3 Bed Semi-Detached House, Refurb/BRRR, Derby, DE23 8DU, £99,500

8 Offerton Avenue, Derby DE23 8DU - 2 views - 25 days ago

Auction
Refurb/BRRR
ROI: 8%
80 m²
+5 photos

ValuationFair Value

Sold Prices£88K - £280K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

80 m²
Price/m²£1.2K/m²

Value Estimate

£99,500

 

 

End Value (After Refurb)

£126,683

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,875

Stamp Duty & Legal Fees

£6,175

Refurb Costs

£32,381

Bridging Loan Interest

£2,612

Total Cash In

£67,793

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£126,683

Mortgage (After Refinance)

£95,012

Mortgage LTV

75%

Cash Released

£20,387

Cash Left In

£47,406

Equity

£31,671

Rent Range

£765 - £1,500

Rent Estimate

£1,064

Running Costs/mo

£629

Cashflow/mo

£435

Cashflow/yr

£5,224

ROI

8%

Gross Yield

13%

Local Sold Prices

50 sold prices from £88K to £280K, average is £178.6K. £1.1K/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£280K02/230.07 mi390, Stenson Road, Derby, City Of Derby DE23 1HD3
£225K06/230.13 mi68, Derby Lane, Derby, City Of Derby DE23 8UD3
£88K10/200.14 mi30, Lewis Street, Derby, City Of Derby DE23 8BX3
£115K06/210.17 mi38, Vincent Street, Derby, Derbyshire DE23 8BT3
£92K03/210.17 mi29, Vincent Street, Derby, City Of Derby DE23 8BT3
£192.5K04/210.19 mi69, Lewis Street, Derby, City Of Derby DE23 8BY3
£210K06/230.19 mi80, Lewis Street, Derby, City Of Derby DE23 8BY3
£110K04/230.19 mi64, Lewis Street, Derby, City Of Derby DE23 8BY3
£215K11/200.2 mi173, Village Street, Derby, City Of Derby DE23 8DF3
£227K06/230.2 mi6, Littleover Lane, Derby, City Of Derby DE23 6JF3
£177.2K02/210.2 mi10, Littleover Lane, Derby, City Of Derby DE23 6JF3
£125K04/210.22 mi43, Brunswick Street, Derby, City Of Derby DE23 8TQ3
£185K09/210.22 mi7, Grange Avenue, Derby, City Of Derby DE23 8DH3
£205K10/200.22 mi45, Grange Avenue, Derby, City Of Derby DE23 8DH3
£188.5K12/200.22 mi43, Grange Avenue, Derby, City Of Derby DE23 8DH3
£135K10/200.22 mi182, Almond Street, Derby, City Of Derby DE23 6LY3
£118K01/210.22 mi150, Almond Street, Derby, City Of Derby DE23 6LY3
£231.5K12/220.22 mi7, Ingleby Avenue, Derby, City Of Derby DE23 8DL3
£215K10/210.24 mi36, Grange Avenue, Derby, City Of Derby DE23 8DG3
£107K11/200.25 mi175, Upper Dale Road, Derby, City Of Derby DE23 8BS3
£200K11/220.25 mi215, Upper Dale Road, Derby, City Of Derby DE23 8BS3
£130K03/230.25 mi168, Upper Dale Road, Derby, City Of Derby DE23 8BQ3
£150K02/230.25 mi176, Upper Dale Road, Derby, City Of Derby DE23 8BQ3
£215K06/210.26 mi84, Foremark Avenue, Derby, City Of Derby DE23 6JR3
£248K03/230.26 mi82, Foremark Avenue, Derby, City Of Derby DE23 6JR3
£150K03/230.29 mi97, Belvoir Street, Derby, City Of Derby DE23 6NN3
£148K01/210.29 mi48, Village Street, Derby, City Of Derby DE23 8SZ3
£235K01/230.3 mi71, Littleover Lane, Derby, City Of Derby DE23 6JH3
£185K01/210.3 mi83, Littleover Lane, Derby, City Of Derby DE23 6JH3
£238K06/230.3 mi83, Littleover Lane, Derby, City Of Derby DE23 6JH3
£100K05/210.31 mi93, Stanton Street, Derby, City Of Derby DE23 6NF3
£120K04/230.32 mi84, Sutherland Road, Derby, City Of Derby DE23 8RW3
£250K12/220.32 mi4, New Chestnut Place, Derby, City Of Derby DE23 1JT3
£212.5K02/210.32 mi7, New Chestnut Place, Derby, City Of Derby DE23 1JT3
£145K10/210.33 mi70, Walbrook Road, Derby, City Of Derby DE23 8RY3
£180K04/230.33 mi104, Walbrook Road, Derby, City Of Derby DE23 8RY3
£130K09/210.35 mi9, Gladstone Street, Derby, City Of Derby DE23 6PQ3
£125K11/200.35 mi3, Newdigate Street, Derby, City Of Derby DE23 8UZ3
£205K10/210.36 mi21, Shamrock Street, Derby, City Of Derby DE23 6PT3
£216K09/210.36 mi13, Shamrock Street, Derby, City Of Derby DE23 6PT3
£111.5K03/210.37 mi34, Scott Street, Derby, City Of Derby DE23 8QT3
£126K07/230.38 mi6, Byng Avenue, Derby, City Of Derby DE23 8WF3
£190K02/230.38 mi160, Clarence Road, Derby, City Of Derby DE23 6LT3
£165K11/200.39 mi27, Boswell Square, Derby, City Of Derby DE23 8AW3
£117K03/230.4 mi193, Clarence Road, Derby, City Of Derby DE23 6LU3
£95.1K02/210.4 mi27, Haddon Street, Derby, City Of Derby DE23 6NP3
£125K04/210.41 mi40, Belvoir Street, Derby, City Of Derby DE23 6NL3
£169.8K01/210.41 mi14, Chatsworth Street, Derby, City Of Derby DE23 6NR3
£219K06/210.42 mi39, Rosamonds Ride, Derby, City Of Derby DE23 6JS3
£220K06/210.42 mi47, Rosamonds Ride, Derby, City Of Derby DE23 6JS3

