3 Bed Detached House, Refurb/BRRR, Belper, DE56 2TR, £250,000

Oakhurst Close, Belper, DE56 2TR - 1 views - 3 months ago

Refurb/BRRR
~93 m²
+5 photos

ValuationFair Value

Sold Prices£150K - £580K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£248,182

 

 

End Value (After Refurb)

£270,000

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£37,747

Bridging Loan Interest

£6,563

Total Cash In

£118,860

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,000

Mortgage (After Refinance)

£202,500

Mortgage LTV

75%

Cash Released

£15,000

Cash Left In

£103,860

Equity

£67,500

Rent Range

£450 - £1,200

Rent Estimate

£797

Running Costs/mo

£1,023

Cashflow/mo

£-226

Cashflow/yr

£-2,714

Gross Yield

4%

Local Sold Prices

50 sold prices from £150K to £580K, average is £267.5K. £1.5K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£222.5K09/210.01 mi14, Oakhurst Close, Belper, Derbyshire DE56 2TR3
£330K01/230.07 mi13, Wren Park Close, Belper, Derbyshire DE56 2TN3
£250K04/230.07 mi28, Whitehouse Rise, Belper, Derbyshire DE56 2TW3
£192.5K01/210.1 mi9, Gorsey Close, Belper, Derbyshire DE56 2TT3
£250K01/210.1 mi13, Gorsey Close, Belper, Derbyshire DE56 2TT3
£280K12/200.19 mi99, Belper Lane, Belper, Derbyshire DE56 2UH3
£257.5K04/210.21 mi7, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ3
£335K12/220.22 mi27, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ3
£365K03/230.24 mi63, Belper Lane, Belper, Derbyshire DE56 2UQ3
£425K12/200.28 mi32, Lodge Drive, Belper, Derbyshire DE56 2TP3
£430K02/210.32 mi11, Belper Lane, Belper, Derbyshire DE56 2UG3
£234K03/210.53 mi5, Mill View, Belper, Derbyshire DE56 1FE3
£340K06/230.6 mi74, Long Row, Belper, Derbyshire DE56 1DR3
£150K12/200.62 mi8, Birch Vale, Belper, Derbyshire DE56 1BR3
£315K06/210.66 mi40, Long Row, Belper, Derbyshire DE56 1DS3
£323.5K12/200.66 mi34, Long Row, Belper, Derbyshire DE56 1DS3
£288K02/210.66 mi18, George Street, Belper, Derbyshire DE56 1DL3
£304.3K12/200.66 mi11, George Street, Belper, Derbyshire DE56 1DL3
£200K10/210.68 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£215K12/220.68 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£320K03/210.69 mi3, Joseph Street, Belper, Derbyshire DE56 1DP3
£285K02/210.72 mi6, Chevin View, Belper, Derbyshire DE56 1BB3
£191K11/200.73 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.73 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£225K01/230.73 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£210K08/210.77 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£232K02/230.79 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£365K02/210.8 mi10, Plains Lane, Blackbrook, Belper, Derbyshire DE56 2DD3
£580K03/230.8 mi14, Plains Lane, Blackbrook, Belper, Derbyshire DE56 2DD3
£185K09/210.84 mi21, Green Lane, Belper, Derbyshire DE56 1BY3
£295K06/210.84 mi17, Albert Street, Belper, Derbyshire DE56 1DA3
£350K01/230.84 mi14, Albert Street, Belper, Derbyshire DE56 1DA3
£299.9K07/230.84 mi22, Bessalone Drive, Belper, Derbyshire DE56 1ES3
£325K05/210.86 mi10, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£350K03/210.86 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£193K12/200.88 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£157K09/210.88 mi39, Chapel Street, Belper, Derbyshire DE56 1AR3
£300K12/220.91 mi6, Church View, Belper, Derbyshire DE56 1JB3
£330K06/230.91 mi4, Church View, Belper, Derbyshire DE56 1JB3
£242.5K12/200.93 mi15, Laund Close, Belper, Derbyshire DE56 1ET3
£240K06/210.95 mi16, Laund Close, Belper, Derbyshire DE56 1ET3
£188K08/210.96 mi25, High Street, Belper, Derbyshire DE56 1GF3
£210K06/230.96 mi18, High Street, Belper, Derbyshire DE56 1GF3
£258K12/200.98 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.98 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.98 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.98 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£310K12/200.98 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£312K09/210.99 mi19, Far Laund, Belper, Derbyshire DE56 1FJ3
£237.5K12/200.99 mi62, Far Laund, Belper, Derbyshire DE56 1FJ3

