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

Atlantic Way, DERBY, DE24 1AB - a year ago
Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
Property image
Property image

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£124,161
BMV3%

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

£586

Running Costs/mo

£512

Cashflow/mo

£74

Cashflow/yr

£886

ROI

2%

Gross Yield

6%

Local Sold Prices

49 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
 
£118K04/240 mi14, Atlantic Way, Derby, City Of Derby DE24 1AB2
£110K02/230 mi22, Atlantic Way, Derby, City Of Derby DE24 1AB2
£122.5K05/230 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£111K12/210 mi25, Atlantic Way, Derby, City Of Derby DE24 1AB2
£117.5K02/230 mi33, Atlantic Way, Derby, City Of Derby DE24 1AB2
£112K06/220.01 mi17, Atlantic Way, Derby, City Of Derby DE24 1AB2
£112K10/220.01 mi35, Atlantic Way, Derby, City Of Derby DE24 1AB2
£118K04/240.04 mi14, Atlantic Way, Derby DE24 1AB2
£118K04/240.04 mi14, Atlantic Way, Derby DE24 1AB2
£110K12/240.04 mi52, Magellan Way, Derby, City Of Derby DE24 1AD2
£90K09/210.04 mi40, Magellan Way, Derby, City Of Derby DE24 1AD2
£114K08/220.04 mi42, Magellan Way, Derby, City Of Derby DE24 1AD2
£125K08/240.04 mi6, Atlantic Way, Derby DE24 1AB2
£113K02/250.04 mi22, Pacific Way, Derby DE24 1AA2
£113K02/250.04 mi22, Pacific Way, Derby DE24 1AA2
£110K12/230.04 mi14, Ocean Court, Derby DE24 1AN2
£97K03/220.04 mi10, Ocean Court, Derby, City Of Derby DE24 1AN2
£118.5K11/240.05 mi56, Panama Circle, Derby DE24 1AE2
£118.5K11/240.05 mi56, Panama Circle, Derby DE24 1AE2
£118.5K11/240.05 mi56, Panama Circle, Derby DE24 1AE2
£112K11/240.06 mi60, Panama Circle, Derby DE24 1AE2
£110K10/220.06 mi49, Panama Circle, Derby, City Of Derby DE24 1AE2
£118.5K10/220.06 mi58, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/210.06 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/210.06 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/210.06 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£113.5K03/230.06 mi47, Panama Circle, Derby, City Of Derby DE24 1AE2
£125K11/230.06 mi60, Coral Close, Derby DE24 1AP2
£113K01/240.06 mi48, Coral Close, Derby DE24 1AP2
£112.5K02/240.06 mi62, Coral Close, Derby DE24 1AP2
£110K07/250.07 mi44, Coral Close, Derby DE24 1AP2
£130K11/220.07 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£117K01/230.07 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K11/220.07 mi80, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K10/230.07 mi71, Panama Circle, Derby DE24 1AE2
£117K02/250.07 mi73, Panama Circle, Derby DE24 1AE2
£117K02/250.07 mi73, Panama Circle, Derby DE24 1AE2
£112.5K02/240.08 mi62, Coral Close, Derby, City Of Derby DE24 1AP2
£97K07/210.08 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/220.08 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/230.08 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£89K06/240.77 mi20, Ashwood Close, Derby DE24 8XW2
£89K06/240.77 mi20, Ashwood Close, Derby DE24 8XW2
£85K04/240.92 mi39 Grange Court, 9, Grange Street, Derby DE23 8BH2
£85K04/240.92 mi9, 39 Grange Court, Grange Street, Derby DE23 8BH2
£87.5K08/240.92 mi39 Grange Court, 6, Grange Street, Derby DE23 8BH2
£87.5K08/240.92 mi6, 39 Grange Court, Grange Street, Derby DE23 8BH2
£96.5K09/230.96 mi83, Baseball Drive, Derby DE23 8NE2
£92K11/210.98 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2

Local Rents

50 rents from £443/mo to £1.6K/mo, average is £823/mo.

