2 Bed Flat, Single Let, Derby, DE22 3FX £125,000

St. Swithins Close, Derby, Derbyshire, DE22 3FX - 10 views - 9 months ago

Leasehold

BTL

ROI: 6%

~68 m²

ValuationOvervalued

Sold Prices	£38K - £250K
Sold Prices/m²	£679/m² - £2.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£117,646£117,646

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£7,450£7,450
Total Cash In	£38,700£38,700

Cash Out
Rent Range	£525 - £1,195£525 - £1,195
Rent Estimate	£775
Running Costs/mo	£566£566
Cashflow/mo	£209£209
Cashflow/yr	£2,513£2,513
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

47 sold prices from £38K to £250K, average is £115K. £679/m² to £2.5K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£122K	04/25	0 mi	8, Bishops Green, St Swithins Close, Derby DE22 3FX	£1,877	65	2	Flat
£122K	04/25	0 mi	8, Bishops Green, St Swithins Close, Derby DE22 3FX	-	-	2	Flat
£115K	04/25	0.01 mi	23, Bishops Green, St Swithins Close, Derby DE22 3FX	£1,742	66	2	Flat
£115K	04/25	0.01 mi	23, Bishops Green, St Swithins Close, Derby DE22 3FX	-	-	2	Flat
£95K	10/21	0.07 mi	11, St Swithins Close, Derby, City Of Derby DE22 3LG	£1,727	55	2	Flat
£110K	03/23	0.07 mi	21, St Swithins Close, Derby, City Of Derby DE22 3LG	£1,509	73	2	Flat
£80K	02/23	0.1 mi	1, St Quentin Close, Derby, City Of Derby DE22 3JT	£1,311	61	2	Flat
£122.5K	08/21	0.14 mi	23, St Clares Close, Derby, Derbyshire DE22 3JG	£1,725	71	2	Flat
£100K	11/21	0.15 mi	16, Garden Lodge Close, Derby, City Of Derby DE23 6DD	£1,471	68	2	Flat
£125K	10/23	0.15 mi	13, Garden Lodge Close, Derby DE23 6DD	£1,563	80	2	Flat
£130K	03/24	0.16 mi	19, Garden Lodge Close, Derby DE23 6DD	£2,031	64	2	Flat
£130K	03/24	0.16 mi	19, Garden Lodge Close, Derby DE23 6DD	-	-	2	Flat
£170.5K	09/22	0.26 mi	19, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,030	84	2	Flat
£170K	09/22	0.26 mi	12, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,152	79	2	Flat
£162.5K	07/22	0.26 mi	7, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,462	66	2	Flat
£169K	05/21	0.26 mi	4, Priory Heights Court, Derby, City Of Derby DE23 6AX	-	-	2	Flat
£150K	07/21	0.26 mi	25, Priory Heights Court, Derby, City Of Derby DE23 6AX	£1,829	82	2	Flat
£140.5K	05/21	0.26 mi	15, Priory Heights Court, Derby, City Of Derby DE23 6AX	£1,601	88	2	Flat
£141K	05/24	0.48 mi	Flat 22, 317 The Orchards, Burton Road, Derby DE23 6AY	-	-	2	Flat
