4 Bed Terraced House, Refurb/BRRR, Belper, DE56 1FY, £225,000

Cheapside, Belper, DE56 1FY - 5 views - 4 months ago

Auction
Refurb/BRRR
~129 m²
+12 photos

ValuationUndervalued

Sold Prices£129.5K - £785K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£231,750
BMV3%

 

 

End Value (After Refurb)

£329,738

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£52,463

Bridging Loan Interest

£5,906

Total Cash In

£124,319

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£329,738

Agent Fees (1%)

£3,297

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£33,371

Local Sold Prices

42 sold prices from £129.5K to £785K, average is £315K. £1.4K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£435K04/230.14 mi21, Albert Street, Belper, Derbyshire DE56 1DA4
£282.5K02/230.19 mi14, Brooke Close, Belper, Derbyshire DE56 1SY4
£289.9K05/210.21 mi5, Primary Close, Belper, Derbyshire DE56 1FU4
£335K05/210.21 mi19, St Laurence Gardens, Belper, Derbyshire DE56 1HH4
£300K12/200.21 mi18, St Laurence Gardens, Belper, Derbyshire DE56 1HH4
£300K02/230.24 mi28, Parkside, Belper, Derbyshire DE56 1HY4
£285K09/210.26 mi12, Leighton Way, Belper, Derbyshire DE56 1SX4
£265K06/210.26 mi4, Leighton Way, Belper, Derbyshire DE56 1SX4
£260K03/210.26 mi8, Leighton Way, Belper, Derbyshire DE56 1SX4
£335.9K09/210.32 mi10, Springwood Gardens, Belper, Derbyshire DE56 1JR4
£525K05/230.34 mi29, Mill Lane, Belper, Derbyshire DE56 1LG4
£315K03/230.38 mi28, Hillside Rise, Belper, Derbyshire DE56 1NH4
£305K12/200.39 mi15a, Valley View, Belper, Derbyshire DE56 1PG4
£321.5K12/200.43 mi24, Spencer Road, Belper, Derbyshire DE56 1JY4
£315K12/210.45 mi33, Stanton Avenue, Belper, Derbyshire DE56 1EE4
£345K12/200.45 mi15, Stanton Avenue, Belper, Derbyshire DE56 1EE4
£280K12/220.47 mi89, Holbrook Road, Belper, Derbyshire DE56 1PB4
£352K01/230.48 mi5, Milldale Court, Belper, Derbyshire DE56 1RP4
£129.5K01/210.48 mi79, Wheeldon Avenue, Belper, Derbyshire DE56 1GX4
£205K08/210.49 mi24, Bargate Road, Belper, Derbyshire DE56 1NF4
£186.5K11/200.5 mi60, Acorn Drive, Belper, Derbyshire DE56 1EL4
£290K02/210.51 mi7, Barley Croft, Belper, Derbyshire DE56 1RR4
£746.5K06/210.64 miChevin Mill House, The Meadows, Belper, Derbyshire DE56 2UL4
£550K02/230.65 mi14a, Laund Nook, Belper, Derbyshire DE56 1GY4
£295K06/230.66 mi4, Litton Close, Belper, Derbyshire DE56 1EW4
£389.9K03/210.7 mi9, Lodge Drive, Belper, Derbyshire DE56 2TP4
£297.5K05/210.7 mi30, Lodge Drive, Belper, Derbyshire DE56 2TP4
£235K09/210.71 mi25, Coronation Avenue, Belper, Derbyshire DE56 1ER4
£340K07/210.71 mi26, Ladywood Avenue, Belper, Derbyshire DE56 1HS4
£442.5K02/210.76 mi45, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ4
£785K03/230.77 miFarnah View, Queens Drive, Belper, Derbyshire DE56 2TJ4
£310K07/210.81 mi4, Laund Close, Belper, Derbyshire DE56 1ET4
£359.9K12/210.84 mi29, Bobbin Way, Belper, Derbyshire DE56 0GX4
£300K12/200.9 mi14b, Knowl Avenue, Belper, Derbyshire DE56 2TL4
£275K06/210.91 mi35, Pinewood Road, Belper, Derbyshire DE56 2TS4
£320K01/210.94 mi16, Orton Way, Belper, Derbyshire DE56 1UB4
£353K06/230.94 mi23, Gregorys Way, Belper, Derbyshire DE56 0HS4
£390K03/210.94 mi5, Gregorys Way, Belper, Derbyshire DE56 0HS4
£305K05/210.94 mi32, Gregorys Way, Belper, Derbyshire DE56 0HS4
£400K04/230.96 mi8, Merlin Close, Belper, Derbyshire DE56 0QL4
£355K12/220.96 mi17, Gregorys Way, Belper, Derbyshire DE56 0HS4
£410K01/210.98 mi4, Haslam Place, Belper, Derbyshire DE56 0AG4

