2 Bed Flat, Single Let, Derby, DE1 1DH, £147,500

Westgate, Mill Street, Derby, DE1 1DH - 1 views - 2 months ago

Leasehold

BTL

ROI: 6%

~68 m²

+9 photos

ValuationOvervalued

Sold Prices	£30K - £162.5K
Sold Prices/m²	£545/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.2K/m²
Value Estimate	£116,113£116,113

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£36,875£36,875
Stamp Duty & Legal Fees	£5,625£5,625
Total Cash In	£42,500£42,500

Cash Out
Rent Range	£503 - £2,400£503 - £2,400
Rent Estimate	£850
Running Costs/mo	£651£651
Cashflow/mo	£199£199
Cashflow/yr	£2,389£2,389
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

41 sold prices from £30K to £162.5K, average is £114K. £545/m² to £2.4K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£42K	11/22	0.09 mi	Flat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX	-	-	2	Flat
£60K	12/20	0.09 mi	Flat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX	-	-	2	Flat
£37K	02/21	0.09 mi	Flat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX	-	-	2	Flat
£127.5K	07/21	0.14 mi	Apartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE	-	-	2	Flat
£85K	10/21	0.17 mi	12, Nuns Street, Derby, City Of Derby DE1 3LL	£1,169	73	2	Flat
£143K	12/22	0.21 mi	100, Bridge Street, Derby, City Of Derby DE1 3LF	£1,663	86	2	Flat
£42.5K	09/22	0.33 mi	Flat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£111K	07/22	0.33 mi	Flat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£38K	04/23	0.33 mi	Flat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	£679	56	2	Flat
£48K	09/21	0.34 mi	Flat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£85K	06/21	0.34 mi	Flat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£140K	03/23	0.36 mi	First Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF	-	-	2	Flat
£135K	09/22	0.45 mi	34, Kniveton Close, Derby, City Of Derby DE22 3BB	£2,368	57	2	Flat
£92.5K	08/21	0.54 mi	3, Jackdaw Close, Derby, City Of Derby DE22 3SY	£1,705	54	2	Flat
£61.5K	03/21	0.56 mi	Flat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT	-	-	2	Flat
£114K	01/23	0.59 mi	Apartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA	-	-	2	Flat
£136K	06/21	0.59 mi	103, Parliament Street, Derby, City Of Derby DE22 3RL	£1,563	87	2	Flat
£162.5K	04/21	0.62 mi	Apartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY	-	-	2	Flat
£127.5K	11/20	0.66 mi	22, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£116K	05/21	0.66 mi	27, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£109K	10/22	0.67 mi	Flat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR	-	-	2	Flat
£94K	08/21	0.67 mi	Flat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR	-	-	2	Flat
£90K	07/22	0.67 mi	Flat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS	-	-	2	Flat
£78.5K	08/21	0.69 mi	94, Gerard Street, Derby, City Of Derby DE1 1PH	-	-	2	Flat
£87.5K	11/20	0.69 mi	114, Gerard Street, Derby, City Of Derby DE1 1PH	£1,411	62	2	Flat
£124K	03/21	0.76 mi	53, Farm Street, Derby, City Of Derby DE22 3UJ	-	-	2	Flat
£135K	08/22	0.95 mi	41, Auriga Court, Derby, City Of Derby DE1 3RH	-	-	2	Flat
£121.3K	01/22	0.96 mi	11, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,837	66	2	Flat
£117K	08/21	0.96 mi	37, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,828	64	2	Flat
£109.5K	03/21	0.96 mi	23, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,587	69	2	Flat
£117.5K	05/22	0.96 mi	41, Magnus Court, Derby, City Of Derby DE21 4TQ	-	-	2	Flat
£124.5K	06/23	0.96 mi	23, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,804	69	2	Flat
£109K	03/22	0.96 mi	15, Magnus Court, Derby, City Of Derby DE21 4TQ	£2,019	54	2	Flat
£138K	01/23	0.96 mi	33, Magnus Court, Derby, City Of Derby DE21 4TQ	£2,344	59	2	Flat
£117K	08/21	0.96 mi	37, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,828	64	2	Flat
£125K	07/22	0.96 mi	31, Magnus Court, Derby, City Of Derby DE21 4TQ	-	-	2	Flat
£130K	06/21	0.98 mi	102, Highfields Park Drive, Derby, City Of Derby DE22 1JU	-	-	2	Flat
£158K	03/23	0.98 mi	102, Highfields Park Drive, Derby, City Of Derby DE22 1JU	-	-	2	Flat
£149K	02/23	0.98 mi	104, Highfields Park Drive, Derby, City Of Derby DE22 1JU	£2,014	74	2	Flat
£30K	02/21	0.99 mi	80, Magnus Court, Derby, City Of Derby DE21 4TR	£545	55	2	Flat
£30K	02/22	0.99 mi	80, Magnus Court, Derby, City Of Derby DE21 4TR	£545	55	2	Flat

