

Local Rents

50 rents from £850/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10004/240 miCathedral View, Ful Street, Derby, DE1 3AF2
£1,30005/240.01 miCathedral View, Full Street, Derby, Derbyshire, DE1 3AF2
£1,70005/240.07 miDerby Riverside, Derby, DE12
£1,95005/240.07 mi-2
£1,70005/240.07 mi-2
£1,80012/240.07 mi-2
£1,85012/240.07 mi-2
£1,70012/240.07 mi-2
£1,65012/240.07 mi-2
£1,69512/240.07 mi-2
£1,69512/240.07 mi-2
£1,69912/240.07 mi-2
£1,65012/240.07 mi-2
£1,80001/250.07 mi-2
£1,65001/250.07 mi-2
£1,70001/250.07 mi-2
£1,75001/250.07 mi-2
£1,85003/250.07 mi-2
£1,70004/250.07 mi-2
£1,70004/250.07 mi-2
£95004/240.07 miStuart Street, Derby2
£89503/240.09 miRiverside House, Stuart Street2
£90003/240.09 miDerby Riverside, Derby, DE1 2EB2
£87503/240.09 miDerby Riverside, Stuart Street, Derby, DE1 2EB2
£92504/240.09 miStuart Street, DERBY2
£1,20003/240.09 miRiverside, Stuart Street Derby2
£95005/240.09 miDerby Riverside, Stuart Street, Derby2
£1,85004/240.09 mi-2
£1,40012/240.1 mi-2
£1,40012/240.1 mi-2
£1,25003/250.1 mi-2
£1,20012/240.1 mi-2
£1,35003/250.1 mi-2
£87503/240.1 miRiverside, Stuart Street2
£90003/240.1 miRiverside House, Derby2
£95004/240.1 miRiverside House, Derby2
£95005/240.1 miRiverside House, Derby2
£85001/250.13 mi-2
£90012/240.13 mi-2
£1,25012/240.16 mi-2
£1,20012/240.16 mi-2
£1,75003/240.16 miSt. Marys Gate, DERBY2
£1,25003/240.16 miSt. Marys Gate, DERBY2
£1,75003/240.16 miSt. Marys Gate, DERBY2
£1,25003/240.16 miSt. Marys Gate, DERBY2
£1,75003/240.16 miSt. Marys Gate, DERBY2
£1,25003/240.16 miSt. Marys Gate, DERBY2
£1,50003/240.16 miSt. Marys Gate, DERBY2
£89504/240.16 miSt. Marys Gate, Derby2
£95005/240.16 miSt. Marys Gate, Derby2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £115,000

January 11, 2025

Listed for £122,000

November 18, 2024

Floor Plans

Description

  • Council Tax Band B, Leasehold: 150 Years From 1st December 2015 +
  • Ground Rent is £250 Per Annum, Service Charge is £3600 Per Annum +
  • Spacious Living Room/Kitchen +
  • 2 Well Proportioned Bedrooms +
  • Balcony +
  • 3 Piece Bathroom +
  • Stunning Views +
  • Off road parking +
  • Convenient Location +
  • Viewings Advised +

This lovely two bed apartment benefits from a balcony with a view over the river and off road parking. Viewings are a must.

This apartment is located in Derby with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room/kitchen providing access to a balcony. As well as two well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from a balcony that overlooks the river.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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