2 Bed Terraced House, Single Let, Derby, DE22 3WA, £140,000

Raven Street, Derby, Derbyshire, DE22 3WA - 2 views - a month ago

BTL
ROI: 5%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£75K - £300K
Sold Prices/m²£1.1K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£111,626

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£750 - £2,450

Rent Estimate

£762

Running Costs/mo

£610

Cashflow/mo

£152

Cashflow/yr

£1,825

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £300K, average is £120.8K. £1.1K/m² to £6.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£120.5K05/230 mi21, Raven Street, Derby, City Of Derby DE22 3WA2
£115K10/210.06 mi67, Dean Street, Derby, City Of Derby DE22 3PU2
£122K11/210.11 mi94, Moss Street, Derby, City Of Derby DE22 3WE2
£91K03/210.11 mi84, Moss Street, Derby, City Of Derby DE22 3WE2
£120K12/200.11 mi40, Dean Street, Derby, City Of Derby DE22 3PS2
£114.3K07/230.11 mi44, Dean Street, Derby, City Of Derby DE22 3PS2
£96.1K01/230.14 mi23, Dean Street, Derby, City Of Derby DE22 3PS2
£124K11/210.15 mi54, Westbury Street, Derby, City Of Derby DE22 3PN2
£121K11/200.15 mi70b, Westbury Street, Derby, City Of Derby DE22 3PN2
£107.5K04/210.15 mi11, Dean Street, Derby, City Of Derby DE22 3PR2
£101K04/210.15 mi55, Leicester Street, Derby, City Of Derby DE22 3PW2
£140K01/230.17 mi26, Leicester Street, Derby, City Of Derby DE22 3PX2
£133K12/220.19 mi59, Riddings Street, Derby, City Of Derby DE22 3UT2
£145K04/230.22 mi37, May Street, Derby, City Of Derby DE22 3UQ2
£125K10/200.22 mi77, May Street, Derby, City Of Derby DE22 3UQ2
£135K04/230.22 mi8, Riddings Street, Derby, City Of Derby DE22 3US2
£147K05/210.24 mi52, Warner Street, Derby, City Of Derby DE22 3TS2
£148K03/210.27 mi106, St Albans Road, Derby, City Of Derby DE22 3JP2
£110.5K11/200.28 mi61, Upper Boundary Road, Derby, City Of Derby DE22 3NU2
£108K06/210.28 mi11, Olive Street, Derby, Derbyshire DE22 3RH2
£118K10/200.28 mi60, Bedford Street, Derby, City Of Derby DE22 3PD2
£117K10/200.28 mi18, Farm Street, Derby, City Of Derby DE22 3UH2
£95K12/200.28 mi32, Farm Street, Derby, Derbyshire DE22 3UH2
£117.5K08/210.29 mi22, Crosby Street, Derby, City Of Derby DE22 3NY2
£132K11/200.31 mi1, Breedon Hill Road, Derby, Derbyshire DE23 6TH2
£120K02/230.33 mi15, Sun Street, Derby, City Of Derby DE22 3UL2
£107K03/210.33 mi29, Sun Street, Derby, City Of Derby DE22 3UL2
£120K07/210.33 mi6, Sun Street, Derby, Derbyshire DE22 3UL2
£97K07/230.33 mi9, Spring Street, Derby, City Of Derby DE22 3UF2
£138K01/230.33 mi12, Pelham Street, Derby, City Of Derby DE22 3UG2
£157.3K02/230.33 mi7, Bedford Street, Derby, City Of Derby DE22 3PB2
£75K03/210.33 mi32, Bedford Street, Derby, City Of Derby DE22 3PB2
£145K03/230.33 mi10, Bedford Street, Derby, City Of Derby DE22 3PB2
£112K09/210.34 mi64, Lynton Street, Derby, City Of Derby DE22 3RU2
£134K11/200.35 mi98a, St Chads Road, Derby, City Of Derby DE23 6RP2
£150K01/230.35 mi108, Empress Road, Derby, City Of Derby DE23 6TE2
£135K07/210.35 mi42, Camden Street, Derby, City Of Derby DE22 3NR2
£111K07/210.35 mi31, Camden Street, Derby, City Of Derby DE22 3NR2
£111K10/210.36 mi41, Ward Street, Derby, Derbyshire DE22 3RY2
£190K05/230.36 mi147, St Albans Road, Derby, City Of Derby DE22 3JN2
£167K04/230.36 mi121, St Albans Road, Derby, City Of Derby DE22 3JN2
£300K07/210.37 mi42, Carlton Road, Derby, City Of Derby DE23 6HA2
£125K01/230.38 mi59, Jackson Street, Derby, City Of Derby DE22 3SA2
£85K11/200.38 mi41, Hoult Street, Derby, City Of Derby DE22 3NQ2
£118K05/210.38 mi53, Hoult Street, Derby, City Of Derby DE22 3NQ2
£129K03/230.39 mi32, Woods Lane, Derby, City Of Derby DE22 3UA2
£100K05/210.39 mi18, Woods Lane, Derby, City Of Derby DE22 3UA2
£142.1K08/210.4 mi5, Bakewell Street, Derby, City Of Derby DE22 3SB2
£137K04/230.41 mi30, Howard Street, Derby, City Of Derby DE23 6TW2
£125K01/210.41 mi16, Spa Lane, Derby, City Of Derby DE1 1QA2