Local Rents

51 rents from £503/mo to £2.4K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£850	04/24	0.02 mi	Westgate, Mill Street, Derby	2	Flat
£995	04/24	0.04 mi	Mill Street, Derby, DE1	2	Flat
£995	04/24	0.04 mi	Mill Street, Derby, DE1	2	Flat
£895	04/24	0.04 mi	Mill Street, Derby, DE1	2	Flat
£1,095	12/24	0.06 mi	-	2	Flat
£1,083	03/24	0.08 mi	Friar Gate, Derby, Derbyshire, DE1	2	Flat
£1,295	04/25	0.08 mi	-	2	Flat
£660	03/24	0.09 mi	Ashbourne Court, Derby,	2	Flat
£800	03/24	0.1 mi	Ashbourne Court	2	Detached House
£800	03/24	0.1 mi	Ashbourne Court	2	Terraced House
£850	04/24	0.11 mi	Centro West, Searl Street, Derby, DE1 1BW	2	Flat
£503	03/24	0.11 mi	Friar Gate	2	Flat
£950	02/25	0.12 mi	-	2	Flat
£1,000	05/24	0.12 mi	-	2	Flat
£1,205	03/24	0.13 mi	Uttoxeter Old Road, Derby,	2	Flat
£795	12/24	0.14 mi	Apartment 15, Melton Court, 38 Ashbourne Road, Derby, DE22 3BF	2	Flat
£975	03/24	0.14 mi	Westpoint, Brook Street, DE1 3TE	2	Flat
£950	03/24	0.14 mi	Brook Street, Derby, DE1	2	Flat
£895	03/24	0.14 mi	Brook Street, Derby, Derbyshire, DE1	2	Flat
£775	05/24	0.14 mi	Apartment 12 Westpoint, Brook Street, Derby	2	Flat
£775	03/24	0.15 mi	York Street, Derby, Derbyshire, DE1 1FZ	2	Flat
£995	12/24	0.15 mi	-	2	Flat
£1,100	01/25	0.15 mi	-	2	Flat
£1,000	02/25	0.15 mi	-	2	Flat
£1,100	04/25	0.15 mi	-	2	Flat
£2,000	02/24	0.15 mi	-	2	Flat
£750	03/24	0.16 mi	Markeaton Street, Derby	2	Detached House
£895	05/24	0.17 mi	Brook House, Brook Street, Derby	2	Flat
£1,000	12/24	0.18 mi	-	2	Flat
£1,000	04/25	0.18 mi	-	2	Flat
£695	02/24	0.18 mi	-	2	Terraced House
£750	12/24	0.18 mi	Vicarage Place, Ashbourne Road, DE22 3TU	2	Flat
£800	12/24	0.18 mi	Vicarage Place, Ashbourne Road, Derby, DE22 3TU	2	Flat
£1,014	03/24	0.19 mi	Brook House, 19 Brook Street, Derby, Derbyshire, DE1 3PF	2	Flat
£875	05/24	0.19 mi	Brook House, 19 Brook Street, Derby, Derbyshire, DE1 3PF	2	Flat
£850	03/24	0.2 mi	Brook House, Brook Street, Derby	2	Flat
£895	03/24	0.2 mi	Brook Street, Derby, Derbyshire, DE1	2	Flat
£850	05/24	0.2 mi	Brook Street, DE1	2	Flat
£850	05/24	0.2 mi	Brook Street, DE1	2	Flat
£825	05/24	0.2 mi	Brook Street, DERBY	2	Flat
£2,150	03/24	0.2 mi	-	2	Flat
£2,150	03/24	0.2 mi	-	2	Flat
£2,400	07/24	0.2 mi	-	2	Flat
£2,400	08/24	0.2 mi	-	2	Flat
£2,150	08/24	0.2 mi	-	2	Flat
£2,400	01/25	0.2 mi	-	2	Flat
£2,400	01/25	0.2 mi	-	2	Flat
£1,100	12/24	0.2 mi	-	2	Flat
£850	03/25	0.2 mi	-	2	Flat
£850	05/24	0.21 mi	Bridge Street, Derby, DE1 3LF	2	Terraced House
£830	03/24	0.21 mi	Brook Street, Derby, DE1	2	Flat

Local Area Statistics

Population in DE1	14,04614,046
Population in Derby	308,324308,324
Town centre distance	0.99 miles away0.99 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.29 miles away1.29 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £147,500

February 18, 2025

Floor Plans

Description

Two Double Bedrooms +
Walking Distance To City Centre +
Second Floor +
Council Tax Band: C +
Ideal Investment Or First Time Buy +
Allocated Parking +
No Chain +

LONG LEASE 979 YEARS REMAINING
BEING SOLD WITH TENANTS IN SITU PAYING £850 PER MONTH

A stylish two double bedroomed second floor apartment located within walking distance to Derby City Centre and the cosmopolitan Friar Gate area of Derby with a range of bars, restaurants and cafes and offering good access to both the A52 and A38 road networks. The property benefits from having secure gated entry access with allocated parking, two double bedrooms with the master having an en-suite shower room, open plan living with a juliet balcony. Ideal for a young professional looking to embrace city centre living. Offered with NO UPWARD CHAIN.

Agent Details

Leaders Sales, Derby

020 3909 9670

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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2 Bed Flat, Single Let, Derby, DE1 1DH, £147,500

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Rents