3 Bed Semi-Detached House, Refurb/BRRR, Belper, DE56 1GX, £210,000

Wheeldon Avenue, Belper, DE56 1GX - 2 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+10 photos

ValuationFair Value

Sold Prices£188K - £503K
Sold Prices/m²£2K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£212,100

 

 

End Value (After Refurb)

£275,756

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£37,747

Bridging Loan Interest

£5,513

Total Cash In

£105,010

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£275,756

Agent Fees (1%)

£2,758

Bridging Loan

£157,500

Bridging Loan Interest

£5,513

Flip Profit

£10,489

Local Sold Prices

50 sold prices from £188K to £503K, average is £265K. £2K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£280K02/210 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£220K07/210.06 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£450K02/230.08 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.08 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£318K02/210.08 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.08 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.08 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£280K10/210.09 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£267K02/210.12 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£275K06/230.15 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.15 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£250K03/230.16 mi86, Nottingham Road, Belper, Derbyshire DE56 1JH3
£225K01/230.16 mi139, Nottingham Road, Belper, Derbyshire DE56 1JH3
£193K12/200.19 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£310K12/200.2 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£225K12/200.21 mi10, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£260K03/230.21 mi20, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£250K07/230.21 mi39, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£263K12/220.23 mi14, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£300K12/220.23 mi6, Church View, Belper, Derbyshire DE56 1JB3
£330K06/230.23 mi4, Church View, Belper, Derbyshire DE56 1JB3
£325K05/210.24 mi10, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£350K03/210.24 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£215K03/230.24 mi1, Nottingham Road, Belper, Derbyshire DE56 1JG3
£224.4K12/210.26 mi16, St Johns Road, Belper, Derbyshire DE56 1JE3
£310K07/230.26 mi22, St Johns Road, Belper, Derbyshire DE56 1JE3
£290K02/210.26 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£188K08/210.26 mi25, High Street, Belper, Derbyshire DE56 1GF3
£210K06/230.26 mi18, High Street, Belper, Derbyshire DE56 1GF3
£232K02/230.27 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£258K12/200.28 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.28 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.28 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.28 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£286K07/230.28 mi12, Short Street, Belper, Derbyshire DE56 1JU3
£295K09/210.3 mi81, Parkside, Belper, Derbyshire DE56 1HY3
£265K05/210.31 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£365K12/200.32 mi22, The Butts, Belper, Derbyshire DE56 1HX3
£191K11/200.33 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.33 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£280K02/210.33 mi18, Bullsmoor, Belper, Derbyshire DE56 1JS3
£225K01/230.33 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£272.5K03/230.35 mi38, Mill Lane, Belper, Derbyshire DE56 1LG3
£210K08/210.35 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£275K05/230.36 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3
£215K12/220.38 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£200K10/210.38 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£312K09/210.38 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£265K06/230.38 mi55, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.38 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3

Local Rents

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

RentDateDistanceAddressBeds 
£90012/240.09 miMarsh Lane, Belper, Derbyshire, DE563
£89512/240.12 miWindmill Lane, Belper3
£76009/230.27 mi-3
£90012/240.29 miChesterfield Road, Belper, Derbyshire, DE563
£95012/240.4 miGreen Lane, Belper, Derby3
£1,00012/240.4 miGreen Lane, Belper, Derbyshire, DE563
£85012/240.48 miQueen Street, Belper3
£90012/240.49 miAlder Road, BELPER3
£80012/240.58 miFar Laund, Belper3
£89512/240.66 miSycamore Croft, Belper3
£1,00012/240.91 miBrafield Close, Belper3
£95012/241 miCook Close, Belper3
£1,20001/251.03 mi-3
£1,20012/241.04 miClan Drive, Belper, Derby, DE56 1RB3
£1,45012/241.21 mi-3
£1,50002/251.21 mi-3
£1,45012/241.21 miBlackbird Row, Belper, DE563

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £210,000

December 26, 2024

Floor Plans

Description

  • Semi Detached Home +
  • 3 Bedrooms & 2 Receptions Rooms +
  • In Need of Complete Refurbishment +
  • Quiet Residential Location +
  • Front & Rear Gardens +
  • Potential Parking (Subject To Planning) +
  • Ideal First Home +
  • No Chain +
  • COUNCIL TAX BAND B +

New to the market and offered with no chain is this 1950s three bedroom semi detached property in need of modernisation. The property is located on a quiet residential area and offers front and rear gardens, potential driveway (Subject To Planning ) and scope to improve. We believe the property would make an ideal first time buyer or buyer having the appetite for home renovations.

Agent Details

Derbyshire Properties, Belper

01773 302133

Next Steps?

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