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

7 Stuart Street, Derby, DE1, DE1 2EB - 1 views - 10 months ago

Sold STC

Leasehold

BTL

~67 m²

+12 photos

ValuationOvervalued

Sold Prices	£47.5K - £174K
Sold Prices/m²	£950/m² - £2.9K/m²

Square Metres	~67.47 m²
Price/m²	£2.7K/m²
Value Estimate	£112,188£112,188

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£11,650£11,650
Total Cash In	£57,900£57,900

Cash Out
Rent Range	£725 - £1,950£725 - £1,950
Rent Estimate	£756
Running Costs/mo	£749£749
Cashflow/mo	£7£7
Cashflow/yr	£80£80
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £47.5K to £174K, average is £124.8K. £950/m² to £2.9K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£129K	10/24	0.02 mi	7 Derby Riverside, Apartment 21, Stuart Street, Derby DE1 2EB	£2,932	44	2	Flat
£126.3K	12/24	0.02 mi	Apartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB	£2,745	46	2	Flat
£126.3K	12/24	0.02 mi	Apartment 14, 7 Derby Riverside, Stuart Street, Derby DE1 2EB	-	-	2	Flat
£97.5K	10/24	0.15 mi	26, St Marys Court, Derby DE1 3DD	£1,990	49	2	Flat
£112K	05/24	0.18 mi	City Walk, 5, City Road, Derby DE1 3QD	£1,647	68	2	Flat
£116K	05/21	0.18 mi	27, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£157K	11/24	0.23 mi	The School Yard, 8, Edward Street, Derby DE1 3BL	£2,243	70	2	Flat
£157K	11/24	0.23 mi	8, The School Yard, Edward Street, Derby DE1 3BL	-	-	2	Flat
£114K	01/23	0.24 mi	Apartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA	-	-	2	Flat
£47.5K	10/24	0.28 mi	Millers Court, 5, Edward Street, Derby DE1 3BN	£950	50	2	Flat
£90K	05/25	0.28 mi	5, Millers Court, Edward Street, Derby DE1 3BN	-	-	2	Flat
£110K	04/24	0.3 mi	Parkland View, Flat 36, Bath Street, Derby DE1 3FG	£1,667	66	2	Flat
£123K	03/25	0.31 mi	Flat 30, Parkland View, Bath Street, Derby DE1 3FG	£1,618	76	2	Flat
£123K	03/25	0.31 mi	Flat 30, Parkland View, Bath Street, Derby DE1 3FG	-	-	2	Flat
£118K	06/24	0.33 mi	Parkland View, Flat 81, Bath Street, Derby DE1 3FG	£1,788	66	2	Flat
£174K	11/24	0.36 mi	Weavers Point, 9, Lodge Lane, Derby DE1 3HE	£2,384	73	2	Flat
£174K	11/24	0.36 mi	9, Weavers Point, Lodge Lane, Derby DE1 3HE	£2,384	73	2	Flat
£122K	01/25	0.38 mi	Apartment 3, Hawthorn House, North Street, Derby DE1 3AZ	£1,821	67	2	Flat
£122K	01/25	0.38 mi	Apartment 3, Hawthorn House, North Street, Derby DE1 3AZ	-	-	2	Flat
£150.3K	04/25	0.41 mi	21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG	£2,277	66	2	Flat
£150.3K	04/25	0.41 mi	21, Longs Mill Brookbridge Court, Brook Street, Derby DE1 3LG	-	-	2	Flat
£146K	08/22	0.41 mi	Longs Mill Brookbridge Court, 23, Brook Street, Derby DE1 3LG	£2,517	58	2	Flat
£163.5K	07/25	0.43 mi	2b, Belper Road, Derby DE1 3EN	-	-	2	Flat
£143K	12/22	0.43 mi	100, Bridge Street, Derby, City Of Derby DE1 3LF	£1,663	86	2	Flat
£140K	03/23	0.46 mi	First Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF	-	-	2	Flat
£125K	08/24	0.47 mi	56, Drage Street, Derby DE1 3RW	£2,315	54	2	Flat
£127.5K	07/21	0.48 mi	Apartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE	-	-	2	Flat
£85K	10/21	0.51 mi	12, Nuns Street, Derby, City Of Derby DE1 3LL	£1,169	73	2	Flat
£101.5K	06/24	0.52 mi	Centro West, 50, Searl Street, Derby DE1 1BW	£1,611	63	2	Flat
£135K	08/22	0.55 mi	41, Auriga Court, Derby, City Of Derby DE1 3RH	-	-	2	Flat
£160K	05/24	0.58 mi	Westgate, Flat 21, Mill Street, Derby DE1 1DH	£2,162	74	2	Flat
£90K	07/22	0.58 mi	Flat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS	-	-	2	Flat
£119K	07/23	0.63 mi	25, Magnus Court, Derby DE21 4TQ	£1,803	66	2	Flat
£110K	05/22	0.63 mi	Flat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB	-	-	2	Flat
£124.5K	06/23	0.63 mi	23, Magnus Court, Derby DE21 4TQ	£1,804	69	2	Flat
£127.5K	07/23	0.63 mi	21, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,821	70	2	Flat
£124.5K	06/23	0.63 mi	23, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,804	69	2	Flat
£109K	03/22	0.63 mi	15, Magnus Court, Derby, City Of Derby DE21 4TQ	£2,019	54	2	Flat
£138K	01/23	0.63 mi	33, Magnus Court, Derby, City Of Derby DE21 4TQ	£2,344	59	2	Flat
£48K	09/21	0.63 mi	Flat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£135K	02/25	0.63 mi	53, Magnus Court, Derby DE21 4TQ	£1,985	68	2	Flat
£135K	02/25	0.63 mi	53, Magnus Court, Derby DE21 4TQ	-	-	2	Flat
£85K	06/21	0.63 mi	Flat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£127.5K	07/23	0.63 mi	21, Magnus Court, Derby DE21 4TQ	£1,821	70	2	Flat
£121.3K	01/22	0.64 mi	11, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,837	66	2	Flat
£117.5K	05/22	0.64 mi	41, Magnus Court, Derby, City Of Derby DE21 4TQ	-	-	2	Flat
£117K	08/21	0.64 mi	37, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,828	64	2	Flat
£125K	07/22	0.64 mi	31, Magnus Court, Derby, City Of Derby DE21 4TQ	-	-	2	Flat
£130K	02/24	0.64 mi	27, Magnus Court, Derby DE21 4TQ	£2,549	51	2	Flat
£130K	02/24	0.64 mi	27, Magnus Court, Derby DE21 4TQ	-	-	2	Flat

