2 Bed Semi-Detached House, Cash/Bridging Only, Derby, DE21 6DJ, £75,000

1 Cornwall Road, Derby DE21 6DJ - 2 views - 2 months ago

Sold STC
Auction
Cash
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£75K - £265K
Sold Prices/m²£675/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£77,250
BMV3%

 

 

End Value (After Refurb)

£145,168

Uplift in Value

+94%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£27,537

Bridging Loan Interest

£1,969

Total Cash In

£53,456

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£145,168

Agent Fees (1%)

£1,452

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£34,010

Local Sold Prices

50 sold prices from £75K to £265K, average is £138.5K. £675/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£111K08/230 mi26, Cornwall Road, Derby, City Of Derby DE21 6DJ2
£85K11/210.05 mi10, Clinton Street, Derby, City Of Derby DE21 6DH2
£75K07/210.07 mi22, Walpole Street, Derby, City Of Derby DE21 6DP2
£95.5K06/210.07 mi223, Nottingham Road, Derby, City Of Derby DE21 6AP2
£100K11/210.07 mi241, Nottingham Road, Derby, City Of Derby DE21 6AP2
£100K11/210.07 mi251, Nottingham Road, Derby, City Of Derby DE21 6AP2
£107K02/230.08 mi287, Nottingham Road, Derby, City Of Derby DE21 6FP2
£85K10/200.08 mi142, Nottingham Road, Derby, City Of Derby DE21 6AQ2
£171K02/230.11 mi46, Lindsey Close, Derby, City Of Derby DE21 6DG2
£108.5K07/210.16 mi29, Francis Street, Derby, City Of Derby DE21 6DD2
£105.5K10/210.16 mi6, Francis Street, Derby, City Of Derby DE21 6DB2
£110K04/210.16 mi177, Nottingham Road, Derby, City Of Derby DE21 6AN2
£152.5K12/220.2 mi56, Cumberland Avenue, Derby, City Of Derby DE21 6FL2
£118K04/210.22 mi5a, Hillcrest Road, Derby, City Of Derby DE21 6FJ2
£161.5K09/210.28 mi37, Shropshire Avenue, Derby, City Of Derby DE21 6EW2
£167.5K03/210.3 mi48, Shropshire Avenue, Derby, City Of Derby DE21 6EU2
£105K03/210.31 mi182, Wiltshire Road, Derby, City Of Derby DE21 6EZ2
£177K04/230.32 mi2a, Roe Farm Lane, Derby, City Of Derby DE21 6ET2
£105K10/220.33 mi54, Somerset Street, Derby, City Of Derby DE21 6DY2
£159.9K12/200.34 mi68, Suffolk Avenue, Derby, City Of Derby DE21 6ER2
£160K02/230.34 mi44, Suffolk Avenue, Derby, City Of Derby DE21 6ER2
£139.9K02/210.38 mi43, Mayfield Road, Chaddesden, Derby, City Of Derby DE21 6FX2
£195K01/210.38 mi5, Mayfield Road, Chaddesden, Derby, City Of Derby DE21 6FX2
£130K03/230.41 mi170, Cowsley Road, Derby, City Of Derby DE21 6EG2
£154K11/210.44 mi15, Hanbury Road, Chaddesden, Derby, City Of Derby DE21 6FT2
£185K05/230.44 mi15, Hanbury Road, Chaddesden, Derby, City Of Derby DE21 6FT2
£112.5K06/210.45 mi3, Norwich Street, Derby, City Of Derby DE21 6GN2
£128.3K11/210.45 mi24, Norwich Street, Derby, City Of Derby DE21 6GN2
£180K08/230.46 mi57, Northwood Avenue, Chaddesden, Derby, City Of Derby DE21 6JH2
£147K06/210.46 mi69, Northwood Avenue, Chaddesden, Derby, City Of Derby DE21 6JH2
£135K02/210.47 mi29, Oakleigh Avenue, Chaddesden, Derby, City Of Derby DE21 6GZ2
£137K03/210.47 mi23, Oakleigh Avenue, Chaddesden, Derby, City Of Derby DE21 6GZ2
£175K02/230.5 mi14, Atlow Road, Chaddesden, Derby, City Of Derby DE21 6JG2
£135K12/220.52 mi12, Pembroke Street, Derby, City Of Derby DE21 6ED2
£175K07/230.52 mi55, Madison Avenue, Chaddesden, Derby, City Of Derby DE21 6JA2
£166.1K09/210.52 mi25, Madison Avenue, Chaddesden, Derby, City Of Derby DE21 6HZ2
£265K02/210.53 mi11, Highfield Lane, Chaddesden, Derby, City Of Derby DE21 6PG2
£91K12/200.54 mi75, Radnor Street, Derby, City Of Derby DE21 6EB2
£169.9K09/210.58 mi46, Reginald Road South, Chaddesden, Derby, City Of Derby DE21 6NF2
£180K05/230.58 mi3, Rushcliffe Avenue, Chaddesden, Derby, City Of Derby DE21 6NW2
£127.5K12/200.59 mi7, Aylesbury Avenue, Chaddesden, Derby, City Of Derby DE21 6JB2
£160K07/210.61 mi89, Chaddesden Park Road, Derby, City Of Derby DE21 6HL2
£150K03/210.63 mi4, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QB2
£180K04/230.64 mi18, York Road, Chaddesden, Derby, City Of Derby DE21 6HS2
£135K10/210.65 mi33, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QD2
£132K04/210.65 mi43, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QD2
£170K05/230.67 mi33, Keyhaven Close, Derby, City Of Derby DE21 4SQ2
£129K10/210.67 mi17, Keyhaven Close, Derby, City Of Derby DE21 4SQ2
£147K08/210.67 mi31, Keyhaven Close, Derby, Derbyshire DE21 4SQ2
£200K01/230.67 mi28, Spinney Road, Chaddesden, Derby, City Of Derby DE21 6HW2

