2 Bed Flat, Single Let, Derby, DE73 5QA, £147,500

Parkway, Chellaston, DE73 5QA - 2 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£60K - £220K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£142,903

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,875

Stamp Duty & Legal Fees

£5,625

Total Cash In

£42,500

 

 

Cash Out

 

Rent Range

£725 - £875

Rent Estimate

£795

Running Costs/mo

£640

Cashflow/mo

£155

Cashflow/yr

£1,861

ROI

4%

Gross Yield

6%

Local Sold Prices

22 sold prices from £60K to £220K, average is £124.3K. £1.7K/m² to £3.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£112.5K10/210.04 mi105, Parkway, Chellaston, Derby, City Of Derby DE73 5QB2
£126K04/230.04 mi103, Parkway, Chellaston, Derby, City Of Derby DE73 5QB2
£112.5K10/210.04 mi105, Parkway, Chellaston, Derby, City Of Derby DE73 5QB2
£115K12/210.07 mi32, Prestwick Way, Chellaston, Derby, City Of Derby DE73 5AB2
£87K03/230.09 mi29, Thurstone Furlong, Chellaston, Derby, City Of Derby DE73 5PZ2
£149.9K02/220.34 mi28, Ferncroft Walk, Chellaston, Derby, City Of Derby DE73 6SA2
£60K08/210.4 miFlat 12, Stonyhurst Court, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9JZ2
£80K12/200.45 mi20, Sheldon Court, Shelton Lock, Derby, City Of Derby DE24 9QR2
£95.5K05/220.48 mi34, Stonebroom Walk, Shelton Lock, Derby, City Of Derby DE24 9QS2
£220K06/210.5 mi10, Ranworth Close, Derby, City Of Derby DE24 9QG2
£114K08/220.55 mi4, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ2
£104K01/220.55 mi6, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ2
£121K03/230.55 mi14, Blithfield Gardens, Chellaston, Derby, City Of Derby DE73 6XQ2
£180K05/210.57 mi39, Green Avenue, Chellaston, Derby, City Of Derby DE73 6TE2
£160K06/210.57 mi5, Lorraine Close, Shelton Lock, Derby, City Of Derby DE24 9EX2
£175K12/210.68 mi1, Whitehouse Close, Shelton Lock, Derby, City Of Derby DE24 9QE2
£162K11/200.72 mi109, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EY2
£138.5K03/210.72 mi95, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EY2
£160K11/220.72 mi17, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ2
£122.5K06/210.72 mi7, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ2
£175K08/210.73 mi120, Sinfin Avenue, Shelton Lock, Derby, City Of Derby DE24 9EZ2
£140K09/220.73 mi15, Highgrove Court, Shelton Lock, Derby, City Of Derby DE24 9SJ2

Local Rents

10 rents from £725/mo to £875/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£79504/240.03 miAlonso Close, Chellaston2
£85002/250.04 mi-2
£72503/240.07 miPrestwick Way, Chellaston, Derby, DE732
£79503/240.09 miThurstone Furlong, Chellaston2
£85012/240.1 mi-2
£87503/240.21 miRose Close, Chellaston, Derby, Derbyshire, DE73 5XP2
£80003/240.33 miLockington Close, Chellaston2
£85003/240.45 miSimcoe Leys, Chellaston, Derby2
£82503/240.45 miSimcoe Leys, Chellaston2
£85003/240.5 miGreen Avenue, Chellaston, Derby, DE73 6TE2

Local Area Statistics

Population in DE73

19,040

Population in Derby

308,324

Town centre distance

3.24 miles away

Nearest school

0.20 miles away

Nearest train station

2.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £147,500

January 18, 2025

Floor Plans

Description

  • Two Double Bedroom Ground Floor Apartment Of Standard Construction +
  • EPC Rating C +
  • Council Tax Band B +
  • Allocated Parking +
  • No Upward Chain +
  • Leasehold +
  • Well Presented Interior +
  • uPVC Double Glazing & Gas Central Heating +
  • Good Access To Major Roads & Local Amenities +

NO UPWARD CHAIN Located in the sought-after area of Chellaston is this well presented, two bedroom ground floor apartment, ideal for a first time buyer or investor, and having the benefit of an allocated parking space, uPVC double glazing, gas central heating and a low maintenance garden.

In brief, the accommodation comprises: Entrance hall; spacious lounge with twin French doors opening out onto the garden; fitted kitchen/diner; two double bedrooms; bathroom having a three-piece suite.

Outside, to the rear of the property is a low maintenance, enclosed garden with patio area, artificial lawn, fenced boundaries and a secure gate giving access to the allocated parking space.

Parkway is conveniently situated for local amenities, including shops and well-regarded schools, together with good road links with the A50, A52, access for East Midlands Airport and the M1 motorway.

Viewings are essential to appreciate the size and standard of the accommodation and the location of the property on offer.

Agent Details

Hannells Estate Agents, Chellaston

01332 215260

Next Steps?

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