4 Bed Semi-Detached House, Cash/Bridging Only, Derby, DE22 4PL, £280,000

Richmond Park Road, Mackworth, DE22 4PL - 19 days ago

Cash
ROI: 1%
~129 m²
+12 photos

ValuationFair Value

Sold Prices£109K - £675K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£282,800

 

 

End Value (After Refurb)

£277,012

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£52,259

Bridging Loan Interest

£7,350

Total Cash In

£142,459

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£277,012

Mortgage (After Refinance)

£207,759

Mortgage LTV

75%

Cash Left In

£142,459

Equity

£69,253

Rent Range

£770 - £2,800

Rent Estimate

£1,297

Running Costs/mo

£1,145

Cashflow/mo

£152

Cashflow/yr

£1,823

ROI

1%

Gross Yield

6%

Local Sold Prices

42 sold prices from £109K to £675K, average is £316.5K. £1.2K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£355K05/230.4 mi60, Brackensdale Avenue, Derby, City Of Derby DE22 4AE4
£165K02/210.42 mi38, Finchley Avenue, Derby, City Of Derby DE22 4ET4
£265K10/200.43 mi37, Earlswood Drive, Mickleover, Derby, City Of Derby DE3 9LN4
£243K04/210.46 mi49, Muswell Road, Derby, City Of Derby DE22 4HL4
£109K06/210.46 mi82, Walthamstow Drive, Derby, City Of Derby DE22 4BR4
£195K10/210.48 mi29, Wimbledon Road, Derby, City Of Derby DE22 4ED4
£325K02/210.51 mi12, Epping Close, Derby, City Of Derby DE22 4HR4
£315K02/230.64 mi28, Gisborne Close, Mickleover, Derby, City Of Derby DE3 9LU4
£300K03/230.65 mi22, Somerset Close, Derby, City Of Derby DE22 3XP4
£390K02/230.66 mi3, Roehampton Drive, Derby, City Of Derby DE22 4EE4
£272.5K03/210.7 mi7, Magdalene Drive, Mickleover, Derby, City Of Derby DE3 9DH4
£238K03/210.72 mi94, Enfield Road, Derby, City Of Derby DE22 4DH4
£355K11/200.73 mi1, Dove Close, Mickleover, Derby, City Of Derby DE3 9XE4
£242K07/210.75 mi23, Darwin Road, Mickleover, Derby, City Of Derby DE3 9HU4
£350K11/200.76 mi14, Greenwich Drive North, Derby, City Of Derby DE22 4AB4
£320K11/220.77 mi4, Heron Way, Mickleover, Derby, City Of Derby DE3 9XA4
£285K09/210.79 mi1, Mews Court, Mickleover, Derby, City Of Derby DE3 9DB4
£390K06/230.79 mi3, Rough Heanor Road, Mickleover, Derby, City Of Derby DE3 9AZ4
£258K03/210.82 mi72, Enfield Road, Derby, City Of Derby DE22 4DF4
£400K02/210.82 mi15, Whistlestop Close, Mickleover, Derby, City Of Derby DE3 9DA4
£372.5K12/200.83 mi7, Thornhill Road, Derby, City Of Derby DE22 3LX4
£312.5K02/210.83 mi13, Mickleross Close, Mickleover, Derby, City Of Derby DE3 9JF4
£675K03/210.85 mi254b, Station Road, Mickleover, Derby, City Of Derby DE3 9FG4
£435K03/210.86 mi172, Western Road, Mickleover, Derby, City Of Derby DE3 9GT4
£285K08/210.88 mi7, Albany Road, Derby, City Of Derby DE22 3LW4
£422.5K03/230.88 mi74, Chestnut Avenue, Mickleover, Derby, City Of Derby DE3 9FS4
£443K10/210.88 mi1a, East Avenue, Mickleover, Derby, City Of Derby DE3 9FR4
£450K10/210.88 mi1, East Avenue, Mickleover, Derby, City Of Derby DE3 9FR4
£400K05/210.88 mi263, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AF4
£320K04/230.89 mi15, Fairbourne Drive, Mickleover, Derby, City Of Derby DE3 0SA4
£283K03/210.89 mi12, Yoxall Drive, Derby, City Of Derby DE22 3SF4
£174K03/230.9 mi25, Hawke Street, Derby, City Of Derby DE22 3DQ4
£433.6K04/230.92 mi2, Thorpe Drive, Mickleover, Derby, City Of Derby DE3 9GA4
£318K10/210.93 mi130, Western Road, Mickleover, Derby, City Of Derby DE3 9GS4
£349.9K03/210.96 mi180, Station Road, Mickleover, Derby, City Of Derby DE3 9FJ4
£384K01/230.97 mi23, Chain Lane, Mickleover, Derby, City Of Derby DE3 9AJ4
£380K05/210.98 mi122, Western Road, Mickleover, Derby, City Of Derby DE3 9GR4
£187.5K10/210.98 mi17, Cobden Street, Derby, City Of Derby DE22 3GX4
£270K01/210.98 mi39, Cobden Street, Derby, City Of Derby DE22 3GX4
£220K05/210.99 mi24, Trowels Lane, Derby, City Of Derby DE22 3LS4
£265K10/201 mi7, Tiverton Close, Mickleover, Derby, City Of Derby DE3 0SE4
£315K10/201 mi16, Poppyfields Drive, Mickleover, Derby, City Of Derby DE3 9GB4

