2 Bed House, Refurb/BRRR, Derby, DE3 0GG, £190,000

Warner Street, Mickleover, Derby, DE3 0GG - 1 views - 20 days ago

Refurb/BRRR
ROI: 1%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£140K - £330K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£193,800

 

 

End Value (After Refurb)

£190,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£27,600

Bridging Loan Interest

£4,988

Total Cash In

£92,538

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,000

Mortgage (After Refinance)

£142,500

Mortgage LTV

75%

Cash Left In

£92,538

Equity

£47,500

Rent Range

£695 - £975

Rent Estimate

£859

Running Costs/mo

£786

Cashflow/mo

£73

Cashflow/yr

£881

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £140K to £330K, average is £181K. £2.1K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£172.9K07/220.01 mi17, Warner Street, Mickleover, Derby, City Of Derby DE3 0GG2
£206K02/230.01 mi15, Warner Street, Mickleover, Derby, City Of Derby DE3 0GG2
£202K10/220.01 mi11a, Warner Street, Mickleover, Derby, City Of Derby DE3 0GG2
£172K11/220.03 mi7, Bramble Mews, Mickleover, Derby, City Of Derby DE3 0GD2
£152K08/210.19 mi3, Etwall Road, Mickleover, Derby, City Of Derby DE3 0DL2
£222K11/220.2 mi61, Portland Close, Mickleover, Derby, City Of Derby DE3 9BZ2
£140K04/210.2 miClematis Cottage, 48, Station Road, Mickleover, Derby, City Of Derby DE3 9GJ2
£175K04/230.2 mi68, Station Road, Mickleover, Derby, City Of Derby DE3 9GJ2
£205K06/210.21 mi18, Mickleover Manor, Mickleover, Derby, City Of Derby DE3 0SH2
£218K10/200.21 mi17, Mickleover Manor, Mickleover, Derby, City Of Derby DE3 0SH2
£165K06/210.23 mi6, Cromer Close, Mickleover, Derby, City Of Derby DE3 0TQ2
£250K03/210.25 mi7, Uffa Magna, Mickleover, Derby, City Of Derby DE3 0SN2
£160K11/210.25 mi27, Sedgefield Green, Mickleover, Derby, City Of Derby DE3 0TH2
£162K03/230.25 mi13, Sedgefield Green, Mickleover, Derby, City Of Derby DE3 0TH2
£143.5K03/210.25 mi33, Sedgefield Green, Mickleover, Derby, City Of Derby DE3 0TH2
£145K06/210.25 mi24, Sedgefield Green, Mickleover, Derby, City Of Derby DE3 0TH2
£199.9K03/210.29 mi35, Hedingham Way, Mickleover, Derby, City Of Derby DE3 0NX2
£199.9K03/210.29 mi35, Hedingham Way, Mickleover, Derby, City Of Derby DE3 0NX2
£160K12/200.3 mi32, Prescot Close, Mickleover, Derby, City Of Derby DE3 0TB2
£170K01/230.31 mi5, Alma Heights, Mickleover, Derby, City Of Derby DE3 9BF2
£195K06/230.31 mi30, Weavers Green, Mickleover, Derby, City Of Derby DE3 0TU2
£159K02/210.31 mi27, Cumbria Walk, Mickleover, Derby, City Of Derby DE3 0TL2
£174K08/220.31 mi36, Cumbria Walk, Mickleover, Derby, City Of Derby DE3 0TL2
£178K05/210.33 mi18, Parkstone Court, Mickleover, Derby, City Of Derby DE3 0RJ2
£167K05/210.35 mi307, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0TW2
£220K06/230.35 mi307, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0TW2
£170K07/210.36 mi345, Ladybank Road, Mickleover, Derby, City Of Derby DE3 0TW2
£160K05/210.38 mi2, Farnham Close, Mickleover, Derby, City Of Derby DE3 0RE2
£160K05/210.38 mi2, Farnham Close, Mickleover, Derby, City Of Derby DE3 0RE2
£208K05/230.41 mi46, Glenfield Crescent, Mickleover, Derby, City Of Derby DE3 0RF2
£182K05/210.42 mi163, Vicarage Road, Mickleover, Derby, City Of Derby DE3 0EF2
£176K12/200.47 mi92, West Drive, Mickleover, Derby, City Of Derby DE3 0EU2
£156K05/210.47 mi78, West Drive, Mickleover, Derby, City Of Derby DE3 0EU2
£161K10/200.48 mi24, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP2
£195K02/230.48 mi52, Fenton Road, Mickleover, Derby, City Of Derby DE3 0EP2
£180K03/210.49 mi20, Wells Road, Mickleover, Derby, City Of Derby DE3 9BU2
£215K01/230.51 mi26, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HA2
£330K11/220.51 mi7, Windsor Court, Mickleover, Derby, City Of Derby DE3 0FA2
£154.5K02/210.52 mi19, Thorpe Drive, Mickleover, Derby, City Of Derby DE3 9GA2
£212K07/220.54 mi28, Wilson Close, Mickleover, Derby, Derbyshire DE3 0DT2
£195K04/230.54 mi38, Wilson Close, Mickleover, Derby, Derbyshire DE3 0DT2
£259.5K11/220.55 mi7, Oak Drive, Mickleover, Derby, City Of Derby DE3 9JB2
£250K03/210.57 mi54, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HB2
£175K12/200.57 mi42, Devonshire Drive, Mickleover, Derby, City Of Derby DE3 9HB2
£220K10/210.57 mi17, North Close, Mickleover, Derby, City Of Derby DE3 9JA2
£290K05/230.57 mi1, North Close, Mickleover, Derby, City Of Derby DE3 9JA2
£245K05/230.57 mi12, Stanhope Road, Mickleover, Derby, City Of Derby DE3 9HG2
£208K06/210.57 mi9, Stanhope Road, Mickleover, Derby, City Of Derby DE3 9HG2
£190K06/230.57 mi10, Stanhope Road, Mickleover, Derby, City Of Derby DE3 9HG2
£198K11/200.57 mi33, Stanhope Road, Mickleover, Derby, City Of Derby DE3 9HG2

