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





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£197,895 |
| |
End Value (After Refurb) | £233,000£233,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £65,000£65,000 |
Stamp Duty & Legal Fees | £9,500£9,500 |
Refurb Costs | £32,941£32,941 |
Bridging Loan Interest | £6,825£6,825 |
Total Cash In | £116,016£116,016 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £233,000£233,000 |
Mortgage (After Refinance) | £174,750£174,750 |
Mortgage LTV | 75%75% |
Cash Left In | £116,016£116,016 |
Equity | £58,250£58,250 |
Rent Range | £895 - £1,250£895 - £1,250 |
Rent Estimate | £1,064 |
Running Costs/mo | £961£961 |
Cashflow/mo | £103£103 |
Cashflow/yr | £1,237£1,237 |
ROI | 1%1% |
Gross Yield | 5%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£355K | 05/23 | 0.77 mi | 28, Queensgate Drive, Chellaston, Derby, City Of Derby DE73 5NW | - | - | 3 | Detached House | |
£327K | 10/22 | 0.83 mi | 36, Crown Way, Chellaston, Derby, City Of Derby DE73 5NU | - | - | 3 | Detached House | |
£265K | 03/21 | 0.91 mi | 132, Swarkestone Road, Chellaston, Derby, City Of Derby DE73 5UD | £2,409 | 110 | 3 | Semi-Detached House | |
£292K | 09/20 | 0.91 mi | 106, Swarkestone Road, Chellaston, Derby, City Of Derby DE73 5UD | £2,539 | 115 | 3 | Semi-Detached House | |
£350K | 07/23 | 0.92 mi | 110, Swarkestone Road, Chellaston, Derby, City Of Derby DE73 5UD | £3,012 | 116 | 3 | Semi-Detached House | |
£220K | 02/23 | 0.92 mi | 9, Knights Road, Chellaston, Derby, City Of Derby DE73 5WW | £2,632 | 84 | 3 | Semi-Detached House | |
£230K | 06/21 | 0.93 mi | 5, Walnut Close, Chellaston, Derby, City Of Derby DE73 6UH | £2,371 | 97 | 3 | Semi-Detached House | |
£242K | 08/22 | 0.94 mi | 7, Walnut Close, Chellaston, Derby, City Of Derby DE73 6UH | £2,602 | 93 | 3 | Terraced House | |
£183K | 12/20 | 1.01 mi | 22, Ridgeway, Chellaston, Derby, City Of Derby DE73 6UJ | £2,103 | 87 | 3 | Semi-Detached House | |
£210K | 10/20 | 1.01 mi | 11, Aston Close, Chellaston, Derby, City Of Derby DE73 6UN | £2,160 | 97 | 3 | Semi-Detached House | |
£221.5K | 06/23 | 1.01 mi | 15, Aston Close, Chellaston, Derby, City Of Derby DE73 6UN | £2,546 | 87 | 3 | Semi-Detached House | |
£205K | 08/23 | 1.05 mi | 16, Rose Close, Chellaston, Derby, City Of Derby DE73 5XP | £2,697 | 76 | 3 | Terraced House | |
£280K | 06/21 | 1.05 mi | 66, Station Road, Chellaston, Derby, City Of Derby DE73 5SU | - | - | 3 | Detached House | |
£220K | 10/23 | 1.05 mi | 34, Station Road, Chellaston, Derby, City Of Derby DE73 5SU | - | - | 3 | Semi-Detached House | |
£267K | 05/21 | 1.06 mi | 2, Glenwood Road, Chellaston, Derby, City Of Derby DE73 6UB | £2,902 | 92 | 3 | Semi-Detached House | |
£290K | 09/23 | 1.06 mi | 35, Glenwood Road, Chellaston, Derby, City Of Derby DE73 6UB | - | - | 3 | Semi-Detached House | |