Local Rents

32 rents from £765/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00004/240.08 miAshopton Avenue, DERBY3
£1,15004/250.1 mi-3
£99503/250.18 mi-3
£76512/230.26 mi-3
£1,10003/240.31 miNew Chestnut Place, Derby3
£90012/240.4 mi-3
£85003/240.43 miST. James Road, Derby3
£85004/240.44 mi-3
£85004/240.44 miBlackmore Street, Derby, DE233
£85004/240.44 miBlackmore Street, Derby, DE233
£1,10003/240.44 miColwyn Avenue, Derby, Derbyshire, DE233
£95004/240.45 miBethulie Road, DERBY3
£99503/240.46 miPorter Road, DERBY3
£85003/240.47 miBalfour Road 3
£1,20004/240.48 miPenrhyn Avenue Littleover3
£1,05003/240.48 miHayes Avenue, Derby, Derbyshire3
£1,05001/250.48 mi-3
£79504/240.5 miStenson Road, Sunnyhill, DE233
£89512/240.52 mi-3
£1,15001/250.52 mi-3
£1,15002/250.52 mi-3
£99504/240.55 mi-3
£1,10004/250.58 mi-3
£1,00012/240.59 miWarwick Avenue, Derby3
£1,50003/240.59 mi-3
£1,35004/240.59 mi-3
£1,35005/240.59 mi-3
£1,30012/240.59 mi-3
£1,50012/240.59 mi-3
£1,30012/240.59 mi-3
£95504/250.61 mi-3
£1,10004/240.61 miShaldon Drive, Littleover, Derby, Derbyshire3

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

1.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £99,500

March 14, 2025

Description

  • Auction: 27.03.2025 09:00 +
  • Council Tax Band: A +
  • Three-Bedroom Semi-Detached Home In Sunnyhill +
  • Superb Renovation Project +
  • Spacious Lounge With Front-Facing Window +
  • Kitchen With Breakfast Bar +
  • Small Rear Garden Plus Side Garden Area +
  • EPC Rating: F +

For sale on 27 March 2025
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
The auction will commence at 09:00. An exciting opportunity to transform this three-bedroom semi-detached home on Offerton Avenue in Sunnyhill.

Requiring full modernisation, this property presents an excellent refurbishment project with significant potential. The ground floor features a spacious lounge, a kitchen with a breakfast bar, and a shower room. Upstairs, there are three well-proportioned bedrooms, including a master with built-in storage. The property benefits from a small rear garden tapering to a point, an additional side garden area, and a storage cupboard off the kitchen. Situated close to Rolls-Royce, the Royal Derby Hospital, and local amenities.

Accommodation:
Upon entering the property, you are welcomed by a small entrance hallway with a side window, leading to the staircase and the main living areas. To the front elevation is a lounge, whilst to the rear the kitchen is fitted with wall and base units, work surfaces, a sink and drain unit, and a breakfast bar. A door from the kitchen leads to the rear garden, which tapers to a point and includes an additional side garden area. A small lobby off the kitchen provides access to a useful storage cupboard and leads to a shower room, which includes a shower cubicle, low-level WC, wash basin, and towel radiator.

The first-floor landing leads to three generously sized bedrooms. The master bedroom at the front benefits from a built-in storage cupboard, while the second bedroom features built-in wardrobes, providing ample storage. The third bedroom offers flexibility as a childs room, guest room, or home office.

The property requires full modernisation but offers substantial potential for those looking to add value, presenting an excellent opportunity for both investors and owner-occupiers.

Location:
Offerton Avenue is located in the well-connected area of Sunnyhill, offering easy access to major employers such as Rolls-Royce and the Royal Derby Hospital. The nearby Cavendish shopping precinct provides a range of retail options, while local amenities include a Sainsburys and doctors surgeries. Public transport links are readily available, with regular bus services to Derby city centre and surrounding areas. The property is also within close proximity to local schools and parks. Additional Information: Construction Material: Standard brick. Heating: Room heaters, electric. Coverage: Broadband - Standard and Ultrafast are available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable: BT and Sky show as available in this area.
Draft Sales Details These sales details are awaiting vendor approval. Tenure: Freehold EPC Rating: F Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

SDL Property Auctions, Nationwide

08000 465454

Next Steps?

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