2 Bed Terraced House, Single Let, Derby, DE22 3US, £125,000

Riddings Street, Derby, DE22 3US - 2 months ago

BTL
ROI: 5%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£87.5K - £160K
Sold Prices/m²£1.1K/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£110,870

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£5,100

Total Cash In

£36,350

 

 

Cash Out

 

Rent Range

£395 - £2,000

Rent Estimate

£725

Running Costs/mo

£556

Cashflow/mo

£169

Cashflow/yr

£2,033

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £87.5K to £160K, average is £120.8K. £1.1K/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£135K04/230 mi8, Riddings Street, Derby, City Of Derby DE22 3US2
£145K04/230.02 mi37, May Street, Derby, City Of Derby DE22 3UQ2
£125K10/200.02 mi77, May Street, Derby, City Of Derby DE22 3UQ2
£133K12/220.03 mi59, Riddings Street, Derby, City Of Derby DE22 3UT2
£117K10/200.08 mi18, Farm Street, Derby, City Of Derby DE22 3UH2
£95K12/200.08 mi32, Farm Street, Derby, Derbyshire DE22 3UH2
£147K05/210.1 mi52, Warner Street, Derby, City Of Derby DE22 3TS2
£120K02/230.11 mi15, Sun Street, Derby, City Of Derby DE22 3UL2
£107K03/210.11 mi29, Sun Street, Derby, City Of Derby DE22 3UL2
£120K07/210.11 mi6, Sun Street, Derby, Derbyshire DE22 3UL2
£97K07/230.13 mi9, Spring Street, Derby, City Of Derby DE22 3UF2
£138K01/230.14 mi12, Pelham Street, Derby, City Of Derby DE22 3UG2
£129K03/230.18 mi32, Woods Lane, Derby, City Of Derby DE22 3UA2
£100K05/210.18 mi18, Woods Lane, Derby, City Of Derby DE22 3UA2
£125K01/210.19 mi16, Spa Lane, Derby, City Of Derby DE1 1QA2
£125.5K02/230.2 mi239, Abbey Street, Derby, City Of Derby DE22 3ST2
£120.5K05/230.22 mi21, Raven Street, Derby, City Of Derby DE22 3WA2
£112K09/210.23 mi64, Lynton Street, Derby, City Of Derby DE22 3RU2
£122K11/210.24 mi94, Moss Street, Derby, City Of Derby DE22 3WE2
£91K03/210.24 mi84, Moss Street, Derby, City Of Derby DE22 3WE2
£100K05/230.24 mi237, Abbey Street, Derby, City Of Derby DE22 3ST2
£125K11/220.24 mi64, Werburgh Street, Derby, City Of Derby DE22 3QG2
£115K10/210.25 mi67, Dean Street, Derby, City Of Derby DE22 3PU2
£125K01/230.26 mi59, Jackson Street, Derby, City Of Derby DE22 3SA2
£142.1K08/210.26 mi5, Bakewell Street, Derby, City Of Derby DE22 3SB2
£108K06/210.26 mi11, Olive Street, Derby, Derbyshire DE22 3RH2
£114K04/210.27 mi69, King Alfred Street, Derby, City Of Derby DE22 3QL2
£100K10/210.27 mi65, King Alfred Street, Derby, City Of Derby DE22 3QL2
£130K01/230.27 mi85, King Alfred Street, Derby, City Of Derby DE22 3QL2
£120K12/200.27 mi40, Dean Street, Derby, City Of Derby DE22 3PS2
£114.3K07/230.27 mi44, Dean Street, Derby, City Of Derby DE22 3PS2
£111K10/210.27 mi41, Ward Street, Derby, Derbyshire DE22 3RY2
£150K01/230.27 mi108, Empress Road, Derby, City Of Derby DE23 6TE2
£96.1K01/230.28 mi23, Dean Street, Derby, City Of Derby DE22 3PS2
£132K11/200.28 mi1, Breedon Hill Road, Derby, Derbyshire DE23 6TH2
£140K04/210.28 mi17, Harcourt Street, Derby, City Of Derby DE1 1PW2
£115K05/210.28 mi1, Harcourt Street, Derby, City Of Derby DE1 1PW2
£145K08/230.28 mi72, King Alfred Street, Derby, City Of Derby DE22 3QJ2
£123.5K02/210.28 mi24, King Alfred Street, Derby, City Of Derby DE22 3QJ2
£107.5K04/210.29 mi11, Dean Street, Derby, City Of Derby DE22 3PR2
£113K01/230.29 mi1, Webster Street, Derby, City Of Derby DE1 1PT2
£160K05/230.29 mi3, Webster Street, Derby, City Of Derby DE1 1PT2
£118K02/210.31 mi201, Drewry Lane, Derby, City Of Derby DE22 3QT2
£130K06/230.31 mi179, Drewry Lane, Derby, City Of Derby DE22 3QT2
£87.5K10/200.33 mi96, Drewry Lane, Derby, City Of Derby DE22 3QU2
£101K04/210.33 mi55, Leicester Street, Derby, City Of Derby DE22 3PW2
£140K01/230.33 mi26, Leicester Street, Derby, City Of Derby DE22 3PX2
£124K11/210.34 mi54, Westbury Street, Derby, City Of Derby DE22 3PN2
£121K11/200.34 mi70b, Westbury Street, Derby, City Of Derby DE22 3PN2
£135K03/230.34 mi105, Drewry Lane, Derby, City Of Derby DE22 3QS2

