3 Bed Terraced House, Refurb/BRRR, Derby, DE24 8PH, £60,000

90 Booth Street, Alvaston, Derby, DE24 8PH - 5 views - 8 days ago

Auction
Refurb/BRRR
ROI: 10%
81 m²
+8 photos

ValuationUndervalued

Sold Prices£120K - £290K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

81 m²
Price/m²£741/m²

Value Estimate

£61,800
BMV3%

 

 

End Value (After Refurb)

£154,961

Uplift in Value

+158%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£32,781

Bridging Loan Interest

£1,575

Total Cash In

£55,306

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£154,961

Agent Fees (1%)

£1,550

Bridging Loan

£45,000

Bridging Loan Interest

£1,575

Flip Profit

£53,105

Local Sold Prices

50 sold prices from £120K to £290K, average is £160K. £1.3K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£187K05/230.08 mi1, Neilson Street, Alvaston, Derby, City Of Derby DE24 0ET3
£137K08/210.08 mi26, Coleman Street, Derby, City Of Derby DE24 8NH3
£153K05/210.15 mi40, Excelsior Avenue, Alvaston, Derby, City Of Derby DE24 0AE3
£147.5K06/230.16 mi8, Radford Street, Alvaston, Derby, City Of Derby DE24 8NS3
£130K06/210.18 mi30, Matthew Street, Alvaston, Derby, City Of Derby DE24 0ER3
£182.5K02/230.19 mi27, Matthew Street, Alvaston, Derby, City Of Derby DE24 0ES3
£170K06/230.2 mi679, Harvey Road, Derby, City Of Derby DE24 0EH3
£130K07/210.2 mi711, Harvey Road, Derby, City Of Derby DE24 0EH3
£130K02/210.21 mi41, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LU3
£127K05/210.21 mi46, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LU3
£168K04/230.21 mi1, Collis Close, Allenton, Derby, City Of Derby DE24 8LN3
£125K05/210.22 mi724, Harvey Road, Derby, City Of Derby DE24 0EG3
£205K07/230.23 mi24, Holloway Road, Alvaston, Derby, City Of Derby DE24 0FN3
£213K07/210.24 mi54, Kiwi Drive, Alvaston, Derby, City Of Derby DE24 8NN3
£160K07/230.25 mi46, Bemrose Road, Allenton, Derby, City Of Derby DE24 8LQ3
£126K11/200.27 mi51, Brigden Avenue, Allenton, Derby, City Of Derby DE24 8LJ3
£161K05/210.29 mi33, Anthony Drive, Alvaston, Derby, City Of Derby DE24 0FZ3
£131K11/200.29 mi9, Anthony Drive, Alvaston, Derby, City Of Derby DE24 0FZ3
£210K11/210.29 mi2, Tayberry Close, Alvaston, Derby, City Of Derby DE24 8YS3
£160K12/200.29 mi16, Anthony Crescent, Alvaston, Derby, City Of Derby DE24 0GA3
£160K12/200.29 mi13, Jubalton Close, Allenton, Derby, City Of Derby DE24 9BN3
£155K09/210.31 mi84, Brackens Lane, Alvaston, Derby, City Of Derby DE24 0AP3
£290K01/230.31 mi44, Mandarin Way, Alvaston, Derby, City Of Derby DE24 8YE3
£122K11/200.31 mi387, Baker Street, Alvaston, Derby, City Of Derby DE24 8SJ3
£125K11/200.32 mi30, Hutton Street, Allenton, Derby, City Of Derby DE24 8LA3
£153.5K11/200.34 mi41, Avonmouth Drive, Alvaston, Derby, City Of Derby DE24 8UL3
£166.5K02/230.35 mi1, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LT3
£120K05/210.35 mi223, Baker Street, Alvaston, Derby, City Of Derby DE24 8SG3
£129.9K05/210.35 mi255, Baker Street, Alvaston, Derby, City Of Derby DE24 8SG3
£192K08/210.35 mi22, Holtlands Drive, Alvaston, Derby, City Of Derby DE24 0AR3
£185K02/210.35 mi29, Arlington Drive, Alvaston, Derby, City Of Derby DE24 0AW3
£120K02/230.36 mi276, Baker Street, Alvaston, Derby, City Of Derby DE24 8SF3
£160K01/230.36 mi463, Baker Street, Alvaston, Derby, City Of Derby DE24 8SN3
£128K12/200.36 mi423, Baker Street, Alvaston, Derby, City Of Derby DE24 8SN3
£190K03/210.37 mi49, Holtlands Drive, Alvaston, Derby, City Of Derby DE24 0AS3
£120K03/210.37 mi470, Baker Street, Alvaston, Derby, City Of Derby DE24 8SL3
£168.5K01/210.37 mi16, Brackens Avenue, Alvaston, Derby, Derbyshire DE24 0BE3
£185K02/230.37 mi256, Baker Street, Alvaston, Derby, City Of Derby DE24 8SF3
£160K08/210.38 mi74, Uppermoor Road, Allenton, Derby, City Of Derby DE24 9BY3
£164K08/210.39 mi46, Rosedale Avenue, Alvaston, Derby, Derbyshire DE24 0FJ3
£205K05/230.39 mi32, Rosedale Avenue, Alvaston, Derby, City Of Derby DE24 0FJ3
£181K05/230.39 mi56, Rosedale Avenue, Alvaston, Derby, City Of Derby DE24 0FJ3
£135K03/210.39 mi62, Rosedale Avenue, Alvaston, Derby, Derbyshire DE24 0FJ3
£190K06/210.4 mi47, Friary Avenue, Allenton, Derby, City Of Derby DE24 9DD3
£132K11/200.4 mi12, Friary Avenue, Allenton, Derby, City Of Derby DE24 9DD3
£169K03/210.41 mi25, Rosedale Avenue, Alvaston, Derby, City Of Derby DE24 0FL3
£220K04/230.41 mi16, Boulton Drive, Alvaston, Derby, City Of Derby DE24 0FQ3
£193K11/200.41 mi29, Boulton Drive, Alvaston, Derby, City Of Derby DE24 0FQ3
£191K11/210.41 mi226, Boulton Lane, Derby, City Of Derby DE24 0BA3
£216K12/220.41 mi208, Boulton Lane, Derby, City Of Derby DE24 0BA3

