3 Bed Semi-Detached House, Single Let, Derby, DE22 1HD, £282,500

8 Park Grove, Derby, DE22 1HD - a month ago

BTL
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£117K - £480.5K
Sold Prices/m²£1K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£242,464

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,625

Stamp Duty & Legal Fees

£18,695

Total Cash In

£89,320

 

 

Cash Out

 

Rent Range

£377 - £2,250

Rent Estimate

£423

Running Costs/mo

£987

Cashflow/mo

£-564

Cashflow/yr

£-6,773

Gross Yield

2%

Local Sold Prices

51 sold prices from £117K to £480.5K, average is £260K. £1K/m² to £5.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£275K09/210.03 mi24, Park Grove, Derby, City Of Derby DE22 1HD3
£325K05/210.07 mi10, White Street, Derby, City Of Derby DE22 1HA3
£260K03/210.08 mi16, Statham Street, Derby, City Of Derby DE22 1HQ3
£306.5K06/230.08 mi56, Statham Street, Derby, City Of Derby DE22 1HQ3
£250K10/200.09 mi45, Statham Street, Derby, City Of Derby DE22 1HR3
£320K05/230.09 mi37, Statham Street, Derby, City Of Derby DE22 1HR3
£297.5K02/210.1 mi13, Wheeldon Avenue, Derby, Derbyshire DE22 1HP3
£272.5K08/210.1 mi33, Wheeldon Avenue, Derby, City Of Derby DE22 1HP3
£285K06/230.12 mi26, West Bank Avenue, Derby, City Of Derby DE22 1AP3
£245K11/210.19 mi11, Woodland Road, Derby, City Of Derby DE22 1GF3
£480.5K03/230.19 mi188, Broadway, Derby, City Of Derby DE22 1BP3
£134K10/220.22 mi12, Redshaw Street, Derby, City Of Derby DE1 3SG3
£184K12/210.22 mi39, Redshaw Street, Derby, City Of Derby DE1 3SH3
£202K07/220.22 mi11, Tivoli Gardens, Derby, City Of Derby DE1 3SQ3
£180K08/220.22 mi44, Walter Street, Derby, City Of Derby DE1 3PR3
£215K05/230.23 mi15, Tivoli Gardens, Derby, City Of Derby DE1 3SQ3
£372.5K04/210.24 mi24, Chevin Road, Derby, City Of Derby DE1 3EX3
£433.5K10/220.24 mi32, Chevin Road, Derby, City Of Derby DE1 3EX3
£200K01/210.26 mi66, Watson Street, Derby, City Of Derby DE1 3SP3
£326K04/210.27 mi55, Belper Road, Derby, City Of Derby DE1 3EP3
£202.5K06/230.28 mi83, Sherwin Street, Derby, City Of Derby DE22 1GP3
£182.5K02/210.31 mi18, Longford Street, Derby, City Of Derby DE22 1GH3
£375K11/200.31 mi244, Duffield Road, Derby, City Of Derby DE22 1BL3
£172.5K06/210.31 mi87, Longford Street, Derby, City Of Derby DE22 1GJ3
£160K04/230.31 mi69, Longford Street, Derby, City Of Derby DE22 1GJ3
£212K04/230.31 mi25, Longford Street, Derby, City Of Derby DE22 1GJ3
£300K01/230.33 mi9, Kingston Street, Derby, City Of Derby DE1 3EZ3
£275K11/200.34 mi18, Bank View Road, Derby, City Of Derby DE22 1EJ3
£335K05/210.34 mi30, Bank View Road, Derby, City Of Derby DE22 1EJ3
£440K04/230.34 mi54, Bank View Road, Derby, City Of Derby DE22 1EJ3
£320K04/210.35 mi30, Broadway, Derby, City Of Derby DE22 1BQ3
£139.9K01/210.35 mi16, Leaper Street, Derby, City Of Derby DE1 3NB3
£365K12/210.36 mi88, Arthur Street, Derby, City Of Derby DE1 3EH3
£335K06/210.36 mi4, Milford Street, Derby, City Of Derby DE1 3EL3
£279.9K10/200.38 mi7, Otter Street, Derby, City Of Derby DE1 3FD3
£212K08/210.38 mi45, Otter Street, Derby, City Of Derby DE1 3FD3
£212K08/210.38 mi45, Otter Street, Derby, City Of Derby DE1 3FD3
£265K01/230.38 mi97, Highfields Park Drive, Derby, City Of Derby DE22 1BW3
£230K04/210.38 mi95, Highfields Park Drive, Derby, City Of Derby DE22 1BW3
£230K04/210.38 mi95, Highfields Park Drive, Derby, City Of Derby DE22 1BW3
£475K11/210.38 mi5, Highfields Park Drive, Derby, City Of Derby DE22 1BW3
£264K04/210.39 mi44, Arthur Street, Derby, City Of Derby DE1 3EG3
£265K07/210.39 mi49, Arthur Street, Derby, City Of Derby DE1 3EG3
£190.9K03/210.42 mi19, North Street, Derby, Derbyshire DE1 3AZ3
£252K10/210.42 mi33, North Street, Derby, City Of Derby DE1 3AZ3
£287K11/220.42 mi25, North Street, Derby, City Of Derby DE1 3AZ3
£252K10/210.43 mi33, North Street, Derby, City Of Derby DE1 3AZ3
£145K03/210.45 mi41, Nuns Street, Derby, City Of Derby DE1 3LR3
£250K06/230.47 mi124, Highfields Park Drive, Derby, City Of Derby DE22 1JU3
£190K06/230.48 mi86, Bridge Street, Derby, City Of Derby DE1 3LF3
£117K01/210.5 mi10, Arthur Street, Derby, Derbyshire DE1 3EF3

