3 Bed Terraced House, Refurb/BRRR, Derby, DE22 4JQ, £150,000

Mackworth, Derby, DE22 4JQ - 49 views - 3 months ago

Refurb/BRRR
Planning
ROI: 2%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£97K - £345K
Sold Prices/m²£1.1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£168,300
BMV2%

 

 

End Value (After Refurb)

£195,281

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£37,600

Bridging Loan Interest

£3,938

Total Cash In

£86,938

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£195,281

Mortgage (After Refinance)

£146,461

Mortgage LTV

75%

Cash Released

£33,961

Cash Left In

£52,977

Equity

£48,820

Rent Range

£770 - £2,800

Rent Estimate

£950

Running Costs/mo

£820

Cashflow/mo

£130

Cashflow/yr

£1,557

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £97K to £345K, average is £185K. £1.1K/m² to £4.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£190K12/220.03 mi22, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£190.5K01/230.04 mi23, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£230K02/230.06 mi53, Kingsbury Road, Derby, City Of Derby DE22 4JQ3
£167K03/210.07 mi13, Finchley Avenue, Derby, City Of Derby DE22 4ES3
£169.9K03/210.07 mi6, Kingsbury Road, Derby, City Of Derby DE22 4JP3
£195K09/210.08 mi17, Green Park, Derby, City Of Derby DE22 4EX3
£218K09/210.09 mi40, Reigate Drive, Derby, City Of Derby DE22 4EN3
£187K01/230.09 mi8, Isleworth Drive, Derby, City Of Derby DE22 4JR3
£145K03/210.11 mi16, Isleworth Drive, Derby, City Of Derby DE22 4JR3
£175K08/210.17 mi38, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£180K10/210.17 mi79, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£257.5K12/200.17 mi15, Woodford Road, Derby, City Of Derby DE22 4EF3
£190K07/230.17 mi49, Marylebone Crescent, Derby, City Of Derby DE22 4JX3
£215K05/230.2 mi2, Birdcage Walk, Derby, City Of Derby DE22 4LA3
£118K02/210.2 mi2, Birdcage Walk, Derby, City Of Derby DE22 4LA3
£145K03/210.22 mi73, Isleworth Drive, Derby, City Of Derby DE22 4JT3
£190K06/230.22 mi84, Finchley Avenue, Derby, City Of Derby DE22 4EU3
£135K11/200.22 mi30, Brompton Road, Derby, City Of Derby DE22 4LF3
£186K04/230.23 mi29, Harlesden Avenue, Derby, City Of Derby DE22 4EA3
£127.5K04/210.23 mi35, Harlesden Avenue, Derby, City Of Derby DE22 4EA3
£210K12/200.24 mi2, Sydenham Road, Derby, City Of Derby DE22 4EH3
£185K05/210.24 mi29, Woodford Road, Derby, City Of Derby DE22 4EG3
£203K12/220.27 mi172a, Prince Charles Avenue, Derby, City Of Derby DE22 4LQ3
£168K04/210.28 mi8, Endsleigh Gardens, Derby, City Of Derby DE22 4HE3
£185K12/200.28 mi5, Havering Close, Derby, City Of Derby DE22 4NP3
£230K05/230.29 mi1, Brompton Road, Derby, City Of Derby DE22 4LE3
£220K02/230.29 mi78, Brentford Drive, Derby, City Of Derby DE22 4BQ3
£183K11/200.3 mi65, Merton Drive, Derby, City Of Derby DE22 4JL3
£165K01/230.31 mi100, Westbourne Park, Derby, City Of Derby DE22 4GZ3
£97K08/210.32 mi80, Walthamstow Drive, Derby, City Of Derby DE22 4BR3
£97K08/210.32 mi80, Walthamstow Drive, Derby, City Of Derby DE22 4BR3
£175K09/210.34 mi9, Laburnum Grove, Kingsway, Derby, City Of Derby DE22 4AX3
£180K06/230.34 mi29, Walthamstow Drive, Derby, City Of Derby DE22 4BS3
£180K07/210.34 mi27, Walthamstow Drive, Derby, City Of Derby DE22 4BS3
£192K10/210.35 mi53, Humbleton Drive, Derby, City Of Derby DE22 4AU3
£175K10/210.36 mi18, Finsbury Avenue, Derby, City Of Derby DE22 4BT3
£138K02/210.36 mi120, Westbourne Park, Derby, City Of Derby DE22 4HB3
£171.5K05/230.38 mi26, Brentford Drive, Derby, City Of Derby DE22 4BP3
£260K11/200.39 mi47, Brackensdale Avenue, Derby, City Of Derby DE22 4AF3
£212K04/210.39 mi83, Brackensdale Avenue, Derby, City Of Derby DE22 4AF3
£100K02/210.4 mi57, Kensal Rise, Derby, City Of Derby DE22 4DB3
£345K03/230.4 mi4, Sevenoaks Avenue, Derby, City Of Derby DE22 4HU3
£219K09/210.41 mi5, Sevenoaks Avenue, Derby, City Of Derby DE22 4HU3
£285K03/230.41 mi18, Sevenoaks Avenue, Derby, City Of Derby DE22 4HU3
£190K12/220.41 mi87, Radbourne Lane, Mackworth, Derby, City Of Derby DE22 4LW3
£195K07/230.42 mi57, Radbourne Lane, Mackworth, Derby, City Of Derby DE22 4LW3
£187.5K12/200.42 mi38, Greenland Avenue, Derby, Derbyshire DE22 4AP3
£183K11/200.44 mi1, Osterley Green, Derby, City Of Derby DE22 4FZ3
£140K03/210.44 mi8, Southwark Close, Derby, City Of Derby DE22 4AL3
£130K12/200.45 mi4, Fulham Road, Derby, City Of Derby DE22 4GB3

