3 Bed Terraced House, Single Let, Belper, DE56 1FF, £87,500

23 Chesterfield Road, Belper, Derbyshire DE56 1FF - 8 views - 2 months ago

Auction
BTL
ROI: 17%
74 m²
+4 photos

ValuationUndervalued

Sold Prices£149K - £503K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

74 m²
Price/m²£1.2K/m²

Value Estimate

£108,500
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,875

Stamp Duty & Legal Fees

£3,825

Total Cash In

£25,700

 

 

Cash Out

 

Rent Range

£760 - £1,200

Rent Estimate

£831

Running Costs/mo

£460

Cashflow/mo

£371

Cashflow/yr

£4,456

ROI

17%

Gross Yield

11%

Local Sold Prices

50 sold prices from £149K to £503K, average is £272K. £1.5K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£232K02/230.06 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£325K05/210.09 mi10, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£350K03/210.09 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£225K01/230.12 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£300K12/220.13 mi6, Church View, Belper, Derbyshire DE56 1JB3
£330K06/230.13 mi4, Church View, Belper, Derbyshire DE56 1JB3
£193K12/200.14 mi119, Marsh Lane, Belper, Derbyshire DE56 1GU3
£191K11/200.14 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.14 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£215K12/220.2 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£280K10/210.2 mi113, Marsh Lane, Belper, Derbyshire DE56 1GT3
£200K10/210.2 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£280K02/210.21 mi2, Wheeldon Avenue, Belper, Derbyshire DE56 1GX3
£188K08/210.21 mi25, High Street, Belper, Derbyshire DE56 1GF3
£210K06/230.21 mi18, High Street, Belper, Derbyshire DE56 1GF3
£318K02/210.22 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£245K12/200.22 mi43, Spencer Road, Belper, Derbyshire DE56 1JY3
£345K06/230.22 mi40, Spencer Road, Belper, Derbyshire DE56 1JY3
£450K02/230.23 mi38, Spencer Road, Belper, Derbyshire DE56 1JY3
£503K02/230.23 mi52, Spencer Road, Belper, Derbyshire DE56 1JY3
£150K12/200.24 mi8, Birch Vale, Belper, Derbyshire DE56 1BR3
£210K08/210.24 mi35, Crich Lane, Belper, Derbyshire DE56 1EN3
£224.4K12/210.24 mi16, St Johns Road, Belper, Derbyshire DE56 1JE3
£310K07/230.24 mi22, St Johns Road, Belper, Derbyshire DE56 1JE3
£149K10/200.24 mi10, St Johns Road, Belper, Derbyshire DE56 1JE3
£188K10/200.26 mi7, Green Lane, Belper, Derbyshire DE56 1BY3
£185K09/210.26 mi21, Green Lane, Belper, Derbyshire DE56 1BY3
£310K12/200.26 mi13, Laund Nook, Belper, Derbyshire DE56 1GY3
£315K06/210.26 mi40, Long Row, Belper, Derbyshire DE56 1DS3
£323.5K12/200.26 mi34, Long Row, Belper, Derbyshire DE56 1DS3
£220K07/210.26 mi1, Spencer Avenue, Belper, Derbyshire DE56 1LA3
£215K03/230.28 mi1, Nottingham Road, Belper, Derbyshire DE56 1JG3
£320K03/210.28 mi3, Joseph Street, Belper, Derbyshire DE56 1DP3
£288K02/210.29 mi18, George Street, Belper, Derbyshire DE56 1DL3
£304.3K12/200.29 mi11, George Street, Belper, Derbyshire DE56 1DL3
£365K12/200.29 mi22, The Butts, Belper, Derbyshire DE56 1HX3
£225K01/230.3 mi139, Nottingham Road, Belper, Derbyshire DE56 1JH3
£250K03/230.3 mi86, Nottingham Road, Belper, Derbyshire DE56 1JH3
£258K12/200.32 mi16, Monyash Way, Belper, Derbyshire DE56 1FW3
£255K08/210.32 mi20, Monyash Way, Belper, Derbyshire DE56 1FW3
£222K02/210.32 mi41, Monyash Way, Belper, Derbyshire DE56 1FW3
£277K06/230.32 mi11a, Monyash Way, Belper, Derbyshire DE56 1FW3
£295K09/210.32 mi81, Parkside, Belper, Derbyshire DE56 1HY3
£295K06/210.33 mi17, Albert Street, Belper, Derbyshire DE56 1DA3
£350K01/230.33 mi14, Albert Street, Belper, Derbyshire DE56 1DA3
£267K02/210.33 mi67, Marsh Lane, Belper, Derbyshire DE56 1GS3
£234K03/210.33 mi5, Mill View, Belper, Derbyshire DE56 1FE3
£340K06/230.33 mi74, Long Row, Belper, Derbyshire DE56 1DR3
£299.9K07/230.36 mi22, Bessalone Drive, Belper, Derbyshire DE56 1ES3
£295K08/210.36 mi79, Spencer Road, Belper, Derbyshire DE56 1JW3

