2 Bed Flat, Single Let, Derby, DE1 3BA, £110,000

Duke Street, Derby, DE1 3BA - 1 views - 4 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£30K - £162.5K
Sold Prices/m²£545/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£118,590
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£412 - £2,395

Rent Estimate

£646

Running Costs/mo

£493

Cashflow/mo

£153

Cashflow/yr

£1,837

ROI

6%

Gross Yield

7%

Local Sold Prices

41 sold prices from £30K to £162.5K, average is £116K. £545/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£114K01/230 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£61.5K03/210.05 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£127.5K11/200.11 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.11 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£143K12/220.38 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£135K08/220.4 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£85K10/210.43 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£124.5K06/230.44 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.44 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.44 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/220.44 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.44 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/210.44 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.44 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.45 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/220.45 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£127.5K07/210.45 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£30K02/210.48 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.48 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£140K03/230.57 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£42K11/220.6 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.6 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.6 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£162.5K04/210.7 miApartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY2
£48K09/210.72 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.72 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£110K05/220.72 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£42.5K09/220.75 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.75 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/230.76 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£90K07/220.78 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£78K01/210.8 mi31, Moray Walk, Derby, City Of Derby DE21 6BR2
£78.5K08/210.87 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.87 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£157K05/210.88 mi2, Darley Street, Darley Abbey, Derby, City Of Derby DE22 1DX2
£155K03/230.89 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£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
£135K09/220.97 mi34, Kniveton Close, Derby, City Of Derby DE22 3BB2
£136K06/210.98 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2

Local Rents

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

RentDateDistanceAddressBeds 
£85003/240.01 miWaterside House, Derby2
£85003/240.01 miApartment 13, Waterside House, Duke Street, Derby2
£85003/240.01 miApartment 13, Waterside House, Duke Street, Derby2
£95010/230.09 miHandyside Street, Derby, Derbyshire, DE12
£65003/240.09 miNorth Parade, Derby2
£79504/240.11 miApartment 28 City Walk, City Road, Chester Green, Derby, DE1 3QD2
£85005/240.11 miCity Walk, Derby, DE1 3QD2
£75003/240.11 miSt Mary’S Court, Derby, DE12
£75004/240.11 mi-2
£70003/240.12 miSt. Marys Court, Duke Street, Derby, DE1 3DD2
£41203/240.14 miNorthgate, North Street, Derby2
£95004/250.15 mi-2
£65003/240.16 mi4 The Stables, Arthur Street, Derby, Derbyshire, DE12
£80004/240.16 mi-2
£64503/240.16 miKings Court, Arthur Street, Derby, DE1 3DH 2
£95002/240.16 mi-2
£95006/240.19 mi-2
£95012/240.19 mi-2
£95012/240.19 mi-2
£95012/240.19 mi-2
£85002/250.19 mi-2
£95002/250.19 mi-2
£99502/250.19 mi-2
£95002/250.19 mi-2
£95002/250.19 mi-2
£85002/250.19 mi-2
£95002/250.19 mi-2
£85003/250.19 mi-2
£79503/250.19 mi-2
£90004/250.19 mi-2
£97504/250.19 mi-2
£85004/250.19 mi-2
£87504/250.19 mi-2
£90004/250.19 mi-2
£95005/240.19 miKing's Crescent Apartments, Derby, DE12
£99504/240.2 mi-2
£99503/240.2 miKing's Crescent Apartments, Derby, DE12
£95004/240.2 mi-2
£95003/240.2 miKing's Crescent Apartments, Derby, DE12
£99504/240.2 miKing's Crescent Apartments, Derby, DE12
£95004/240.2 miKing's Crescent Apartments, Derby, DE12
£99502/240.2 mi-2
£99503/240.2 miKings Crescent Apartments, Derby, DE12
£99504/250.2 mi-2
£2,39504/240.21 mi-2
£2,39503/240.21 mi-2
£2,39504/240.21 mi-2
£2,39505/240.21 mi-2
£2,39505/240.21 mi-2
£2,39505/240.21 mi-2
£2,39512/240.21 mi-2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.95 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 £110,000

January 2, 2025

Floor Plans

Description

  • Top Floor Apartment +
  • Open Plan Living Kitchen +
  • Two Double Bedrooms with Wardrobes +
  • Bathroom & En Suite +
  • Balcony & Allocated Parking +

SUMMARY
This top floor apartment is being offered for sale with no onward chain. Situated within easy access of Derby City Centre, Darley Abbey Park and a wide range of amenities and leisure facilities. Viewing is highly recommended.

DESCRIPTION
This top floor apartment located in this sought after central spot within Waterside House, located close to Darley Abbey Park. This superb apartment is being offered for sale with no onward chain and would make a great first home, convenient and low-maintenance bolt-hole or investment purchase. In brief the living accommodation comprises communal entrance with lift and stairs to all floor, entrance hallway, open plan living kitchen, two bedrooms, en suite and bathroom.
Waterside House is located within easy access of Derby City and the wide range of shops amenities and leisure facilities that are on offer. The train station, bus station and Derby University can be easily reached. There is swift access to major road networks including the A52, A38, A50 and M1 Motorway.

Hallway 

Open Plan Living Room/ Kitchen 
Large living area with double glazed windows and patio doors to River. Neutrally decorated with hardwood flooring. The kitchen is separated by a half height wall and comprises of a range of wall, base and drawer units, built in oven, grill and electric hob, an integrated fridge and freezer, integrated washing machine, integrated dishwasher, stainless steel inset sink with mixer tap.

Bedroom One 
A large room with access to the en suite, an integrated wardrobe. This room also has patio doors leading onto the balcony and overlooks the River Derwent.

En Suite 
A three piece suite comprising of walk in shower cubicle, low level WC, wash hand basin with mirror over and full height tile.

Bedroom Two 
A second double room with large integrated wardrobe its own doors to the balcony

Bathroom 
A modern three piece suite comprising of large bath with shower attachment, low level WC and ceramic wash hand basin.

Outside 
One allocated parking space in a gated car park. The apartment benefits from a large balcony.

We currently hold lease details as displayed above, should you require 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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