2 Bed Flat, Single Let, Derby, DE23 6AY, £150,000

Burton Road, Derby, DE23 6AY - 1 views - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£38K - £170.5K
Sold Prices/m²£679/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£116,113

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£750 - £2,450

Rent Estimate

£771

Running Costs/mo

£643

Cashflow/mo

£128

Cashflow/yr

£1,537

ROI

3%

Gross Yield

6%

Local Sold Prices

32 sold prices from £38K to £170.5K, average is £104.5K. £679/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£125K12/200.21 mi98b, St Chads Road, Derby, City Of Derby DE23 6RP2
£122.5K08/210.35 mi23, St Clares Close, Derby, Derbyshire DE22 3JG2
£170.5K09/220.37 mi19, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K04/210.37 mi10, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£170K09/220.37 mi12, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£162.5K07/220.37 mi7, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£169K05/210.37 mi4, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£150K07/210.37 mi25, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£140.5K05/210.37 mi15, Priory Heights Court, Derby, City Of Derby DE23 6AX2
£90K01/230.37 mi124, Northumberland Street, Derby, City Of Derby DE23 6UA2
£100K11/210.38 mi16, Garden Lodge Close, Derby, City Of Derby DE23 6DD2
£124K03/210.4 mi53, Farm Street, Derby, City Of Derby DE22 3UJ2
£95K10/210.41 mi11, St Swithins Close, Derby, City Of Derby DE22 3LG2
£110K03/230.41 mi21, St Swithins Close, Derby, City Of Derby DE22 3LG2
£136K06/210.47 mi103, Parliament Street, Derby, City Of Derby DE22 3RL2
£130K08/210.51 mi4, Salisbury Street, Derby, City Of Derby DE23 6SL2
£95K03/210.51 mi8, Namur Close, Derby, City Of Derby DE22 3JS2
£80K02/230.54 mi1, St Quentin Close, Derby, City Of Derby DE22 3JT2
£78.5K08/210.58 mi94, Gerard Street, Derby, City Of Derby DE1 1PH2
£87.5K11/200.58 mi114, Gerard Street, Derby, City Of Derby DE1 1PH2
£90K07/220.69 miFlat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS2
£109K10/220.7 miFlat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£94K08/210.7 miFlat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR2
£38K04/230.73 miFlat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£85K06/210.74 miFlat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£42.5K09/220.74 miFlat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£111K07/220.74 miFlat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW2
£48K09/210.74 miFlat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ2
£140K03/230.85 miFirst Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF2
£92.5K08/210.87 mi3, Jackdaw Close, Derby, City Of Derby DE22 3SY2
£86K08/220.9 miFlat 15, Holmfield, Stenson Road, Derby, City Of Derby DE23 1QW2
£70K11/200.9 miFlat 1, Holmfield, Stenson Road, Derby, Derbyshire DE23 1QW2

Local Rents

50 rents from £750/mo to £2.5K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£89512/240.02 mi-2
£1,15011/240.12 mi-2
£77503/240.13 mi100 Whitaker Road, Derby, DE232
£75001/240.18 mi-2
£80001/250.18 mi-2
£1,25012/240.2 mi-2
£1,25012/240.2 mi-2
£76001/250.21 mi-2
£90012/240.22 mi-2
£77512/240.26 mi-2
£95001/240.27 mi-2
£79512/240.28 mi-2
£2,45001/250.3 mi-2
£85002/250.31 mi-2
£80012/240.32 mi-2
£80002/240.32 mi-2
£80012/240.32 miVale Mills, Derby, DE222
£80012/240.32 mi-2
£82512/240.33 mi-2
£77503/240.33 mi-2
£77512/240.33 mi-2
£85011/240.34 mi-2
£89512/240.34 mi-2
£79511/240.34 mi-2
£1,08312/240.34 miDean Street, Derby, 2
£90002/240.34 mi-2
£90012/240.34 mi-2
£90012/240.34 mi-2
£90001/250.34 mi-2
£90002/250.34 mi-2
£90003/250.34 mi-2
£75012/240.35 miRiddings Street, Derby, DE222
£85002/240.35 mi-2
£75012/240.36 mi-2
£95005/240.37 mi-2
£95012/240.37 mi-2
£95001/250.37 mi-2
£95001/250.37 mi-2
£77512/240.37 miStockbrook Road, Derby2
£89503/240.37 miPriory Heights Court, Derby, Derbyshire, DE23 6AX2
£85001/250.37 mi-2
£85003/240.38 miAlmond Street2
£1,00003/240.39 miFox House, Erasmus Drive2
£1,05003/240.39 miErasmus Drive, Derby2
£1,10003/240.39 miFox House, 2 Erasmus Drive, DE1 2ES2
£1,02503/240.39 miFox house, Erasmus Drive, Derby DE1 2EL2
£1,05004/240.39 miErasmus Drive, Derby2
£95004/240.39 miErasmus Drive, Derby2
£1,00004/240.39 miErasmus Drive, Derby2
£95005/240.39 miFox House, 2 Erasmus Drive DE1 2EL2

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £150,000

February 28, 2025

Floor Plans

Description

TWO DOUBLE BEDROOMS EN SUITE & BATHROOM First floor apartment in a convenient location close Royal Derby hospital and the city centre. Secure communal entrance with stairs to the first floor. Private entrance hall, open plan lounge diner with Julitte balcony, fitted kitchen, large master bedroom with en suite and a double second bedroom, bathroom. Communal garden and gated access to parking space.

Communal Hall - Secure entrance door and intercom in the communal hall with stairs to the first floor.

Hall - Entrance door into the hall, two storage cupboards.

Lounge Diner - Two radiators, upvc double glazed double doors onto a Juliette balcony.

Kitchen - Fitted units with work surfaces and a sink and drainer unit. Fitted oven and hob, integrated dishwasher, plumbing and space for a washing machine. Upvc double glazed window.

Bedroom 1 - Upvc double glazed window, fitted wardrobes and radiator.

En Suite - Panel enclosed bath, shower cubicle, low flush wc, wash hand basin, ladder style radiator.

Bedroom 2 - Upvc double glazed window and radiator.

Bathroom - Panel enclosed bath with shower, low flush wc, wash hand basin, ladder style radiator.

Outside - Communal gardens, coded gates to parking space and visitor spaces.

Agent Details

Abode, Staffordshire & Derbyshire

03330 431558

Next Steps?

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