2 Bed Terraced House, Single Let, Belper, DE56 1TL, £125,000

5 Edensor Drive, Belper, Derbyshire, England, DE56 1TL - 1 views - 2 months ago

Auction
BTL
ROI: 3%
53 m²
+12 photos

ValuationUndervalued

Sold Prices£130K - £335K
Sold Prices/m²£1.7K/m² - £5K/m²

 

 

Square Metres

52.99 m²
Price/m²£2.4K/m²

Value Estimate

£152,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£595 - £1,100

Rent Estimate

£636

Running Costs/mo

£538

Cashflow/mo

£98

Cashflow/yr

£1,178

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £335K, average is £181.5K. £1.7K/m² to £5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£150K03/210 mi32, Edensor Drive, Belper, Derbyshire DE56 1TL2
£170K03/210.04 mi11, Newton Close, Belper, Derbyshire DE56 1TN2
£197.5K04/210.11 mi4, Dalton Road, Belper, Derbyshire DE56 0AF2
£190K04/230.13 mi10, Belgrave Close, Belper, Derbyshire DE56 1TX2
£187K07/230.13 mi26, Weavers Close, Belper, Derbyshire DE56 0HZ2
£183K11/220.13 mi3, Arkwright Avenue, Belper, Derbyshire DE56 0HY2
£195K03/230.13 mi15, Arkwright Avenue, Belper, Derbyshire DE56 0HY2
£250K11/220.29 mi58, Ladywood Avenue, Belper, Derbyshire DE56 1HT2
£192K04/210.31 mi40, Deepdale Road, Belper, Derbyshire DE56 1HQ2
£187K06/230.32 mi30, Walcote Close, Belper, Derbyshire DE56 0HA2
£163K08/210.32 mi31, Walcote Close, Belper, Derbyshire DE56 0HA2
£325K07/230.35 mi38, Dovedale Crescent, Belper, Derbyshire DE56 1HJ2
£275K03/230.36 mi9, Ladywood Avenue, Belper, Derbyshire DE56 1HS2
£275K01/230.4 mi39, Lowlands Road, Belper, Derbyshire DE56 1HN2
£245K03/230.44 mi3, Alton Road, Belper, Derbyshire DE56 0HE2
£175K12/200.45 mi4, Kilbourne Road, Belper, Derbyshire DE56 1HA2
£159K04/210.45 mi35, Kilbourne Road, Belper, Derbyshire DE56 1HA2
£270K03/230.5 mi30, Bessalone Drive, Belper, Derbyshire DE56 1ES2
£177.5K07/230.51 mi6, Marsh Lane, Belper, Derbyshire DE56 1GS2
£164K06/230.53 mi4, Brampton Court, Belper, Derbyshire DE56 0EJ2
£170K05/210.54 mi95, Marsh Lane, Belper, Derbyshire DE56 1GT2
£151.8K11/210.56 mi182, Nottingham Road, Belper, Derbyshire DE56 1JL2
£155K11/210.57 mi26, St James Close, Belper, Derbyshire DE56 0EF2
£163K10/200.57 mi1, St James Close, Belper, Derbyshire DE56 0EF2
£140K09/210.6 mi19, Pytchley Close, Belper, Derbyshire DE56 0EH2
£335K06/230.61 mi46, Windmill Lane, Belper, Derbyshire DE56 1GP2
£166K10/210.64 mi12, Culworth Close, Belper, Derbyshire DE56 0EW2
£299.9K11/220.64 mi20, Windmill Rise, Belper, Derbyshire DE56 1GQ2
£205K04/210.65 mi3, Stoke Close, Belper, Derbyshire DE56 0DN2
£172K11/210.65 mi5, Barton Knowle, Belper, Derbyshire DE56 0DE2
£177.5K04/230.65 mi7, Barton Knowle, Belper, Derbyshire DE56 0DE2
£225K07/230.67 mi36, Spencer Road, Belper, Derbyshire DE56 1JY2
£180K04/210.67 mi9, John O'gaunts Way, Belper, Derbyshire DE56 0DA2
£160K06/210.67 mi27, John O'gaunts Way, Belper, Derbyshire DE56 0DA2
£220K12/220.68 mi7, Spencer Road, Belper, Derbyshire DE56 1JY2
£130K01/210.69 mi14, Swinney Lane, Belper, Derbyshire DE56 1EF2
£167K03/210.69 mi18, Booth Gate, Belper, Derbyshire DE56 2BP2
£224K07/230.7 mi19, Blackden Close, Belper, Derbyshire DE56 0DL2
£140K09/210.7 mi17, Yardley Way, Belper, Derbyshire DE56 0ES2
£162.5K12/200.7 mi29, Yardley Way, Belper, Derbyshire DE56 0ES2
£147K08/210.71 mi76, Nottingham Road, Belper, Derbyshire DE56 1JH2
£220K03/230.71 mi76, Nottingham Road, Belper, Derbyshire DE56 1JH2
£140K10/200.71 mi101, Nottingham Road, Belper, Derbyshire DE56 1JH2
£178K03/230.72 mi4, Ash Acre, Belper, Derbyshire DE56 0DJ2
£175K04/210.72 mi12, Ash Acre, Belper, Derbyshire DE56 0DJ2
£189.9K03/210.73 mi47, Cemetery Road, Belper, Derbyshire DE56 1EJ2
£215K12/220.75 mi58, Nottingham Road, Belper, Derbyshire DE56 1JH2
£220K07/230.76 mi56, Penn Street, Belper, Derbyshire DE56 1GH2
£245K07/230.79 mi105, Over Lane, Belper, Derbyshire DE56 0HN2
£210K05/210.79 mi220, Kilbourne Road, Belper, Derbyshire DE56 1SB2