Local Rents

52 rents from £395/mo to £2K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£75012/240 miRiddings Street, Derby, DE222
£75012/240.02 mi-2
£85002/240.02 mi-2
£82512/240.03 mi-2
£89512/240.04 mi-2
£80012/240.07 mi-2
£80002/240.07 mi-2
£80012/240.07 miVale Mills, Derby, DE222
£85002/250.08 mi-2
£1,00003/240.09 miFox House, Erasmus Drive, Derby2
£1,02503/240.09 miFox house, Erasmus Drive, Derby DE1 2EL2
£1,10003/240.09 miFox House, 2 Erasmus Drive, DE1 2ES2
£90003/240.09 miFox House, Derby2
£1,05003/240.09 miErasmus Drive, Derby2
£1,00003/240.09 miFox House, Erasmus Drive2
£1,05004/240.09 miErasmus Drive, Derby2
£1,00004/240.09 miErasmus Drive, Derby2
£1,00004/240.09 miErasmus Drive, Derby2
£1,05004/240.09 miErasmus Drive, Derby2
£90004/240.09 miFox House, Derby2
£95004/240.09 miErasmus Drive, Derby2
£1,00004/240.09 miErasmus Drive, Derby2
£92504/240.09 miFox House, Erasmus Drive2
£95005/240.09 miFox House, 2 Erasmus Drive DE1 2EL2
£80012/240.09 miFarm Street, Derby, Derbyshire, DE222
£71502/240.11 mi-2
£84503/250.12 mi-2
£79512/240.12 miSpring Street, Derby, Derbyshire2
£85012/240.14 miSpring Street, Derby2
£85012/240.16 mi-2
£95001/240.17 mi-2
£72512/240.19 miWoods Lane, Derby DE22 3UA2
£77512/240.19 mi-2
£2,00003/240.21 mi-2
£2,00002/240.21 mi-2
£2,00002/240.21 mi-2
£75012/240.21 mi-2
£90012/240.21 mi-2
£76001/250.21 mi-2
£59512/240.21 miWoods Lane, Derby2
£80012/240.22 miLynton Street, Derby, DE222
£1,90003/250.22 mi-2
£72511/240.22 mi-2
£80002/240.22 mi-2
£39512/240.23 miLynton Street, Derby, 2
£85002/250.23 mi-2
£95005/240.24 mi-2
£95012/240.24 mi-2
£95001/250.24 mi-2
£95001/250.24 mi-2
£75012/240.24 miAbbey Street, Derby - Available Now2
£75001/240.25 mi-2

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £125,000

March 12, 2025

Listed for £130,000

February 4, 2025

Floor Plans

Description

  • Traditional Mid Terrace +

  • Some Improvement Needed +

  • Two Bedrooms +

  • Two Reception Rooms +

  • Close To City / Hospital and Road Links +

  • Ideal First Time Buy / Investment +

  • No Chain +

SUMMARY
NO CHAIN - A traditiona two bedroom mid terrace property in a popular location close to Derby City centre offer for sale with no onward chain.

DESCRIPTION
A traditional mid terrace property in a popular location close to Derby City centre offer for sale with no onward chain. The accommodation would ideally suit a first-time buyer or buy to let investor and in brief comprises a lounge, separate dining room, kitchen, two good size first floor bedrooms and bathroom. Outside to the rear of the property is a low maintenance garden area.

The property is well placed for access to Derby City, The Royal Derby Hospital, University Campuses and road links with the A38 and A52.

Internal viewing comes highly advised.

Lounge 11' 2" x 11' 11" max ( 3.40m x 3.63m max )
Entrance hallway, radiator, feature fireplace, double glazed window, access to dining room.

Dinng Room 11' 3" x 11' 2" max ( 3.43m x 3.40m max )
Stairs to the first floor, radiator, double glazed window, feature fire place, door to kitchen.

Kitchen 8' 9" x 6' 2" ( 2.67m x 1.88m )
Fitted with wall and base units, work surfaces, sink and drainer, cooker point, wall mounted boiler, double glazed window and double glazed door to the garden.

First Floor Landing 
Doors to bedrooms and bathroom.

Bedroom One 11' 3" x 11' 1" max ( 3.43m x 3.38m max )
Double glazed window and radiator.

Bedroom Two 11' x 8' 1" max ( 3.35m x 2.46m max )
Double glazed window to the rear and radiator.

Bathroom 
Fitted with a bath, low level wc and wash hand basin, double glazed window to the rear.

Outside 
To the rear of the property is a low maintenance garden area with side access.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Ashley Adams, Derby

01332 215448

Next Steps?

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