3 Bed Detached House, Refurb/BRRR, Derby, DE3 0PN, £260,000

Roydon Close, Mickleover, DE3 0PN - 24 days ago

Sold STC
Refurb/BRRR
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£98K - £345K
Sold Prices/m²£1.4K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£222,603

 

 

End Value (After Refurb)

£262,762

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£37,686

Bridging Loan Interest

£6,825

Total Cash In

£125,961

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£262,762

Mortgage (After Refinance)

£197,071

Mortgage LTV

75%

Cash Released

£2,071

Cash Left In

£123,889

Equity

£65,690

Rent Range

£900 - £1,400

Rent Estimate

£1,092

Running Costs/mo

£1,060

Cashflow/mo

£32

Cashflow/yr

£390

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £98K to £345K, average is £209K. £1.4K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£190K12/200.12 mi117, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0PF3
£178K06/210.12 mi61, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0PF3
£180K01/210.13 mi7, Upchurch Close, Mickleover, Derby, City Of Derby DE3 0PX3
£192.5K06/210.13 mi10, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£219.9K10/210.13 mi17, Kingsmuir Road, Mickleover, Derby, Derbyshire DE3 0PY3
£170K01/210.13 mi6, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£205K02/210.13 mi35, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£242K03/210.13 mi41, Kingsmuir Road, Mickleover, Derby, City Of Derby DE3 0PY3
£237.5K08/210.14 mi30, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RU3
£175K05/210.17 mi45, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£199.9K10/200.17 mi41, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£208K05/210.17 mi39, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£199.9K02/210.17 mi75, Chilson Drive, Mickleover, Derby, City Of Derby DE3 0PG3
£165K11/200.17 mi3, Chelmsford Close, Mickleover, Derby, City Of Derby DE3 0PU3
£180K11/200.17 mi1, Chelmsford Close, Mickleover, Derby, City Of Derby DE3 0PU3
£185K01/210.17 mi5, Starcross Court, Mickleover, Derby, City Of Derby DE3 0PW3
£215K02/210.2 mi10, Langford Road, Mickleover, Derby, City Of Derby DE3 0PD3
£200K04/210.2 mi9, Langford Road, Mickleover, Derby, City Of Derby DE3 0PD3
£226K11/220.21 mi9, Marfleet Close, Mickleover, Derby, City Of Derby DE3 0PQ3
£260K12/200.21 mi15, Marfleet Close, Mickleover, Derby, City Of Derby DE3 0PQ3
£180K10/200.21 mi15, Sandown Avenue, Mickleover, Derby, City Of Derby DE3 0QQ3
£220K02/210.23 mi1, Hoylake Drive, Mickleover, Derby, City Of Derby DE3 0QA3
£222K10/200.24 mi22, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RT3
£195K03/210.24 mi29, Inglewood Avenue, Mickleover, Derby, City Of Derby DE3 0RT3
£260K02/230.27 mi10, Rothwell Road, Mickleover, Derby, City Of Derby DE3 0PJ3
£345K11/220.28 mi67, Fairbourne Drive, Mickleover, Derby, City Of Derby DE3 0SA3
£247K11/220.28 mi18, Drysdale Road, Mickleover, Derby, City Of Derby DE3 0PR3
£260.1K10/220.29 mi65, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£235K10/210.29 mi30, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£184K02/230.29 mi31, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£190K02/210.29 mi35, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£212K12/200.29 mi65, Draycott Drive, Mickleover, Derby, City Of Derby DE3 0QE3
£210K10/200.29 mi11, Seaton Close, Mickleover, Derby, City Of Derby DE3 0QH3
£248K11/220.3 mi11, Denver Road, Mickleover, Derby, City Of Derby DE3 0PS3
£210K03/210.32 mi84, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£220K03/230.32 mi48, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£222K07/220.33 mi68, West Drive, Mickleover, Derby, City Of Derby DE3 0EU3
£197.5K06/210.33 mi10, Adwick Close, Mickleover, Derby, City Of Derby DE3 0QX3
£210K07/210.35 mi55, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£195K12/200.35 mi29, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£98K04/210.35 mi22, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£257.1K12/220.36 mi49, Crystal Close, Mickleover, Derby, City Of Derby DE3 0BP3
£222K10/210.36 mi37, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP3
£220K10/200.36 mi54, Fenton Road, Mickleover, Derby, Derbyshire DE3 0EP3
£211K01/230.36 mi33, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP3
£210K12/200.37 mi4, Swayfield Close, Mickleover, Derby, City Of Derby DE3 0RN3
£175K03/210.37 mi1, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EN3
£205K12/220.37 mi106, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£137.5K11/200.38 mi124, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3
£186K12/220.38 mi124, Farneworth Road, Mickleover, Derby, City Of Derby DE3 0ES3