Rent
Date
Distance
Address
Beds
 
£79512/240 miAtlantic Way, Pride Park2
£77512/240 miAtlantic Way2
£82512/240 miAtlantic Way, DERBY2
£75005/250 miAtlantic Way, Derby, DE242
£75007/250 miAtlantic Way, Derby, DE242
£85009/250 miAtlantic Way, DERBY2
£95011/250 miAtlantic Way, DERBY2
£82510/250 miAtlantic Way, DERBY2
£60011/250 miAtlantic Way, Derby, DE242
£75012/240 miAtlantic Way, Derby, DE242
£1,19510/250 mi-2
£1,39509/250.01 mi-2
£44308/250.02 miAtlantic Way, City Point, Derby, DERBY, DE241AB2
£89511/250.03 miAtlantic Way, Derby, Derbyshire, DE242
£95011/250.03 mi-2
£89512/240.03 miPanama Circle, Derby2
£1,59501/240.04 mi-2
£85012/240.04 miMagellan Way, DERBY2
£82008/250.04 miMagellan Way, Wilmorton, Derby, DE242
£80011/250.04 miMagellan Way, DERBY2
£82511/250.04 miAtlantic Way, Derby2
£55008/250.04 miMagellan Way, Derby, Derbyshire, DE242
£75007/250.04 miOcean Court, City Point2
£77508/250.04 miOcean Court City Point, Pride Park2
£79510/250.04 miOcean Court, City Point2
£77509/250.04 miOcean Court, Pride Park2
£75008/250.05 miMagellan Way, Derby2
£85011/250.05 miJava Court, Derby, DE24 1AJ2
£90010/230.05 miMagellan Way, Derby2
£79512/240.05 miPanama Circle, City Point, Derby2
£85009/250.06 miOcean Court, Derby2
£85010/250.06 miPanama Circle, Derby, DE24 1AE2
£85008/250.06 miPanama Circle, Alvaston, DE242
£85009/250.06 miPanama Circle, DERBY2
£85010/250.06 miPanama Circle, Wilmorton, Derby, DE242
£79509/250.07 miPanama Circle, City Point, Derby2
£75008/250.07 miPanama Circle, City Point2
£82512/240.08 miPacific Way, Derby, Derbyshire, DE24 1AA2
£58507/250.08 miCoral Close, Derby, DE24 1AP2
£59008/250.08 miCORAL CLOSE, DERBY2
£90011/250.08 miCoral Close, Derby, DE24 1AP2
£1,39912/240.08 mi-2
£1,39901/250.08 mi-2
£1,45007/250.08 mi-2
£90011/250.08 mi-2
£80011/250.09 miPacific Way, Wilmorton2
£72507/250.09 mi2 Bedroom Apartment, Pacific Way, Pride Park2
£77507/250.11 miHarrow Street, Wilmorton, Derby2
£80012/240.11 miPacific Way, City Point, Derby2
£75001/250.11 mi-2

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Price changed to £120,000

March 20, 2025

Listed for £130,000

December 26, 2024

Floor Plans

Property image

Description

  • Sought after area +
  • Great transport links +
  • Ground floor apartment +
  • Allocated parking +
  • Modern bathroom +
  • Open-plan living space +

SUMMARY
We are pleased to offer to the market this two bedroom property in the popular location of City Point. The property is only a short walk from the local shops, Pride Park and transport links. Popular location for access to Derby, Nottingham and the M1.

DESCRIPTION
Located in the sought-after City Point Development is this well-presented and spacious two-bedroom ground-floor apartment. This property offers a light-filled living space, modern bathroom, allocated parking, and two generously sized bedrooms.

Entrance Hallway 
The property is accessed via entrance door to the side. A radiator, two storage cupboards, one of which houses the boiler.

Kitchen 8' 3" x 6' 1" ( 2.51m x 1.85m )
The kitchen is equipped with a range of wall units and kitchen units, complemented by a matching worktop and an inset stainless steel sink, It features a single integrated oven, an inducion hob and a free standing washing machine. Additonally, there is space and plumbing avaibale for a dishwasher

Lounge Irregular Shaped Room 16' 4" x 10' 8" ( 4.98m x 3.25m )
The lounge features two UPVC double-glazed windows on the front elevation, allowing plenty of natural light. It includes a storage heater for added comfort and has open acces to the kitchen.

Bedroom One 16' 6" x 9' 4" ( 5.03m x 2.84m )
This room features a UPVC double-glazed window to the rear elevation, providing natural light. It is finished with carpeted flooring and a radiator for added warmth.

Bedroom Two 13' 3" x 6' 8" ( 4.04m x 2.03m )
This room also features a UPVC double-glazed window to the rear elevation, providing natural light. It is finished with carpeted flooring and a radiator for added warmth.

Bathroom 
The bathroom is fitted with a low-level W.C, a vanity wash hand basin and a shower cubicle. You'll find added features such as a heated towel rail and underfloor heating. With fully tiled walls and flooring, providing a sleek, modern finish.

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: Connells 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: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Hall & Benson, Spondon

01332 215175

Next Steps?

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