2 Bed Flat, Single Let, Derby, DE24 1AP £120,000

30 Coral Close, Derby, City Of Derby, DE24 1AP - 9 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~55 m²

ValuationOvervalued

Sold Prices	£85K - £130K
Sold Prices/m²	£1.2K/m² - £3.1K/m²

Square Metres	~54.63 m²
Price/m²	£2.2K/m²
Value Estimate	£99,586£99,586

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Rent Range	£443 - £1,450£443 - £1,450
Rent Estimate	£572
Running Costs/mo	£509£509
Cashflow/mo	£63£63
Cashflow/yr	£751£751
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £85K to £130K, average is £112K. £1.2K/m² to £3.1K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£112.5K	02/24	0 mi	62, Coral Close, Derby, City Of Derby DE24 1AP	£1,786	63	2	Flat
£97K	07/21	0 mi	54, Coral Close, Derby, City Of Derby DE24 1AP	£1,590	61	2	Flat
£120K	08/22	0 mi	64, Coral Close, Derby, City Of Derby DE24 1AP	£1,941	62	2	Flat
£117K	01/23	0 mi	32, Coral Close, Derby, City Of Derby DE24 1AP	£3,079	38	2	Flat
£110K	07/25	0.02 mi	44, Coral Close, Derby DE24 1AP	-	-	2	Flat
£113K	01/24	0.02 mi	48, Coral Close, Derby DE24 1AP	£2,055	55	2	Flat
£125K	11/23	0.03 mi	60, Coral Close, Derby DE24 1AP	£2,049	61	2	Flat
£112.5K	02/24	0.03 mi	62, Coral Close, Derby DE24 1AP	-	-	2	Flat
£125K	08/24	0.06 mi	6, Atlantic Way, Derby DE24 1AB	£1,786	70	2	Flat
£118K	04/24	0.06 mi	14, Atlantic Way, Derby DE24 1AB	£2,360	50	2	Flat
£118K	04/24	0.06 mi	14, Atlantic Way, Derby DE24 1AB	-	-	2	Flat
£113K	02/25	0.06 mi	22, Pacific Way, Derby DE24 1AA	£1,948	58	2	Flat
£113K	02/25	0.06 mi	22, Pacific Way, Derby DE24 1AA	-	-	2	Flat
£112K	06/22	0.07 mi	17, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,217	92	2	Flat
£118K	04/24	0.08 mi	14, Atlantic Way, Derby, City Of Derby DE24 1AB	£2,360	50	2	Flat
£110K	02/23	0.08 mi	22, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,864	59	2	Flat
£122.5K	05/23	0.08 mi	6, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,750	70	2	Flat
£111K	12/21	0.08 mi	25, Atlantic Way, Derby, City Of Derby DE24 1AB	-	-	2	Flat
£117.5K	02/23	0.08 mi	33, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,865	63	2	Flat
£112K	10/22	0.09 mi	35, Atlantic Way, Derby, City Of Derby DE24 1AB	£1,534	73	2	Flat
£118.5K	11/24	0.1 mi	56, Panama Circle, Derby DE24 1AE	£1,769	67	2	Flat