Local Rents

17 rents from £760/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£85012/240.02 miQueen Street, Belper3
£95012/240.17 miGreen Lane, Belper, Derby3
£1,00012/240.18 miGreen Lane, Belper, Derbyshire, DE563
£90012/240.29 miChesterfield Road, Belper, Derbyshire, DE563
£90012/240.35 miAlder Road, BELPER3
£89512/240.49 miWindmill Lane, Belper3
£89512/240.54 miSycamore Croft, Belper3
£90012/240.56 miMarsh Lane, Belper, Derbyshire, DE563
£1,15012/240.57 miThornhill Avenue, Belper4
£1,20001/250.65 mi-3
£1,20012/240.66 miClan Drive, Belper, Derby, DE56 1RB3
£76009/230.74 mi-3
£80012/241.03 miFar Laund, Belper3
£1,45012/241.11 mi-3
£1,50003/251.11 mi-3
£1,45012/241.11 miBlackbird Row, Belper, DE563
£1,20012/241.13 miNorbury Way, Belper, Derbyshire, DE564

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.36 miles away

Nearest school

0.40 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £225,000

December 26, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • NO CHAIN +
  • Situated in the heart of Belper +
  • Requires modernisation +
  • Four double bedrooms +
  • Two reception rooms +

SUMMARY
NO CHAIN | Requires modernisation | Situated in the heart of Belper | Spacious accommodation | Two reception rooms | Four double bedrooms |Cellar | Low maintenance rear garden | Viewings are strongly advised

DESCRIPTION
Offered for sale with NO UPWARD CHAIN is this deceptively spacious four bedroom Grade II listed property situated in the heart of Belper town centre. The accommodation requires modernisation and in brief comprises; entrance hall, lounge, dining room, kitchen and a cellar while to the first floor there are four double bedrooms and a bathroom. Outside there is a small frontage with a low maintenance garden to the rear. A viewing is strongly recommended to appreciate the size of the accommodation on offer.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hallway  
Accessed via a timber door to the front elevation and having Minton tiled flooring, central heating radiator and stairs rising to the first floor landing.

Lounge/ Diner  25' 10" x 9' 8" Max ( 7.87m x 2.95m Max )
Having sash window to the front elevation, window to the rear, feature fireplace housing an electric fire, two central heating radiators, coving to the ceiling.

Sitting Room 13' 8" x 10' 6" Max ( 4.17m x 3.20m Max )
Having sash window to the front elevation, feature fireplace, central heating radiator and coving to the ceiling.

Kitchen 12' 4" x 11' 7" ( 3.76m x 3.53m )
Fitted with a range of matching wall and base units with work surfaces over, quarry tiled flooring, window and door to the rear elevation.

Cellar 
Staircase leads down to two vaulted cellars.

First Floor Landing 
Having loft access.

Bedroom One 10' Max x 8' 5" ( 3.05m Max x 2.57m )
Having sash window to the front elevation and central heating radiator.

Bedroom Two 9' 8" Max x 8' 5" ( 2.95m Max x 2.57m )
Having sash window to the front elevation and central heating radiator.

Bedroom Three 8' 4" x 11' 9" ( 2.54m x 3.58m )
Having window to the rear elevation, central heating radiator and cupboard housing the Baxi combination boiler providing the property with domestic central heating and hot water.

Bedroom Four 11' 8" x 7' 4" ( 3.56m x 2.24m )
Having window to the rear elevation and central heating radiator.

Outside 
Both the front and rear garden are low maintenance and paved.

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

Burchell Edwards, Belper

01773 302204

Next Steps?

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