3 Bed Semi-Detached House, Refurb/BRRR, Belper, DE56 1GX, £200,000

Wheeldon Avenue, Belper, Derbyshire, DE56 1GX - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~83 m²
+7 photos

ValuationFair Value

Sold Prices£149K - £503K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

~82.90 m²
Price/m²£2.4K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£244,300

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£33,648

Bridging Loan Interest

£5,250

Total Cash In

£103,348

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,300

Mortgage (After Refinance)

£183,225

Mortgage LTV

75%

Cash Released

£33,225

Cash Left In

£70,122

Equity

£61,075

Rent Range

£760 - £1,500

Rent Estimate

£1,035

Running Costs/mo

£990

Cashflow/mo

£45

Cashflow/yr

£535

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £149K to £503K, average is £261.5K. £1.5K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£280K02/210.02 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£450K02/230.05 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.05 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£318K02/210.06 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.06 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.06 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£220K07/210.06 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£280K10/210.11 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£267K02/210.14 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£250K03/230.14 mi86, Nottingham Road, Belper, Derbyshire DE56 1JH3
£225K01/230.14 mi139, Nottingham Road, Belper, Derbyshire DE56 1JH3
£275K06/230.15 mi88, Spencer Road, Belper, Derbyshire DE56 1JW3
£295K08/210.15 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3
£225K12/200.2 mi10, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£260K03/230.2 mi20, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£250K07/230.2 mi39, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£263K12/220.21 mi14, Stanton Avenue, Belper, Derbyshire DE56 1EE3
£193K12/200.21 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£300K12/220.21 mi6, Church View, Belper, Derbyshire DE56 1JB3
£330K06/230.22 mi4, Church View, Belper, Derbyshire DE56 1JB3
£215K03/230.22 mi1, Nottingham Road, Belper, Derbyshire DE56 1JG3
£325K05/210.22 mi10, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£350K03/210.22 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£310K12/200.22 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£224.4K12/210.23 mi16, St Johns Road, Belper, Derbyshire DE56 1JE3
£310K07/230.23 mi22, St Johns Road, Belper, Derbyshire DE56 1JE3
£149K10/200.23 mi10, St Johns Road, Belper, Derbyshire DE56 1JE3
£188K08/210.24 mi25, High Street, Belper, Derbyshire DE56 1GF3
£210K06/230.24 mi18, High Street, Belper, Derbyshire DE56 1GF3
£232K02/230.27 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£295K09/210.27 mi81, Parkside, Belper, Derbyshire DE56 1HY3
£290K02/210.27 mi24, Lowlands Road, Belper, Derbyshire DE56 1HN3
£286K07/230.29 mi12, Short Street, Belper, Derbyshire DE56 1JU3
£365K12/200.3 mi22, The Butts, Belper, Derbyshire DE56 1HX3
£258K12/200.3 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.3 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.3 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.3 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£272.5K03/230.32 mi38, Mill Lane, Belper, Derbyshire DE56 1LG3
£265K05/210.32 mi57, Dovedale Crescent, Belper, Derbyshire DE56 1HJ3
£225K01/230.33 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£280K02/210.33 mi18, Bullsmoor, Belper, Derbyshire DE56 1JS3
£191K11/200.33 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.33 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£210K08/210.36 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£188K10/200.38 mi7, Green Lane, Belper, Derbyshire DE56 1BY3
£185K09/210.38 mi21, Green Lane, Belper, Derbyshire DE56 1BY3
£215K12/220.38 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£200K10/210.39 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£275K05/230.39 mi79, Ladywood Avenue, Belper, Derbyshire DE56 1HU3

Local Rents

17 rents from £760/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90012/240.1 miMarsh Lane, Belper, Derbyshire, DE563
£89512/240.13 miWindmill Lane, Belper3
£90012/240.27 miChesterfield Road, Belper, Derbyshire, DE563
£76009/230.29 mi-3
£95012/240.38 miGreen Lane, Belper, Derby3
£1,00012/240.39 miGreen Lane, Belper, Derbyshire, DE563
£85012/240.46 miQueen Street, Belper3
£90012/240.47 miAlder Road, BELPER3
£80012/240.61 miFar Laund, Belper3
£89512/240.64 miSycamore Croft, Belper3
£1,00012/240.91 miBrafield Close, Belper3
£1,20001/251.01 mi-3
£95012/241.01 miCook Close, Belper3
£1,20012/241.02 miClan Drive, Belper, Derby, DE56 1RB3
£1,45012/241.2 mi-3
£1,50003/251.2 mi-3
£1,45012/241.2 miBlackbird Row, Belper, DE563

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.22 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £200,000

February 8, 2025

Listed for £210,000

January 11, 2025

Floor Plans

Description

  • NO UPWARD CHAIN +
  • CLOSE TO LOCAL SCHOOLS/AMENITIES +
  • OFF STREET PARKING +
  • IN NEED OF MODERNISATION +
  • TWO RECEPTION ROOMS +
  • THREE BEDROOMS +
  • CLOSE TO THE TOWN CENTRE +
  • POPULAR RESIDENTIAL AREA +
  • EARLY VIEWING HIGHLY RECOMMENDED +

This traditional semi detached home is offered for sale with NO UPWARD CHAIN and is located within walking distance of local amenities, schools and the town centre itself. Requiring modernisation throughout, this property briefly comprises, entrance hall, lounge, separate dining room, fitted kitchen with pantry, two double bedrooms, one single bedroom and a shower room. Further benefits include off street parking/carport, gas central heating and and enclosed rear garden.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QBP240360/2

Agent Details

YOUR MOVE - Attenborough & Co, Belper

01773 302283

Next Steps?

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