3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE3 9LJ, £260,000

Hobart Close, Mickleover, DE3 9LJ - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£155K - £385K
Sold Prices/m²£1.2K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£257,185

 

 

End Value (After Refurb)

£248,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£37,686

Bridging Loan Interest

£6,825

Total Cash In

£120,761

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£248,500

Mortgage (After Refinance)

£186,375

Mortgage LTV

75%

Cash Left In

£120,761

Equity

£62,125

Rent Range

£950 - £1,550

Rent Estimate

£1,204

Running Costs/mo

£1,037

Cashflow/mo

£167

Cashflow/yr

£2,000

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £155K to £385K, average is £259K. £1.2K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£235K04/210.03 mi26, Hobart Close, Mickleover, Derby, City Of Derby DE3 9LJ3
£250K03/230.05 mi4, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LA3
£315K04/210.05 mi199, Western Road, Mickleover, Derby, City Of Derby DE3 9GT3
£270K02/230.06 mi3, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LT3
£295K04/230.06 mi25, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LT3
£211K01/210.08 mi7, Bishop Lonsdale Way, Mickleover, Derby, City Of Derby DE3 9DF3
£259.9K03/210.1 mi8, Auckland Close, Mickleover, Derby, City Of Derby DE3 9LH3
£308.5K04/230.12 mi134, Western Road, Mickleover, Derby, City Of Derby DE3 9GS3
£210K03/210.12 mi136, Western Road, Mickleover, Derby, City Of Derby DE3 9GS3
£385K04/230.14 mi10, North Avenue, Mickleover, Derby, City Of Derby DE3 9HY3
£223.5K10/210.14 mi36, North Avenue, Mickleover, Derby, City Of Derby DE3 9HX3
£273K04/210.15 mi218, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AB3
£295K11/220.17 mi33, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU3
£260K05/210.17 mi34, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU3
£200K10/210.17 mi1, Melbourne Close, Mickleover, Derby, City Of Derby DE3 9LG3
£245K05/210.18 mi5, Hamilton Close, Mickleover, Derby, City Of Derby DE3 9LZ3
£247K03/210.19 mi12, Holmesfield Drive, Mickleover, Derby, City Of Derby DE3 9JD3
£200K08/210.2 mi10, Freemantle Road, Mickleover, Derby, Derbyshire DE3 9HW3
£235K03/210.2 mi108, Western Road, Mickleover, Derby, City Of Derby DE3 9GR3
£317.5K02/230.22 mi9, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HT3
£205K02/210.24 mi122, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AA3
£300K03/230.24 mi160, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AA3
£315K12/220.24 mi14, Bristol Drive, Mickleover, Derby, City Of Derby DE3 9BT3
£263K01/210.27 mi32, Stanage Green, Mickleover, Derby, City Of Derby DE3 9DX3
£305K06/210.27 mi27, Wade Drive, Mickleover, Derby, City Of Derby DE3 9BS3
£269.9K10/210.27 mi4, Wade Drive, Mickleover, Derby, City Of Derby DE3 9BS3
£257K07/210.27 mi15, Wade Drive, Mickleover, Derby, City Of Derby DE3 9BS3
£258K04/210.28 mi82, Western Road, Mickleover, Derby, City Of Derby DE3 9GQ3
£370K03/230.28 mi16, Murray Road, Mickleover, Derby, City Of Derby DE3 9LE3
£368K11/220.28 mi268, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AE3
£155K11/200.28 mi118, Girton Way, Mickleover, Derby, City Of Derby DE3 9EB3
£260K06/230.31 mi91, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LR3
£187.5K03/210.31 mi10, Homerton Vale, Mickleover, Derby, City Of Derby DE3 9DN3
£200K04/210.31 mi11, Tasman Close, Mickleover, Derby, City Of Derby DE3 9LF3
£305K03/230.32 mi68, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JY3
£195K03/210.32 mi94, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JY3
£245K03/230.33 mi111, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HE3
£240K03/230.36 mi56, Western Road, Mickleover, Derby, City Of Derby DE3 9GP3
£270K06/210.36 mi27, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£365K01/230.36 mi46, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£320K02/230.36 mi44, Western Road, Mickleover, Derby, City Of Derby DE3 9GP3
£250K04/230.37 mi3, East Avenue, Mickleover, Derby, City Of Derby DE3 9HN3
£235K07/210.37 mi5, East Avenue, Mickleover, Derby, City Of Derby DE3 9HN3
£289.9K01/230.37 mi37, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£270K03/230.37 mi26, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FT3
£270K01/210.37 mi34, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FT3
£218K02/210.38 mi42, Haddon Drive, Mickleover, Derby, City Of Derby DE3 9HL3
£255K11/220.39 mi8, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3
£180.5K06/210.39 mi15, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3
£180K02/210.39 mi10, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3

