2 Bed Flat, Single Let, Derby, DE1 2JY, £160,000

Trinity Walk, Derby, DE1 2JY - 2 views - 4 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+10 photos

ValuationOvervalued

Sold Prices	£38K - £155K
Sold Prices/m²	£679/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£101,298£101,298

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£49,900£49,900

Cash Out
Rent Range	£895 - £1,200£895 - £1,200
Rent Estimate	£899
Running Costs/mo	£700£700
Cashflow/mo	£199£199
Cashflow/yr	£2,390£2,390
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

24 sold prices from £38K to £155K, average is £110.5K. £679/m² to £2.4K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£155K	03/23	0.23 mi	Flat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT	-	-	2	Flat
£92K	11/21	0.4 mi	19, Bloomfield Close, Derby, City Of Derby DE1 2FY	-	-	2	Flat
£90K	07/22	0.43 mi	Flat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS	-	-	2	Flat
£78.5K	08/21	0.53 mi	94, Gerard Street, Derby, City Of Derby DE1 1PH	-	-	2	Flat
£87.5K	11/20	0.53 mi	114, Gerard Street, Derby, City Of Derby DE1 1PH	£1,411	62	2	Flat
£130K	08/21	0.57 mi	4, Salisbury Street, Derby, City Of Derby DE23 6SL	-	-	2	Flat
£140K	03/23	0.63 mi	First Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF	-	-	2	Flat
£127.5K	11/20	0.69 mi	22, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£116K	05/21	0.69 mi	27, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£124K	03/21	0.7 mi	53, Farm Street, Derby, City Of Derby DE22 3UJ	-	-	2	Flat
£110K	05/22	0.7 mi	Flat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB	-	-	2	Flat
£48K	09/21	0.76 mi	Flat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£85K	06/21	0.76 mi	Flat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£114K	01/23	0.77 mi	Apartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA	-	-	2	Flat
£61.5K	03/21	0.82 mi	Flat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT	-	-	2	Flat
£42.5K	09/22	0.82 mi	Flat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£111K	07/22	0.82 mi	Flat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£38K	04/23	0.83 mi	Flat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	£679	56	2	Flat
£90K	01/23	0.83 mi	124, Northumberland Street, Derby, City Of Derby DE23 6UA	£1,169	77	2	Flat
£136K	06/21	0.83 mi	103, Parliament Street, Derby, City Of Derby DE22 3RL	£1,563	87	2	Flat
£143K	12/22	0.84 mi	100, Bridge Street, Derby, City Of Derby DE1 3LF	£1,663	86	2	Flat
£127.5K	07/21	0.86 mi	Apartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE	-	-	2	Flat
£85K	10/21	0.94 mi	12, Nuns Street, Derby, City Of Derby DE1 3LL	£1,169	73	2	Flat
£125K	12/20	0.94 mi	98b, St Chads Road, Derby, City Of Derby DE23 6RP	£2,358	53	2	Flat

