Potential 4-Bed HMO, Derby, DE24 8FZ £159,950

18 Abingdon Street, Derby, DE24 8FZ - 33 views - 8 months ago
Sold STC
HMO
ROI: 10%
93 m²
Property image

ValuationOvervalued

Sold Prices£60K - £252K
Sold Prices/m²£981/m² - £2.9K/m²

 

 

Square Metres

93 m²
Price/m²£1.7K/m²

Value Estimate

£140,581

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£10,198

Total Cash In

£50,185

 

 

Cash Out

 

Room Rate

£464

Gross Rent

£1,856

Running Costs/mo

£1,318

Cashflow/mo

£538

Cashflow/yr

£6,454

ROI

13%

Gross Yield

14%

Local Sold Prices

50 sold prices from £60K to £252K, average is £161K. £981/m² to £2.9K/m², average is £1.7K/m².

Price
Date
Distance
Address
Beds
 
£120K04/230.07 mi70, Abingdon Street, Derby, City Of Derby DE24 8FZ3
£93K09/210.07 mi38, Abingdon Street, Derby, City Of Derby DE24 8FZ3
£115K07/210.09 mi45, Handel Street, Derby, City Of Derby DE24 8AZ3
£165K01/230.17 mi430, Osmaston Road, Derby, City Of Derby DE24 8AH3
£147K11/210.27 mi25, Baseball Drive, Derby, City Of Derby DE23 8NE3
£180K06/230.27 mi23, Baseball Drive, Derby, City Of Derby DE23 8NE3
£167.5K12/220.3 mi16, Crowshaw Street, Derby, City Of Derby DE24 8DY3
£160K04/230.33 mi18, Vulcan Street, Derby, City Of Derby DE23 8ND3
£155K04/230.39 mi164, Addison Road, Derby, City Of Derby DE24 8FL3
£129K04/230.42 mi26, Pear Tree Street, Derby, City Of Derby DE23 8PP3
£77.5K02/230.42 mi142, Leacroft Road, Derby, City Of Derby DE23 8HX3
£163K07/210.44 mi12, Horton Street, Derby, City Of Derby DE23 8LN3
£123K07/210.44 mi21, Tennyson Street, Derby, City Of Derby DE24 8BN3
£172K02/250.49 mi107, Pear Tree Crescent, Derby DE23 8RQ3
£172K02/250.51 mi107, Peartree Crescent, Derby, City Of Derby DE23 8RQ3
£165K09/210.51 mi45, Peartree Crescent, Derby, City Of Derby DE23 8RP3
£134K05/230.51 mi127, Grange Street, Derby, City Of Derby DE23 8HD3
£125K04/230.52 mi34, Selborne Street, Derby, City Of Derby DE24 8WF3
£252K04/250.53 mi134, Balfour Road, Derby DE23 8UQ3
£252K04/250.53 mi134, Balfour Road, Derby DE23 8UQ3
£145K10/210.53 mi171, Balfour Road, Derby, City Of Derby DE23 8UR3
£156K08/210.54 mi715, London Road, Alvaston, Derby, City Of Derby DE24 8US3
£180K03/230.55 mi152, Osmaston Park Road, Derby, City Of Derby DE24 8EY3
£165K07/210.55 mi194, Osmaston Park Road, Derby, City Of Derby DE24 8EY3
£156.8K05/230.56 mi36, Sale Street, Derby, City Of Derby DE23 8GD3
£165K12/220.56 mi10, Eton Street, Derby, City Of Derby DE24 8WU3
£130K05/230.58 mi28, Addison Road, Derby, City Of Derby DE24 8FG3
£60K09/210.59 mi80, Portland Street, Derby, City Of Derby DE23 8QB3
£130K12/220.61 mi207, Portland Street, Derby, City Of Derby DE23 8WP3
£107K08/210.64 mi33, Harrington Street, Pear Tree, Derby, City Of Derby DE23 8PE3
£98K07/230.67 mi37, Balfour Road, Derby, City Of Derby DE23 8UP3
£225K04/230.68 mi10, Ionian Drive, Derby, City Of Derby DE24 1AF3
£165K11/210.69 mi128, Allestree Close, Derby, City Of Derby DE24 8SX3
£110K05/230.7 mi16, Joseph Street, Derby, City Of Derby DE23 8QH3
£190K03/230.7 mi21, Keynsham Close, Alvaston, Derby, City Of Derby DE24 8UN3
£128K02/250.71 mi136, Allestree Close, Derby DE24 8SX3
£210K05/250.75 mi18, Channel Crescent, Derby DE24 1AQ3
£210K05/250.75 mi18, Channel Crescent, Derby DE24 1AQ3
£156K12/240.75 mi22, Brigden Avenue, Derby DE24 8LH3
£225K03/250.76 mi37, Pacific Way, Derby, City Of Derby DE24 1AA3
£187.5K07/210.76 mi87, Pacific Way, Derby, City Of Derby DE24 1AA3
£97K12/230.76 mi2, Pacific Way, Derby, City Of Derby DE24 1AA3
£190K02/250.76 mi57, Pacific Way, Derby, City Of Derby DE24 1AA3
£222K03/230.76 mi61, Pacific Way, Derby, City Of Derby DE24 1AA3
£172K04/230.78 mi29, Panama Circle, Derby, City Of Derby DE24 1AE3
£120K04/230.78 mi84, Sutherland Road, Derby, City Of Derby DE23 8RW3
£162K02/250.78 mi16, Chatham Street, Derby DE23 8TH3
£210K11/210.8 mi2, Tayberry Close, Alvaston, Derby, City Of Derby DE24 8YS3
£145K10/210.8 mi70, Walbrook Road, Derby, City Of Derby DE23 8RY3
£180K04/230.8 mi104, Walbrook Road, Derby, City Of Derby DE23 8RY3

