2 Bed Flat, Single Let, Derby, DE22 1JU £133,000

Highfields Park Drive, Derby, DE22 1JU - 2 views - 9 months ago
Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
Property image
Property image

ValuationOvervalued

Sold Prices£30K - £225K
Sold Prices/m²£545/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£127,708

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,250

Stamp Duty & Legal Fees

£8,010

Total Cash In

£41,260

 

 

Cash Out

 

Rent Range

£625 - £1,250

Rent Estimate

£800

Running Costs/mo

£596

Cashflow/mo

£204

Cashflow/yr

£2,453

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £30K to £225K, average is £121.6K. £545/m² to £2.8K/m², average is £1.9K/m².

Price
Date
Distance
Address
Beds
 
£158K03/230 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£149K02/230 mi104, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£137K08/250.04 mi90, Highfields Park Drive, Derby DE22 1JU2
£105K05/240.32 miNorbury Court, 8, Norbury Close, Derby DE22 2YA2
£52.5K05/250.32 mi16, Queens Court, Woodland Road, Derby DE22 1GR2
£52.5K05/250.32 mi16, Queens Court, Woodland Road, Derby DE22 1GR2
£65K12/240.32 miQueens Court, 8, Woodland Road, Derby DE22 1GR2
£65K12/240.32 mi8, Queens Court, Woodland Road, Derby DE22 1GR2
£225K03/250.43 mi3, Friarsfield, Burleigh Drive, Derby DE22 1AL2
£225K03/250.43 mi3, Friarsfield, Burleigh Drive, Derby DE22 1AL2
£110K11/240.53 mi45, Arthur Hind Close, Derby DE22 1HS2
£110K11/240.53 mi45, Arthur Hind Close, Derby DE22 1HS2
£195K11/240.69 mi3, 14 St Georges House, St Georges Close, Derby DE22 1JH2
£195K11/240.69 mi3, 14 St Georges House, St Georges Close, Derby DE22 1JH2
£195K11/240.69 mi14 St Georges House, 3, St Georges Close, Derby DE22 1JH2
£163.5K07/250.77 mi2b, Belper Road, Derby DE1 3EN2
£75K09/240.83 mi5, St Annes Close, Derby DE1 3NE2
£122K01/250.83 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£122K01/250.83 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£110K03/250.84 mi11, Leaper Street, Derby DE1 3ND2
£135K10/240.85 mi174, Magnus Court, Derby DE21 4TR2
£135K10/240.85 mi174, Magnus Court, Derby DE21 4TR2
£112K10/240.85 mi164, Magnus Court, Derby DE21 4TR2
£112K10/240.85 mi164, Magnus Court, Derby DE21 4TR2
£136K03/250.85 mi162, Magnus Court, Derby DE21 4TR2
£136K03/250.85 mi162, Magnus Court, Derby DE21 4TR2
£121.3K01/220.85 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.85 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.86 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£130K02/240.86 mi27, Magnus Court, Derby DE21 4TQ2
£130K02/240.86 mi27, Magnus Court, Derby DE21 4TQ2
£125K07/220.86 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£135K02/250.86 mi53, Magnus Court, Derby DE21 4TQ2
£135K02/250.86 mi53, Magnus Court, Derby DE21 4TQ2
£127.5K07/230.86 mi21, Magnus Court, Derby, City Of Derby DE21 4TQ2
£124.5K06/230.86 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.86 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.86 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£30K01/250.87 mi74, Magnus Court, Derby, City Of Derby DE21 4TR2
£116.5K11/230.87 mi82, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.87 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£118K06/240.87 miParkland View, Flat 81, Bath Street, Derby DE1 3FG2
£118K07/230.87 mi12, Magnus Court, Derby DE21 4TR2
£116.5K11/230.87 mi82, Magnus Court, Derby DE21 4TR2
£30K01/250.87 mi74, Magnus Court, Derby DE21 4TR2
£30K01/250.87 mi74, Magnus Court, Derby DE21 4TR2
£122.5K09/230.87 mi54, Magnus Court, Derby DE21 4TR2
£116.5K01/240.87 mi16, Magnus Court, Derby DE21 4TR2
£116.5K01/240.87 mi16, Magnus Court, Derby DE21 4TR2
£136K03/250.87 mi14, Magnus Court, Derby DE21 4TR2

Local Rents

50 rents from £625/mo to £1.3K/mo, average is £850/mo.