Local Rents

51 rents from £895/mo to £1.2K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£925	04/24	0 mi	Castleward Court, DERBY	2	Flat
£1,050	01/24	0.01 mi	-	2	Flat
£1,050	04/24	0.01 mi	Castleward Court, Derby, DE1	2	Flat
£1,000	07/24	0.01 mi	-	2	Flat
£1,000	07/24	0.01 mi	-	2	Flat
£1,100	12/24	0.01 mi	-	2	Flat
£1,200	03/25	0.02 mi	-	2	Flat
£995	04/24	0.06 mi	Suede House	2	Flat
£975	03/24	0.06 mi	John Street, DERBY	2	Flat
£1,100	03/24	0.06 mi	Dalton House, Derby DE1 2BF	2	Flat
£995	03/24	0.06 mi	Darwin House, Nightingale Quarter	2	Flat
£1,050	03/24	0.06 mi	Billsborrow Avenue, Derby	2	Flat
£1,050	03/24	0.06 mi	Sylvester Close, Derby	2	Flat
£1,100	03/24	0.06 mi	Sylvester Road, Derby	2	Flat
£1,050	04/24	0.06 mi	Sylvester Close, Derby	2	Flat
£950	04/24	0.06 mi	Sylvester Close, Derby	2	Flat
£950	05/24	0.06 mi	Darwin House, 1 Sylvester Road	2	Flat
£1,000	03/24	0.09 mi	Suede House, 33 Castleward Boulevard, Derby, Derbyshire, DE1	2	Flat
£1,000	03/24	0.09 mi	Suede House, Castleward Boulevard	2	Flat
£950	12/24	0.13 mi	Suede House, 33 Castelward Boulevard, Derby, DE1	2	Flat
£1,150	02/25	0.13 mi	-	2	Flat
£900	03/24	0.13 mi	John Street, DERBY	2	Flat
£1,025	03/24	0.13 mi	John Street, DERBY	2	Flat
£995	05/24	0.13 mi	Suede House, 45 Castleward Boulevard, Derby, De1	2	Flat
£995	05/24	0.13 mi	Castleward Boulevard, Derby, DE1	2	Flat
£1,150	02/24	0.14 mi	-	2	Flat
£950	03/24	0.14 mi	Suede House, Castleward Boulevard, Derby, Derbyshire, DE1	2	Flat
£995	03/24	0.14 mi	Suede House, 45 John Street, Derby, DE1	2	Flat
£1,100	03/24	0.14 mi	Dalton House, Derby, DE1 2BF	2	Flat
£1,100	03/24	0.14 mi	Bilsborrow Avenue, Derby	2	Flat
£1,100	04/24	0.14 mi	Bilsborrow Avenue, Derby	2	Flat
£1,000	05/24	0.14 mi	Bilsborrow Avenue, Derby	2	Flat
£1,000	03/24	0.14 mi	45 John Street, Derby	2	Flat
£950	06/24	0.14 mi	-	2	Flat
£950	03/24	0.14 mi	Dalton House, Bilsborrow Avenue, Derby	2	Flat
£925	05/24	0.14 mi	John Street, Derby	2	Flat
£1,000	04/25	0.14 mi	-	2	Flat
£1,040	03/24	0.15 mi	Bilsborrow Avenue, Derby, DE1	2	Flat
£1,040	05/24	0.15 mi	Bilsborrow Avenue, Derby, DE1	2	Flat
£1,040	02/24	0.15 mi	-	2	Flat
£1,040	06/24	0.15 mi	-	2	Flat
£995	04/24	0.15 mi	Suede House, 45 John Street, Derby, DE1	2	Flat
£950	03/24	0.15 mi	Suede House, 33 Castleward Boulevard, Derby, DE1	2	Flat
£925	03/24	0.15 mi	Suede House, 33 Castleward Boulevard	2	Flat
£895	04/24	0.15 mi	Suede House, 33 Castleward Boulevard	2	Flat
£895	03/24	0.16 mi	Strutt House, Erasmus Drive, Derby, DE1	2	Flat
£950	03/24	0.16 mi	Strutt House, Erasmus Drive, Derby, DE1	2	Flat
£1,050	04/24	0.18 mi	-	2	Flat
£1,050	03/24	0.18 mi	Dalton House, Derby, DE1	2	Flat
£1,050	03/24	0.19 mi	Saxelbye Avenue, Derby	2	Flat
£950	05/24	0.19 mi	Saxelbye Avenue, Derby	2	Terraced House

Local Area Statistics

Population in DE1	14,04614,046
Population in Derby	308,324308,324
Town centre distance	0.27 miles away0.27 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Price changed to £160,000

March 4, 2025

Listed for £175,000

December 26, 2024

Floor Plans

Description

Modern Apartment +
Two Bedrooms +
Ensuite To Master +
Open Plan Living Kitchen +
Bathroom +
Close To City / Station +
Ideal Buy To Let / First Time Buy +
Viewing Advised +

SUMMARY
A spacious modern apartment in a sought after location close to the City Centre and Train Station offer for sale with no onward chain.

DESCRIPTION
A spacious modern apartment in a sought after location close to the City Centre and Train Station offered for sale with no onward chain. The accommodation is accessed via secure communal areas and in brief comprises a modern open plan living kitchen, master bedroom with ensuite, second guest bedroom and bathroom. The apartment would make an ideal buy to let or first time buy - vieiwngs advised.

Accommodation
Entrance Hallway
with useful storage cupboard and telephone intercom system.

Lounge 21' 4" x 12' 8" ( 6.53m x 3.86m )
two radiators, television and telephone point, two Juliet balconies with french doors. KITCHEN AREA is fitted with matching wall and base units, stainless steel drainer unit, tiled splashbacks, integrated electric oven and gas hob, stainless steel cooker hood, recessed lighting.

Bedroom One 10' 10" plus recess x 10' ( 3.30m plus recess x 3.05m )
double glazed window and radiator

En Suite
fitted with shower cubicle with shower over, partly tiled walls, heated towel radiator, wc and extractor fan.

Bedroom Two 14' 5" max. x 9' 3" ( 4.39m max. x 2.82m )
with double glazed window and radiator.

Bathroom
fitted with a contemporary three piece suite comprising panelled bath with shower over, pedestal wash hand basin, low level, extractor fan, heated towel radiator and partly tiled walls

Lease details are currently being compiled. For 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. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Ashley Adams, Derby

01332 215448

Next Steps?

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