2 Bed Flat, Single Let, Derby, DE23 6AY, £150,000

The Orchards, 317 Burton Road, Derby, Derbyshire, DE23 6AY - 3 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£38K - £179K
Sold Prices/m²£679/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£112,565

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£700 - £2,450

Rent Estimate

£875

Running Costs/mo

£664

Cashflow/mo

£211

Cashflow/yr

£2,535

ROI

6%

Gross Yield

7%

Local Sold Prices

33 sold prices from £38K to £179K, average is £109K. £679/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£125K12/200.21 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£122.5K08/210.35 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£170.5K09/220.35 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K04/210.36 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.36 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.36 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.36 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.36 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.36 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£90K01/230.37 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£100K11/210.38 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£95K10/210.41 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.41 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£124K03/210.42 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£136K06/210.5 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£95K03/210.52 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£130K08/210.53 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£80K02/230.54 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£78.5K08/210.61 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.61 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£90K07/220.72 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£109K10/220.72 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.72 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£38K04/230.76 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£85K06/210.77 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£42.5K09/220.77 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.77 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£48K09/210.77 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£86K08/220.87 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£70K11/200.87 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2
£140K03/230.88 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£92.5K08/210.9 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£179K05/211 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2

Local Rents

50 rents from £700/mo to £2.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89512/240.01 mi-2
£77503/240.11 mi100 Whitaker Road, Derby, DE232
£1,15011/240.14 mi-2
£1,25012/240.19 mi-2
£1,25012/240.19 mi-2
£75001/240.21 mi-2
£80001/250.21 mi-2
£76001/250.24 mi-2
£90012/240.25 mi-2
£77512/240.29 mi-2
£95001/240.3 mi-2
£79512/240.31 mi-2
£2,45001/250.32 mi-2
£85002/250.34 mi-2
£80012/240.34 mi-2
£80002/240.35 mi-2
£80012/240.35 miVale Mills, Derby, DE222
£80012/240.35 mi-2
£90002/240.35 mi-2
£90012/240.35 mi-2
£90012/240.35 mi-2
£90001/250.35 mi-2
£90002/250.35 mi-2
£90003/250.35 mi-2
£89503/240.36 miPriory Heights Court, Derby, Derbyshire, DE23 6AX2
£85001/250.36 mi-2
£85003/240.36 miAlmond Street2
£82512/240.36 mi-2
£77503/240.36 mi-2
£77512/240.36 mi-2
£89512/240.36 mi-2
£85011/240.37 mi-2
£79511/240.37 mi-2
£1,08312/240.37 miDean Street, Derby, 2
£95005/240.38 mi-2
£95012/240.38 mi-2
£95001/250.38 mi-2
£95001/250.38 mi-2
£75012/240.38 miRiddings Street, Derby, DE222
£85002/240.38 mi-2
£75012/240.38 mi-2
£70003/240.39 miBelvoir Street, Derby, Derbyshire2
£77512/240.4 miStockbrook Road, Derby2
£1,00003/240.42 miFox House, Erasmus Drive2
£1,05003/240.42 miErasmus Drive, Derby2
£1,10003/240.42 miFox House, 2 Erasmus Drive, DE1 2ES2
£1,02503/240.42 miFox house, Erasmus Drive, Derby DE1 2EL2
£1,05004/240.42 miErasmus Drive, Derby2
£1,00004/240.42 miErasmus Drive, Derby2
£95005/240.42 miFox House, 2 Erasmus Drive DE1 2EL2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £150,000

December 24, 2024

Floor Plans

Description

  • Two bedrooms +
  • Top floor apartment +
  • En suite to master +
  • Well presented +
  • Allocated parking +
  • Secure entry system +
  • Double glazing +
  • Good local amenities +
  • Ideal for investment +
  • Tenant in situ or with vacant possession +

A spacious top floor apartment offering two bedrooms, lounge diner, en-suite to the master bedroom and allocated parking, being sold with no upward chain or with a tenant in situ. The property is currently generating annual gross income of £10,500. Located within the Littleover Community School catchment area and with great access to the city centre, the property benefits from gas central heating and double glazing. The apartment boasts a welcoming hallway, lounge diner, modern fitted kitchen, two good sized bedrooms, en-suite to the master bedroom and a family bathroom. Outside there is communal gardens and one allocated parking space. Viewing is essential.

Located on Burton road, it is close enough to the city centre to be able to benefit from the host of amenities found there. There are also shops in the local vicinity along with regular bus services and good road links to all the major road networks.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