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2 Bed Flat, Single Let, Derby, DE1 2DY, £185,000

Erasmus Drive, Derby, DE1 2DY - 1 views - 3 months ago

Leasehold
BTL
ROI: 3%
~60 m²
+6 photos

ValuationOvervalued

Sold Prices£38K - £155K
Sold Prices/m²£679/m² - £2.9K/m²

 

 

Square Metres

~60.39 m²
Price/m²£3.1K/m²

Value Estimate

£94,403

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Total Cash In

£57,900

 

 

Cash Out

 

Rent Range

£875 - £1,175

Rent Estimate

£914

Running Costs/mo

£781

Cashflow/mo

£133

Cashflow/yr

£1,597

ROI

3%

Gross Yield

6%

Local Sold Prices

24 sold prices from £38K to £155K, average is £112.5K. £679/m² to £2.9K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£150K10/200.2 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£92K11/210.27 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£155K03/230.34 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£90K07/220.39 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£130K08/210.4 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£78.5K08/210.45 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.45 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£124K03/210.59 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£90K01/230.64 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£140K03/230.67 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£125K12/200.77 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£48K09/210.77 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/210.77 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£136K06/210.77 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£38K04/230.83 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/220.83 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.83 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£127.5K11/200.87 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.87 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£110K05/220.89 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£114K01/230.93 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£143K12/220.94 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£127.5K07/210.94 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£61.5K03/210.97 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2

Local Rents

51 rents from £875/mo to £1.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05003/240 miErasmus Drive, Derby2
£1,05003/240 miErasmus Drive, DERBY2
£1,05003/240 miErasmus Drive, Derby2
£95004/240 miErasmus Drive, Derby, Derbyshire, DE12
£95005/240 miErasmus Drive, Derby2
£1,10005/240 miStrutt House, Erasmus Drive, Derby2
£1,05005/240 miErasmus Drive, Derby2
£95003/240 miSuede House, 45 John Street, Derby, Derbyshire, DE12
£1,05003/240.01 miErasmus Drive, DERBY2
£1,10003/240.01 miErasmus Drive, DERBY2
£1,05003/240.01 miErasmus Drive, DERBY2
£1,10003/240.01 miErasmus Drive, DERBY2
£1,05003/240.01 miErasmus Drive, DERBY2
£1,05003/240.01 miErasmus Drive, DERBY2
£1,10003/240.01 miErasmus Drive, DERBY2
£1,10003/240.01 miErasmus Drive, DERBY2
£1,05004/240.01 miErasmus Drive, DERBY2
£1,05004/240.01 miStrutt House, Derby2
£1,00005/240.01 miErasmus Drive, DERBY2
£1,05005/240.01 miErasmus Drive, Derby2
£95003/240.02 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£1,05003/240.02 miSuede House, 33 Castleward Boulevard, Derby, DE12
£1,05003/240.02 miSaxelbye Avenue, Derby2
£95005/240.02 miSaxelbye Avenue, Derby2
£1,05003/240.04 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£1,00003/240.05 miStrutt House, Erasmus Drive, Derby, DE12
£95004/240.05 miFox House, Erasmus Drive, Derby2
£1,10003/240.06 miFox House, Erasmus Drive, Derby2
£89503/240.06 miFox House, 2 Erasmus Drive, Derby2
£99504/240.06 miFox House, 2 Erasmus Drive, Derby, Derbyshire, DE12
£92504/240.06 miErasmus Drive, Derby, Derbyshire, DE12
£99505/240.06 miFox House, 2 Erasmus Drive, Derby, Derbyshire, DE12
£1,17512/240.06 mi-2
£92504/240.06 mi2 Erasmus Drive, Derby2
£95003/240.06 miFox House, 2 Erasmus Drive, Derby, DE12
£1,04002/240.06 mi-2
£1,04006/240.06 mi-2
£1,04003/240.06 miBilsborrow Avenue, Derby, DE12
£1,04005/240.06 miBilsborrow Avenue, Derby, DE12
£1,15002/240.07 mi-2
£95003/240.07 miDalton House, Bilsborrow Avenue, Derby2
£95005/240.07 miErasmus Drive, Derby, Derbyshire, DE12
£95005/240.07 miErasmus Drive, Derby, Derbyshire, DE12
£87505/240.07 miFox House, Erasmus Drive, Derby2
£1,10003/240.07 miDalton House, Derby, DE1 2BF2
£1,10003/240.07 miBilsborrow Avenue, Derby2
£1,10004/240.07 miBilsborrow Avenue, Derby2
£1,00005/240.07 miBilsborrow Avenue, Derby2
£99503/240.08 miFox House, Derby2
£95004/240.08 miErasmus Drive, Derby2
£1,10005/240.08 miErasmus Drive, Derby2

Links

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.10 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £185,000

January 17, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Close Proximity To City Centre +
  • Move in ready +
  • Kitchen/Living Area +
  • Leasehold +
  • Sought after Location +

Welcome to this stunning apartment on Erasmus Drive, situated within the popular Nightingale Quarter. Located in the heart of the city centre, this exceptional property offers a modern, open-plan living space with an abundance of natural light and fantastic views.

As you enter, you are greeted by a spacious lounge that runs from the front to the back of the apartment, with large windows offering panoramic views over the beautifully reconfigured Pepper Park restaurant. The view is also enjoyed from both adjacent bedrooms, each thoughtfully designed with comfort in mind. One of the bedrooms features a private en-suite, while the other benefits from a well-appointed bathroom that doubles as a Jack and Jill en-suite for added convenience.

The living area also boasts a stylish, brand-new kitchen, which was fitted just two years ago, offering a sleek and contemporary space perfect for cooking and entertaining.

This property is sold with tenants in situ, making it an ideal investment opportunity. The well-maintained communal areas are immaculate, with stairs and a lift providing easy access to the apartment. The property is secured with a key fob entry system, adding an extra layer of peace of mind.

Located just a short walk from the City Centre and with excellent transport links, you’ll find everything you need right on your doorstep—making this the perfect home for those who prefer to leave the car at home.

A wonderful combination of modern living, convenience, and a desirable location. Don’t miss your chance to make this incredible apartment your own.

Agent Details

haart, Derby

01332 215411

Next Steps?

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

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