3 Bed Semi-Detached House, Cash/Bridging Only, Derby, DE21 7JS, £270,000

Chapel Lane, Spondon, DE21 7JS - a month ago

Cash
ROI: 1%
~93 m²
+17 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£37,600

Bridging Loan Interest

£7,088

Total Cash In

£124,238

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,000

Mortgage (After Refinance)

£180,000

Mortgage LTV

75%

Cash Left In

£124,238

Equity

£60,000

Rent Range

£875 - £1,200

Rent Estimate

£1,027

Running Costs/mo

£975

Cashflow/mo

£52

Cashflow/yr

£619

ROI

0%

Gross Yield

5%













Local Rents

12 rents from £875/mo to £1.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.29 mi-3
£89512/240.33 miChurch Mews, Spondon, Derby3
£1,19012/240.44 miMerchant Avenue, Spondon, Derby, DE213
£1,19012/240.44 mi-3
£1,20012/240.49 miPriestland Avenue, Spondon, Derby3
£1,05003/250.51 mi-3
£87512/240.53 miTrent Rise, Spondon3
£1,15003/250.58 mi-3
£1,00001/240.62 mi-3
£95012/240.67 miCheyenne Gardens, Chaddesden3
£90012/240.84 miLime Grove, Chaddesden, Derby3
£95012/240.96 miPaterson Avenue, Chaddesden, Derby, Derbyshire3

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

2.92 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £270,000

February 11, 2025

Floor Plans

Description

  • Immaculate three bedroom semi detached +
  • Driveway for two cars plus car port +
  • Modern fitted Kitchen and bathroom +
  • Spacious L-shaped lounge diner +
  • Sought after location +
  • Enclosed and private rear garden +
  • Stunning Laura Ashley Kitchen +
  • Great access to bus links, shops and communte links +
  • The perfect family home, ready to move into condition +
  • No upward chain +

Guide Price £270,000 to £280,000. This immaculate three-bedroom semi-detached house presents an exceptional opportunity for those seeking the perfect family home in a sought-after location. As you enter the property, you are greeted by a spacious Hallway leading to a modern fitted kitchen adorned with stunning Laura Ashley design elements, setting a tone of elegance and sophistication throughout. The spacious L-shaped lounge diner provides the ideal space for both relaxation and entertaining, offering a seamless flow of natural light and contemporary style. With three well-appointed bedrooms, a modern bathroom, and the convenience of a driveway for two cars plus a car port, this residence caters to every aspect of comfortable living. Boasting great access to bus links, shops, and commute routes, this property is not only a beautiful home but also a practical choice for those with busy lifestyles. Viewings are highly recommended to fully appreciate the move-in ready condition of this remarkable property. Location Situated in the heart of the Idyllic village location of Spondon, this fabulous home is just walking distance to the local schools. Local shops, bistros pubs and doctors surgery close by and surrounded by equally exceptional village with plenty to offer. Perfect location for commute link with access to the A52 and a short drive or bus journey to Derby City centre. Tenure: Freehold Local Authority: Derby County Council- Tax band B Viewing information: Accompanied Viewings are available 7 days a week. Important Information: Making An Offer - As part of our service to our Vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor. Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor.

EPC Rating: C

Agent Details

Hortons, National

0116 366 1694

Next Steps?

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