2 Bed Flat, Single Let, Derby, DE24 1AN £110,000

Ocean Court, City Point, DE24 1AN - 6 views - a year ago

Sold STC

Leasehold

BTL

ROI: 8%

~68 m²

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.6K/m²
Value Estimate	£122,167£122,167
BMV	11%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£6,700£6,700
Total Cash In	£34,200£34,200

Cash Out
Rent Range	£443 - £1,595£443 - £1,595
Rent Estimate	£750
Running Costs/mo	£514£514
Cashflow/mo	£236£236
Cashflow/yr	£2,835£2,835
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 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	Price/m²	m²	Beds	Type
£97K	03/22	0 mi	10, Ocean Court, Derby, City Of Derby DE24 1AN	£1,767	55	2	Flat
£110K	12/23	0 mi	14, Ocean Court, Derby DE24 1AN	£1,864	59	2	Flat
£110K	11/22	0.03 mi	80, Panama Circle, Derby, City Of Derby DE24 1AE	£1,774	62	2	Flat
£112K	10/22	0.04 mi	35, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,534	73	2	Flat
£118K	04/24	0.04 mi	14, Atlantic Way, Derby, City Of Derby DE24 1AB	£2,360	50	2	Flat
£110K	02/23	0.04 mi	22, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,864	59	2	Flat
£122.5K	05/23	0.04 mi	6, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,750	70	2	Flat
£111K	12/21	0.04 mi	25, Atlantic Way, Derby, City Of Derby DE24 1AB	-	-	2	Flat
£117.5K	02/23	0.04 mi	33, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,865	63	2	Flat
£118.5K	11/24	0.05 mi	56, Panama Circle, Derby DE24 1AE	£1,769	67	2	Flat
£118.5K	11/24	0.05 mi	56, Panama Circle, Derby DE24 1AE	-	-	2	Flat
£118.5K	11/24	0.05 mi	56, Panama Circle, Derby DE24 1AE	£1,769	67	2	Flat
£110K	12/24	0.05 mi	52, Magellan Way, Derby, City Of Derby DE24 1AD	£1,964	56	2	Flat
£90K	09/21	0.05 mi	40, Magellan Way, Derby, City Of Derby DE24 1AD	£1,429	63	2	Flat
£114K	08/22	0.05 mi	42, Magellan Way, Derby, City Of Derby DE24 1AD	£1,810	63	2	Flat
£112K	06/22	0.05 mi	17, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,217	92	2	Flat
£112K	11/24	0.06 mi	60, Panama Circle, Derby DE24 1AE	£1,750	64	2	Flat
£110K	10/22	0.06 mi	49, Panama Circle, Derby, City Of Derby DE24 1AE	£1,903	58	2	Flat
£118.5K	10/22	0.06 mi	58, Panama Circle, Derby, City Of Derby DE24 1AE	£1,823	65	2	Flat
£105K	06/21	0.06 mi	69, Panama Circle, Derby, City Of Derby DE24 1AE	£1,633	64	2	Flat
