3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE3 9LP, £230,000

Brisbane Road, Mickleover, DE3 9LP - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£180K - £385K
Sold Prices/m²£1.2K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£236,900
BMV3%

 

 

End Value (After Refurb)

£277,044

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£37,686

Bridging Loan Interest

£6,038

Total Cash In

£111,073

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£277,044

Mortgage (After Refinance)

£207,783

Mortgage LTV

75%

Cash Released

£35,283

Cash Left In

£75,790

Equity

£69,261

Rent Range

£1,000 - £1,400

Rent Estimate

£1,171

Running Costs/mo

£1,120

Cashflow/mo

£51

Cashflow/yr

£612

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £385K, average is £247K. £1.2K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£305K11/220.04 mi26, Gisborne Close, Mickleover, Derby, City Of Derby DE3 9LU3
£235K06/210.05 mi106, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JX3
£272.5K11/220.06 mi15, Gisborne Close, Mickleover, Derby, City Of Derby DE3 9LU3
£265K02/210.08 mi9, Onslow Road, Mickleover, Derby, City Of Derby DE3 9JJ3
£230K01/230.09 mi36, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9JR3
£210K01/210.09 mi28, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9JR3
£230K02/210.12 mi14, Rangemore Close, Mickleover, Derby, City Of Derby DE3 9JU3
£245K03/230.12 mi111, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HE3
£235K08/210.15 mi9, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9HR3
£222K11/200.15 mi14, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9HR3
£290K04/230.15 mi7, Buxton Drive, Mickleover, Derby, City Of Derby DE3 9HR3
£227K06/210.15 mi6, Bakewell Close, Mickleover, Derby, City Of Derby DE3 9JS3
£260K06/230.16 mi91, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LR3
£249K12/220.16 mi56, Onslow Road, Mickleover, Derby, City Of Derby DE3 9JH3
£215K02/210.16 mi56, Onslow Road, Mickleover, Derby, Derbyshire DE3 9JH3
£210K06/210.16 mi11, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£220K07/210.16 mi23, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£185K02/210.16 mi26, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£250K11/220.16 mi8, Cromford Drive, Mickleover, Derby, City Of Derby DE3 9JT3
£205K05/210.17 mi10, Bonsall Drive, Mickleover, Derby, City Of Derby DE3 9HQ3
£305K03/230.18 mi68, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JY3
£195K03/210.18 mi94, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9JY3
£250K04/230.18 mi3, East Avenue, Mickleover, Derby, City Of Derby DE3 9HN3
£235K07/210.18 mi5, East Avenue, Mickleover, Derby, City Of Derby DE3 9HN3
£289.9K01/230.18 mi37, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£200K04/210.21 mi11, Tasman Close, Mickleover, Derby, City Of Derby DE3 9LF3
£270K06/210.21 mi27, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£365K01/230.21 mi46, Murray Road, Mickleover, Derby, City Of Derby DE3 9LD3
£218K02/210.22 mi42, Haddon Drive, Mickleover, Derby, City Of Derby DE3 9HL3
£200K08/210.25 mi10, Freemantle Road, Mickleover, Derby, Derbyshire DE3 9HW3
£245K05/210.25 mi5, Hamilton Close, Mickleover, Derby, City Of Derby DE3 9LZ3
£370K03/230.26 mi16, Murray Road, Mickleover, Derby, City Of Derby DE3 9LE3
£317.5K02/230.26 mi9, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HT3
£260K05/210.27 mi34, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU3
£295K11/220.27 mi33, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU3
£270K03/230.29 mi26, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FT3
£270K01/210.29 mi34, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FT3
£200K10/210.32 mi1, Melbourne Close, Mickleover, Derby, City Of Derby DE3 9LG3
£223.5K10/210.32 mi36, North Avenue, Mickleover, Derby, City Of Derby DE3 9HX3
£259.9K03/210.34 mi8, Auckland Close, Mickleover, Derby, City Of Derby DE3 9LH3
£255K11/220.34 mi8, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3
£180.5K06/210.35 mi15, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3
£180K02/210.35 mi10, Rutland Drive, Mickleover, Derby, City Of Derby DE3 9FW3
£345K11/220.37 mi67, Fairbourne Drive, Mickleover, Derby, City Of Derby DE3 0SA3
£222K10/200.38 mi22, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RT3
£195K03/210.38 mi29, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RT3
£250K03/230.38 mi4, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LA3
£372K10/200.38 mi147, Station Road, Mickleover, Derby, City Of Derby DE3 9FL3
£295K04/230.39 mi25, Brisbane Road, Mickleover, Derby, City Of Derby DE3 9LT3
£385K04/230.4 mi10, North Avenue, Mickleover, Derby, City Of Derby DE3 9HY3

