2 Bed Flat, Cash/Bridging Only, Derby, DE21 6ET, £65,000

Roe Farm Lane, Chaddesden, Derby, DE21 6ET - a month ago

Leasehold
Auction
Cash
ROI: 4%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£30K - £260K
Sold Prices/m²£545/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£65,000

 

 

End Value (After Refurb)

£152,163

Uplift in Value

+134%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£27,537

Bridging Loan Interest

£1,706

Total Cash In

£50,394

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£152,163

Agent Fees (1%)

£1,522

Bridging Loan

£48,750

Bridging Loan Interest

£1,706

Flip Profit

£51,498

Local Sold Prices

50 sold prices from £30K to £260K, average is £115K. £545/m² to £3.4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£68K09/200.38 mi8, Lothian Place, Derby, City Of Derby DE21 6BG2
£78K01/210.52 mi31, Moray Walk, Derby, City Of Derby DE21 6BR2
£110K05/220.54 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£135K08/220.92 mi41, Auriga Court, Derby, City Of Derby DE1 3RH2
£200K02/210.97 mi18, Santolina Drive, Oakwood, Derby, City Of Derby DE21 2DQ2
£145K09/210.98 mi27, Meadowlark Grove, Oakwood, Derby, City Of Derby DE21 2TT2
£102.5K10/200.99 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£30K02/211 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/221 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£177.5K06/211.01 mi31, Corbel Close, Oakwood, Derby, City Of Derby DE21 2DB2
£124.5K06/231.01 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/221.01 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/231.01 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£125K07/221.02 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/211.02 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£121.3K01/221.02 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/211.02 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109.5K03/211.02 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/221.02 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£155K03/231.08 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£116.5K09/201.08 mi5, City Walk, Derby, City Of Derby DE1 3QD2
£127.5K11/201.08 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/211.08 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£260K09/211.11 mi8, Gainsborough Close, Oakwood, Derby, City Of Derby DE21 2HJ2
£93K07/221.11 mi33, Waterford Drive, Chaddesden, Derby, City Of Derby DE21 6TN2
£114K01/231.17 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£85K04/221.2 mi66, Lexington Road, Chaddesden, Derby, City Of Derby DE21 6UZ2
£76K09/201.2 mi78a, Vestry Road, Oakwood, Derby, Derbyshire DE21 2BN2
£61.5K03/211.21 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£150K10/201.22 mi18, Castleward Boulevard, Derby, City Of Derby DE1 2LQ2
£100K12/211.26 mi23, Bridgeport Road, Chaddesden, Derby, City Of Derby DE21 6WA2
£157K05/211.41 mi2, Darley Street, Darley Abbey, Derby, City Of Derby DE22 1DX2
£92K11/211.43 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£143K12/221.53 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£108K11/201.55 mi28, Pacific Way, Derby, City Of Derby DE24 1AA2
£107.5K11/201.55 mi22, Pacific Way, Derby, City Of Derby DE24 1AA2
£97K07/211.57 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/221.57 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/231.57 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£103K01/211.57 mi16, Coral Close, Derby, City Of Derby DE24 1AP2
£90K07/221.58 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£140K03/231.59 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£127.5K07/211.6 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£85K10/211.6 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£117K01/231.61 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£130K11/221.61 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/211.61 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/211.61 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£89.7K03/211.61 mi64, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/211.61 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2

Local Rents

12 rents from £665/mo to £925/mo, average is £820/mo.

RentDateDistanceAddressBeds 
£85012/240.19 miNorthwood Avenue, Chaddesden2
£80002/240.2 mi-2
£82512/240.34 mi23 Oakleigh Avenue, Chaddesden, Derby, DE21 6GZ2
£92502/250.38 mi-2
£84001/240.4 mi-2
£82002/240.4 mi-2
£82012/240.4 miOaktree Apartments, Derby, DE212
£82012/240.4 miOaktree Apartments, Derby, DE212
£89512/240.41 mi-2
£75012/240.44 miFrancis Street, DERBY2
£66512/240.47 miSt. Marks Road, Chaddesden2
£80012/240.53 mi-2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

1.49 miles away

Nearest school

0.40 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £65,000

February 17, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Two Bathrooms +
  • For Sale by Modern Auction – T & C’s apply +
  • Unique Curved Lounge/Kitchen +
  • En-suite to Master Bedroom +
  • Allocated Off Road Parking +
  • Cash Buyers Only +
  • Subject to Reserve Price - Buyers fees apply +
  • Leasehold +
  • No Onward Chain +

This unique and spacious first-floor apartment offers a fantastic investment or living opportunity, with no onward chain. The property includes two bedrooms, with the master benefiting from an ensuite, and a second bathroom with modern fittings. The standout feature of this apartment is the distinctive curved lounge, kitchen, and diner area, providing a bright and contemporary living space. A communal entrance leads to the apartment’s private door, and there is the added convenience of an allocated parking space. Currently tenanted, the property can be sold with vacant possession, making it suitable for investors or owner-occupiers alike. Situated in the popular area of Chaddesden, this apartment combines comfort and practicality in an excellent location. This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional. EPC rating: E. Tenure: Leasehold, Service charge description: Insurance £450.00 per annum
Service Charge £1900 per annum,

Agent Details

Northwood, Derby

01332 215583

Next Steps?

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