£118.5K	11/24	0.1 mi	56, Panama Circle, Derby DE24 1AE	-	-	2	Flat
£118.5K	11/24	0.1 mi	56, Panama Circle, Derby DE24 1AE	£1,769	67	2	Flat
£110K	12/24	0.11 mi	52, Magellan Way, Derby, City Of Derby DE24 1AD	£1,964	56	2	Flat
£90K	09/21	0.11 mi	40, Magellan Way, Derby, City Of Derby DE24 1AD	£1,429	63	2	Flat
£114K	08/22	0.11 mi	42, Magellan Way, Derby, City Of Derby DE24 1AD	£1,810	63	2	Flat
£112K	11/24	0.11 mi	60, Panama Circle, Derby DE24 1AE	£1,750	64	2	Flat
£110K	10/22	0.11 mi	49, Panama Circle, Derby, City Of Derby DE24 1AE	£1,903	58	2	Flat
£118.5K	10/22	0.11 mi	58, Panama Circle, Derby, City Of Derby DE24 1AE	£1,823	65	2	Flat
£105K	06/21	0.11 mi	69, Panama Circle, Derby, City Of Derby DE24 1AE	£1,633	64	2	Flat
£108K	06/21	0.11 mi	54, Panama Circle, Derby, City Of Derby DE24 1AE	£1,964	55	2	Flat
£100K	05/21	0.11 mi	66, Panama Circle, Derby, City Of Derby DE24 1AE	£1,694	59	2	Flat
£113.5K	03/23	0.11 mi	47, Panama Circle, Derby, City Of Derby DE24 1AE	£1,802	63	2	Flat
£130K	11/22	0.12 mi	68, Panama Circle, Derby, City Of Derby DE24 1AE	£2,127	61	2	Flat
£117K	01/23	0.12 mi	78, Panama Circle, Derby, City Of Derby DE24 1AE	£1,914	61	2	Flat
£110K	10/23	0.12 mi	71, Panama Circle, Derby DE24 1AE	£1,964	56	2	Flat
£117K	02/25	0.12 mi	73, Panama Circle, Derby DE24 1AE	£1,950	60	2	Flat
£117K	02/25	0.12 mi	73, Panama Circle, Derby DE24 1AE	-	-	2	Flat
£110K	12/23	0.12 mi	14, Ocean Court, Derby DE24 1AN	£1,864	59	2	Flat
£97K	03/22	0.12 mi	10, Ocean Court, Derby, City Of Derby DE24 1AN	£1,767	55	2	Flat
£110K	11/22	0.15 mi	80, Panama Circle, Derby, City Of Derby DE24 1AE	£1,774	62	2	Flat
£89K	06/24	0.78 mi	20, Ashwood Close, Derby DE24 8XW	£1,634	54	2	Flat
£89K	06/24	0.78 mi	20, Ashwood Close, Derby DE24 8XW	-	-	2	Flat
£85K	04/24	0.86 mi	39 Grange Court, 9, Grange Street, Derby DE23 8BH	£1,771	48	2	Flat
£85K	04/24	0.86 mi	9, 39 Grange Court, Grange Street, Derby DE23 8BH	-	-	2	Flat
£87.5K	08/24	0.86 mi	39 Grange Court, 6, Grange Street, Derby DE23 8BH	£1,823	48	2	Flat
£87.5K	08/24	0.86 mi	6, 39 Grange Court, Grange Street, Derby DE23 8BH	-	-	2	Flat
£92K	11/21	0.91 mi	19, Bloomfield Close, Derby, City Of Derby DE1 2FY	-	-	2	Flat
£96.5K	09/23	0.92 mi	83, Baseball Drive, Derby DE23 8NE	£1,930	50	2	Flat
£105K	06/24	0.99 mi	74, Waterford Drive, Derby DE21 6TL	£1,419	74	2	Flat