Local Rents

29 rents from £950/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20003/240.03 miHobart Close, Mickleover3
£1,00003/240.09 miTempleton Close, Mickleover, DERBY3
£1,25003/240.12 miArundel Avenue, Derby, DE3 9BX3
£1,20004/240.13 miWestern Road, Mickleover, Derby3
£1,00003/240.15 miMagdalene Drive, Mickleover, Derby, Derbyshire3
£1,40004/250.18 mi-3
£1,35002/240.24 mi-3
£1,35004/240.24 mi-3
£1,20003/240.24 mi-3
£1,35003/240.24 miMyrtle Avenue, Mickleover, Derby, DE33
£1,20003/250.28 miGirton Way, Mickleover3
£1,27503/240.38 miCorden Avenue, Mickleover, DERBY3
£1,10003/250.4 mi-3
£1,25003/240.44 miPartridge Way, Mickleover3
£1,20003/240.45 miJackson Avenue3
£95003/240.46 miSwift Close, Mickleover3
£99503/240.46 miSwift Close, Mickleover3
£1,20003/240.48 miBay Close, Mickleover3
£1,17503/240.49 miVictoria Close, Mickleover, DE3 9JQ3
£1,15004/240.49 miUttoxeter Road, Derby, Derbyshire, DE33
£99503/240.51 miPortland Close, Mickleover, Derby3
£1,12503/240.52 miJackson Avenue, Mickleover3
£1,25002/250.56 mi-3
£1,10001/250.57 mi-3
£1,10004/240.6 mi-3
£1,55003/240.61 miMickleover, Derby, DE33
£1,48503/240.61 mi-3
£1,48503/240.61 mi-3
£1,50002/250.61 mi-3

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

2.42 miles away

Nearest school

0.30 miles away

Nearest train station

2.61 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £260,000

February 13, 2025

Floor Plans

Description

  • Bay Fronted Semi Detached House +
  • Two Reception Rooms +
  • Kitchen +
  • Driveway & Detached Garage +
  • Three Bedrooms +
  • Family Bathroom +
  • No Upward Chain +

Full Property Description

Situated in a quiet and highly sought-after cul-de-sac within Mickleover, this traditional three-bedroom bay-fronted semi-detached home is offered for sale with no upward chain. It presents a fantastic opportunity for a family to modernize and update the property room by room to suit their needs over time.

The property features a spacious and welcoming entrance hall, leading to a generous bay-fronted lounge, perfect for relaxing or entertaining. To the rear, there is a separate dining room with views over the garden, along with a fitted kitchen that provides plenty of potential for enhancement.

Upstairs, there are three well-proportioned bedrooms, including a spacious master with a bay window, a second double bedroom overlooking the rear garden, and a good-sized single room. The family bathroom offers scope for modernisation, allowing the next owners to create a space that suits their tastes.

The property benefits from gas connection and a gas fire, though it is currently heated by storage heaters. With some updating, this home could be transformed to suit modern family living.

Externally, the property boasts a private driveway, providing off-road parking, as well as a detached brick-built garage for additional storage or vehicle space. The enclosed rear garden offers a private outdoor retreat, ideal for families or those who enjoy gardening.

This is a rare opportunity to acquire a home in a prime Mickleover location, with excellent local amenities, schools, and transport links nearby. Viewings are highly recommended to appreciate the potential this property has to offer.

Agent Details

haart, Derby

01332 215411

Next Steps?

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