£108K	06/21	0.06 mi	54, Panama Circle, Derby, City Of Derby DE24 1AE	£1,964	55	2	Flat
£100K	05/21	0.06 mi	66, Panama Circle, Derby, City Of Derby DE24 1AE	£1,694	59	2	Flat
£113.5K	03/23	0.06 mi	47, Panama Circle, Derby, City Of Derby DE24 1AE	£1,802	63	2	Flat
£130K	11/22	0.06 mi	68, Panama Circle, Derby, City Of Derby DE24 1AE	£2,127	61	2	Flat
£117K	01/23	0.06 mi	78, Panama Circle, Derby, City Of Derby DE24 1AE	£1,914	61	2	Flat
£110K	10/23	0.07 mi	71, Panama Circle, Derby DE24 1AE	£1,964	56	2	Flat
£117K	02/25	0.07 mi	73, Panama Circle, Derby DE24 1AE	£1,950	60	2	Flat
£117K	02/25	0.07 mi	73, Panama Circle, Derby DE24 1AE	-	-	2	Flat
£118K	04/24	0.08 mi	14, Atlantic Way, Derby DE24 1AB	£2,360	50	2	Flat
£118K	04/24	0.08 mi	14, Atlantic Way, Derby DE24 1AB	-	-	2	Flat
£113K	02/25	0.08 mi	22, Pacific Way, Derby DE24 1AA	£1,948	58	2	Flat
£113K	02/25	0.08 mi	22, Pacific Way, Derby DE24 1AA	-	-	2	Flat
£125K	08/24	0.08 mi	6, Atlantic Way, Derby DE24 1AB	£1,786	70	2	Flat
£125K	11/23	0.11 mi	60, Coral Close, Derby DE24 1AP	£2,049	61	2	Flat
£113K	01/24	0.11 mi	48, Coral Close, Derby DE24 1AP	£2,055	55	2	Flat
£112.5K	02/24	0.11 mi	62, Coral Close, Derby DE24 1AP	-	-	2	Flat
£110K	07/25	0.11 mi	44, Coral Close, Derby DE24 1AP	-	-	2	Flat
£112.5K	02/24	0.13 mi	62, Coral Close, Derby, City Of Derby DE24 1AP	£1,786	63	2	Flat
£97K	07/21	0.13 mi	54, Coral Close, Derby, City Of Derby DE24 1AP	£1,590	61	2	Flat
£120K	08/22	0.13 mi	64, Coral Close, Derby, City Of Derby DE24 1AP	£1,941	62	2	Flat
£117K	01/23	0.13 mi	32, Coral Close, Derby, City Of Derby DE24 1AP	£3,079	38	2	Flat
£89K	06/24	0.78 mi	20, Ashwood Close, Derby DE24 8XW	£1,634	54	2	Flat
£89K	06/24	0.78 mi	20, Ashwood Close, Derby DE24 8XW	-	-	2	Flat
£85K	04/24	0.96 mi	39 Grange Court, 9, Grange Street, Derby DE23 8BH	£1,771	48	2	Flat
£85K	04/24	0.96 mi	9, 39 Grange Court, Grange Street, Derby DE23 8BH	-	-	2	Flat
£87.5K	08/24	0.96 mi	39 Grange Court, 6, Grange Street, Derby DE23 8BH	£1,823	48	2	Flat
£87.5K	08/24	0.96 mi	6, 39 Grange Court, Grange Street, Derby DE23 8BH	-	-	2	Flat
£96.5K	09/23	0.99 mi	83, Baseball Drive, Derby DE23 8NE	£1,930	50	2	Flat
£105K	06/24	1 mi	74, Waterford Drive, Derby DE21 6TL	£1,419	74	2	Flat
£105K	06/24	1 mi	74, Waterford Drive, Derby DE21 6TL	-	-	2	Flat

