2 Bed Flat, Single Let, Derby, DE23 1QW, £55,000

Stenson Road, Derby, DE23 1QW - 20 views - 4 months ago

Leasehold
BTL
ROI: 28%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£33.5K - £179K
Sold Prices/m²£588/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£67,650
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£700 - £1,850

Rent Estimate

£725

Running Costs/mo

£337

Cashflow/mo

£388

Cashflow/yr

£4,658

ROI

28%

Gross Yield

16%

Local Sold Prices

50 sold prices from £33.5K to £179K, average is £116K. £588/m² to £3.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£70K11/200 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2
£86K08/220.03 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£33.5K01/210.53 mi1, Ticknall Walk, Sunnyhill, Derby, City Of Derby DE23 1TX2
£90.8K05/220.72 mi11, Ivernia Close, Sunnyhill, Derby, City Of Derby DE23 1XF2
£125K12/200.84 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£162.5K04/210.85 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.85 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.85 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.85 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.85 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.85 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170.5K09/220.86 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£90K01/230.88 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£100K11/210.97 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£122.5K08/210.99 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£95K10/211.05 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/231.05 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£80K02/231.1 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£179K05/211.12 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2
£95K03/211.13 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£130K08/211.14 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£83K07/221.16 mi52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ2
£124K03/211.23 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£83K05/211.34 mi22, Ashwood Close, Derby, City Of Derby DE24 8XW2
£121K10/211.35 mi39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF2
£136K06/211.37 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£78.5K08/211.38 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/201.38 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£120K05/221.44 mi53, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£135K02/231.44 mi59, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£140K07/221.44 mi55, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£115K05/221.44 mi3, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£128K06/211.44 mi66, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£138.5K02/231.44 mi37, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£117K04/211.44 mi56, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£120K03/231.44 mi70, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£92K11/211.45 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£90K07/221.47 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£109K10/221.54 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/211.54 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£85K06/211.62 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£48K09/211.63 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£38K04/231.63 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/221.63 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/221.63 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£150K10/201.68 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£140K03/231.71 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£92.5K08/211.74 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£144K10/201.76 mi6, Hobkirk Drive, Sinfin, Derby, City Of Derby DE24 3DT2
£155K03/231.8 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2

Local Rents

32 rents from £700/mo to £1.9K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79504/240.38 miLewis Street, Derby2
£85003/240.38 miStenson Avenue, Derby2
£85012/240.4 mi-2
£72503/240.41 miSackville Street, Derby2
£79512/240.43 mi-2
£1,85012/240.43 mi-2
£1,00002/240.44 mi-2
£77503/240.45 miNewdigate Street,2
£77504/240.45 miNewdigate Street,2
£82003/250.46 mi-2
£82003/250.46 mi-2
£85004/250.46 mi-2
£80012/230.47 mi-2
£75003/240.47 miBrunswick Street 2
£79502/250.48 mi-2
£97503/240.49 miStenson Road, Derby, Derbyshire2
£82511/240.5 mi-2
£70003/240.53 miBelvoir Street, Derby, Derbyshire2
£90004/250.56 mi-2
£89504/240.56 miTaverners Crescent, Littleover, Derby, DE232
£85002/240.57 mi-2
£85012/240.57 mi-2
£87512/240.57 mi-2
£87501/250.57 mi-2
£85002/250.57 mi-2
£85002/250.57 mi-2
£85002/250.57 mi-2
£87002/250.57 mi-2
£87502/250.57 mi-2
£79502/250.59 mi-2
£72503/240.6 miBalfour Road, Derby2
£75003/240.61 miBalfour Road, Derby, Derbyshire, DE232

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £55,000

November 22, 2024

Floor Plans

Description

  • Two Bedroom Flat +
  • Communal Gardens +
  • Car Park +
  • Utility Room & Storage Area +
  • Council Tax Band A +
  • Exclusively for ages 60 and over +

SUMMARY
This two-bed apartment reserved for residents 60 years and older offers the perfect balance of convenience, comfort, and affordability in a sought-after location. Enjoy easy access to local amenities, parks, and Derby city centre, with excellent transport links for effortless commuting.

DESCRIPTION
This two-bedroom apartment offers the ideal blend of convenience, comfort, and affordability exclusively for adults 60 and older. Located in a sought-after area, you'll be just a stone's throw from local shops, parks, with Derby city centre only a short distance away. Excellent transport links make it easy to get around, whether you're commuting to work or exploring the surrounding area.
As you enter, you'll find a spacious hallway with doors leading to the various rooms. The bathroom is conveniently located just off the hallway, adjacent to the two generously sized bedrooms, providing ample space for rest and relaxation.
The living room is a bright and airy space, boasting a large window and plush carpeting underfoot. A connecting door leads through to the kitchen, which is equipped with an abundance of cabinets and integrated appliances, as well as a window to let in natural light.The building offers a shared utility room, fully equipped with a sink, laundry machines, and dryer space.
Outside, you'll find communal gardens and a car park, perfect for enjoying the fresh air or parking your vehicle.

Lounge 17' 5" x 10' 5" ( 5.31m x 3.17m )

Kitchen 9' 6" x 2' 4" ( 2.90m x 0.71m )

Bedroom One 14' 6" x 8' 2" ( 4.42m x 2.49m )

Bedroom Two 11' 8" x 7' ( 3.56m x 2.13m )

Bathroom 8' 7" x 5' 11" ( 2.62m x 1.80m )

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Bagshaws Residential, Derby

01332 215045

Next Steps?

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