Local Rents

52 rents from £750/mo to £2.5K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£76001/250.02 mi-2
£90012/240.02 mi-2
£75001/240.03 mi-2
£80001/250.03 mi-2
£77512/240.06 mi-2
£95001/240.08 mi-2
£85002/250.11 mi-2
£79512/240.11 mi-2
£2,45001/250.11 mi-2
£77503/240.14 mi-2
£77512/240.14 mi-2
£85011/240.14 mi-2
£79511/240.14 mi-2
£1,15011/240.15 mi-2
£1,08312/240.16 miDean Street, Derby, 2
£80012/240.18 mi-2
£89512/240.19 mi-2
£82512/240.19 mi-2
£77512/240.21 miStockbrook Road, Derby2
£85002/240.21 mi-2
£75012/240.21 mi-2
£1,00003/240.22 miFox House, Erasmus Drive, Derby2
£1,02503/240.22 miFox house, Erasmus Drive, Derby DE1 2EL2
£1,10003/240.22 miFox House, 2 Erasmus Drive, DE1 2ES2
£90003/240.22 miFox House, Derby2
£1,05003/240.22 miErasmus Drive, Derby2
£1,00003/240.22 miFox House, Erasmus Drive2
£1,05004/240.22 miErasmus Drive, Derby2
£1,00004/240.22 miErasmus Drive, Derby2
£1,00004/240.22 miErasmus Drive, Derby2
£1,05004/240.22 miErasmus Drive, Derby2
£90004/240.22 miFox House, Derby2
£95004/240.22 miErasmus Drive, Derby2
£1,00004/240.22 miErasmus Drive, Derby2
£92504/240.22 miFox House, Erasmus Drive2
£95005/240.22 miFox House, 2 Erasmus Drive DE1 2EL2
£89512/240.22 mi-2
£75012/240.22 miRiddings Street, Derby, DE222
£80002/240.23 mi-2
£80012/240.23 miVale Mills, Derby, DE222
£80012/240.23 mi-2
£1,90003/250.26 mi-2
£80012/240.26 mi-2
£85012/240.28 miOlive Street, DERBY2
£2,00003/240.28 mi-2
£2,00002/240.28 mi-2
£2,00002/240.28 mi-2
£80012/240.29 miFarm Street, Derby, Derbyshire, DE222
£85002/250.3 mi-2
£77503/240.31 mi100 Whitaker Road, Derby, DE232
£79512/240.32 miSpring Street, Derby, Derbyshire2
£80002/240.32 mi-2

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

0.76 miles away

Nearest school

0.10 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £140,000

February 11, 2025

Floor Plans

Description

  • Mid terraced house +
  • Two double bedrooms +
  • Two reception rooms +
  • Low maintenance garden +
  • Gas central heating +
  • Double glazing +
  • No upward chain +
  • Close to hospital and city centre +

A traditional terraced house located with good access to the city centre and hospital offering two double bedrooms, new bathroom suite, two reception rooms and rear garden, being sold with no upward chain. This ideal first time buy or buy to let investment benefits from gas central heating and double glazing. To the ground floor there is a lounge with feature fireplace, dining room with decorative fireplace and access to the cellar and there is a kitchen overlooking the garden. To the first floor there is two double bedrooms and bathroom with a new three piece suite in white. To the rear there is a low maintenance garden. Viewing is essential.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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