Local Rents

14 rents from £695/mo to £975/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£75004/240.08 miVicarage Road, Mickleover, Derby, Derbyshire, DE32
£72503/240.09 miLimes Court, Limes Avenue, Mickleover2
£92503/240.11 miAlport Road, Mickleover2
£87512/240.21 miBrunton Close, Mickleover2
£95002/240.21 mi-2
£79504/240.25 miSedgefield Green, Mickleover 2
£79503/240.31 miWeavers Green, Mickelover2
£69502/240.51 mi-2
£95001/250.57 mi-2
£97501/250.57 mi-2
£95003/240.57 miKensey Road, Mickleover, Derby2
£87503/240.58 miMalcom Grove, Littleover2
£89503/240.59 miLeslie Close, Littleover, Derby2
£87503/240.6 miGregory Walk, Littleover, Derby2

Local Area Statistics

Population in DE3

17,094

Population in Derby

308,324

Town centre distance

3 miles away

Nearest school

0.20 miles away

Nearest train station

3.01 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £190,000

March 14, 2025

Floor Plans

Description

  • Ideal For First-Time Buyers Looking For A Property With Great Potential +
  • Opportunity To Add Value Through Modernisation And Personalisation +
  • Spacious Lounge With A Feature Fireplace And Built-In Storage +
  • Separate Dining Room With Ornamental Fireplace And Stair Access To The First Floor +
  • Fitted Kitchen With Beech Effect Units, Gas Hob, And Access To The Rear Garden +
  • Private Rear Garden With A Paved Seating Area, Lawn, And Brick-Built Outbuilding +
  • Two Generous Double Bedrooms With Characterful Original Features +
  • Period Features Throughout Including Fireplaces And Wooden Floorboards +
  • Prime Central Location, Offering Easy Access To Local Amenities And Transport Links +
  • Nestled in the Heart of Mickleover Village +

IDEAL FOR FIRST TIME BUYERS - Situated in the heart of Mickleover, this two-bedroom period property on Warner Street offers plenty of potential for buyers looking to personalise a home with character. It features two spacious double bedrooms, a lounge with a feature fireplace, and a separate dining room with built-in shelving. The kitchen provides practical storage and opens onto the rear garden, which includes a brick-built outbuilding. Original features such as cast iron fireplaces and stripped wooden floorboards add to the charm. Well positioned for Mickleover’s shops, cafes, and schools, this property presents an opportunity to create a comfortable home in a sought-after location.

The Detail - This well-positioned two-bedroom home on Warner Street offers character and potential, making it ideal for first-time buyers or those looking to add their own touch. The entrance leads into a lounge with a feature fireplace, Adam-style surround, and coal effect gas fire. Built-in storage and shelving enhance the space, while a front-facing window allows natural light to fill the room. The adjoining dining room features a central heating radiator, ornamental fireplace, and built-in shelving, with stairs leading to the first floor.

The kitchen is fitted with beech effect units and stainless steel handles, complemented by a laminated work surface and tile splashback. A stainless steel sink with a mixer tap sits beneath a side window, while the side door opens onto the rear garden. The kitchen includes a gas hob, electric appliances, and a wall-mounted combination boiler.

Upstairs, the primary bedroom features a cast iron fireplace with a tiled hearth, stripped wooden floorboards, and front-facing windows. The second bedroom retains its original cast iron fireplace with a mosaic tile hearth and built-in storage, overlooking the rear garden. The bathroom includes a white suite with a low-level WC, bath with a glazed shower screen, and pedestal wash basin.

Outside, the rear garden includes a paved seating area and a lawn, enclosed by fence panels for privacy. A brick-built outbuilding provides additional storage or potential for conversion. This property offers an opportunity to modernise while retaining its period charm.

The Location - Located in the heart of Mickleover, Warner Street benefits from easy access to a range of local amenities. The nearby Mickleover Shopping Precinct offers a Tesco Supermarket, Boots Pharmacy, and Sainsbury’s Local, while dining options include The Binary and Hole in The Wall, known for their welcoming atmosphere and quality food. M&S Food and Java café are also nearby for everyday essentials and coffee breaks.

For those seeking leisure activities, Mickleover Golf Course and Exertion Gym are just a short distance away. Families will also benefit from excellent local schooling options, including Brookfield Primary School. The property boasts superb transport links via the A516 and A38, offering easy access to Derby and the surrounding areas. Mickleover combines the convenience of great connectivity with the tranquility of village living.

Estate Agency Act - In order to comply with the Estate Agency Act 1979, we would like to inform any prospective purchaser that the vendor of the property is an employee of Curran Birds + Co.

Agent Details

Curran Birds + Co, Derby

01332 959030

Next Steps?

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