Local Rents

19 rents from £900/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.07 miChilson Drive, Mickleover, Derby3
£92503/240.1 miBanwell Close, Mickleover, Derby3
£1,10004/240.11 mi-3
£1,00003/240.17 miChilson Drive, Mickleover, Derby3
£1,20003/240.19 miSnowdrop Road, Mickleover, Derby3
£1,05004/240.23 miLadybank Road, Mickleover3
£1,05004/240.27 miHoylake Court, Mickleover3
£99503/240.37 miBarnwood Close, Mickleover3
£95004/240.39 miFenton Road, Mickleover, Derby3
£1,15003/250.39 mi-3
£1,20004/240.4 miIris Crescent, Mickleover DE3 0FW3
£1,10003/240.48 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,05004/240.48 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,40003/240.53 miRosehip Road, Mickleover, Derby3
£90003/240.56 miVicarage Road, Mickleover, Derby, Derbyshire3
£1,20003/240.57 miBay Close, Mickleover3
£1,10004/240.57 mi-3
£1,17503/240.58 miVictoria Close, Mickleover, DE3 9JQ3
£1,10003/250.61 mi-3

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

3.20 miles away

Nearest school

0.20 miles away

Nearest train station

3.48 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £260,000

March 10, 2025

Floor Plans

Description

  • Three-Bedroom, Standard Construction Detached Bungalow +
  • EPC Rating C +
  • Council Tax Band D +
  • Freehold +
  • Two Driveway's Providing Off Road Parking With A Detached Garage +
  • Private & Enclosed Rear Garden +
  • Spacious & Extended Living Accommodation +
  • In Need Of Modernisation +
  • Cul-De-Sac Location +
  • Sitting On A Good-Sized Plot +

Sitting on a good-sized plot on a popular cul-de-sac is this spacious and extended, three-bedroom detached bungalow, brought to the market with no upward chain. Located in the sought-after area of Mickleover and situated close to local shops and public transport routes, the property features uPVC double glazing, gas central heating, a private, enclosed rear garden and ample off road parking with a detached garage!

In brief the accommodation comprises; Entrance hallway with three storage cupboards, a spacious lounge with two large windows, letting in plenty on natural light, a fitted kitchen, separate dining room, three bedrooms and a shower room having a three piece suite.

At the front of the property is a lawned garden together with two driveway's providing ample off road parking, a detached garage and a secure gate giving access to the rear of the property. Here can be found a good sized, private and enclosed garden laid mainly to lawn, patio area, greenhouse, garden shed, a range of flower and shrubbery beds, vegetable patch and fenced boundaries.

Roydon Close lies conveniently situated for local amenities in Mickleover Village including, local well regarded schools, public transport routes, Derby Royal Hospital, recreational facilities and useful road links via the A52, A38 and A50 networks, leading to the M1 motorway and East Midlands Airport. Viewings are a must to fully appreciate the accommodation on offer.

Agent Details

Hannells Estate Agents, Mickleover

01332 215261

Next Steps?

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