Local Rents

50 rents from £443/mo to £1.6K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£1,595	01/24	0.01 mi	-	2	Semi-Detached House
£750	07/25	0.01 mi	Ocean Court, City Point	2	Flat
£775	08/25	0.01 mi	Ocean Court City Point, Pride Park	2	Flat
£795	10/25	0.01 mi	Ocean Court, City Point	2	Flat
£775	09/25	0.01 mi	Ocean Court, Pride Park	2	Flat
£850	09/25	0.02 mi	Ocean Court, Derby	2	Flat
£895	11/25	0.03 mi	Atlantic Way, Derby, Derbyshire, DE24	2	Flat
£795	12/24	0.04 mi	Atlantic Way, Pride Park	2	Flat
£775	12/24	0.04 mi	Atlantic Way	2	Flat
£825	12/24	0.04 mi	Atlantic Way, DERBY	2	Flat
£750	05/25	0.04 mi	Atlantic Way, Derby, DE24	2	Flat
£750	07/25	0.04 mi	Atlantic Way, Derby, DE24	2	Flat
£850	09/25	0.04 mi	Atlantic Way, DERBY	2	Flat
£950	11/25	0.04 mi	Atlantic Way, DERBY	2	Flat
£825	10/25	0.04 mi	Atlantic Way, DERBY	2	Flat
£600	11/25	0.04 mi	Atlantic Way, Derby, DE24	2	Flat
£750	12/24	0.04 mi	Atlantic Way, Derby, DE24	2	Flat
£1,195	10/25	0.04 mi	-	2	Semi-Detached House
£1,395	09/25	0.04 mi	-	2	Semi-Detached House
£795	12/24	0.05 mi	Panama Circle, City Point, Derby	2	Flat
£850	12/24	0.05 mi	Magellan Way, DERBY	2	Flat
£820	08/25	0.05 mi	Magellan Way, Wilmorton, Derby, DE24	2	Flat
£800	11/25	0.05 mi	Magellan Way, DERBY	2	Flat
£550	08/25	0.05 mi	Magellan Way, Derby, Derbyshire, DE24	2	Flat
£750	08/25	0.05 mi	Magellan Way, Derby	2	Flat
£895	12/24	0.05 mi	Panama Circle, Derby	2	Flat
£850	10/25	0.06 mi	Panama Circle, Derby, DE24 1AE	2	House
£850	08/25	0.06 mi	Panama Circle, Alvaston, DE24	2	Flat
£850	09/25	0.06 mi	Panama Circle, DERBY	2	Flat
£850	10/25	0.06 mi	Panama Circle, Wilmorton, Derby, DE24	2	Flat
£443	08/25	0.06 mi	Atlantic Way, City Point, Derby, DERBY, DE241AB	2	Flat
£795	09/25	0.06 mi	Panama Circle, City Point, Derby	2	Flat
£750	08/25	0.06 mi	Panama Circle, City Point	2	Flat
£950	11/25	0.08 mi	-	2	Flat
£825	11/25	0.08 mi	Atlantic Way, Derby	2	Flat
£850	08/25	0.08 mi	-	2	Flat
£900	10/23	0.09 mi	Magellan Way, Derby	2	Flat
£850	11/25	0.09 mi	Java Court, Derby, DE24 1AJ	2	Flat
£800	12/24	0.1 mi	Pacific Way, City Point, Derby	2	Flat
£825	12/24	0.11 mi	Pacific Way, Derby, Derbyshire, DE24 1AA	2	Flat
£800	11/25	0.11 mi	Pacific Way, Wilmorton	2	Flat
£725	07/25	0.12 mi	2 Bedroom Apartment, Pacific Way, Pride Park	2	Flat
£585	07/25	0.12 mi	Coral Close, Derby, DE24 1AP	2	Flat
£850	08/25	0.12 mi	Pacific Way, City Point, Derby	2	Flat
£695	08/25	0.12 mi	Pacific Way, City Point, Derbys	2	Room
£590	08/25	0.12 mi	CORAL CLOSE, DERBY	2	Flat
£900	11/25	0.13 mi	Coral Close, Derby, DE24 1AP	2	House
£1,399	12/24	0.13 mi	-	2	Flat
£1,399	01/25	0.13 mi	-	2	Flat
£1,450	07/25	0.13 mi	-	2	Flat

Local Area Statistics

Population in DE24	54,39654,396
Population in Derby	308,324308,324
Town centre distance	1.35 miles away1.35 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.01 miles away1.01 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+40%+40%

Property History

Price changed to £110,000

May 15, 2025

Listed for £115,000

January 8, 2025

Floor Plans

Description

Two Bedroom, First Floor Apartment +
Allocated Parking Space +
EPC Rating C +
Leasehold +
Council Tax Band B +
Close to Amenities Of Pride Park +

Very well presented and spacious two bedroomed first floor apartment located in the much sought after City Point development close to Pride Park and available for sale with no upward chain. Boasting a light and airy living space, a modern separate kitchen, allocated parking and two spacious bedrooms!

The property benefits from uPVC double glazing and electric heating and the accommodation in brief comprises: Entrance hall with built in store cupboard, spacious lounge diner with Juliette balcony, fitted kitchen, two bedrooms, master en-suite shower room and a modern fitted bathroom.

The property is situated among other contemporary accommodation and the city point location offers excellent access to Pride Park, Derby Railway Station, Derby City Centre and the A50/A38/A52 and M1 motorway networks. This estate offers convenient walking and cycle paths into Alvaston Park, the City Centre and Derby train station making this an ideal location for the commuter.

With no upward chain, this property must be viewed to fully appreciate the location and standard of accommodation on offer.

Agent Details

Hannells Estate Agents, Alvaston

01332 215518

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents