3 Bed Terraced House, Single Let, Derby, DE23 8EP, £110,000

Twyford Street, Derby, DE23 8EP - 2 views - 2 months ago

Auction
BTL
ROI: 13%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£77.5K - £250K
Sold Prices/m²£879/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£125,032
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£477 - £3,000

Rent Estimate

£900

Running Costs/mo

£544

Cashflow/mo

£356

Cashflow/yr

£4,275

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £77.5K to £250K, average is £134.5K. £879/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£165K06/210.19 mi12, Salisbury Street, Derby, Derbyshire DE23 6SL3
£130K06/230.19 mi7, Renals Street, Derby, City Of Derby DE23 6SJ3
£95K12/200.2 mi18, Chestnut Avenue, Derby, City Of Derby DE23 6WG3
£115K03/210.23 mi28, Holmes Street, Derby, City Of Derby DE23 8GH3
£220K08/220.25 mi16, Lime Avenue, Derby, City Of Derby DE1 1TU3
£195K12/200.25 mi20, Lime Avenue, Derby, City Of Derby DE1 1TU3
£110K02/210.26 mi11, Society Place, Derby, Derbyshire DE23 6UH3
£160K06/210.31 mi138, Burton Road, Derby, City Of Derby DE1 1TN3
£150K11/220.34 mi39, Howard Street, Derby, City Of Derby DE23 6TX3
£156.8K05/230.34 mi36, Sale Street, Derby, City Of Derby DE23 8GD3
£102K12/220.37 mi27, Church Street, Derby, City Of Derby DE23 6QT3
£134K05/230.38 mi127, Grange Street, Derby, City Of Derby DE23 8HD3
£250K02/230.38 mi96, Empress Road, Derby, City Of Derby DE23 6TE3
£157K08/210.38 mi36, St Chads Road, Derby, Derbyshire DE23 6RR3
£123.5K03/230.38 mi84, Northumberland Street, Derby, City Of Derby DE23 6UA3
£160K12/220.39 mi151, Gerard Street, Derby, City Of Derby DE1 1PE3
£150K10/210.41 mi41, Byron Street, Derby, City Of Derby DE23 6TU3
£115K03/210.46 mi22, Augusta Street, Derby, City Of Derby DE23 8HR3
£123K12/200.48 mi14, Sun Street, Derby, City Of Derby DE22 3UL3
£215K09/210.48 mi50, Stonehill Road, Derby, Derbyshire DE23 6TJ3
£90K08/210.5 mi143, Lower Dale Road, Derby, City Of Derby DE23 6XA3
£163K07/210.52 mi12, Horton Street, Derby, City Of Derby DE23 8LN3
£115K01/210.52 mi11, Porter Road, Derby, City Of Derby DE23 6QZ3
£115K05/210.52 mi12, Spring Street, Derby, City Of Derby DE22 3UF3
£200K09/210.52 mi104, St Chads Road, Derby, City Of Derby DE23 6RP3
£145K06/210.53 mi35, Fairfax Road, Derby, City Of Derby DE23 6RX3
£151K02/230.53 mi164, Woods Lane, Derby, City Of Derby DE22 3UE3
£108.5K09/210.53 mi41, May Street, Derby, City Of Derby DE22 3UQ3
£77.5K02/230.53 mi142, Leacroft Road, Derby, City Of Derby DE23 8HX3
£190K03/210.54 mi51, Vicarage Avenue, Derby, City Of Derby DE23 6TQ3
£132K01/210.54 mi28, May Street, Derby, City Of Derby DE22 3UP3
£162K08/210.54 mi20, Fairfax Road, Derby, City Of Derby DE23 6RW3
£135K10/220.55 mi38, Crompton Street, Derby, City Of Derby DE1 1NX3
£110K12/200.55 mi45, Thorn Street, Derby, City Of Derby DE23 6LZ3
£200K08/210.55 mi56, Vicarage Avenue, Derby, City Of Derby DE23 6TP3
£145K09/210.57 mi16, Crown Street, Derby, City Of Derby DE22 3UR3
£83.5K05/210.57 mi21, Netherclose Street, Derby, City Of Derby DE23 8QG3
£95K10/200.57 mi40, St Thomas Road, Derby, City Of Derby DE23 8SU3
£242.5K12/220.57 mi12, Railway Terrace, Derby, City Of Derby DE1 2RU3
£160K05/230.58 mi20, Sherwood Street, Derby, City Of Derby DE22 3UW3
£110K12/220.59 mi44, Almond Street, Derby, City Of Derby DE23 6LW3
£105K01/210.59 mi81, Reeves Road, Derby, City Of Derby DE23 8JF3
£110K05/230.59 mi16, Joseph Street, Derby, City Of Derby DE23 8QH3
£225K06/210.6 mi4, Railway Terrace, Derby, City Of Derby DE1 2RU3
£103K11/200.61 mi72, Porter Road, Derby, City Of Derby DE23 6RA3
£130K12/200.61 mi39, King Alfred Street, Derby, City Of Derby DE22 3QL3
£91K02/210.62 mi71, Holcombe Street, Derby, City Of Derby DE23 8JA3
£111.5K03/210.62 mi34, Scott Street, Derby, City Of Derby DE23 8QT3
£134.9K01/230.64 mi23, Wolfa Street, Derby, City Of Derby DE22 3SE3
£147K11/210.65 mi25, Baseball Drive, Derby, City Of Derby DE23 8NE3

Local Rents

46 rents from £477/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95002/250.01 mi-3
£87504/240.13 miBelgrave Street, Normanton, Derby3
£1,05003/240.15 miHartington Mews, DERBY3
£2,85001/240.27 mi-3
£2,85002/240.27 mi-3
£1,25003/250.27 mi-3
£1,20003/240.27 miErasmus Drive, Derby, Derbyshire3
£1,15003/240.28 miErasmus Drive, Derby3
£1,20003/240.28 miErasmus Drive, Derby DE1 2EH3
£1,15004/240.28 miErasmus Drive, Derby3
£1,20003/240.29 miSaxelbye Avenue, DERBY3
£1,20003/240.29 miSaxelbye Avenue, Derby, DE1 2UH3
£1,25004/240.29 miSaxelbye Avenue, DERBY3
£1,25002/250.3 mi-3
£3,00003/240.31 mi-3
£95003/240.39 miWebster Street, City Centre 3
£47704/240.4 miWebster Street3
£47705/240.4 miWebster Street3
£1,30001/250.4 mi-3
£1,30002/250.4 mi-3
£1,30003/250.4 mi-3
£1,50012/240.41 mi-3
£1,45012/240.41 mi-3
£99503/240.43 miForester Street3
£85002/250.44 mi-3
£82504/240.44 miHope St, Derby City Centre3
£1,15003/240.45 miCarrington Street, Derby3
£80003/240.46 mi-3
£80002/240.46 mi-3
£80012/240.46 miFarm Street, Derby, DE223
£95002/240.48 mi-3
£89512/240.5 mi-3
£1,30008/240.5 mi-3
£1,30001/250.5 mi-3
£1,30003/250.5 mi-3
£75004/240.51 miDexter Street, Derby, Derby, DE233
£90004/250.52 mi-3
£99512/240.53 miWoods Lane, Derby3
£85003/240.54 miST. James Road, Derby3
£1,40003/250.56 mi-3
£1,49512/240.57 mi-3
£85004/240.59 miReeves Road, Normanton3
£90012/240.6 mi-3
£97512/240.6 miWerburgh Street, Derby 3
£99503/240.61 miPorter Road, DERBY3
£1,00001/250.61 mi-3

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £110,000

February 4, 2025

Floor Plans

Description

  • Three Spacious Bedrooms: Well-proportioned rooms offering flexibility for family living. +
  • Generous Living Room: A versatile space suitable for relaxation or entertaining. +
  • Efficient Kitchen: Compact design with ample workspace and storage for everyday needs. +
  • First-Floor Bathroom: Practical layout with essential fixtures, including a bath, sink, and toilet. +
  • Investment Potential: Currently has tenants in situ paying £900pcm. +
  • Approx. 72.3 sq. metres: Well-designed layout maximising usable space. +
  • Convenient Location: Close to local amenities, schools, and transport links. +
  • Vacant Possession: Ready for immediate occupation or marketing to tenants. +
  • Sought-After Area: Located in a popular neighbourhood, ideal for buyers and investors alike. +
  • No Onward Chain: Simplified purchasing process with fewer delays. +

SUMMARY This three-bedroom home offers a practical layout, suitable for families, first-time buyers, or investors. The property spans approximately 72.3 square metres (778 square feet), providing well-proportioned living spaces.

On the ground floor, the living room offers a versatile space for day-to-day use, with a straightforward design that accommodates a variety of furniture layouts.

The first floor includes three bedrooms, each offering functional space suitable for various uses, such as family living, guest accommodation, or a home office. The kitchen provides ample storage and work surfaces, while the bathroom is equipped with a practical layout to meet everyday needs.

This property also presents an excellent investment opportunity, having previously been let at £850 per calendar month, with potential to achieve £950 per calendar month in the current market. Its location and layout make it appealing to tenants, ensuring a strong rental return.

Located close to local amenities, transport links, and schools, this property provides convenience and accessibility. It is a suitable choice for both owner-occupiers and investors.

Viewings are recommended to fully assess the potential of this property. 

LIVING ROOM Located on the ground floor, this room provides a functional space for relaxing or entertaining. With a simple layout, it accommodates a variety of furniture arrangements and benefits from easy access to the rest of the property. 

BEDROOM 1 This spacious double bedroom is positioned on the first floor and offers ample room for a bed and additional furniture. Its proportions make it ideal as the primary bedroom. 

BEDROOM 2 Another well-sized double bedroom on the first floor, providing versatility for use as a guest room, home office, or additional sleeping space. 

BEDROOM 3 A bright and practical room, slightly larger than Bedroom 2, this space can serve as a secondary bedroom or adaptable living area depending on the occupant's needs. 

KITCHEN Compact yet efficient, the kitchen features ample workspace and storage, making it suitable for preparing and cooking meals. Its layout is designed for practicality and ease of use. 

BATHROOM A neatly arranged bathroom fitted with essential fixtures, including a bath, sink, and toilet, providing a functional space to meet everyday requirements. 

LANDING The first-floor landing connects all rooms and provides seamless movement throughout the upper floor of the property. 

FREE PROPERTY VALUATION Why Choose Tristram's?

- Exceptional Service: Experience the difference with Tristram's renowned service. Our dedicated team goes above and beyond to ensure your needs are not just met but exceeded at every turn.

- Rave Reviews: Don't just take our word for it! Explore our glowing reviews on Google, where satisfied clients sing our praises. Discover why Tristram's Sales & Lettings stands out from the crowd!

What We Offer:

- Free Valuation: Gain insights into your property's true value with our complimentary valuation service. Unlock hidden opportunities and maximize your return on investment.

- Expert Advice: Benefit from personalized, expert advice tailored to your unique goals and circumstances. We're here to guide you through every decision, ensuring you're empowered to make the best choices for your property.

- Results-Driven Approach: From strategic marketing to finding the perfect buyer or tenant, Tristram's delivers results that exceed expectations. Let us unleash the full potential of your property and propel you towards your real estate dreams!

Ready to embark on your property journey with confidence? Contact Tristram's today and let's turn your aspirations into reality! 

DISCLAIMER Money Laundering Regulations: Tristram's ask intending purchasers to produce identification documentation. Any delay in receiving this information may cause a delay in agreeing a sale.

Measurements: The room sizes are approximate and are only intended as a guide to the size of the property. We would advise you to verify any measurements that you may require.

Services: Please note Tristram's do not test services, any equipment or appliances in the properties that we market, therefore we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

These particulars are issued in good faith as a guide to prospective purchasers, they do not constitute representations of fact or form part of any offer or contract. The particulars of any property we market should be independently verified by prospective buyers. Neither Tristram's Property Services Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatsoever in relation to this property. Tristram's has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

While we endeavour to make our sales particulars as fair, accurate and reliable as possible, they are only a general guide for prospective purchasers, therefore if there is any point which is of a particular importance to you, please contact the office and we will be pleased to look into this for you. 

SALE METHOD This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a Non Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase
price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Agent Details

Tristrams Sales & Lettings, Nottingham

0115 647 4633

Next Steps?

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