5 Bed HMO, Belper, DE56 1GE, £180,000





ValuationUndervalued
Sold Prices | £284.9K - £1.8M |
Sold Prices/m² | £2.5K/m² - £10.6K/m² |
| |
Square Metres | 128 m² |
Price/m² | £1.4K/m² |
Value Estimate | £225,000£225,000 |
BMV | 25% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £45,000£45,000 |
Stamp Duty & Legal Fees | £11,300£11,300 |
Total Cash In | £56,300£56,300 |
| |
Cash Out | |
Room Rate | £516£516 |
Gross Rent | £2,580£2,580 |
Running Costs/mo | £1,546£1,546 |
Cashflow/mo | £1,034£1,034 |
Cashflow/yr | £12,404£12,404 |
ROI | 22%22% |
Gross Yield | 17%17% |
Local Sold Prices
27 sold prices from £284.9K to £1.8M, average is £580K. £2.5K/m² to £10.6K/m², average is £3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£415K | 05/21 | 0.45 mi | 44, Marsh Lane, Belper, Derbyshire DE56 1GS | £2,730 | 152 | 5 | Detached House | |
£485K | 06/23 | 0.93 mi | 71, Edensor Drive, Belper, Derbyshire DE56 1TL | - | - | 5 | Detached House | |
£580K | 03/21 | 1.05 mi | 173a, Far Laund, Belper, Derbyshire DE56 1FP | - | - | 5 | Detached House | |
£745K | 04/21 | 1.17 mi | 45, Kilburn Lane, Belper, Derbyshire DE56 0SF | £2,945 | 253 | 5 | Semi-Detached House | |
£284.9K | 02/21 | 1.21 mi | 5, Hillcrest, Belper, Derbyshire DE56 0JF | £2,704 | 105 | 5 | Semi-Detached House | |
£290K | 03/23 | 1.21 mi | 1, Hillcrest, Belper, Derbyshire DE56 0JF | - | - | 5 | Terraced House | |
£375K | 04/21 | 1.37 mi | 7, Grangewood Drive, Milford, Belper, Derbyshire DE56 0RW | £3,780 | 99 | 5 | Detached House | |
£590K | 05/23 | 1.4 mi | 356, Over Lane, Belper, Derbyshire DE56 0HJ | £3,376 | 175 | 5 | Detached House | |
£1.2M | 12/22 | 1.93 mi | Hydra, St Michaels Close, Holbrook, Belper, Derbyshire DE56 0SB | £5,333 | 225 | 5 | Detached House | |
£312K | 01/21 | 2.17 mi | 19a, The Croft, Heage, Belper, Derbyshire DE56 2BQ | £2,889 | 108 | 5 | Detached House | |
£390K | 12/22 | 2.29 mi | 19, Sapphire Drive, Ripley, Derbyshire DE5 8NL | - | - | 5 | Detached House | |
£287K | 05/21 | 2.29 mi | 20, Sapphire Drive, Ripley, Derbyshire DE5 8NL | £2,540 | 113 | 5 | Detached House | |
£530K | 12/20 | 2.4 mi | 17, Milford Road, Duffield, Belper, Derbyshire DE56 4EL | £2,573 | 206 | 5 | Terraced House | |
£580K | 12/20 | 2.46 mi | 5, Moulbourn Drive, Duffield, Belper, Derbyshire DE56 4HR | £2,762 | 210 | 5 | Detached House | |
£670K | 03/21 | 2.48 mi | 23, Ecclesbourne Meadows, Duffield, Belper, Derbyshire DE56 4HH | £3,508 | 191 | 5 | Detached House | |
£667K | 09/21 | 2.59 mi | Wayside Cottage, Duffield Bank, Duffield, Belper, Derbyshire DE56 4BG | £3,161 | 211 | 5 | Detached House | |
£469.9K | 02/21 | 2.7 mi | 55, Park Road, Duffield, Belper, Derbyshire DE56 4GR | - | - | 5 | Semi-Detached House | |
£490K | 02/23 | 2.7 mi | 20, Old Hall Avenue, Duffield, Belper, Derbyshire DE56 4GN | - | - | 5 | Semi-Detached House | |
£650K | 11/20 | 2.73 mi | Ivy Oaks, Horsley Lane, Coxbench, Derby, Derbyshire DE21 5BH | £2,915 | 223 | 5 | Detached House | |
£332.5K | 06/23 | 2.74 mi | 153, Main Street, Horsley Woodhouse, Ilkeston, Derbyshire DE7 6AX | - | - | 5 | Terraced House | |
£600K | 12/22 | 2.81 mi | Nuella, Golden Valley, Horsley Woodhouse, Ilkeston, Derbyshire DE7 6BA | £2,510 | 239 | 5 | Detached House | |
£900K | 01/23 | 2.82 mi | 87, Wirksworth Road, Duffield, Belper, Derbyshire DE56 4GY | £10,588 | 85 | 5 | Detached House | |
£710K | 07/23 | 2.86 mi | 12, Oak Close, Duffield, Belper, Derbyshire DE56 4HF | £5,588 | 127 | 5 | Detached House | |
£1.8M | 11/20 | 2.89 mi | Broom Park, Wirksworth Road, Duffield, Belper, Derbyshire DE56 4AR | £3,786 | 482 | 5 | Detached House | |
£495K | 06/21 | 2.94 mi | 31, Gilbert Crescent, Duffield, Belper, Derbyshire DE56 4FW | £2,964 | 167 | 5 | Detached House | |
£585K | 06/21 | 2.95 mi | 7, Cumberhills Road, Duffield, Belper, Derbyshire DE56 4HA | - | - | 5 | Semi-Detached House | |
£595K | 09/21 | 2.96 mi | 24, Chestnut Close, Duffield, Belper, Derbyshire DE56 4HD | - | - | 5 | Detached House |
Local Area Statistics
Population in DE56 | 39,81239,812 |
Town centre distance | 0.24 miles away0.24 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 0.25 miles away0.25 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -13%-13% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +28%+28% |
Property History
Listed for £180,000
March 17, 2025