Local Rents

10 rents from £770/mo to £2.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£2,80002/250.13 mi-3
£77012/240.18 mi-3
£97512/240.2 miCamberwell Avenue, Derby3
£1,40004/240.3 mi-3
£1,40012/240.3 miNewham Close, Derby, DE223
£1,20003/250.32 mi-3
£95002/250.38 miMayfair Crescent, DERBY3
£1,05003/250.43 mi-3
£90012/240.44 miDulwich Road, Mackworth, Derby, DE223
£78002/250.62 mi-3

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

2.21 miles away

Nearest school

0.20 miles away

Nearest train station

2.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £150,000

March 20, 2025

Price changed to £160,000

February 4, 2025

Listed for £165,000

December 26, 2024

Description

  • Three Bedroom +
  • End Of Terraced +
  • Huge Garden +
  • Amazing Potential +
  • Two Reception rooms +
  • No Chain +

This spacious three-bedroom end-of-terrace property in the sought-after area of Mackworth offers fantastic potential for anyone looking to create their perfect family home. Situated in a quiet residential street, the property boasts a long entrance with potential for off-road parking, although some renovation is required to maximise its appeal.

As you enter the property, you are greeted by a welcoming entrance hallway that provides access to the various living spaces. To the left, you'll find a generously sized lounge, which is a great space for relaxing, featuring a large window that overlooks the front garden, filling the room with natural light. Moving through double doors from the lounge, you’ll enter the dining room, providing a versatile second reception room. This space is ideal for family meals and entertaining, with the added benefit of being able to open up into the kitchen to create a fantastic open-plan kitchen-diner. The kitchen itself, while in need of modernisation, includes a useful pantry and offers scope to be transformed into a stylish and functional space.

Upstairs, the property offers three well-proportioned bedrooms. The two larger bedrooms are both spacious, with plenty of room for a double bed and additional furnishings, while the third bedroom, though smaller, is a generous size for a single room, making it ideal for a child or home office. The family bathroom includes a bath and wash hand basin, and there is also a separate WC, providing excellent potential for a modernisation project to create a more contemporary family bathroom, or alternatively, to convert both rooms into one.

The real highlight of this property is the large wraparound garden to the rear. This expansive outdoor space offers plenty of room for gardening, relaxation, and play, and there is considerable potential for extension, subject to planning permission. The garden truly provides a blank canvas for creating an ideal outdoor area, perfect for families or those looking to expand the property further.

Although the property requires some work throughout, it is the perfect opportunity for someone looking to put their own stamp on a home and create their dream property. With its spacious layout, large garden, and prime location in Mackworth, this home presents incredible potential for those willing to invest in a renovation project. Early viewing is highly recommended.

Agent Details

haart, Derby

01332 215411

Next Steps?

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