Local Rents

50 rents from £443/mo to £1.4K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£585	07/25	0 mi	Coral Close, Derby, DE24 1AP	2	Flat
£590	08/25	0 mi	CORAL CLOSE, DERBY	2	Flat
£900	11/25	0 mi	Coral Close, Derby, DE24 1AP	2	House
£1,399	12/24	0 mi	-	2	Flat
£1,399	01/25	0 mi	-	2	Flat
£1,450	07/25	0 mi	-	2	Flat
£900	11/25	0 mi	-	2	Flat
£850	11/25	0.04 mi	Java Court, Derby, DE24 1AJ	2	Flat
£950	11/25	0.05 mi	-	2	Flat
£825	11/25	0.05 mi	Atlantic Way, Derby	2	Flat
£775	07/25	0.05 mi	Harrow Street, Wilmorton, Derby	2	Room
£825	12/24	0.06 mi	Pacific Way, Derby, Derbyshire, DE24 1AA	2	Flat
£443	08/25	0.06 mi	Atlantic Way, City Point, Derby, DERBY, DE241AB	2	Flat
£725	07/25	0.07 mi	2 Bedroom Apartment, Pacific Way, Pride Park	2	Flat
£800	11/25	0.07 mi	Pacific Way, Wilmorton	2	Flat
£900	10/23	0.08 mi	Magellan Way, Derby	2	Flat
£1,395	09/25	0.08 mi	-	2	Semi-Detached House
£895	12/24	0.08 mi	Panama Circle, Derby	2	Flat
£1,195	10/25	0.08 mi	-	2	Semi-Detached House
£795	12/24	0.08 mi	Atlantic Way, Pride Park	2	Flat
£775	12/24	0.08 mi	Atlantic Way	2	Flat
£825	12/24	0.08 mi	Atlantic Way, DERBY	2	Flat
£750	05/25	0.08 mi	Atlantic Way, Derby, DE24	2	Flat
£750	07/25	0.08 mi	Atlantic Way, Derby, DE24	2	Flat
£850	09/25	0.08 mi	Atlantic Way, DERBY	2	Flat
£950	11/25	0.08 mi	Atlantic Way, DERBY	2	Flat
£825	10/25	0.08 mi	Atlantic Way, DERBY	2	Flat
£600	11/25	0.08 mi	Atlantic Way, Derby, DE24	2	Flat
£750	12/24	0.08 mi	Atlantic Way, Derby, DE24	2	Flat
£650	08/25	0.09 mi	Pride Park, Derby, DE24	2	Flat
£650	08/25	0.09 mi	Pride Park, Derby, DE24	2	Flat
£800	12/24	0.1 mi	Cape Court, Derby	2	Flat
£895	11/25	0.1 mi	Atlantic Way, Derby, Derbyshire, DE24	2	Flat
£800	08/25	0.1 mi	Cape Court, Derby	2	Flat
£875	10/25	0.1 mi	Cape Court, Derby	2	Flat
£850	10/25	0.1 mi	Cape Court, Derby	2	Flat
£875	07/25	0.1 mi	Cape Court, Derby	2	Flat
£850	10/25	0.1 mi	Cape Court, Derby	2	Flat
£850	12/24	0.11 mi	Magellan Way, DERBY	2	Flat
£820	08/25	0.11 mi	Magellan Way, Wilmorton, Derby, DE24	2	Flat
£800	11/25	0.11 mi	Magellan Way, DERBY	2	Flat
£550	08/25	0.11 mi	Magellan Way, Derby, Derbyshire, DE24	2	Flat
£825	04/24	0.11 mi	-	2	Terraced House
£825	12/24	0.11 mi	Pacific Way, Derby, DE24	2	Terraced House
£795	12/24	0.11 mi	Panama Circle, City Point, Derby	2	Flat
£750	08/25	0.11 mi	Magellan Way, Derby	2	Flat
£850	10/25	0.11 mi	Panama Circle, Derby, DE24 1AE	2	House
£850	08/25	0.11 mi	Panama Circle, Alvaston, DE24	2	Flat
£850	09/25	0.11 mi	Panama Circle, DERBY	2	Flat
£850	10/25	0.11 mi	Panama Circle, Wilmorton, Derby, DE24	2	Flat

Local Area Statistics

Population in DE24	54,39654,396
Population in Derby	308,324308,324
Town centre distance	1.23 miles away1.23 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.89 miles away0.89 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+40%+40%

Property History

Price changed to £120,000

October 6, 2025

Listed for £113,000

February 25, 2025

Sold for £112,005

2007

Floor Plans

Description

Ground Floor +
Gas Central Heated +
Allocated Parking +
Secure Intercom System +
Walking Distance To Derby Train Station +
No Chain +

IDEAL FIRST TIME BUY OR INVESTMENT OPPURTUNITY A two bedroom, ground floor apartment on the popular City Point Development. Located within walking distance of Pride Park and Derby Train Station. The entrance hall provides access to all accommodation which boasts two bedrooms, both share the use of the main bathroom having a white four piece suite,
large open plan lounge/diner/kitchen. Externally there is an allocated parking space and communal gardens.

Viewings are highly recommended to appreciate the accommodation on offer NO CHAIN

Agent Details

Leaders Sales, Derby

020 3909 9670

Next Steps?

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

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