Description
- Auction: 24.04.2025 09:00 +
- Council Tax Band: B +
- Imposing Grade II Listed five bedroomed Georgian town house +
- Situated within literally yards of the town centre +
- Accommodation arranged over three floors with two fitted bathrooms +
- Fitted dining kitchen and two reception rooms (lounge on first floor) +
- Potential house share/HMO subject to planning +
- Double timber gates with cobbled driveway and enclosed courtyard +
- Offered for sale with immediate vacant possession +
- EPC Rating: E +
For sale on 24 April 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.
Situated within literally yards of the town centre, is an imposing and attractive Grade II Listed five bedroomed Georgian town house with accommodation arranged over three floors. This property has been used as a family home for many years and continues to be attractive accommodation for a couple or family and which may also have potential to be a house share/HMO style property subject to planning and building regulations.
Constructed of traditional brick and stone with timber framed windows, the well appointed character accommodation has the benefit of being gas centrally heated and in brief comprises of entrance lobby with stairs, fitted dining kitchen with range style cooker set within the chimney breast, separate dining room incorporating a utility area and French doors leading out onto the courtyard. To the first floor there is a delightful sitting room with feature fireplace and stairs, two bedrooms and family bathroom with three piece suite in white. To the second floor landing there are three bedrooms and shower room.
Outside there are double timber gates with cobbled driveway leading to an enclosed courtyard with seating area and adjoining outbuilding.
The historic market town of Belper is located at the heart of the Derwent Valley Mills World Heritage Site. Belper is well known for the iconic East Mill nestling alongside the beautiful river gardens close to the bustling, award wining town centre, where there is an abundance of independent shops, public houses/restaurants and leisure facilities. There is also a train station and the A6 is the main arterial road through the heart of Belper providing swift access onto the city of Derby located some 8 miles to the south. Nearby attractions include the famous Chatsworth House and the charming spa town of Matlock surrounded by some delightful rolling Derbyshire countryside.
The sale provides a genuine opportunity for a discerning purchaser looking to acquire a very sensibly priced starter/family home, located within an established and popular residential location.
Entrance lobby with stairs 3ft 4 x 3ft 1
Appealing dining kitchen 12ft 4 x 11ft 7
Dining room incorporating a utility area 14ft 6 into chimney recess x 12ft 1
First floor landing 6ft 7 x 3ft 4 max
Lounge with stairs 15ft 1 into chimney recess x 12ft 3
Bedroom 12ft 4 into chimney recess x 11ft 8
Bedroom 9ft x 7ft 9
Family bathroom L-shaped 7ft 5 x 8ft
Second floor landing 6ft 4 x 3ft 5
Principle bedroom 15ft 3 into chimney recess x 11ft 5
Bedroom 12ft 1 into chimney recess x 11ft 9
Bedroom 10ft 9 x 8ft 5
Shower room L-shaped 6ft 3 x 7ft 4
Conservation Area We have been made aware this property is in the Belper and Milford conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Please Note We are informed that there is a long-standing/historical structural defect to the rear of the property. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Overage on part of yard to rear Prospective buyers are referred to the Overage Agreement which will be included in the legal pack, and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Flood Risk Rivers and Seas - Very low. Surface Water - Very low.
Building Construction Solid brick, as built, no insulation (assumed) - Information taken from EPC.
Satellite and Cable TV Availability Sky and BT show as available in this location.
Mobile Signal EE, O2, Vodaphone and Three show as available in this location.
Broadband (estimated speeds) Standard 17 mbps, Superfast 169 mbps and Ultrafast 1000 mbps show as available in this location
Tenure: Freehold
EPC Rating: E
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 and 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 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.