Local Rents

21 rents from £595/mo to £1.1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£69512/240 miEdensor Drive, Belper, Derbyshire, DE562
£82512/240.09 miEdensor Drive, BELPER2
£79511/240.15 mi-2
£1,02502/250.29 mi-2
£75002/250.59 mi-2
£85012/240.66 miCulworth Close, Belper2
£77512/240.74 miJaeger Close, BELPER2
£77512/240.87 miThe Woodlands, The Orchard, Belper, Derbyshire, DE56 1DF2
£70012/240.89 miOpenwoodgate, Belper, Derbyshire, DE562
£87503/250.94 mi-2
£87503/250.94 mi-2
£75012/241.04 miNew Road, Heage, Belper, Derbyshire, DE562
£59512/241.08 miStrutt Street, Belper2
£65012/241.11 miKing Street, BELPER2
£77512/241.17 miBridge Street, Belper, DE562
£77512/241.17 mi-2
£79502/251.17 mi-2
£77512/241.18 mi-2
£79504/251.18 mi-2
£65012/241.18 miBowling Alley, Heage, Belper, Derbyshire, DE562
£1,10002/251.23 mi-2

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.76 miles away

Nearest school

0.40 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £125,000

February 24, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Mid terraced home +
  • In need of refurbishment +
  • Two bedrooms +
  • Enclosed rear garden +
  • Off-road parking +

SUMMARY
No chain! A two bedroom mid-terraced home situated in a cul-de-sac location within Belper boasting off-road parking and an enclosed rear garden, in need of refurbishment. Comprising; Hallway, kitchen, lounge/ diner, two bedrooms and family bathroom.

DESCRIPTION
A two bedroom mid-terraced home situated in Belper boasting off-road parking and an enclosed rear garden, in need of refurbishment. The property has double glazing throughout, a gas fired central heating system and is for sale with no upward chain. In brief, the accommodation comprises; An entrance hallway, kitchen, lounge/ diner, two bedrooms and family bathroom. Outside, to the front the property is a lawned fore-garden with paved path leading to the front entrance door. To the side is communal driveway to the side providing access to allocated parking space for two vehicles. The rear garden is fully enclosed, laid mainly to lawn and has a paved patio seating area.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent's Note 
Please be aware that there is a hole in the floor of the bathroom/ the ceiling in the kitchen.

Entrance Hallway 
Having UPVC double glazed door to the front elevation and central heating radiator.

Kitchen 8' 1" x 8' ( 2.46m x 2.44m )
Having a range of matching wall and base units with laminate work surfaces over, inset stainless steel sink and drainer with chrome mixer tap over, integrated oven with gas hob over and UPVC double glazed window to the front elevation.

Lounge 15' 1" x 12' ( 4.60m x 3.66m )
Having UPVC double glazed sliding door to the rear elevation giving access to the garden, central heating radiator and stairs rising to the first floor landing.

Landing  
Having loft hatch giving access to the loft.

Bedroom One 12' x 11' 11" Max ( 3.66m x 3.63m Max )
Having UPVC double glazed window to the rear elevation, fitted wardrobes, over stairs store cupboard and panel heater.

Bedroom Two 11' 10" x 5' 10" ( 3.61m x 1.78m )
Having UPVC double glazed window to the front elevation and panel heater.

Family Bathroom 
Having panelled bath with chrome taps and shower head over, pedestal wash hand basin with chrome taps over, low level W.C, storage cupboard, extractor fan and UPVC double glazed obscured window to the front elevation.

Outside 
To the front of the property is access via paved path and communal driveway to the side providing access to allocated parking space for two vehicles.
To the rear the garden is mainly laid to lawn with a paved patio seating area and fully enclosed.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Burchell Edwards, Belper

01773 302204

Next Steps?

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