Local Rents

20 rents from £1K/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10003/250.04 mi-3
£1,17503/240.06 miVictoria Close, Mickleover, DE3 9JQ3
£1,40003/240.23 miRosehip Road, Mickleover, Derby3
£1,40004/250.37 mi-3
£1,20003/240.41 miHobart Close, Mickleover3
£1,00003/240.41 miTempleton Close, Mickleover, DERBY3
£1,00003/240.42 miMagdalene Drive, Mickleover, Derby, Derbyshire3
£1,05004/240.44 miLadybank Road, Mickleover3
£1,20003/250.46 miGirton Way, Mickleover3
£1,35002/240.47 mi-3
£1,35004/240.47 mi-3
£1,20003/240.47 mi-3
£1,35003/240.47 miMyrtle Avenue, Mickleover, Derby, DE33
£1,25003/240.53 miArundel Avenue, Derby, DE3 9BX3
£1,00003/240.54 miChilson Drive, Mickleover, Derby3
£1,20004/240.56 miWestern Road, Mickleover, Derby3
£1,20003/240.57 miBay Close, Mickleover3
£1,10005/240.58 miChilson Drive, Mickleover, Derby3
£1,10004/240.59 mi-3
£1,05004/240.6 miHoylake Court, Mickleover3

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

2.60 miles away

Nearest school

0.10 miles away

Nearest train station

2.94 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £230,000

February 14, 2025

Floor Plans

Description

  • Three Bedroom Semi of Standard Construction +
  • Offered With No Upward Chain +
  • Freehold & Council Tax Band C, EPC D +
  • Open Plan Lounge/Diner +
  • Off Road Parking & Carport +
  • Generous Rear Garden +
  • Gas Central Heating & UPVC Double Glazing +
  • Close To Public Transport Routes +
  • Ideal Access To Primary & Secondary Schools +
  • Internal Viewings Highly Recommended +

Three bedroom semi detached home, offered to the market with no upward chain and available for immediate vacant possession. The property would benefit from some modernisation but benefits from uPVC double glazing throughout, gas central heating and off road parking including a driveway and carport.

In brief the property comprises; entrance hallway with built in cloak cupboard, separate WC, lounge opening through double doors to a separate dining room and fitted kitchen with pantry. Found to the first floor is a landing area with access into a partially boarded loft space with power and lighting, two double bedrooms features a variety of fitted and built in wardrobes, third single bedroom with fitted over stairs storage, bathroom and separate WC.

The front of the property features a lawned garden alongside a tarmacadam driveway. Double gates open to the side of the property into a carport with outside storage cupboard. To the rear of the property is a generous garden, mostly laid to lawn with two garden sheds, fence and hedge boundaries and mature trees and bushes.

Brisbane Road is conveniently located close to local shops, well regarded schools including Murray Park Secondary School and Ravensdale Junior & Primary School, public transport routes and access to the Royal Derby Hospital. The property also benefits from access to major road links including the A38 and A50 road networks leading into Derby City Centre and out towards the M1 motorway and East Midlands Airport. The property must be viewed internally to be fully appreciated.

Agent Details

Hannells Estate Agents, Mickleover

01332 215261

Next Steps?

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