3 Bed Bungalow, Planning Permission, Derby, DE73 7GT, £260,000

3 St. James Court, Church Lane, Swarkestone, Derby DE73 7GT - 2 views - 2 months ago

Sold STC
Auction
Planning
ROI: 1%
84 m²
+9 photos

ValuationOvervalued

Sold Prices£165K - £355K
Sold Prices/m²£1.9K/m² - £3.7K/m²

 

 

Square Metres

84 m²
Price/m²£3.1K/m²

Value Estimate

£197,895

 

 

End Value (After Refurb)

£233,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£32,941

Bridging Loan Interest

£6,825

Total Cash In

£116,016

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,000

Mortgage (After Refinance)

£174,750

Mortgage LTV

75%

Cash Left In

£116,016

Equity

£58,250

Rent Range

£895 - £1,250

Rent Estimate

£1,064

Running Costs/mo

£961

Cashflow/mo

£103

Cashflow/yr

£1,237

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £165K to £355K, average is £220.8K. £1.9K/m² to £3.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£355K05/230.77 mi28, Queensgate Drive, Chellaston, Derby, City Of Derby DE73 5NW3
£327K10/220.83 mi36, Crown Way, Chellaston, Derby, City Of Derby DE73 5NU3
£265K03/210.91 mi132, Swarkestone Road, Chellaston, Derby, City Of Derby DE73 5UD3
£292K09/200.91 mi106, Swarkestone Road, Chellaston, Derby, City Of Derby DE73 5UD3
£350K07/230.92 mi110, Swarkestone Road, Chellaston, Derby, City Of Derby DE73 5UD3
£220K02/230.92 mi9, Knights Road, Chellaston, Derby, City Of Derby DE73 5WW3
£230K06/210.93 mi5, Walnut Close, Chellaston, Derby, City Of Derby DE73 6UH3
£242K08/220.94 mi7, Walnut Close, Chellaston, Derby, City Of Derby DE73 6UH3
£183K12/201.01 mi22, Ridgeway, Chellaston, Derby, City Of Derby DE73 6UJ3
£210K10/201.01 mi11, Aston Close, Chellaston, Derby, City Of Derby DE73 6UN3
£221.5K06/231.01 mi15, Aston Close, Chellaston, Derby, City Of Derby DE73 6UN3
£205K08/231.05 mi16, Rose Close, Chellaston, Derby, City Of Derby DE73 5XP3
£280K06/211.05 mi66, Station Road, Chellaston, Derby, City Of Derby DE73 5SU3
£220K10/231.05 mi34, Station Road, Chellaston, Derby, City Of Derby DE73 5SU3
£267K05/211.06 mi2, Glenwood Road, Chellaston, Derby, City Of Derby DE73 6UB3
£290K09/231.06 mi35, Glenwood Road, Chellaston, Derby, City Of Derby DE73 6UB3
£238K03/231.08 mi17, Kildrummy Close, Chellaston, Derby, City Of Derby DE73 5WQ3
£235K11/221.09 mi9, Bridle Close, Chellaston, Derby, City Of Derby DE73 6UZ3
£200K02/231.1 mi7, Meadow Way, Chellaston, Derby, City Of Derby DE73 6UW3
£191K02/211.12 mi31, Hall Park, Barrow On Trent, Derby, Derbyshire DE73 7HD3
£193K09/211.15 mi15, Priory Close, Chellaston, Derby, City Of Derby DE73 6UR3
£190K03/211.15 mi10, Woodgate Drive, Chellaston, Derby, City Of Derby DE73 6UX3
£215K10/211.16 mi7, Greenville Croft, Chellaston, Derby, City Of Derby DE73 5LB3
£210K10/201.17 mi6, Thistle Grove, Chellaston, Derby, City Of Derby DE73 5WH3
£223K06/211.17 mi10, Lee Farm Close, Chellaston, Derby, City Of Derby DE73 5QE3
£225K10/231.18 mi34, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU3
£213K04/211.18 mi5, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU3
£208K09/201.18 mi3, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU3
£169K04/211.18 mi40, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU3
£210K09/221.19 mi43, Thurstone Furlong, Chellaston, Derby, City Of Derby DE73 5PZ3
£290K10/221.2 mi6, Tudor Field Close, Chellaston, Derby, City Of Derby DE73 6WA3
£215K02/231.2 mi19, Skipness Close, Chellaston, Derby, City Of Derby DE73 5YF3
£252K12/221.2 mi17, Skipness Close, Chellaston, Derby, City Of Derby DE73 5YF3
£195K03/211.27 mi10, Lincoln Green, Chellaston, Derby, City Of Derby DE73 5QP3
£165K06/211.3 mi90, Derby Road, Chellaston, Derby, City Of Derby DE73 6QA3
£242.5K06/211.32 mi20, Sinfin Moor Lane, Chellaston, Derby, City Of Derby DE73 5SQ3
£240K02/231.32 mi41, Sinfin Moor Lane, Chellaston, Derby, City Of Derby DE73 5SQ3
£190K05/231.32 mi14, Orchard Way, Chellaston, Derby, City Of Derby DE73 6RE3
£235K12/221.33 mi10, Orchard Way, Chellaston, Derby, City Of Derby DE73 6RE3
£175K06/211.34 mi9, Bensley Close, Chellaston, Derby, City Of Derby DE73 6TL3
£183K11/201.36 mi83, High Street, Chellaston, Derby, Derbyshire DE73 6TG3
£225K09/211.36 mi75, High Street, Chellaston, Derby, City Of Derby DE73 6TG3
£225K01/211.36 mi111, High Street, Chellaston, Derby, City Of Derby DE73 6TG3
£232.5K07/231.36 mi111, High Street, Chellaston, Derby, City Of Derby DE73 6TG3
£195K07/231.38 mi54, School Lane, Chellaston, Derby, City Of Derby DE73 6TF3
£219K04/231.38 mi19, School Lane, Chellaston, Derby, City Of Derby DE73 6TF3
£213.5K08/211.38 mi12, Springfield Road, Chellaston, Derby, City Of Derby DE73 5SL3
£215K03/211.41 mi7, Diseworth Close, Chellaston, Derby, Derbyshire DE73 6XE3
£230K11/201.44 mi18, Slade Lands Drive, Chellaston, Derby, City Of Derby DE73 6QB3
£320K08/231.46 mi83, Derby Road, Chellaston, Derby, City Of Derby DE73 5SB3

