3 Bed Flat, Single Let, Derby, DE22 3GB £59,000

Apartment 10, Burgess Mill, 20 Manchester Street, Derby, Derbyshire, DE22 3GB - 8 views - 9 months ago
Leasehold
Auction
BTL
ROI: 8%
~93 m²
Property image
Property image

ValuationUndervalued

Sold Prices£91.5K - £520K
Sold Prices/m²£1.3K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£634/m²

Value Estimate

£66,550
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£18,700

 

 

Cash Out

 

Rent Range

£329 - £1,820

Rent Estimate

£379

Running Costs/mo

£280

Cashflow/mo

£99

Cashflow/yr

£1,186

ROI

6%

Gross Yield

8%

Local Sold Prices

15 sold prices from £91.5K to £520K, average is £125K. £1.3K/m² to £5.4K/m², average is £1.8K/m².

Price
Date
Distance
Address
Beds
 
£123K04/230.28 mi68, Cobden Street, Derby, City Of Derby DE22 3GZ3
£170K07/240.69 miFive Lamps House, Apartment 7, Belper Road, Derby DE1 3BP3
£122K01/250.7 miHawthorn House, Apartment 3, North Street, Derby DE1 3AZ3
£520K09/210.83 mi6, Penny Long Lane, Derby, City Of Derby DE22 1AW3
£133K05/251.28 miApartment 1, 48, Vivian Street, Derby DE1 3RZ3
£133K05/251.28 miApartment 1, 48, Vivian Street, Derby DE1 3RZ3
£223K09/221.33 mi28, Liversage Street, Derby, City Of Derby DE1 2LH3
£91.5K12/241.47 miNorthview, 4, Burton Road, Derby DE23 6FS3
£91.5K12/241.47 mi4, Northview, Burton Road, Derby DE23 6FS3
£91.5K12/241.47 mi4, Northview, Burton Road, Derby DE23 6FS3
£168K03/251.57 miApartment 6, 43 Inglenook Court Apartments, Thornhill Road, Littleover, Derby DE23 6FZ3
£168K03/251.57 miApartment 6, 43 Inglenook Court Apartments, Thornhill Road, Littleover, Derby DE23 6FZ3
£123K08/251.75 mi61, Hall Park Close, Derby DE23 6GZ3
£125K08/242.52 mi6, Atlantic Way, Derby DE24 1AB3
£125K08/242.52 mi6, Atlantic Way, Derby DE24 1AB3

Local Rents

50 rents from £329/mo to £1.8K/mo, average is £620/mo.

Rent
Date
Distance
Address
Beds
 
£75008/250 miBurgess Mill, Manchester Street DE22 3GB3
£99512/240 miBurgess Mill, Manchester Street3
£1,05009/250 miBurgess Mill, Manchester Street3
£58011/250 mi20 Manchester Street, Derby, DE223
£1,15712/240.02 miKiln House, Manchester Street, Derby, Derbyshire, DE223
£49811/250.03 miManchester Street, Derby - STUDENTS 26/273
£52011/250.04 miAshbourne Road, Derby, DE223
£1,10009/250.04 miManchester Street, Derby3
£1,51712/240.04 miSurrey Street, Derby3
£92509/250.05 miManchester Street, Derby3
£72008/250.06 miFrederick Street , Derby, 3
£45512/240.06 miPeel Street, Derby3
£69507/250.06 miPeel Street, DE223
£85008/250.06 miPeel Street, Derby3
£1,00005/240.06 mi-3
£1,00012/240.06 miSurrey Street, Derby, DE223
£1,17008/250.07 miFrederick Street, Derby, DE223
£43312/240.07 miManchester Street - Students - 24 -253
£66008/250.08 miManchester Street, Derby, Derbyshire, DE223
£36812/240.08 miCecil Street - Students - 24 -253
£49812/240.08 miManchester Street3
£45006/250.08 miPeel Street, Derby3
£32910/250.09 miLangley Street, Derby - STUDENTS SECURE NOW!3
£45508/250.09 miLangley Street, Derby - STUDENTS SECURE NOW!3
£32909/250.09 miLangley Street, Derby - STUDENTS SECURE NOW!3
£97508/250.09 miPeel Street, Derby, Derbyshire, DE22 3GH3
£47708/250.1 miHandford Street, DE22 3GS, Derby - STUDENTS 25/263
£49811/250.1 miHandford Street, DE22 3GS, Derby - STUDENTS 26/273
£53312/240.1 miHandford Street3
£1,82010/230.1 miPybus Street, Derby, Derbyshire, DE223
£50710/250.1 miPybus Street, Derby, DE223
£57508/250.1 miPybus Street, Derby3
£1,62512/240.1 miPeel Street, Derby, Derbyshire, DE22 3GH3
£47607/250.1 miPybus Street, Derby, DE223
£49808/250.1 miPybus Street, Derby, DE223
£1,62512/240.1 miPeel Street, Derby, Derbyshire, DE22 3GH3
£1,20008/250.1 miPeel Street, Derby3
£37712/240.11 miStudent Lettings 2024 - 20253
£90006/250.11 miLangley Street, Derby3
£90007/250.11 miLangley Street, Derby3
£1,50812/240.11 miLangley Street, Derby, Derbyshire, DE223
£47712/240.11 miPybus Street3
£52012/240.12 miMarkeaton Campus Location3
£49808/250.12 miCecil Street, Derby, DE223
£90007/250.12 miShaw Street, Derby3
£49812/240.12 miPybus Street3
£49811/250.12 miRadbourne Street, Derby - STUDENTS 2026/20273
£47607/250.12 miHandford Street, Derby, City Centre, DE223
£1,19212/240.12 miRadbourne Street, Derby3
£71508/250.12 miRadbourne Street, Derby, DE22 3HD3

Local Area Statistics

Population in DE22

45,976

Population in Derby

308,324

Town centre distance

1.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £59,000

March 20, 2025

Listed for £55,000

February 28, 2025

Description

Key Features
  • Lot 223 for sale by auction on 19/03/2025
  • To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers website
  • Situated within a converted Mill Building
  • Reception Room, Kitchen, Two Bedrooms (One with ensuite), Further Room, Bathroom
  • Lease with approximately 104 years remaining
  • Allocated Parking Space
  • GIA (Source: EPC) approximately 81 sq m (872 sq ft)
  • The University of Derby is within reach approximately 1.2 miles to the north
  • EPC Rating - C. Council Tax Band - C
Key Locations
  • The property is situated on the north side of Manchester Street, to the west of its junction with Surrey Street
  • Local shops are available along nearby Friar Gate, whilst Derby city centre is also accessible approximately 1 miles away to the south east
  • Derby station provides direct services to London St Pancras, Nottingham, Sheffield, Birmingham and other destinations
  • The A6, A50 and M1 motorway are all within easy reach
  • Markeaton Park is within easy reach
  • The University of Derby is within reach approximately 1.2 miles to the north
Additional Information
  • This property is in an area listed as having a high risk of surface water flooding which means more than 3.3% chance of a flood each year in that general location. To our knowledge
  • this property has no history of flooding in the last 5 years.
Viewings
  • The property will be open for viewing on Monday 10th March, Wednesday 12th March and Friday 14th March between 2:15 - 2:45 p.m. These are open viewing times with no need to register.

    If you cannot attend the viewing you are advised to view the images and any available virtual tour on our website before bidding.

Agent Details

Allsop, Auction

020 3879 5993

Next Steps?

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