2 Bed Flat, Single Let, Derby, DE1 2RU, £130,000

Amber House, DERBY, Derbyshire, DE1 2RU - 1 views - 2 months ago

Leasehold
Auction
BTL
ROI: 8%
~74 m²
+10 photos

ValuationFair Value

Sold Prices£38K - £155K
Sold Prices/m²£679/m² - £3.1K/m²

 

 

Square Metres

~73.90 m²
Price/m²£1.8K/m²

Value Estimate

£129,948

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£775 - £1,200

Rent Estimate

£878

Running Costs/mo

£602

Cashflow/mo

£276

Cashflow/yr

£3,314

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £38K to £155K, average is £110K. £679/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£155K03/230.07 miFlat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT2
£92K11/210.31 mi19, Bloomfield Close, Derby, City Of Derby DE1 2FY2
£110K05/220.66 miFlat 18, Derwent House, Huntingdon Green, Derby, City Of Derby DE21 6AB2
£90K07/220.67 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£130K08/210.72 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£78.5K08/210.76 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.76 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£127.5K11/200.87 mi22, City Walk, Derby, City Of Derby DE1 3QD2
£116K05/210.87 mi27, City Walk, Derby, City Of Derby DE1 3QD2
£140K03/230.89 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£124K03/210.91 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£90K01/230.95 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£114K01/230.96 miApartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA2
£97K07/210.97 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/220.97 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/230.97 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£103K01/210.97 mi16, Coral Close, Derby, City Of Derby DE24 1AP2
£108K11/201 mi28, Pacific Way, Derby, City Of Derby DE24 1AA2
£107.5K11/201 mi22, Pacific Way, Derby, City Of Derby DE24 1AA2
£61.5K03/211.01 miFlat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT2
£48K09/211.02 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£85K06/211.02 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£112K06/221.04 mi17, Atlantic Way, Derby, City Of Derby DE24 1AB2
£110K02/231.05 mi22, Atlantic Way, Derby, City Of Derby DE24 1AB2
£106K04/211.05 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£122.5K05/231.05 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£111K12/211.05 mi25, Atlantic Way, Derby, City Of Derby DE24 1AB2
£117.5K02/231.05 mi33, Atlantic Way, Derby, City Of Derby DE24 1AB2
£112K10/221.06 mi35, Atlantic Way, Derby, City Of Derby DE24 1AB2
£90K09/211.07 mi40, Magellan Way, Derby, City Of Derby DE24 1AD2
£114K08/221.07 mi42, Magellan Way, Derby, City Of Derby DE24 1AD2
£118.5K10/221.07 mi58, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/211.07 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/211.07 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/211.07 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£89.7K03/211.07 mi64, Panama Circle, Derby, City Of Derby DE24 1AE2
£113.5K03/231.07 mi47, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/211.07 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K10/221.07 mi49, Panama Circle, Derby, City Of Derby DE24 1AE2
£130K11/221.07 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£136K06/211.07 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£117K01/231.07 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£42.5K09/221.08 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/221.08 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£38K04/231.08 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£125K12/201.08 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£143K12/221.08 mi100, Bridge Street, Derby, City Of Derby DE1 3LF2
£97K03/221.09 mi10, Ocean Court, Derby, City Of Derby DE24 1AN2
£127.5K07/211.1 miApartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE2
£110K11/221.12 mi80, Panama Circle, Derby, City Of Derby DE24 1AE2