£141K	05/24	0.48 mi	Flat 22, 317 The Orchards, Burton Road, Derby DE23 6AY	£1,741	81	2	Flat
£141K	05/24	0.48 mi	317 The Orchards, Flat 22, Burton Road, Derby DE23 6AY	£1,741	81	2	Flat
£109K	10/22	0.48 mi	Flat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR	-	-	2	Flat
£94K	08/21	0.48 mi	Flat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR	-	-	2	Flat
£111K	08/24	0.49 mi	42, Mill Point, Rowditch Place, Derby DE22 3LR	£1,734	64	2	Flat
£104K	09/24	0.5 mi	Mill Point, 48, Rowditch Place, Derby DE22 3LR	£1,425	73	2	Flat
£143K	05/24	0.57 mi	Cambridge House, Flat 5, Somerset Close, Derby DE22 3XQ	-	-	2	Flat
£105K	03/25	0.58 mi	Flat 18, Cambridge House, Somerset Close, Derby DE22 3XQ	-	-	2	Flat
£105K	03/25	0.58 mi	Flat 18, Cambridge House, Somerset Close, Derby DE22 3XQ	-	-	2	Flat
£141K	05/24	0.58 mi	Cambridge House, Flat 1, Somerset Close, Derby DE22 3XQ	-	-	2	Flat
£136K	06/21	0.65 mi	103, Parliament Street, Derby, City Of Derby DE22 3RL	£1,563	87	2	Flat
£250K	01/24	0.67 mi	Elm House, Apartment 15, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN	£2,500	100	2	Flat
£92.5K	08/21	0.69 mi	3, Jackdaw Close, Derby, City Of Derby DE22 3SY	£1,705	54	2	Flat
£79K	08/25	0.69 mi	1, Summerbrook Court, Derby DE22 3RR	-	-	2	Flat
£91K	07/24	0.71 mi	21, Edensor Square, Derby DE22 3RQ	£1,300	70	2	Flat
£121K	10/21	0.78 mi	39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF	£2,200	55	2	Flat
£38K	04/23	0.84 mi	Flat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	£679	56	2	Flat
£90K	01/23	0.84 mi	124, Northumberland Street, Derby, City Of Derby DE23 6UA	£1,169	77	2	Flat
£42.5K	09/22	0.84 mi	Flat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£111K	07/22	0.84 mi	Flat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£110K	06/24	0.84 mi	Rowleys Mill, 26, Uttoxeter New Road, Derby DE22 3TJ	£1,833	60	2	Flat
£116K	07/24	0.85 mi	Alexandra Mill, 31, Great Northern Road, Derby DE1 1LW	£2,071	56	2	Flat
£83K	07/22	0.86 mi	52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ	-	-	2	Flat
£85K	06/21	0.88 mi	Flat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£48K	09/21	0.88 mi	Flat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£78.5K	08/21	0.91 mi	94, Gerard Street, Derby, City Of Derby DE1 1PH	-	-	2	Flat
£130K	08/21	0.95 mi	4, Salisbury Street, Derby, City Of Derby DE23 6SL	-	-	2	Flat
£145K	06/24	0.99 mi	34 Greenwich Gardens, 65, Greenwich Drive North, Derby DE22 4BH	-	-	2	Flat

