2 Bed Terraced House, Single Let, Derby, DE21 6AP, £82,500

Nottingham Road, Chaddesden, DE21 6AP - 2 months ago

Auction
BTL
ROI: 15%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£75K - £265K
Sold Prices/m²£675/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£100,650
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,625

Stamp Duty & Legal Fees

£5,325

Total Cash In

£25,950

 

 

Cash Out

 

Rent Range

£665 - £895

Rent Estimate

£763

Running Costs/mo

£430

Cashflow/mo

£333

Cashflow/yr

£3,991

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £75K to £265K, average is £138.5K. £675/m² to £3.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£95.5K06/210.01 mi223, Nottingham Road, Derby, City Of Derby DE21 6AP2
£100K11/210.01 mi241, Nottingham Road, Derby, City Of Derby DE21 6AP2
£100K11/210.01 mi251, Nottingham Road, Derby, City Of Derby DE21 6AP2
£111K08/230.08 mi26, Cornwall Road, Derby, City Of Derby DE21 6DJ2
£85K11/210.1 mi10, Clinton Street, Derby, City Of Derby DE21 6DH2
£107K02/230.11 mi287, Nottingham Road, Derby, City Of Derby DE21 6FP2
£110K04/210.11 mi177, Nottingham Road, Derby, City Of Derby DE21 6AN2
£105.5K10/210.12 mi6, Francis Street, Derby, City Of Derby DE21 6DB2
£108.5K07/210.12 mi29, Francis Street, Derby, City Of Derby DE21 6DD2
£75K07/210.14 mi22, Walpole Street, Derby, City Of Derby DE21 6DP2
£171K02/230.18 mi46, Lindsey Close, Derby, City Of Derby DE21 6DG2
£152.5K12/220.27 mi56, Cumberland Avenue, Derby, City Of Derby DE21 6FL2
£118K04/210.29 mi5a, Hillcrest Road, Derby, City Of Derby DE21 6FJ2
£161.5K09/210.35 mi37, Shropshire Avenue, Derby, City Of Derby DE21 6EW2
£167.5K03/210.37 mi48, Shropshire Avenue, Derby, City Of Derby DE21 6EU2
£105K10/220.38 mi54, Somerset Street, Derby, City Of Derby DE21 6DY2
£105K03/210.38 mi182, Wiltshire Road, Derby, City Of Derby DE21 6EZ2
£177K04/230.39 mi2a, Roe Farm Lane, Derby, City Of Derby DE21 6ET2
£159.9K12/200.41 mi68, Suffolk Avenue, Derby, City Of Derby DE21 6ER2
£160K02/230.41 mi44, Suffolk Avenue, Derby, City Of Derby DE21 6ER2
£139.9K02/210.45 mi43, Mayfield Road, Chaddesden, Derby, City Of Derby DE21 6FX2
£195K01/210.45 mi5, Mayfield Road, Chaddesden, Derby, City Of Derby DE21 6FX2
£130K03/230.47 mi170, Cowsley Road, Derby, City Of Derby DE21 6EG2
£154K11/210.49 mi15, Hanbury Road, Chaddesden, Derby, City Of Derby DE21 6FT2
£185K05/230.49 mi15, Hanbury Road, Chaddesden, Derby, City Of Derby DE21 6FT2
£112.5K06/210.51 mi3, Norwich Street, Derby, City Of Derby DE21 6GN2
£128.3K11/210.51 mi24, Norwich Street, Derby, City Of Derby DE21 6GN2
£135K02/210.52 mi29, Oakleigh Avenue, Chaddesden, Derby, City Of Derby DE21 6GZ2
£137K03/210.52 mi23, Oakleigh Avenue, Chaddesden, Derby, City Of Derby DE21 6GZ2
£180K08/230.53 mi57, Northwood Avenue, Chaddesden, Derby, City Of Derby DE21 6JH2
£147K06/210.53 mi69, Northwood Avenue, Chaddesden, Derby, City Of Derby DE21 6JH2
£265K02/210.56 mi11, Highfield Lane, Chaddesden, Derby, City Of Derby DE21 6PG2
£135K12/220.57 mi12, Pembroke Street, Derby, City Of Derby DE21 6ED2
£175K02/230.57 mi14, Atlow Road, Chaddesden, Derby, City Of Derby DE21 6JG2
£91K12/200.59 mi75, Radnor Street, Derby, City Of Derby DE21 6EB2
£166.1K09/210.6 mi25, Madison Avenue, Chaddesden, Derby, City Of Derby DE21 6HZ2
£175K07/230.6 mi55, Madison Avenue, Chaddesden, Derby, City Of Derby DE21 6JA2
£180K05/230.63 mi3, Rushcliffe Avenue, Chaddesden, Derby, City Of Derby DE21 6NW2
£169.9K09/210.64 mi46, Reginald Road South, Chaddesden, Derby, City Of Derby DE21 6NF2
£150K03/210.64 mi4, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QB2
£127.5K12/200.66 mi7, Aylesbury Avenue, Chaddesden, Derby, City Of Derby DE21 6JB2
£135K10/210.67 mi33, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QD2
£132K04/210.67 mi43, The Crescent, Chaddesden, Derby, City Of Derby DE21 6QD2
£160K07/210.68 mi89, Chaddesden Park Road, Derby, City Of Derby DE21 6HL2
£180K04/230.71 mi18, York Road, Chaddesden, Derby, City Of Derby DE21 6HS2
£115K06/210.71 mi2, Meadow Lane, Chaddesden, Derby, City Of Derby DE21 6PW2
£125K12/200.71 mi16, Meadow Lane, Chaddesden, Derby, City Of Derby DE21 6PW2
£140K07/210.72 mi2, St Pancras Way, Derby, Derbyshire DE1 3TH2
£140K06/210.72 mi6, Euston Drive, Derby, City Of Derby DE1 3TL2
£165K01/230.72 mi6, Euston Drive, Derby, City Of Derby DE1 3TL2

