3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE3 0ED, £210,000

54 Vicarage Road, Derby, City Of Derby, DE3 0ED - 4 views - 4 months ago

Refurb/BRRR
ROI: 3%
60 m²
+8 photos

ValuationOvervalued

Sold Prices£110K - £269.9K
Sold Prices/m²£1.3K/m² - £3K/m²

 

 

Square Metres

60 m²
Price/m²£3.5K/m²

Value Estimate

£145,459

 

 

End Value (After Refurb)

£210,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£24,313

Bridging Loan Interest

£5,513

Total Cash In

£91,576

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£210,000

Mortgage (After Refinance)

£157,500

Mortgage LTV

75%

Cash Left In

£91,576

Equity

£52,500

Rent Range

£900 - £1,550

Rent Estimate

£1,138

Running Costs/mo

£904

Cashflow/mo

£234

Cashflow/yr

£2,810

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £269.9K, average is £207.5K. £1.3K/m² to £3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£269.9K09/210.01 mi77, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0ED3
£176K10/200.01 mi105, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0ED3
£157K03/210.08 mi137, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EE3
£198.5K11/220.08 mi125, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EE3
£210K02/210.1 mi3, New Orchard Place, Mickleover, Derby, City Of Derby DE3 9GY3
£210K08/210.11 mi33, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EB3
£255K10/220.12 mi23, New Orchard Place, Mickleover, Derby, City Of Derby DE3 9GY3
£150K10/210.15 mi27, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0EQ3
£217.5K07/220.15 mi27, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0EQ3
£190K06/210.15 mi15, Wendover Close, Mickleover, Derby, Derbyshire DE3 0TD3
£240K06/230.15 mi12, Wendover Close, Mickleover, Derby, City Of Derby DE3 0TD3
£185K10/220.15 mi2d, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0EQ3
£123.3K05/210.16 mi3, Burnham Drive, Mickleover, Derby, City Of Derby DE3 0QZ3
£215K11/200.16 mi81, Station Road, Mickleover, Derby, City Of Derby DE3 9GJ3
£110K12/220.16 mi52, Station Road, Mickleover, Derby, City Of Derby DE3 9GJ3
£221K05/230.17 mi23, Hilton Close, Mickleover, Derby, City Of Derby DE3 0EH3
£195K06/210.17 mi6, Cookham Close, Mickleover, Derby, City Of Derby DE3 0RB3
£235K04/230.17 mi3, Cookham Close, Mickleover, Derby, City Of Derby DE3 0RB3
£135.5K05/210.17 mi56, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ER3
£135.5K05/210.17 mi56, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ER3
£230K11/210.18 mi163a, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EF3
£225K02/210.18 mi207, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EF3
£237.5K01/230.19 mi27, Catterick Drive, Mickleover, Derby, City Of Derby DE3 0TY3
£240K11/220.19 mi142, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EG3
£190K05/210.19 mi164, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EG3
£175K12/200.19 mi150, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EG3
£175K03/210.2 mi1, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EN3
£205K05/230.2 mi122, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£197K09/220.2 mi116, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£137.5K11/200.2 mi124, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£186K12/220.2 mi124, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£205K12/220.2 mi106, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£243K01/210.22 mi74, Catterick Drive, Mickleover, Derby, City Of Derby DE3 0TX3
£189K03/210.22 mi39, Prescot Close, Mickleover, Derby, Derbyshire DE3 0TB3
£211K01/230.22 mi33, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP3
£205K12/200.23 mi1, Farnham Close, Mickleover, Derby, City Of Derby DE3 0RE3
£222K07/220.23 mi68, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£222K10/210.24 mi37, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP3
£220K10/200.24 mi54, Fenton Road, Mickleover, Derby, Derbyshire DE3 0EP3
£186.9K12/200.24 mi222, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0RS3
£220K03/230.25 mi48, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£210K03/210.25 mi84, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£178K08/210.25 mi6, Warner Street, Mickleover, Derby, Derbyshire DE3 0GG3
£174K02/210.25 mi18, Warner Street, Mickleover, Derby, Derbyshire DE3 0GG3
£260K01/210.26 mi11, Mickleover Manor, Mickleover, Derby, City Of Derby DE3 0SH3
£210K03/230.29 mi221, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0RR3
£240K12/220.29 mi349, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0TW3
£230K11/200.3 mi329, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0TW3
£180K07/210.31 mi10, Etwall Road, Mickleover, Derby, City Of Derby DE3 0DL3
£247K11/220.31 mi18, Drysdale Road, Mickleover, Derby, City Of Derby DE3 0PR3