Rent
Date
Distance
Address
Beds
 
£76008/250 miHighfields Park Drive, Derby, DE222
£63507/250 miHighfields Park Drive, Derby2
£85004/250.01 mi-2
£63507/250.01 miHighfield Park Drive, Broadway, Derby DE22 1JU2
£75008/250.01 miHighfields Park Drive, Derby2
£87510/250.03 miHighfields Park Drive, Darley Abbey, Derby2
£82512/240.03 miHighfields Park Drive, Darley Abbey, Derby2
£62507/250.04 miHighfields Park Drive, Darley Abbey, Derby2
£1,10010/250.12 miThorpelands Drive, Allestree2
£89510/250.13 miDerby, DE222
£1,05009/250.27 miFerrers Way, Allestree2
£85011/250.32 mi-2
£87509/250.32 miNorfolk Gardens, Duffield Road2
£62509/250.32 miNorfolk Gardens, Duffield Road, Derby DE22 1AJ2
£1,08008/230.33 mi-2
£80009/250.33 miPark Farm Drive, Allestree, Derby2
£80009/250.33 miPark Farm Drive, Allestree, Derby2
£77509/250.33 miPark Farm Drive, Allestree, DERBY2
£95009/250.33 miPark Farm Drive, Allestree, Derby2
£99508/250.33 miHulland View, Allestree2
£92011/250.36 miWheeldon Manor, Wheeldon Avenue, Derby, DE222
£85010/250.36 miPark Farm Drive, Allestree, DERBY2
£82512/240.36 miWheeldon Manor, Wheeldon Avenue, Derby2
£92009/250.36 miWheeldon Manor, Wheeldon Avenue, Derby2
£1,00010/250.36 miMile Ash Lane, Darley Abbey Village, Derby2
£95012/240.37 miFindern Close, Allestree2
£99506/250.37 miLavender Row, Darley Abbey Village, Derby2
£65008/250.38 mi2 Bedroom Cottage, Mileash Lane, Darley Abbey2
£80008/230.4 mi-2
£82506/250.4 mi-2
£99511/250.4 miMileash Lane, Darley Abbey2
£70007/250.41 miWillow Close, Darley Abbey, Derby2
£67106/250.41 miLongford Street, Derby, DE222
£92510/250.41 miLongford Street, Derby2
£85011/250.41 miLongford Street, Derby, DE222
£77511/250.41 miLongford Street, Derby, DE222
£95011/250.41 miParkfields Drive, Derby, Derbyshire2
£89512/240.41 miBirchover Way, Allestree, Derby, Derbyshire2
£79507/250.41 miSherwin Street, Derby2
£77507/250.41 miSherwin Street, Derby2
£95011/250.42 miEdale Close, Derby, Derbyshire, DE222
£85010/250.42 miLongford Street, Derby, Derbyshire2
£1,00008/250.42 miPark Grove, Derby2
£65007/250.43 miCedar Street, Derby, DE222
£80006/250.44 miCedar Street, Derby, DE22 1GD2
£80006/250.44 miCedar Street, Derby, DE22 1GD2
£95008/250.44 miBirchover Way, Allestree, Derby2
£1,25009/250.44 miBirchover Way, Allestree, Derby2
£92511/250.44 miLongford Street, DE222
£85011/250.44 miLongford Street, DE222

Local Area Statistics

Population in DE22

45,976

Population in Derby

308,324

Town centre distance

1.85 miles away

Nearest school

0.20 miles away

Nearest train station

2.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £133,000

February 21, 2025

Floor Plans

Property image

Description

  • Two Double Bedrooms +
  • First Floor Apartment +
  • Two Bathrooms +
  • Sought After Darley Abbey Location +
  • Off Road Allocated Parking +
  • Open Plan Living Accommodation +
  • No Onward Chain +
  • Vacant Possession +
  • Leasehold +
  • Standard Brick Construction +

This stylish and well-presented first-floor apartment is located in the highly sought-after Highfields Park Drive estate, just a short walk from Darley Park and within easy reach of Derby city centre, Markeaton Park, Allestree Park and local amenities. The property offers two spacious double bedrooms, with the master benefiting from an ensuite shower room. The open-plan lounge and kitchen area creates a modern and inviting living space, enhanced by a Juliet balcony that allows plenty of natural light to flow through. The kitchen is well-equipped and includes a fridge freezer and washing machine for added convenience. The apartment also benefits from allocated off-road parking, along with ample visitors parking, ensuring ease and convenience for both residents and guests. With a market rental income of approximately £800 per month, this property is a fantastic opportunity for investors, first-time buyers, or those looking to downsize. Its prime location, generous living space, and contemporary design make it an excellent choice for a comfortable and well-connected home. EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 106 years 11 months,

Agent Details

Northwood, Derby

01332 215583

Next Steps?

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