Local Rents

50 rents from £525/mo to £1.2K/mo, average is £855/mo.

Rent	Date	Distance	Address	Beds	Type
£750	08/25	0 mi	Bishops Green, St. Swithins Close, Derby, DE22	2	Flat
£900	11/25	0 mi	Bishops Green, Derby, DE22 3FX	2	House
£625	07/25	0 mi	Bishops Green St Swithins Close, Derby City, DE22	2	Flat
£675	07/25	0 mi	Bishops Green, St. Swithins Close DE22 3FX	2	Flat
£800	11/25	0 mi	Bishops Green, St. Swithins Close	2	Flat
£1,195	09/25	0.02 mi	St. Swithins Close, Derby	2	Flat
£850	03/24	0.04 mi	-	2	Flat
£850	12/24	0.05 mi	Namur Close	2	Flat
£900	06/25	0.05 mi	-	2	Flat
£925	10/25	0.05 mi	-	2	Flat
£950	09/25	0.05 mi	St. Swithins Close, Derby, DE22	2	Flat
£950	10/25	0.05 mi	St. Swithins Close, Derby, DE22	2	Flat
£925	10/25	0.05 mi	St. Swithins Close, Derby, DE22	2	Flat
£800	10/25	0.06 mi	Bishops Green, St. Swithins Close, DE22	2	Flat
£800	06/25	0.07 mi	St. Swithins Close, DERBY	2	Flat
£650	08/25	0.14 mi	Garden Lodge Close, Derby, DE23	2	Flat
£625	08/25	0.14 mi	Apt Garden Lodge Close Louvain Road, Littleover	2	Flat
£750	12/24	0.15 mi	St. Albans Road, Derby	2	Detached House
£995	11/25	0.26 mi	Priory Heights Court, Derby	2	Flat
£850	01/25	0.26 mi	-	2	Flat
£895	03/24	0.26 mi	Priory Heights Court, Derby, Derbyshire, DE23 6AX	2	Flat
£950	06/25	0.26 mi	Priory Heights Court, Derby, Derbyshire, DE23 6AX	2	Flat
£960	09/25	0.26 mi	Radcliffe Drive, Derby	2	Semi-Detached House
£700	08/25	0.28 mi	Rowditch Avenue, Derby	2	Semi-Detached House
£895	12/24	0.33 mi	Great Willow Court, Derby, Derbyshire, DE22	2	Flat
£950	09/25	0.33 mi	Great Willow Court, DERBY	2	Flat
£950	11/25	0.33 mi	Great Willow Court, DERBY	2	House
£875	10/25	0.33 mi	Great Willow Court, Derby, DE22 3JA	2	Flat
£750	08/25	0.33 mi	Great Willow Court, Derby	2	Flat
£950	12/24	0.33 mi	-	2	Flat
£950	12/24	0.33 mi	-	2	Flat
£950	09/25	0.33 mi	-	2	Flat
£800	12/24	0.33 mi	-	2	Terraced House
£825	09/25	0.33 mi	-	2	Terraced House
£825	09/25	0.33 mi	Westbury Court, Derby, DE22	2	Terraced House
£895	07/25	0.33 mi	Leicester Street, Derby	2	Semi-Detached House
£875	11/25	0.34 mi	North Street, Littleover, Derby	2	Terraced House
£825	11/25	0.35 mi	Lime House, Lime Walk, Littleover	2	Flat
£825	07/25	0.35 mi	Lime House, Lime Walk, Littleover	2	Flat
£525	07/25	0.35 mi	Leicester Street, Derby	2	Terraced House
£800	03/24	0.35 mi	Wade Avenue, Littleover	2	Detached House
£900	06/25	0.35 mi	Burton Road, Derby, DE23 6FL	2	Flat
£988	05/15	0.35 mi	Littleover House - Available Now	2	Flat
£926	08/25	0.35 mi	Littleover House, Derby - Available Now	2	Flat
£825	10/25	0.35 mi	-	2	Terraced House
£860	08/25	0.35 mi	LITTLEOVER HOUSE, BURTON ROAD - AVAILABLE AUGUST	2	Flat
£900	07/25	0.35 mi	Westbury Street, Derby	2	Flat
£700	08/25	0.36 mi	Westbury Street, Derby, Derbyshire, DE22	2	Terraced House
£795	07/25	0.36 mi	Westbury Street, Derby, DE22	2	Terraced House
£850	08/25	0.36 mi	Westbury Street, Derby, DE22	2	Terraced House

Local Area Statistics

Population in DE22	45,97645,976
Population in Derby	308,324308,324
Town centre distance	1.22 miles away1.22 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.58 miles away1.58 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-12%-12%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £125,000

February 18, 2025

Floor Plans

Description

Ideal Investment or First Time Buy +
Top Floor Apartment +
Central Heating +
Allocated parking +
Close to local amenities & Commuter routes +
No Upward Chain +

*IDEAL FIRST TIME BUY OR INVESTMENT* Leaders are delighted to offer for sale this two bedroom well-presented top floor apartment. Ideally located, being close to local amenities, schools, easy access to commuter routes and major employers including Rolls-Royce, Toyota, Nestle & JCB. The accommodation briefly comprises; entrance hallway leading to all accommodation. Two double bedrooms, spacious open plan living/kitchen/dining area and main bathroom. The property also benefits from well-maintained communal grounds and allocated parking. Viewings are highly recommended. To talk to a Mortgage Adviser? Call Option 2

Agent Details

Leaders Derby Borrowash Sales, Derby Borrowash

01332 529794

Next Steps?

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

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