2 Bed Flat, Single Let, Derby, DE22 3SY, £110,000

Jackdaw Close, Derby, Derbyshire, DE22 3SY - a month ago

Sold STC
Leasehold
BTL
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£37K - £170.5K
Sold Prices/m²£679/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£113,254
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£98 - £1,257

Rent Estimate

£271

Running Costs/mo

£418

Cashflow/mo

£-147

Cashflow/yr

£-1,763

Gross Yield

3%

Local Sold Prices

34 sold prices from £37K to £170.5K, average is £104.5K. £679/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£92.5K08/210.01 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£109K10/220.2 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.2 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£135K09/220.44 mi34, Kniveton Close, Derby, City Of Derby DE22 3BB2
£38K04/230.49 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£42.5K09/220.49 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.49 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£85K06/210.55 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£48K09/210.55 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£136K06/210.55 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£42K11/220.56 miFlat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£60K12/200.56 miFlat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£37K02/210.56 miFlat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX2
£127.5K07/210.68 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£95K03/210.69 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£140K03/230.71 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£85K10/210.72 mi12, Nuns Street, Derby, City Of Derby DE1 3LL2
£95K10/210.72 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.72 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£143K12/220.75 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£80K02/230.76 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£122.5K08/210.76 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£124K03/210.79 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£100K11/210.8 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£78.5K08/210.85 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.85 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£90K07/220.9 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£170.5K09/220.91 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K04/210.91 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.91 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.91 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.91 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.91 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.91 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2

Local Rents

50 rents from £98/mo to £1.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80012/240.08 miArnold Street, DERBY2
£85003/240.08 mi-2
£67212/240.09 miCobden Street2
£82512/240.1 mi-2
£45512/240.11 miPeach Street2
£85012/240.11 mi-2
£82512/240.13 mi2 Bedroom Terraced House, Howe Street, Derby Centre2
£75001/240.16 mi-2
£37512/240.17 miStables Street, Derby, 2
£38512/240.17 miStables Street, Derby , 2
£77512/240.19 miFindern Street, Derby2
£45512/240.19 miFindern Street, Derby, 2
£91002/250.2 mi-2
£41212/240.22 miStudent Property 24 - 252
£78002/250.23 mi-2
£77512/240.23 mi-2
£38512/240.23 miMorley Street, Derby, 2
£85012/240.23 miRadbourne Street, Derby, DE22 3HD2
£95003/250.24 mi-2
£82512/240.24 miRowditch Place, Derby, Derbyshire, DE222
£1,10512/240.24 miRadbourne Street, Derby2
£99703/240.24 miWild Street, Derby, Derbyshire, DE1 1GP2
£82504/240.24 miWild Street, DERBY2
£86703/240.24 miWild Street, Derby, Derbyshire, DE12
£47712/240.24 miStudent Property 24-252
£68004/240.25 miWild Street2
£82512/240.26 mi-2
£63012/240.26 miHandford Street, Derby, 2
£9804/240.27 miFlat, Derby2
£85002/240.28 mi-2
£80002/240.28 mi-2
£75003/240.28 mi-2
£75002/240.28 mi-2
£87503/250.29 mi-2
£79503/240.3 miGranville Street, Derby2
£92503/240.31 miGreat Northern Road, Derby2
£87501/250.32 mi-2
£80001/250.33 mi-2
£80003/250.33 mi-2
£79012/240.33 miFrederick Street , Derby, 2
£39512/240.33 miManchester Street, Derby, 2
£53512/240.33 miCamden Street, Derby, 2
£69512/240.33 mi-2
£69502/240.33 mi-2
£1,25712/240.33 miManchester Street, Derby, Derbyshire, DE222
£80012/240.33 miManchester Street, Derby2
£1,20512/240.33 miManchester Street, Derby, Derbyshire, DE222
£95012/240.34 miLonsdale Place, DERBY2
£1,19612/240.34 miManchester Street, Derby, Derbyshire, DE222
£79512/240.34 miThe Maltings, Derby, DE22 3AU2

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

1.22 miles away

Nearest school

0.40 miles away

Nearest train station

1.62 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £110,000

February 19, 2025

Floor Plans

Description

  • Producing £13,560 Annual Rent +
  • Ideal Buy To Let / First Time Purchase +
  • Great Location +
  • Allocated Parking +
  • No Chain +

Modern 2-Bedroom Top-Floor Apartment

Ideal Investment or First-Time Buy

Jackdaw Close, Derby

A fantastic opportunity to purchase this spacious and modern top-floor apartment, ideally located close to Derby city Centre, the University, and local amenities. Currently let to three tenants, this property offers a ready-made investment but can also be sold with vacant possession depending on buyer preference.

Inside, the apartment features a contemporary kitchen (2.29m x 1.78m) with integrated appliances, laminate flooring, and a dedicated dining area. The living area (5.84m x 3.43m), currently converted into an additional bedroom, provides a versatile space with laminate flooring throughout.

The property benefits from two well-proportioned double bedrooms:

Bedroom One (3.45m max x 2.77m) - Neutrally decorated, carpeted, and featuring a built-in double wardrobe.

Bedroom Two (2.77m x 2.29m) - Another generously sized double bedroom with a neutral finish and carpeted flooring.

A modern family bathroom (2.13m x 1.78m) includes a bath with shower over, WC, and washbasin, complemented by tiled flooring and part-tiled walls.

The apartment also benefits from an allocated parking space within the residents' car park. Its prime location provides easy access to public transport, shops, major road links, and essential amenities.

Key Features:

Two double bedrooms (plus additional converted bedroom)
Modern kitchen with integrated appliances & dining space
Allocated parking space
Top-floor position for added privacy
Excellent location - close to city centre, University & supermarket
Currently let but available with vacant possession

Key Points To Consider:

Ground Rent - We can confirm the ground rent is peppercorn (£1 per year) therefore this is not demanded.
Service Charges: We can confirm that the service charge for the current year is £1056.00 (2x instalments of £528).

Reserve Fund (Sinking Fund) - Last AGM included a £1000 for a reserve fund which was included within the service charge budget for the year.

Whether you're a buy-to-let investor or a first-time buyer, this apartment is a fantastic opportunity!

Contact us today to arrange a viewing.

Agent Details

Ibbotson Estates, Derby

01332 215082

Next Steps?

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