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

0.98 miles away

Nearest school

0.40 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Price changed to £159,950

May 15, 2025

Listed for £179,950

March 14, 2025

Floor Plans

Property image

Description

A far larger than average, very well presented three/four bedroom mid-terrace with hallway, which offers excellent accommodation for a family or for rental investment.

Directions - Approaching the property on Osmaston Road from Derby, proceed straight through the two sets of traffic lights at the junctions with Douglass Street and Litchurch Lane, taking the third right onto Abingdon Street where the subject property will be found on the right.

The property is attractively offered for sale with no upward chain and vacant possession.

The gas centrally heated and UPVC double glazed accommodation comprises, enclosed entrance porch leading into a hallway, bay-windowed lounge/potential bedroom four, dining room leading into a large kitchen. To the first floor there are three well-proportioned double bedrooms and shower room.

Externally there is a walled forecourt with gate leading to the front door. Gated side access leads into a private garden with patio, pathway, hedge and two brick outbuildings.

Abingdon Street is accessed directly from Osmaston Road close to Ascot Drive, Florence Nightingale Community Hospital (formally DRI) and the city centre.

The property benefits from internal fire doors and the property has been previously let on an HMO basis. An ideal investment opportunity.

Accommodation -

Ground Floor -

Enclosed Porch - Main timber panelled front door with inset glazed window and window over, inset floor mat, inner door into:

Hallway - With Minton tiled floor, attractive coving, useful understairs store, radiator.

Front Room - 4.37m x 3.07m (14'4" x 10'1") - A generous bay-windowed reception room or for alternative use as a bedroom, attractive coving, ample space for furniture, UPVC double glazed windows and radiator.

Dining Room - 4.04m x 3.76m (13'3" x 12'4") - A further spacious reception room or communal room having a rear facing UPVC double glazed window, stairs to the first floor, laminate flooring, radiator.

Kitchen - 4.75m x 2.57m (15'7" x 8'5") - A generous kitchen being appointed with an excellent range of wall and base units with matching cupboard and drawer fronts, laminate work surfaces and tiled walls, stainless steel sink and drainer, electric oven and hob with extractor fan over, space for a washing machine and American style fridge, wall mounted combination boiler, vinyl flooring, UPVC double glazed windows, timber panelled back door and radiator.

First Floor -

Landing - Passaged with independent access to all first floor rooms.

Bedroom One - 4.04m x 3.63m (13'3" x 11'11") - A spacious double bedroom with a front facing UPVC double glazed window, fitted wardrobe and radiator.

Bedroom Two - 3.76m x 3.07m (12'4" x 10'1") - A second spacious double bedroom with built-in cupboard, rear facing UPVC double glazed window and radiator.

Bedroom Three - 2.72m x 2.59m + entry lobby (8'11" x 8'6" + entry - A third generous bedroom having a rear facing UPVC double glazed window, fitted wardrobe and radiator.

Shower Room - 1.91m x 1.40m (6'3" x 4'7") - Appointed with a three piece suite comprising a corner shower cubicle with electric shower and glazed screen door, wash basin and WC, vinyl flooring, UPVC double glazed window, extractor fan and radiator.

Outside - Externally there is a walled forecourt with gate leading to the front door. Gated side access leads into a private garden with patio, pathway, hedge and two brick outbuildings.

Agent Details

Boxall Brown & Jones, Derby

01332 215408

Next Steps?

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