Local Rents

14 rents from £770/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.03 miRichmond Park Road, DE224
£1,35002/240.04 mi-4
£1,35002/240.04 mi-4
£1,40004/240.13 mi-3
£1,40012/240.13 miNewham Close, Derby, DE223
£1,05003/250.14 mi-3
£2,80002/250.27 mi-3
£77012/240.28 mi-3
£1,20003/250.3 mi-3
£97512/240.33 miCamberwell Avenue, Derby3
£95002/250.43 miMayfair Crescent, DERBY3
£90012/240.48 miDulwich Road, Mackworth, Derby, DE223
£1,20003/250.61 miGirton Way, Mickleover3
£1,17503/240.61 miVictoria Close, Mickleover, DE3 9JQ3

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

2.18 miles away

Nearest school

0.30 miles away

Nearest train station

2.60 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £280,000

February 26, 2025

Floor Plans

Description

  • Modern three storey semi detached +
  • 4 well proportioned bedrooms +
  • Large second floor master with en suite +
  • Kitchen/dining room +
  • Lounge with French doors to garden +
  • Double width drive +
  • Highly convenient modern development +
  • EPC rating B. Council tax band B +
  • VIRTUAL 360 TOUR AVAILABLE +

Step inside the front entrance hall with stairs to the first floor and doors off to all ground floor rooms including the ground floor WC which is fitted with a pedestal wash basin and a low flush WC with bidet hose, window to the front.

The spacious dining kitchen is perfect for a family, fitted with a range of wall and base units with work surfaces over, stainless steel sink unit with mixer tap and window above, extended tiled splashbacks, built-in electric oven with electric hob, brushed aluminium splashback and extractor hood over plus an integrated dishwasher. The tiled floor runs through to a generous dining area.

The lounge sits overlooking the rear garden and spans the full width of the property with French doors opening out onto the rear patio.

On the first floor doors lead off the central landing to two excellent double bedrooms, a nicely proportioned single bedroom as well as the main family bathroom which is fully tiled and fitted with a low flush WC with bidet hose, wash hand basin, bath with shower over, extractor fan, heated towel rail and window to the front.

A second set of stairs lead off the main landing to the second floor landing with loft access and door to bedroom one.

The master bedroom is a really luxurious size having fitted wardrobes and a large dormer window to the front. The en suite has a Velux window and is fitted with a corner shower, low flush WC with bidet hose, pedestal wash basin and a chrome heated towel rail

Outside there are two side by side parking spaces in front of the property. Gated access to the side leads into the fully enclosed rear garden being mainly laid to lawn with ornamental borders, a paved patio area adjacent to the house and a second decked seating area at the end of the garden and next to a large timber summerhouse (available by separate negotiation).

Note: There are covenants appertaining to this property, a copy of the Land Registry Title is available to view upon request.
Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: Standard
Parking: Drive
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains
Heating: Mains gas
(Purchasers are advised to satisfy themselves as to their suitability)
Broadband type: Fibre
See Ofcom link for speed:
Mobile signal/coverage: See Ofcom link
Local Authority/Tax Band: Derby City Council / Tax Band B
Useful Websites:
Our Ref: JGA/24022025

The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain. If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property. Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.

We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof / source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property. We use the Checkboard app to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history. With effect from 1st March 2025 a non-refundable compliance fee of £30.00 inc. VAT per buyer / donor will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.

Agent Details

John German, Derby

01332 215682

Next Steps?

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