2 Bed Flat, Single Let, Derby, DE24 1AE £120,000

Panama Circle, City Point, DE24 1AE - 2 views - a year ago
Sold STC
Leasehold
BTL
ROI: 7%
~57 m²
Property image

ValuationOvervalued

Sold Prices£85K - £130K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~56.85 m²
Price/m²£2.1K/m²

Value Estimate

£101,412

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£443 - £1,595

Rent Estimate

£750

Running Costs/mo

£545

Cashflow/mo

£205

Cashflow/yr

£2,460

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £85K to £130K, average is £112K. £1.2K/m² to £3.1K/m², average is £1.8K/m².

Price
Date
Distance
Address
Beds
 
£117K02/250 mi73, Panama Circle, Derby DE24 1AE2
£117K02/250 mi73, Panama Circle, Derby DE24 1AE2
£110K10/230 mi71, Panama Circle, Derby DE24 1AE2
£117K01/230.01 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£130K11/220.01 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£118.5K10/220.01 mi58, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/210.01 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/210.01 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/210.01 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£113.5K03/230.01 mi47, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K10/220.01 mi49, Panama Circle, Derby, City Of Derby DE24 1AE2
£112K11/240.02 mi60, Panama Circle, Derby DE24 1AE2
£118.5K11/240.03 mi56, Panama Circle, Derby DE24 1AE2
£118.5K11/240.03 mi56, Panama Circle, Derby DE24 1AE2
£118.5K11/240.03 mi56, Panama Circle, Derby DE24 1AE2
£112K10/220.07 mi35, Atlantic Way, Derby, City Of Derby DE24 1AB2
£110K12/230.07 mi14, Ocean Court, Derby DE24 1AN2
£97K03/220.07 mi10, Ocean Court, Derby, City Of Derby DE24 1AN2
£118K04/240.07 mi14, Atlantic Way, Derby, City Of Derby DE24 1AB2
£110K02/230.07 mi22, Atlantic Way, Derby, City Of Derby DE24 1AB2
£122.5K05/230.07 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£111K12/210.07 mi25, Atlantic Way, Derby, City Of Derby DE24 1AB2
£117.5K02/230.07 mi33, Atlantic Way, Derby, City Of Derby DE24 1AB2
£112K06/220.08 mi17, Atlantic Way, Derby, City Of Derby DE24 1AB2
£110K11/220.08 mi80, Panama Circle, Derby, City Of Derby DE24 1AE2
£118K04/240.1 mi14, Atlantic Way, Derby DE24 1AB2
£118K04/240.1 mi14, Atlantic Way, Derby DE24 1AB2
£125K08/240.11 mi6, Atlantic Way, Derby DE24 1AB2
£110K12/240.11 mi52, Magellan Way, Derby, City Of Derby DE24 1AD2
£90K09/210.11 mi40, Magellan Way, Derby, City Of Derby DE24 1AD2
£114K08/220.11 mi42, Magellan Way, Derby, City Of Derby DE24 1AD2
£113K02/250.11 mi22, Pacific Way, Derby DE24 1AA2
£113K02/250.11 mi22, Pacific Way, Derby DE24 1AA2
£110K07/250.11 mi44, Coral Close, Derby DE24 1AP2
£113K01/240.11 mi48, Coral Close, Derby DE24 1AP2
£125K11/230.12 mi60, Coral Close, Derby DE24 1AP2
£112.5K02/240.12 mi62, Coral Close, Derby, City Of Derby DE24 1AP2
£97K07/210.12 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/220.12 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/230.12 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£112.5K02/240.12 mi62, Coral Close, Derby DE24 1AP2
£89K06/240.84 mi20, Ashwood Close, Derby DE24 8XW2
£89K06/240.84 mi20, Ashwood Close, Derby DE24 8XW2
£105K06/240.93 mi74, Waterford Drive, Derby DE21 6TL2
£105K06/240.93 mi74, Waterford Drive, Derby DE21 6TL2
£85K04/240.97 mi39 Grange Court, 9, Grange Street, Derby DE23 8BH2
£85K04/240.97 mi9, 39 Grange Court, Grange Street, Derby DE23 8BH2
£87.5K08/240.97 mi39 Grange Court, 6, Grange Street, Derby DE23 8BH2
£87.5K08/240.97 mi6, 39 Grange Court, Grange Street, Derby DE23 8BH2
£93K07/220.99 mi33, Waterford Drive, Chaddesden, Derby, City Of Derby DE21 6TN2

Local Rents

50 rents from £443/mo to £1.6K/mo, average is £825/mo.