£238K | 03/23 | 1.08 mi | 17, Kildrummy Close, Chellaston, Derby, City Of Derby DE73 5WQ | - | - | 3 | Semi-Detached House | |
£235K | 11/22 | 1.09 mi | 9, Bridle Close, Chellaston, Derby, City Of Derby DE73 6UZ | - | - | 3 | Semi-Detached House | |
£200K | 02/23 | 1.1 mi | 7, Meadow Way, Chellaston, Derby, City Of Derby DE73 6UW | £2,283 | 88 | 3 | Semi-Detached House | |
£191K | 02/21 | 1.12 mi | 31, Hall Park, Barrow On Trent, Derby, Derbyshire DE73 7HD | £2,170 | 88 | 3 | Semi-Detached House | |
£193K | 09/21 | 1.15 mi | 15, Priory Close, Chellaston, Derby, City Of Derby DE73 6UR | - | - | 3 | Semi-Detached House | |
£190K | 03/21 | 1.15 mi | 10, Woodgate Drive, Chellaston, Derby, City Of Derby DE73 6UX | £2,918 | 65 | 3 | Detached House | |
£215K | 10/21 | 1.16 mi | 7, Greenville Croft, Chellaston, Derby, City Of Derby DE73 5LB | £2,722 | 79 | 3 | Terraced House | |
£210K | 10/20 | 1.17 mi | 6, Thistle Grove, Chellaston, Derby, City Of Derby DE73 5WH | £2,308 | 91 | 3 | Semi-Detached House | |
£223K | 06/21 | 1.17 mi | 10, Lee Farm Close, Chellaston, Derby, City Of Derby DE73 5QE | £2,243 | 99 | 3 | Detached House | |
£225K | 10/23 | 1.18 mi | 34, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU | £2,679 | 84 | 3 | Semi-Detached House | |
£213K | 04/21 | 1.18 mi | 5, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU | £2,341 | 91 | 3 | Semi-Detached House | |
£208K | 09/20 | 1.18 mi | 3, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU | £2,080 | 100 | 3 | Semi-Detached House | |
£169K | 04/21 | 1.18 mi | 40, St Peters Road, Chellaston, Derby, City Of Derby DE73 6UU | £1,933 | 87 | 3 | Semi-Detached House | |
£210K | 09/22 | 1.19 mi | 43, Thurstone Furlong, Chellaston, Derby, City Of Derby DE73 5PZ | £2,500 | 84 | 3 | Terraced House | |
£290K | 10/22 | 1.2 mi | 6, Tudor Field Close, Chellaston, Derby, City Of Derby DE73 6WA | £3,625 | 80 | 3 | Detached House | |
£215K | 02/23 | 1.2 mi | 19, Skipness Close, Chellaston, Derby, City Of Derby DE73 5YF | £3,258 | 66 | 3 | Terraced House | |
£252K | 12/22 | 1.2 mi | 17, Skipness Close, Chellaston, Derby, City Of Derby DE73 5YF | £3,652 | 69 | 3 | Semi-Detached House | |
£195K | 03/21 | 1.27 mi | 10, Lincoln Green, Chellaston, Derby, City Of Derby DE73 5QP | £1,990 | 98 | 3 | Semi-Detached House | |
£165K | 06/21 | 1.3 mi | 90, Derby Road, Chellaston, Derby, City Of Derby DE73 6QA | £1,988 | 83 | 3 | Semi-Detached House | |
£242.5K | 06/21 | 1.32 mi | 20, Sinfin Moor Lane, Chellaston, Derby, City Of Derby DE73 5SQ | - | - | 3 | Semi-Detached House | |
£240K | 02/23 | 1.32 mi | 41, Sinfin Moor Lane, Chellaston, Derby, City Of Derby DE73 5SQ | - | - | 3 | Semi-Detached House | |
£190K | 05/23 | 1.32 mi | 14, Orchard Way, Chellaston, Derby, City Of Derby DE73 6RE | £2,262 | 84 | 3 | Semi-Detached House | |
£235K | 12/22 | 1.33 mi | 10, Orchard Way, Chellaston, Derby, City Of Derby DE73 6RE | - | - | 3 | Semi-Detached House | |