Local Rents

11 rents from £665/mo to £895/mo, average is £820/mo.

RentDateDistanceAddressBeds 
£89512/240.03 mi-2
£75012/240.12 miFrancis Street, DERBY2
£66512/240.17 miSt. Marks Road, Chaddesden2
£80002/240.43 mi-2
£84001/240.49 mi-2
£83004/250.49 mi-2
£82512/240.52 mi23 Oakleigh Avenue, Chaddesden, Derby, DE21 6GZ2
£82002/240.52 mi-2
£82012/240.52 miOaktree Apartments, Derby, DE212
£82012/240.52 miOaktree Apartments, Derby, DE212
£85012/240.53 miNorthwood Avenue, Chaddesden2

Local Area Statistics

Population in DE21

57,023

Population in Derby

308,324

Town centre distance

1.10 miles away

Nearest school

0.40 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

0%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £82,500

February 28, 2025

Description

  • ** FOR SALE BY NATIONAL SDL AUCTIONS THURSDAY 27TH MARCH 2025 AT 9 AM ** Council Tax Band: A +
  • Two Double-Bedroom, Mid-Terraced Property With Vacant Possession +
  • Some Improvement & Upgrading Required +
  • UPVC Double Glazed & Gas Centrally Heated +
  • Larger Than Average First Floor Accommodation With Passaged Landing +
  • Fitted Kitchen & Spacious Bathroom With Three Piece Suite In White +
  • Potential To Convert Loft & Extend Subject To Usual Planning Consents +
  • Strong Letting Location Close To Pride Park, City Centre & A52 +
  • EPC Rating: Awaited +

FOR SALE BY NATIONAL SDL AUCTIONS THURSDAY 27TH MARCH 2025 AT 9 AM Guide Price £82,500 + plus fees Unconditional. An excellent freehold investment opportunity to acquire a two double-bedroom, mid-terraced property, offered for sale with immediate vacant possession.

Constructed of traditional brick set beneath a pitched tiled roof, the uPVC double glazed and gas centrally heated accommodation in brief comprises of two reception rooms and open plan through a fitted kitchen. Part of the first floor accommodation is arranged over the shared passage way providing larger than average living space with passaged landing, two genuine double bedrooms and a spacious bathroom with three piece suite in white.

We are informed by the seller the ground floor accommodation to the property previously had retail usage in the past.

Outside to the side there is a shared passage way which leads to a yard with outbuilding housing a wc and combination boiler. Further to the rear there is a generous sized garden with boundary hedge. In our opinion there is scope for an extension and loft conversion, subject to obtaining the necessary planning consents.

The property is situated within a strong letting location, conveniently positioned for Derby city centre, Pride Park and the A52.

Agent Details

Hannells Estate Agents, Chaddesden

01332 215192

Next Steps?

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