Local Rents

27 rents from £900/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90003/240.01 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,10003/240.09 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,05004/240.09 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,10004/240.1 mi-3
£1,15003/250.17 mi-3
£95004/240.18 miFenton Road, Mickleover, Derby3
£1,20003/240.22 miBay Close, Mickleover3
£99503/240.25 miPortland Close, Mickleover, Derby3
£1,05004/240.29 miHoylake Court, Mickleover3
£99503/240.32 miBarnwood Close, Mickleover3
£1,07503/240.34 miBain Gardens, Mickleover, Derbyshire3
£1,07504/240.34 miBain Gardens, Mickleover, Derby3
£1,15004/240.38 miUttoxeter Road, Derby, Derbyshire, DE33
£1,00003/240.41 miChilson Drive, Mickleover, Derby3
£1,05004/240.44 miLadybank Road, Mickleover3
£1,48503/240.44 mi-3
£1,48503/240.44 mi-3
£1,50002/250.44 mi-3
£1,55003/240.44 miMickleover, Derby, DE33
£1,10004/240.45 mi-3
£1,20004/240.46 miHarper Drive, Mickleover3
£1,35002/240.46 mi-3
£1,35004/240.46 mi-3
£1,20003/240.46 mi-3
£1,35003/240.46 miMyrtle Avenue, Mickleover, Derby, DE33
£1,10005/240.5 miChilson Drive, Mickleover, Derby3
£92503/240.54 miBanwell Close, Mickleover, Derby3

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

3.12 miles away

Nearest school

0.10 miles away

Nearest train station

3.19 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £210,000

November 30, 2024

Sold for £131,000

2006

Sold for £40,500

1996

Floor Plans

Description

  • Three Bedrooms +
  • Semi Detached +
  • Low Maintenance Garden +
  • Two Reception Rooms +
  • Kitchen/Diner +
  • Potential Off Road Parking +
  • Sought After Location +

This three-bedroom mid-terrace property is situated in the highly sought-after area of Mickleover, one of Derby’s most desirable locations. Offering fantastic transport links and being just a short drive away from the City Centre, the property combines the convenience of urban living with the charm of a village location, complete with local shops and amenities.

As you approach the property, you’re welcomed by a low-maintenance walled front garden that has recently been updated with pebbles and a stone pathway leading to the front door. Many homes on this road have been converted into driveways, but there is also potential to create off-road parking at the rear of the property, making this home versatile for future improvements.

Upon entering, you are greeted by a small entrance porch, ideal for removing shoes before stepping into the hallway. The hallway gives access to the staircase leading to the first floor, while to the left is the spacious lounge. This room spans the full width of the house and features a central chimney breast, offering great potential for a variety of configurations. With a little imagination and some updating, this space can easily become the perfect spot for relaxation or entertaining.

At the rear of the property is the kitchen diner, which runs the full width of the home and overlooks the garden. While the kitchen would benefit from some modernisation, it offers plenty of wall and base units and ample space for appliances. Double doors lead into the conservatory, which provides an additional reception room, ideal for extra living space or a tranquil retreat.

Upstairs, you’ll find two generously sized double bedrooms and a well-proportioned single bedroom, all offering excellent potential. The family bathroom is also on this floor, providing ample space for the needs of a family.

Externally, the rear garden has been transformed with a low-maintenance block-paved area, creating an ideal space for outdoor relaxation. Many neighbouring properties have converted their rear gardens into parking spaces, as access is available via a shared alleyway. The allotments, located just a short walk away, also provide additional green space.

While this property may require a little TLC to truly unlock its full potential, the bones of the house are strong, and with a little vision, it could easily be transformed into a wonderful family home. The location, size, and scope for improvement make it an excellent opportunity for those looking to make their mark in one of Derby's most sought-after areas.

Agent Details

haart, Derby

01332 215411

Next Steps?

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