2 Bed Flat, Single Let, Derby, DE1 3BL, £180,000

The School Yard, Derby, DE1 3BL - 4 months ago

Leasehold
BTL
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£30K - £162.5K
Sold Prices/m²£545/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£115,922

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£412 - £2,395

Rent Estimate

£646

Running Costs/mo

£712

Cashflow/mo

£-66

Cashflow/yr

£-788

Gross Yield

4%

Local Sold Prices

44 sold prices from £30K to £162.5K, average is £116.5K. £545/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£61.5K03/210.11 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£114K01/230.12 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£127.5K11/200.19 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.19 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£143K12/220.26 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£85K10/210.32 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£127.5K07/210.33 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£140K03/230.46 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£42K11/220.49 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.49 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.49 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£135K08/220.51 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£124.5K06/230.55 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.55 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.55 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/220.55 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.55 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/210.55 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.55 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.55 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/220.55 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£30K02/210.59 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.59 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£102.5K10/200.59 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£48K09/210.61 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.61 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£42.5K09/220.64 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.64 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.64 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£162.5K04/210.67 miApartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY2
£90K07/220.69 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£150K10/200.75 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£78.5K08/210.78 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.78 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£110K05/220.81 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£136K06/210.86 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£135K09/220.87 mi34, Kniveton Close, Derby, City Of Derby DE22 3BB2
£155K03/230.9 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£78K01/210.91 mi31, Moray Walk, Derby, City Of Derby DE21 6BR2
£124K03/210.93 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£157K05/210.95 mi2, Darley Street, Darley Abbey, Derby, City Of Derby DE22 1DX2
£130K06/210.97 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£158K03/230.97 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£149K02/230.97 mi104, Highfields Park Drive, Derby, City Of Derby DE22 1JU2

Local Rents

51 rents from £412/mo to £2.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£80004/240.04 mi-2
£65003/240.04 mi4 The Stables, Arthur Street, Derby, Derbyshire, DE12
£95002/240.05 mi-2
£65003/240.07 miNorth Parade, Derby2
£95010/230.07 miHandyside Street, Derby, Derbyshire, DE12
£64503/240.07 miKings Court, Arthur Street, Derby, DE1 3DH 2
£75004/240.07 mi-2
£75003/240.07 miSt Mary’S Court, Derby, DE12
£95006/240.08 mi-2
£95012/240.08 mi-2
£95012/240.08 mi-2
£95012/240.08 mi-2
£85002/250.08 mi-2
£95002/250.08 mi-2
£99502/250.08 mi-2
£95002/250.08 mi-2
£95002/250.08 mi-2
£85002/250.08 mi-2
£95002/250.08 mi-2
£85003/250.08 mi-2
£79503/250.08 mi-2
£90004/250.08 mi-2
£97504/250.08 mi-2
£85004/250.08 mi-2
£87503/250.08 mi-2
£90004/250.08 mi-2
£95005/240.08 miKing's Crescent Apartments, Derby, DE12
£70003/240.08 miSt. Marys Court, Duke Street, Derby, DE1 3DD2
£41203/240.08 miNorthgate, North Street, Derby2
£99502/240.09 mi-2
£99503/240.09 miKings Crescent Apartments, Derby, DE12
£99504/240.09 mi-2
£99503/240.09 miKing's Crescent Apartments, Derby, DE12
£95004/240.09 mi-2
£95003/240.09 miKing's Crescent Apartments, Derby, DE12
£99504/240.09 miKing's Crescent Apartments, Derby, DE12
£95004/240.09 miKing's Crescent Apartments, Derby, DE12
£2,39504/240.11 mi-2
£2,39503/240.11 mi-2
£2,39504/240.11 mi-2
£2,39505/240.11 mi-2
£2,39505/240.11 mi-2
£2,39505/240.11 mi-2
£2,39512/240.11 mi-2
£2,39512/240.11 mi-2
£66304/240.11 miKing Street, Derby, Derbyshire, DE12
£85003/240.12 miWaterside House, Derby2
£85003/240.12 miApartment 13, Waterside House, Duke Street, Derby2
£85003/240.12 miApartment 13, Waterside House, Duke Street, Derby2
£54203/240.14 mi Students 2024/25 - Duffield Road, Derby, DE1 3BB LOW SECURITY DEPOSIT 2
£97503/250.15 mi-2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.90 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

December 26, 2024

Floor Plans

Description

  • Top-floor apartment in a secure gated development. +
  • Two double bedrooms, including one with an en suite. +
  • Modern open-plan kitchen/lounge/diner. +
  • Stylish Jack & Jill three-piece bathroom. +
  • Allocated garage for secure parking. +
  • Gas central heating and double glazing throughout. +
  • . Spacious living accommodation with a contemporary finish. +
  • Prime location close to Derby's Cathedral Quarter. +

SUMMARY
A stylish two-bedroom, top-floor apartment in a secure gated development near Derby's Cathedral Quarter. Featuring spacious living accommodation, a modern kitchen/lounge/diner, an en suite, and an allocated garage, this property is perfect for those seeking city living with added convenience.

DESCRIPTION
Situated within a secure gated development, this well-presented top-floor apartment offers contemporary living with two spacious double bedrooms, including one with an en suite. The modern, open-plan kitchen/lounge/diner provides the perfect space for entertaining, while the stylish Jack & Jill bathroom ensures functionality and convenience. Additional benefits include gas central heating, double glazing, and an allocated garage. Located close to Derby's vibrant Cathedral Quarter, with its array of trendy bars, restaurants, and shops, this property combines a prime location with modern comforts. Ideal for first-time buyers, professionals, or investors, an internal viewing is highly recommended to fully appreciate what's on offer.

The School Yard development is ideally situated near Derby's historic and vibrant Cathedral Quarter, known for its bustling mix of independent shops, cafes, bars, and restaurants. Residents benefit from excellent transport links and proximity to key city amenities, including parks, cultural attractions, and shopping centers. This sought-after location is perfect for those seeking a dynamic urban lifestyle with a touch of charm and convenience.

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. 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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