Local Rents

50 rents from £775/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,00003/240 miWyvern House, Railway Terrace, Derby2
£95003/240 miWyvern House, Railway Terrace, Derby2
£1,00003/240 miWyvern House, Railway Terrace, Derby2
£95003/240 miWyvern House, Railway Terrace, Derby2
£95003/240 miWyvern House, Railway Terrace2
£95003/240 miRailway Terrace, DERBY2
£95004/240 miRailway Terrace, DERBY2
£95003/240 miRailway Terrace, DERBY2
£95003/240 miRailway Terrace, DERBY2
£95003/240 miRailway Terrace, DERBY2
£95003/240 miRailway Terrace, DERBY2
£95003/240 miRailway Terrace, DERBY2
£95003/240 miRailway Terrace, DERBY2
£95003/240 miWyvern House, Railway Terrace, Derby2
£90004/240 miRailway Terrace, DERBY2
£95004/240 miRailway Terrace, DERBY2
£90003/240 miWyvern House, Railway Terrace, Derby2
£95004/240 miWyvern House, Railway Terrace, Derby2
£87504/240.01 miSheffield Place, Derby2
£1,20003/240.02 miApartment 15, Wyvern House, Railway Terrace, Derby2
£1,20003/240.02 miApartment 14, Wyvern House, Railway Terrace, Derby2
£1,20003/240.02 miApartment 13, Wyvern House, Railway Terrace, Derby2
£79503/240.03 miCalvert Street, Derby, Derbyshire2
£82503/240.05 miMidland Place, Derby2
£85011/240.05 mi-2
£77504/240.06 miWellington Crescent, Derby2
£79503/240.06 miWellington Crescent, Derby, Derbyshire, DE12
£87011/240.07 mi-2
£1,00004/240.07 miNightingale Mews, Derby DE1 2RT2
£90003/240.1 miBemrose Court, Derby, DE1 2NE2
£97503/240.1 miBemrose Court, Derby, Derbyshire, DE1 2NE2
£92503/240.11 miSuede House, 33 Castleward Boulevard2
£89504/240.11 miSuede House, 33 Castleward Boulevard2
£95006/240.12 mi-2
£1,00003/240.12 mi45 John Street, Derby2
£95003/240.12 miSuede House, 33 Castleward Boulevard, Derby, DE12
£95003/240.12 miSuede House, Castleward Boulevard, Derby, Derbyshire, DE12
£99505/240.12 miSuede House, 45 Castleward Boulevard, Derby, De12
£99505/240.12 miCastleward Boulevard, Derby, DE12
£1,02503/240.13 miJohn Street, DERBY2
£90003/240.13 miJohn Street, DERBY2
£1,15002/250.13 mi-2
£1,19502/250.13 mi-2
£99503/240.13 miSuede House, 45 John Street, Derby, DE12
£92505/240.13 miJohn Street, Derby2
£95012/240.14 miSuede House, 33 Castelward Boulevard, Derby, DE12
£99504/240.14 miSuede House, 45 John Street, Derby, DE12
£89503/240.15 miStrutt House, Erasmus Drive, Derby, DE12
£95003/240.15 miStrutt House, Erasmus Drive, Derby, DE12
£99502/240.16 mi-2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £130,000

April 5, 2025

Listed for £140,000

February 27, 2025

Floor Plans

Description

  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +
  • Two bedroom Apartment +
  • Popular location +
  • Ideal First Time Buy Or Investment +
  • Must Be Viewed +

This charming and spacious two-bedroom apartment is located on the first floor, just a stone's throw from Derby Train Station. Offering the convenience of being sold with no upward chain, this property is perfect for those seeking a hassle-free move. The apartment benefits from gas central heating, sash windows with secondary glazing, and a Tado smart heating system, designed to help reduce gas bills by optimizing energy use.

Inside, you'll find a well-appointed hallway, a bright lounge, and a separate kitchen with integrated appliances. The master bedroom comes with its own en-suite bathroom, while the second double bedroom offers ample space. The modern bathroom features a three-piece suite in white, ensuring comfort and style.
The building is equipped with a lift, and the residents' car park has secure, remote-controlled access with one allocated parking space.
Ideally situated in a city centre location, the apartment provides easy access to Derby Train Station, is within walking distance of the city centre, and has excellent links to major road networks.

Viewing is highly recommended for those seeking a spacious and well-located apartment with added energy-saving benefits.

Welcomes furry cat friends !

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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