Local Rents

50 rents from £450/mo to £1.2K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£51503/250.58 mi-1
£53002/250.58 mi-1
£69003/250.62 mi-1
£65012/240.75 mi63-67 Bridge Street, Belper, Derbyshire1
£67512/240.75 mi63-67a Bridge Street, Belper, Derbyshire1
£70012/240.78 miSt. Laurence Gardens, BELPER1
£77512/240.78 mi-2
£79502/250.78 mi-2
£77512/240.78 miBridge Street, Belper, DE562
£77512/240.79 mi-2
£79504/250.79 mi-2
£77512/240.81 miThe Woodlands, The Orchard, Belper, Derbyshire, DE56 1DF2
£1,00012/240.83 miGreen Lane, Belper, Derbyshire, DE563
£90012/240.83 miChesterfield Road, Belper, Derbyshire, DE563
£95012/240.84 miGreen Lane, Belper, Derby3
£65012/240.88 miKing Street, BELPER2
£59512/240.89 miStrutt Street, Belper2
£87503/250.91 mi-2
£87503/250.91 mi-2
£89512/240.93 miWindmill Lane, Belper3
£77512/240.94 miJaeger Close, BELPER2
£45002/240.95 mi-1
£1,10002/250.97 mi-2
£85012/240.99 miQueen Street, Belper3
£62501/251 mi-1
£76009/231.1 mi-3
£80012/241.13 miFar Laund, Belper3
£90012/241.13 miMarsh Lane, Belper, Derbyshire, DE563
£59502/251.16 mi-1
£1,02502/251.22 mi-2
£79511/241.24 mi-2
£75012/241.27 mi-2
£59512/241.28 miJubilee Court, Belper1
£90012/241.3 miAlder Road, BELPER3
£82512/241.3 miEdensor Drive, BELPER2
£69512/241.34 miEdensor Drive, Belper, Derbyshire, DE562
£1,10012/241.35 miHolbrook Road, Belper2
£1,20012/241.36 miNorbury Way, Belper, Derbyshire, DE564
£67504/251.45 mi-2
£79512/241.45 miBargate Road, Belper2
£89512/241.5 miSycamore Croft, Belper3
£65012/241.52 miDerby Road, Belper, Derbyshire2
£1,15012/241.53 miThornhill Avenue, Belper4
£1,20001/251.54 mi-3
£1,20012/241.55 miClan Drive, Belper, Derby, DE56 1RB3
£59504/251.73 mi-1
£67512/241.76 miPytchley Close, Belper, Derbyshire, DE561
£70002/241.76 mi-1
£75002/251.78 mi-2
£58512/241.79 miWhilton Court, Belper1

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.84 miles away

Nearest school

0.60 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £250,000

March 8, 2025

Listed for £270,000

February 8, 2025

Description

  • Detached House +
  • 3 Bedrooms, 1 Reception Room +
  • In Need of Complete Refurbishment +
  • Cloakroom/WC +
  • Upstairs Bathroom/Wc +
  • Landscaped Gardens +
  • Driveway & Garage +
  • Quiet Cul-De-Sac +
  • COUNCIL TAX BAND C +

Derbyshire, Properties are pleased to present for sale this three bedroom detached family home located in the  popular residential area of 'Belper Lane'. Needing some degree of modernisation, the property briefly comprises of : entrance hall, cloakroom/WC, lounge and kitchen/diner. To the first floor a landing provides access to all three bedrooms and bathroom. Externally the property has gardens to the front, side and rear elevations, driveway and garage. The property has been competitively priced and we recommend an early internal inspection to avoid this disappointment.

Agent Details

Derbyshire Properties, Belper

01773 302133

Next Steps?

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