£175K | 06/21 | 1.34 mi | 9, Bensley Close, Chellaston, Derby, City Of Derby DE73 6TL | - | - | 3 | Semi-Detached House | |
£183K | 11/20 | 1.36 mi | 83, High Street, Chellaston, Derby, Derbyshire DE73 6TG | £1,926 | 95 | 3 | Semi-Detached House | |
£225K | 09/21 | 1.36 mi | 75, High Street, Chellaston, Derby, City Of Derby DE73 6TG | - | - | 3 | Semi-Detached House | |
£225K | 01/21 | 1.36 mi | 111, High Street, Chellaston, Derby, City Of Derby DE73 6TG | £2,419 | 93 | 3 | Semi-Detached House | |
£232.5K | 07/23 | 1.36 mi | 111, High Street, Chellaston, Derby, City Of Derby DE73 6TG | £2,500 | 93 | 3 | Semi-Detached House | |
£195K | 07/23 | 1.38 mi | 54, School Lane, Chellaston, Derby, City Of Derby DE73 6TF | £2,053 | 95 | 3 | Detached House | |
£219K | 04/23 | 1.38 mi | 19, School Lane, Chellaston, Derby, City Of Derby DE73 6TF | £1,996 | 110 | 3 | Semi-Detached House | |
£213.5K | 08/21 | 1.38 mi | 12, Springfield Road, Chellaston, Derby, City Of Derby DE73 5SL | - | - | 3 | Semi-Detached House | |
£215K | 03/21 | 1.41 mi | 7, Diseworth Close, Chellaston, Derby, Derbyshire DE73 6XE | £2,287 | 94 | 3 | Detached House | |
£230K | 11/20 | 1.44 mi | 18, Slade Lands Drive, Chellaston, Derby, City Of Derby DE73 6QB | £2,061 | 112 | 3 | Detached House | |
£320K | 08/23 | 1.46 mi | 83, Derby Road, Chellaston, Derby, City Of Derby DE73 5SB | - | - | 3 | Semi-Detached House |
Local Rents
13 rents from £895/mo to £1.3K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,250 | 04/24 | 0.81 mi | Royal Approach, Chellaston | 3 | Detached House | |
£895 | 03/24 | 0.87 mi | Marquis Gardens, Chellaston | 3 | Flat | |
£1,100 | 12/24 | 0.87 mi | Marquis Gardens, Chellaston | 3 | Terraced House | |
£1,250 | 03/24 | 0.89 mi | Walden Close, Chellaston | 3 | Detached House | |
£1,100 | 03/24 | 0.92 mi | Kingsgate Road, Chellaston, Derby, Derbyshire, DE73 6XA | 3 | Semi-Detached House | |
£925 | 03/24 | 0.92 mi | Knights Road, Chellaston, Derby | 3 | Detached House | |
£1,050 | 04/24 | 0.92 mi | Avalon Drive, Chellaston, Derby, Derbyshire | 3 | House | |
£1,250 | 12/24 | 0.96 mi | - | 3 | Semi-Detached House | |
£900 | 03/24 | 1.02 mi | - | 3 | Semi-Detached House | |
£950 | 12/24 | 1.09 mi | - | 3 | Terraced House | |
£1,150 | 04/24 | 1.15 mi | Woodgate Drive, Chellaston, Derby | 3 | Detached House | |
£950 | 04/24 | 1.23 mi | Parkway, Chellaston, Derby | 3 | Semi-Detached House | |
£950 | 04/24 | 1.23 mi | Parkway, Chellaston, Derby | 3 | Semi-Detached House |
Local Area Statistics
Population in DE73 | 19,04019,040 |
Population in Derby | 308,324308,324 |
Town centre distance | 4.41 miles away4.41 miles away |
Nearest school | 0.90 miles away0.90 miles away |
Nearest train station | 3.24 miles away3.24 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +20%+20% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +24%+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.