Local Rents

14 rents from £850/mo to £3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£92502/240.34 mi-3
£2,20004/240.34 mi-3
£1,05012/240.37 miHoltlands Drive, Alvaston, Derby3
£85012/240.38 miRockhouse Road, Alvaston, Derby, Derbyshire3
£1,10012/240.39 miWynton Avenue, Alvaston, DERBY3
£1,00012/240.44 mi-3
£1,00001/240.45 mi-3
£1,00001/240.45 mi-3
£99512/240.48 miWarren Street, Alvaston3
£85003/250.52 mi-3
£1,15002/250.57 mi-3
£85012/240.59 miChambers Street, Derby3
£92512/240.6 miHaig Street, Derby, Derbyshire, DE24 8RH3
£3,00001/250.61 mi-3

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.99 miles away

Nearest school

0.30 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £60,000

March 7, 2025

Floor Plans

Description

LOT 69 FOR SALE BY ONLINE AUCTION on 26th March 2025

Six Week Completion or Earlier

Freehold House Vacant Possession

Situated in a cul-de-sac off Coleman Street, close to local shopping/travelling facilities including Peartree Train Station. Further amenities can be found a short drive away in Derby City Centre.

A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising:

First Floor
Bedroom (One)
Bedroom (Two)
Bedroom (Three)
Bathroom/WC

Ground Floor
Entrance Hall
Living Room
Kitchen (without fittings)
WC

Front Garden

Garden at Rear

Tenancy
Vacant Possession

EPC Rating
E

Council Tax Band
A

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

Agent Details

McHugh & Co, London

020 3907 9877

Next Steps?

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