Rent
Date
Distance
Address
Beds
 
£75008/250.01 miPanama Circle, City Point2
£79509/250.01 miPanama Circle, City Point, Derby2
£85010/250.01 miPanama Circle, Derby, DE24 1AE2
£85008/250.01 miPanama Circle, Alvaston, DE242
£85009/250.01 miPanama Circle, DERBY2
£85010/250.01 miPanama Circle, Wilmorton, Derby, DE242
£79512/240.02 miPanama Circle, City Point, Derby2
£80012/240.03 miPacific Way, City Point, Derby2
£89512/240.05 miPanama Circle, Derby2
£89511/250.05 miAtlantic Way, Derby, Derbyshire, DE242
£85008/250.05 miPacific Way, City Point, Derby2
£85008/250.05 mi-2
£69508/250.05 miPacific Way, City Point, Derbys2
£80011/250.07 miPacific Way, Wilmorton2
£1,39509/250.07 mi-2
£1,59501/240.07 mi-2
£1,19510/250.07 mi-2
£82512/240.07 miPacific Way, Derby, Derbyshire, DE24 1AA2
£44308/250.07 miAtlantic Way, City Point, Derby, DERBY, DE241AB2
£85011/250.07 miJava Court, Derby, DE24 1AJ2
£79512/240.07 miAtlantic Way, Pride Park2
£77512/240.07 miAtlantic Way2
£82512/240.07 miAtlantic Way, DERBY2
£75005/250.07 miAtlantic Way, Derby, DE242
£75007/250.07 miAtlantic Way, Derby, DE242
£85009/250.07 miAtlantic Way, DERBY2
£95011/250.07 miAtlantic Way, DERBY2
£82510/250.07 miAtlantic Way, DERBY2
£60011/250.07 miAtlantic Way, Derby, DE242
£75012/240.07 miAtlantic Way, Derby, DE242
£72507/250.08 mi2 Bedroom Apartment, Pacific Way, Pride Park2
£85009/250.08 miOcean Court, Derby2
£75007/250.08 miOcean Court, City Point2
£77508/250.08 miOcean Court City Point, Pride Park2
£79510/250.08 miOcean Court, City Point2
£77509/250.08 miOcean Court, Pride Park2
£82504/240.08 mi-2
£82512/240.08 miPacific Way, Derby, DE242
£95011/250.09 mi-2
£82511/250.1 miAtlantic Way, Derby2
£85012/240.11 miMagellan Way, DERBY2
£82008/250.11 miMagellan Way, Wilmorton, Derby, DE242
£80011/250.11 miMagellan Way, DERBY2
£55008/250.11 miMagellan Way, Derby, Derbyshire, DE242
£75008/250.11 miMagellan Way, Derby2
£58507/250.12 miCoral Close, Derby, DE24 1AP2
£59008/250.12 miCORAL CLOSE, DERBY2
£90011/250.12 miCoral Close, Derby, DE24 1AP2
£1,39912/240.12 mi-2
£1,39901/250.12 mi-2

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £120,000

December 11, 2024

Floor Plans

Property image

Description

  • Two-Bedroom, Standard Construction, Second-Floor Apartment +
  • EPC Rating D +
  • Council Tax Band B +
  • Leasehold +
  • Allocated Parking Space +
  • Beautifully Presented Interior +
  • Ideal For First Time Buyer Or Investor +
  • Close To Pride Park +
  • Spacious Living Accommodation +

A very well-presented and spacious, two-bedroom, first-floor apartment located on the popular City Point development, close to Pride Park. Ideal for both investors and first time buyers, the property benefits from electric heating, uPVC double glazing, a recently updated en-suite shower room, an allocated parking space and is within walking distance of Alvaston Park and Derby Railway Station!

In brief, the accommodation comprises; Entrance hallway with a storage cupboard, a spacious lounge having a Juliette balcony, a modern fitted kitchen, two double bedrooms, en-suite shower room and a modern fitted bathroom having a three piece suite.

To the outside is one allocated parking space, bin storage and secure building entry.

Panama Circle is situated within the popular area of City Point located within Pride Park on the outskirts of Derby City Centre and is well located for a range of amenities including shops and transport links including Derby Railway Station and bus routes. Viewings are highly recommended to appreciate the accommodation on offer.

Agent Details

Hannells Estate Agents, Alvaston

01332 215518

Next Steps?

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