Local Rents

50 rents from £725/mo to £1.9K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£900	08/25	0 mi	Stuart Street, Derby	2	Room
£895	03/24	0 mi	Riverside House, Stuart Street	2	Flat
£900	03/24	0 mi	Derby Riverside, Derby, DE1 2EB	2	Flat
£875	03/24	0 mi	Derby Riverside, Stuart Street, Derby, DE1 2EB	2	Flat
£925	04/24	0 mi	Stuart Street, DERBY	2	Flat
£900	06/25	0 mi	Derby Riverside, Stuart Street, Derby, DE1 2EB	2	Flat
£900	06/25	0 mi	Derby Riverside, 7 Stuart Street	2	Flat
£1,000	07/25	0 mi	Riverside House, Stuart Street, Derby	2	Flat
£900	08/25	0 mi	Stuart Street, Derby, DE1	2	Flat
£900	11/25	0 mi	Stuart Street, Derby, DE1	2	Flat
£925	11/25	0 mi	Derby Riverside, Stuart Street, Derby, DE1 2EB	2	Flat
£800	09/25	0 mi	Stuart Street, Derby, Derbyshire, DE1	2	Flat
£795	08/25	0 mi	Stuart Street, Derby	2	Flat
£795	08/25	0.01 mi	Apt Riverside House Stuart Street, Derby City	2	Flat
£775	07/25	0.01 mi	The Riverside Development, Stuart Street, Derby, DE1 2EB	2	Flat
£1,150	09/25	0.01 mi	Stuart Street, Derby Riverside, DE1	2	Flat
£875	03/24	0.02 mi	Riverside, Stuart Street	2	Flat
£775	08/25	0.02 mi	Stuart Street, Derby, DE1 2EB	2	Flat
£725	08/25	0.02 mi	Stuart Street, Derby, DE1 2EB	2	Flat
£750	07/25	0.02 mi	Riverside House, Stuart Street, Derby, DE1 2EB	2	Flat
£895	08/25	0.02 mi	Derby Riverside, 7 Stuart Street, Derby, Derbyshire, DE1 2EB	2	Flat
£1,700	04/25	0.02 mi	-	2	Flat
£1,400	05/25	0.02 mi	-	2	Flat
£1,500	06/25	0.02 mi	-	2	Flat
£1,500	06/25	0.02 mi	-	2	Flat
£1,400	05/25	0.02 mi	Derby Riverside, Derby, DE1	2	Flat
£1,500	06/25	0.02 mi	Derby Riverside, Derby, DE1	2	Flat
£950	04/24	0.02 mi	Stuart Street, Derby	2	Flat
£995	08/25	0.02 mi	-	2	Flat
£995	08/25	0.02 mi	Riverside, Derby, DE1	2	Flat
£975	10/25	0.02 mi	Derby Riverside, 7 Stuart Street, Derby, Derbyshire, DE1 2EB	2	Flat
£925	11/25	0.02 mi	Stuart Street, Derby, DE1	2	Flat
£875	07/25	0.02 mi	Riverside House, Derby	2	Flat
£900	08/25	0.02 mi	Riverside House, Derby	2	Flat
£1,700	05/24	0.02 mi	Derby Riverside, Derby, DE1	2	Flat
£1,950	05/24	0.02 mi	-	2	Flat
£1,700	05/24	0.02 mi	-	2	Flat
£1,800	12/24	0.02 mi	-	2	Flat
£1,850	12/24	0.02 mi	-	2	Flat
£1,700	12/24	0.02 mi	-	2	Flat
£1,650	12/24	0.02 mi	-	2	Flat
£1,695	12/24	0.02 mi	-	2	Flat
£1,695	12/24	0.02 mi	-	2	Flat
£1,699	12/24	0.02 mi	-	2	Flat
£1,650	12/24	0.02 mi	-	2	Flat
£1,800	01/25	0.02 mi	-	2	Flat
£1,650	01/25	0.02 mi	-	2	Flat
£1,700	01/25	0.02 mi	-	2	Flat
£1,750	01/25	0.02 mi	-	2	Flat
£1,850	03/25	0.02 mi	-	2	Flat

Local Area Statistics

Population in DE1	14,04614,046
Population in Derby	308,324308,324
Town centre distance	0.72 miles away0.72 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.82 miles away0.82 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £185,000

February 3, 2025

Floor Plans

Description

Luxury Penthouse Apartment +
Two Double Bedrooms +
City Centre Location +
Balcony With Spectacular Views +
Bathroom & En Suite +
Secure Allocated Parking Space +
Vacant Possession +
No Upward Chain +
Leasehold +

A stunning two-bedroom penthouse apartment located in the sought-after Riverside Development in Derby City Centre. Offering a unique blend of modern living and breathtaking panoramic views over the city skyline. Available with vacant possession and no onward chain, this is a fantastic opportunity for buyers looking for a smooth and hassle-free purchase. As you enter, you’re welcomed by a bright hallway leading into an expansive open-plan lounge, kitchen, and dining area, designed for modern, sociable living. The space is flooded with natural light and provides direct access to a private balcony. The standout feature of this apartment is its large private balcony, which spans the full length of the property and is accessible from both the main bedroom and the living area. It offers fantastic riverside views and a perfect outdoor space for relaxation or entertaining. The apartment boasts two generously sized double bedrooms, ideal for professionals, couples, or investors. The master bedroom benefits from its own modern en-suite bathroom, providing added convenience and privacy. A stylish and well-appointed main bathroom completes the space, perfect for guests or shared use. For added security and convenience, the apartment comes with an allocated parking space within a secure gated development, offering peace of mind in the heart of the city. Situated in Derby’s vibrant City Centre, this penthouse enjoys easy access to local amenities, shopping, dining, and transport links, making it an excellent opportunity for both homeowners and investors alike. This luxury penthouse is a rare opportunity to own a high-end property with unrivaled views, modern living spaces, and a fantastic riverside setting. Available with no onward chain and vacant possession, early viewing is highly recommended. EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 981 years 3 months,

Agent Details

Northwood, Derby

01332 215583

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Auction