Local Rents

14 rents from £760/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£89512/240.11 miWindmill Lane, Belper3
£90012/240.12 miChesterfield Road, Belper, Derbyshire, DE563
£95012/240.26 miGreen Lane, Belper, Derby3
£1,00012/240.26 miGreen Lane, Belper, Derbyshire, DE563
£90012/240.3 miMarsh Lane, Belper, Derbyshire, DE563
£76009/230.38 mi-3
£85012/240.41 miQueen Street, Belper3
£90012/240.55 miAlder Road, BELPER3
£80012/240.64 miFar Laund, Belper3
£89512/240.75 miSycamore Croft, Belper3
£1,20001/251.03 mi-3
£1,20012/241.04 miClan Drive, Belper, Derby, DE56 1RB3
£1,00012/241.12 miBrafield Close, Belper3
£95012/241.19 miCook Close, Belper3

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £87,500

February 20, 2025

Description

  • Auction: 27.03.2025 09:00 +
  • Council Tax Band: A +
  • Stone built three storey three bedroomed end terraced cottage +
  • Some improvement and upgrading required +
  • Views over Belper and beyond to the Chevin +
  • Short walk to Belper town centre +
  • Fitted kitchen and bathroom +
  • Potential Air B and B or BTL opportunity +
  • Offered for sale with immediate vacant possession +
  • EPC Rating: D +

For sale on 27 March 2025
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
The auction will commence at 09:00.
On behalf of Gadsby Nichols - Derby Enjoying views over Belper and beyond to the Chevin, is an affordable, stone built, three storey, three bedroomed end terraced cottage, offered for sale with immediate vacant possession.

Internally the property requires some improvement and upgrading and in brief, the mostly gas centrally heated living accommodation consists of an entrance lobby, front sitting room and fitted kitchen with built-in-appliances. To the first floor landing there is the main bedroom with fitted wardrobes and family bathroom with three piece suite in white. To the second floor landing there are two further well proportioned bedrooms.

The historic market town of Belper is located at the heart of the Derwent Valley Mills World Heritage Site. Belper is well known for the iconic East Mill nestling alongside the beautiful river gardens close to the bustling, award wining town centre, where there is an abundance of independent shops, public houses/restaurants and leisure facilities. There is also a train station and the A6 is the main arterial road through the heart of Belper providing swift access onto the city of Derby located some 8 miles to the south. Nearby attractions include the famous Chatsworth House and the charming spa town of Matlock surrounded by some delightful rolling Derbyshire countryside.

The sale provides a genuine opportunity for a discerning purchaser looking to acquire a very sensibly priced starter/family home, located within an established and popular residential location. Entrance Lobby 4ft 8 x 3ft 6
Front Sitting Room 13ft max x 11ft 6
Fitted Kitchen 9ft x 7ft 9
First Floor Landing L-shaped 12ft 9 x 11ft 4
Bedroom One 12ft 9 x 11ft 4
Family Bathroom 7ft 10 x 5ft 4
Second Floor Landing Giving access to -
Bedroom Two 12ft 7 x 10ft 7 into chimney recess
Bedroom Three 9ft 7 restricted height x 9ft 5
Flood Risk Rivers and Seas - No Risk. Surface Water - Low.
Conservation Area We have been made aware this property is in the Belper and Milford conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Building Construction Sandstone or limestone, as built, no insulation (assumed) - Information taken from EPC.
Broadband (estimated speeds) Standard 15 mbps, Superfast 79 mbps and Ultrafast 1000 mbps show as available in this location
Mobile Signal EE, O2, Vodaphone and Three show as available in this location.
Satellite and Cable TV Availability Sky and BT show as available in this location.
Draft Sales Details These sales details are awaiting vendor approval. Tenure: Freehold EPC Rating: D Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

SDL Property Auctions, Nationwide

08000 465454

Next Steps?

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