Local Rents

37 rents from £377/mo to £2.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,30012/240.11 mi-3
£1,98011/230.18 mi-3
£47703/240.18 miLeyland Street, Derby3
£44603/240.2 miRedshaw Street, Derby3
£55003/240.2 miCowley Street, Derby3
£90003/240.21 miCowley Street, Derby3
£1,70004/240.22 mi-3
£1,30012/240.28 miSherwin Street, Darley Abbey3
£92512/240.28 miCedar Street, Derby3
£1,29503/240.31 miBelper Road, Derby3
£1,62512/240.31 miLongford Street, Derby, Derbyshire, DE223
£1,25009/240.31 mi-3
£99503/240.33 miApartment 9, Five Lamps Belper Road, Derby, Derbyshire3
£52012/240.33 mi28 Longford Street - Student - 24 -253
£1,30012/240.35 mi-3
£1,30002/250.35 mi-3
£1,30004/240.36 miSt Nicholas Place, Milford Street3
£54203/240.39 mi3 Bedroom Flat, Duffield Road - Students3
£46805/240.39 mi3 Bedroom Flat, Duffield Road - Students3
£44203/240.39 mi3-Bed Flat, Brookside, Kedleston Street, Derby3
£1,30005/240.39 miArthur Street, Derby3
£97503/240.41 miMundy Street, Derby, Derbyshire, DE1 3PT3
£1,49503/240.45 miNuns Street, Derby, Derbyshire, DE13
£39012/240.51 miStudent Property 24-253
£1,10012/240.52 mi-3
£1,25002/250.52 mi-3
£52003/240.52 miRedshaw Street, Derby3
£49812/240.53 miMerchant Street, Derby, Derbyshire, DE22 3AQ3
£2,25003/250.53 mi-3
£1,09902/240.55 mi-3
£37712/240.57 miStudent Lettings 2024 - 20253
£1,87203/240.57 miFriar Gate, Derby, Derbyshire, DE13
£1,09503/240.58 miSt Pauls Road, Chester Green, DE13
£49812/240.58 miPybus Street3
£47712/240.58 miPybus Street3
£52012/240.59 miMarkeaton Campus Location3
£82512/240.6 mi-3

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

1.38 miles away

Nearest school

0.20 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Price changed to £282,500

March 28, 2025

Listed for £299,950

March 4, 2025

Description

Featuring an enviable front parking area, this is a traditional three bedroom semi-detached property located in the highly popular and sought after ‘Six Streets’ area, off Kedleston Road.

Directions - Leaving the city centre on Kedleston Road, turn right onto White Street shortly after St Alkmunds church, at the top of the street the property will be found positioned in the right corner at the junction of Park Grove.

The gas centrally heated accommodation comprises, entrance hallway, bay windowed lounge, dining room and kitchen, to the first floor are three bedrooms and five piece bathroom suite.

Externally, the property features a large parking/yard area providing off road parking and storage, shared pedestrian access to a lawned front garden, side access to a pleasant rear garden with patio and raised lawn, all with a leafy outlook and aspect beyond.

The property is positioned in a corner on the junction with Park Grove and White Street affectionately known locally as ‘Six Streets’ having a strong community spirit. The city centre is a short distance away as is Darley and Markeaton Park and University of Derby. More locally there is a reputable primary school, grocery store, micro pub and cafe.

Accommodation -

Ground Floor -

Entrance Hallway - UPVC double glazed front door, attractive checked tiled floor, stairs to first floor with useful under stairs cupboard with plumbing for washing machine, radiator.

Lounge - 3.66m into bay x 3.40m (12' into bay x 11'2") - UPVC double glazed bay window, wooden flooring, tiled hearth, media connection's and radiator.

Dining Room - 3.96m x 3.40m (13' x 11'2") - Positioned to the rear with UPVC double glazed window, sliding doors open into the lounge, wooden flooring and radiator.

Kitchen - 2.72m x 2.21m (8'11" x 7'3") - Recently replaced with a range of wall and base units with matching cupboard and drawer fronts, laminate work surfaces, tiled walls, stainless steel sink and drainer, integrated dishwasher, space for a fridge freezer, quarry tiled floor, stable door to garden, UPVC double glazed window and radiator.

First Floor -

Landing -

Bedroom One - 3.43m to rear of wardrobes x 3.18m (11'3" to rear - A double bedroom with fitted wardrobes, front facing UPVC double glazed window and radiator.

Bedroom Two - 3.96m x 3.43m (13' x 11'3") - A second spacious double bedroom with rear facing UPVC double glazed window overlooking the gardens, wooden flooring, built-in housing combination boiler, radiator.

Bedroom Three - 2.24m x 2.13m (7'4" x 7') - Having a fitted wardrobe, desk and cupboards, wooden flooring, UPVC double glazed window, radiator.

Bathroom - 2.69m x 2.21m (8'10" x 7'3") - Appointed with a five piece suite comprising a panelled bath, shower cubicle, wash basin, bidet and WC, wooden floorboards, UPVC double glazed window, radiator.

Outside - Externally, the property features a large parking/yard area providing off road parking and storage, shared pedestrian access to a lawned front garden, side access to a pleasant rear garden with patio and raised lawn, all with a leafy outlook and aspect beyond.

Agent Details

Boxall Brown & Jones, Derby

01332 215408

Next Steps?

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