Local Rents

13 rents from £895/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25004/240.81 miRoyal Approach, Chellaston3
£89503/240.87 miMarquis Gardens, Chellaston3
£1,10012/240.87 miMarquis Gardens, Chellaston3
£1,25003/240.89 miWalden Close, Chellaston3
£1,10003/240.92 miKingsgate Road, Chellaston, Derby, Derbyshire, DE73 6XA3
£92503/240.92 miKnights Road, Chellaston, Derby3
£1,05004/240.92 miAvalon Drive, Chellaston, Derby, Derbyshire3
£1,25012/240.96 mi-3
£90003/241.02 mi-3
£95012/241.09 mi-3
£1,15004/241.15 miWoodgate Drive, Chellaston, Derby3
£95004/241.23 miParkway, Chellaston, Derby3
£95004/241.23 miParkway, Chellaston, Derby3

Local Area Statistics

Population in DE73

19,040

Population in Derby

308,324

Town centre distance

4.41 miles away

Nearest school

0.90 miles away

Nearest train station

3.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £260,000

January 9, 2025

Floor Plans

Description

  • Auction: 10.12.2024 09:00 +
  • Council Tax Band: D +
  • Generous Three Bedroomed Detached Bungalow +
  • Sought-After Village Location +
  • Detached Single Garage +
  • Landscaped Rear Gardens +
  • EPC Rating: C +

For sale by Unconditional Online Auction.
This delightful 3-4 bedroom barn conversion is located in the sought-after village of Swarkestone, renowned for its stunning rural landscape and peaceful atmosphere.

The area is home to a variety of local pubs and restaurants, as well as plenty of countryside walks and trails along the river. The nearby city of Derby offers a wealth of amenities, including shops, leisure facilities and transport links for commuting to other parts of the country.

This property offers an excellent opportunity to purchase a detached bungalow which was converted in the mid-90s. With nearly 1,000sqft of living space, this versatile bungalow has three generous bedrooms and two good-sized reception areas.

Currently arranged as a 3 bedroom property, but could be used as four. There is also scope for an extension or to convert to a family residence, subject to the necessary planning permissions.

Outside there is a private courtyard area with off-road parking, a single garage and raised flowerbeds. To the rear, there is a West facing garden which is landscaped with mature shrubs and trees, as well as several paved patio areas and a timber deck seating area. In addition, there is suitable hardstanding space for a shed and the property benefits from several solar PV panels.

This property provides an ideal opportunity for those looking for an idyllic rural retreat close to local amenities and transport links. Entrance Hallway 4.52m x1.42m
Lounge 4.04m x 4.01m
Dining Room 3.81m x 2.89m
Kitchen 2.87m x 2.39m
Bedroom One 3.88m x 3.38m
Bedroom Two 3.53m x 3.50m
Bedroom Three 3.53m x 2.06m
Shower Room 2.31m x 1.83m
Outside Parking for at least 3 cars plus the large garage. The Courtyard Area is maintained jointly with the other 2 properties.
Flood Risk Rivers and Seas - High. Gov website states yearly chance of flooding as very low. Please see legal pack for further information.
Conservation Area We have been made aware this property is the Swarkestone conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Mobile Phone Coverage O2, EE, Three and Vodafone are available in this location.
Satellite and Cable TV Availability BT and Sky are available in this location.
Broadband (estimated speeds) Standard - 28 mbps. Ultrafast - 1000 mbps
Construction Material Cavity wall, as built, insulated (assumed) Information taken from EPC
Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding. Tenure: Freehold EPC Rating: C Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

SDL Property Auctions, Nationwide

08000 465454

Next Steps?

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