2 Bed Flat, Single Let, Derby, DE23 1JD, £90,000

Stenson Road, Derby, Derbyshire, DE23 1JD - 1 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£33.5K - £179K
Sold Prices/m²£588/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£108,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£700 - £1,250

Rent Estimate

£725

Running Costs/mo

£446

Cashflow/mo

£279

Cashflow/yr

£3,345

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £33.5K to £179K, average is £113K. £588/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£70K11/200.34 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2
£86K08/220.36 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£125K12/200.54 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£90K01/230.55 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£162.5K04/210.74 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.74 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.74 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.74 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.74 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.74 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170.5K09/220.75 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£130K08/210.8 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£100K11/210.85 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£122.5K08/210.85 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£33.5K01/210.85 mi1, Ticknall Walk, Sunnyhill, Derby, City Of Derby DE23 1TX2
£95K10/210.92 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.92 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£124K03/210.93 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£80K02/231.01 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£95K03/211.02 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£90.8K05/221.03 mi11, Ivernia Close, Sunnyhill, Derby, City Of Derby DE23 1XF2
£78.5K08/211.06 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/201.06 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£136K06/211.09 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£92K11/211.12 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£90K07/221.15 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£83K05/211.17 mi22, Ashwood Close, Derby, City Of Derby DE24 8XW2
£179K05/211.2 miApartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN2
£83K07/221.29 mi52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ2
£85K06/211.34 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£48K09/211.34 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£109K10/221.34 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/211.34 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£150K10/201.34 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£38K04/231.35 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/221.35 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/221.35 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£140K03/231.41 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£121K10/211.42 mi39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF2
£155K03/231.46 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£92.5K08/211.52 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£135K02/231.65 mi59, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£140K07/221.65 mi55, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£115K05/221.65 mi3, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£120K05/221.65 mi53, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£128K06/211.66 mi66, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£138.5K02/231.66 mi37, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£117K04/211.66 mi56, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£120K03/231.66 mi70, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA2
£103K01/211.68 mi16, Coral Close, Derby, City Of Derby DE24 1AP2

Local Rents

40 rents from £700/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79504/240.08 miLewis Street, Derby2
£85012/240.09 mi-2
£75003/240.18 miBrunswick Street 2
£79512/240.19 mi-2
£79502/250.19 mi-2
£70003/240.24 miBelvoir Street, Derby, Derbyshire2
£72503/240.24 miSackville Street, Derby2
£85002/240.27 mi-2
£85012/240.27 mi-2
£87512/240.27 mi-2
£87501/250.27 mi-2
£85002/250.27 mi-2
£85002/250.27 mi-2
£85002/250.27 mi-2
£87002/250.27 mi-2
£87502/250.27 mi-2
£85003/240.34 miAlmond Street2
£82003/250.36 mi-2
£82003/250.36 mi-2
£77503/240.36 miNewdigate Street,2
£77504/240.36 miNewdigate Street,2
£80011/240.39 mi-2
£82511/240.39 mi-2
£80003/240.41 miSt. James Road, DERBY2
£87001/240.45 mi-2
£87004/240.45 mi-2
£89001/250.45 mi-2
£89001/250.45 mi-2
£72503/240.45 miBalfour Road, Derby2
£75003/240.45 miBalfour Road, Derby, Derbyshire, DE232
£73503/250.46 mi-2
£85005/240.56 mi-2
£85004/240.56 miDarby Street, Derby, DE232
£85004/240.56 miDarby Street, Derby, DE232
£1,25012/240.56 mi-2
£1,25012/240.56 mi-2
£95005/240.57 mi-2
£87512/240.6 miRutland Street2
£77503/240.6 mi100 Whitaker Road, Derby, DE232
£80001/250.61 mi-2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £90,000

January 17, 2025

Floor Plans

Description

  • First floor apartment +
  • Two bedrooms +
  • Lounge and separate kitchen +
  • Off street parking within a residents car park +
  • Electric heating +
  • Double glazing +
  • No upward chain +
  • Ideal first time buy or buy to let investment +
  • Viewing is essential +

Well presented first floor apartment offering two bedrooms, lounge with separate kitchen and off street parking, being sold with no upward chain. This well presented and recently decorated apartment would provide an ideal buy to let investment or first time buy and benefits from electric heating and double glazing. There is a hallway providing access to all rooms, lounge with window to the rear, modern kitchen with ample work surface space, two bedrooms and a bathroom with a three piece suite and an electric shower over the bath. To the rear there is a private residents car park providing off street parking. Viewing is essential.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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