2 Bed Flat, Single Let, Derby, DE23 6AY, £150,000

The Orchards, Burton Road, Derby, DE23 6AY - 3 months ago

Leasehold
BTL
ROI: 3%
~72 m²
+8 photos

ValuationOvervalued

Sold Prices£38K - £179K
Sold Prices/m²£679/m² - £2.5K/m²

 

 

Square Metres

~71.68 m²
Price/m²£2.1K/m²

Value Estimate

£122,197

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£700 - £2,450

Rent Estimate

£751

Running Costs/mo

£639

Cashflow/mo

£112

Cashflow/yr

£1,345

ROI

3%

Gross Yield

6%

Local Sold Prices

33 sold prices from £38K to £179K, average is £109K. £679/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£125K12/200.21 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£122.5K08/210.35 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£170.5K09/220.35 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K04/210.36 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.36 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.36 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.36 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.36 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.36 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£90K01/230.37 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£100K11/210.38 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£95K10/210.41 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.41 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£124K03/210.42 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£136K06/210.49 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£95K03/210.51 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£130K08/210.52 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£80K02/230.54 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£78.5K08/210.6 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.6 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£109K10/220.71 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.71 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£90K07/220.71 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£38K04/230.76 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/220.76 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.76 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£85K06/210.76 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£48K09/210.76 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£140K03/230.87 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£86K08/220.87 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£70K11/200.88 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2
£92.5K08/210.89 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£179K05/211 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2

Local Rents

50 rents from £700/mo to £2.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89512/240 mi-2
£77503/240.11 mi100 Whitaker Road, Derby, DE232
£1,15011/240.13 mi-2
£1,25012/240.2 mi-2
£1,25012/240.2 mi-2
£75001/240.2 mi-2
£80001/250.2 mi-2
£76001/250.23 mi-2
£90012/240.24 mi-2
£77512/240.28 mi-2
£95001/240.29 mi-2
£79512/240.3 mi-2
£2,45001/250.32 mi-2
£85002/250.33 mi-2
£80012/240.33 mi-2
£80002/240.34 mi-2
£80012/240.34 miVale Mills, Derby, DE222
£80012/240.34 mi-2
£90002/240.35 mi-2
£90012/240.35 mi-2
£90012/240.35 mi-2
£90001/250.35 mi-2
£90002/250.35 mi-2
£90003/250.35 mi-2
£82512/240.35 mi-2
£77503/240.35 mi-2
£77512/240.35 mi-2
£85011/240.36 mi-2
£79511/240.36 mi-2
£89512/240.36 mi-2
£1,08312/240.36 miDean Street, Derby, 2
£89503/240.36 miPriory Heights Court, Derby, Derbyshire, DE23 6AX2
£85001/250.36 mi-2
£85003/240.37 miAlmond Street2
£75012/240.38 miRiddings Street, Derby, DE222
£85002/240.38 mi-2
£75012/240.38 mi-2
£95005/240.38 mi-2
£95012/240.38 mi-2
£95001/250.38 mi-2
£95001/250.38 mi-2
£77512/240.39 miStockbrook Road, Derby2
£70003/240.4 miBelvoir Street, Derby, Derbyshire2
£1,00003/240.41 miFox House, Erasmus Drive2
£1,05003/240.41 miErasmus Drive, Derby2
£1,10003/240.41 miFox House, 2 Erasmus Drive, DE1 2ES2
£1,02503/240.41 miFox house, Erasmus Drive, Derby DE1 2EL2
£1,05004/240.41 miErasmus Drive, Derby2
£1,00004/240.41 miErasmus Drive, Derby2
£95005/240.41 miFox House, 2 Erasmus Drive DE1 2EL2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.82 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £150,000

February 28, 2025

Listed for £160,000

January 14, 2025

Floor Plans

Description

  • Two Double-Bedroom, First-Floor Apartment of Standard Construction +
  • EPC Rating B +
  • Council Tax Band C +
  • Allocated Parking +
  • No Onward Chain +
  • Leasehold +
  • Ideal For A First Time Buyer Or Investor +
  • Situated Between Derby City Centre & Littleover Village +
  • Well Maintained Interior +
  • Secure Building Entry +

NO UPWARD CHAIN A well maintained, two double-bedroom first-floor apartment located between Derby City Centre and Littleover. Brought to the market with no upward chain, the property is ideal for a first time buyer or investor, and features allocated parking, secure building entry, gas central heating and uPVC double glazing!

In brief, the accommodation comprises: Entrance hall with two storage cupboards; spacious, open plan lounge/diner; fitted kitchen; two good size double bedrooms (with en-suite shower to the master bedroom); main bathroom having a three-piece suite.

Having easy access to the Royal Derby Hospital, Rolls-Royce, major roads and the motorway network, internal viewings are enthusiastically recommended.

Agent Details

Hannells Estate Agents, Littleover

01332 215174

Next Steps?

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