Local Rents

11 rents from £665/mo to £925/mo, average is £820/mo.

RentDateDistanceAddressBeds 
£89512/240.09 mi-2
£75012/240.16 miFrancis Street, DERBY2
£66512/240.2 miSt. Marks Road, Chaddesden2
£80002/240.37 mi-2
£84001/240.45 mi-2
£85012/240.46 miNorthwood Avenue, Chaddesden2
£82512/240.47 mi23 Oakleigh Avenue, Chaddesden, Derby, DE21 6GZ2
£82002/240.48 mi-2
£82012/240.48 miOaktree Apartments, Derby, DE212
£82012/240.48 miOaktree Apartments, Derby, DE212
£92502/250.62 mi-2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

1.18 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £75,000

January 2, 2025

Floor Plans

Description

  • Mid- Terrace Home +

  • Two Bedrooms +

  • Two Reception Rooms +

  • Investment Opportunity +

  • No Onward Chain +

  • Council Tax Band A +

SUMMARY
AUCTION DATE: MONDAY 3rd FEBRUARY 2025
A traditional two bedroom mid-terrace home in Chaddesden with two reception rooms, galley kitchen, utility room and modern bathroom. Currently sold with tenants in situ so ideal buy-to-let investment. No onward chain

DESCRIPTION
A traditional two bedroom mid-terrace home in Chaddesden being well situated for the A52, A38 and City Centre and excellent access to Pride Park, London Road, A50 road networks. Benefiting from gas central heating and UPVC double glazing.

This property briefly comprising of a front lounge, inner hallway with door to cellar, dining room with stairs ascending to the first floor, galley kitchen with space for appliances and door into the garden, utility area, two double bedrooms (one with built-in wardrobes), modern bathroom with P-shaped bath & shower over, and finally the low-maintenance rear garden.

Currently sold with tenants in situ so ideal buy-to-let investment. No onward chain.

Lounge 11' 5" x 10' 10" ( 3.48m x 3.30m )

Dining Room 11' 4" x 10' 10" ( 3.45m x 3.30m )

Kitchen 9' 11" x 6' 3" ( 3.02m x 1.91m )

Utility Room 5' 6" x 4' 2" ( 1.68m x 1.27m )

Bedroom One 11' 5" x 10' 10" ( 3.48m x 3.30m )

Bedroom Two 11' 4" x 10' 10" ( 3.45m x 3.30m )

Bathroom 10' x 6' 3" ( 3.05m x 1.91m )

Auction Details 
AUCTION DATE: MONDAY 3rd FEBRUARY 2025
BIDDER REGISTRATION: Please ensure you are registered to bid on the Barnard Marcus Auctions website by 2pm on Friday 31st January 2025
DOWNLOAD LEGAL DOCUMENTS FROM BARNARD MARCUS AUCTIONS WEBSITE

Online Underwriting 
FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS MONDAY 3RD FEBRUARY 2025 AT 9.00AM AT THE DE VERE GRAND CONNAUGHT ROOMS, 61-65 GREAT QUEEN STREET, COVENT GARDENS, LONDON WC2B 5DA. YOU CAN ALSO REGISTER FOR ONLINE BIDDING.

Conditions Of Sale 
The Conditions of Sale will be deposited at the offices of the auctioneers and vendor's solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Health & Safety Advice 
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers' risk.

*guide And Reserve Prices 
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Note 
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,500 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective

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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