2 Bed Flat, Single Let, Derby, DE1 1NU, £100,000

Friar Gate, Derby, Derbyshire, DE1 1NU - 1 views - a month ago

Leasehold

BTL

ROI: 13%

~66 m²

+2 photos

ValuationUndervalued

Sold Prices	£30K - £162.5K
Sold Prices/m²	£545/m² - £2.4K/m²

Square Metres	~66.40 m²
Price/m²	£1.5K/m²
Value Estimate	£114,403£114,403
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Total Cash In	£31,200£31,200

Cash Out
Rent Range	£498 - £2,600£498 - £2,600
Rent Estimate	£850
Running Costs/mo	£503£503
Cashflow/mo	£348£348
Cashflow/yr	£4,170£4,170
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

43 sold prices from £30K to £162.5K, average is £111K. £545/m² to £2.4K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£140K	03/23	0.07 mi	First Floor Flat, 3, Friary Street, Derby, City Of Derby DE1 1JF	-	-	2	Flat
£48K	09/21	0.23 mi	Flat 27, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£85K	06/21	0.23 mi	Flat 5, Great Northern Point, Great Northern Road, Derby, City Of Derby DE1 1LZ	-	-	2	Flat
£127.5K	07/21	0.25 mi	Apartment 2, Westpoint, Brook Street, Derby, City Of Derby DE1 3TE	-	-	2	Flat
£42.5K	09/22	0.27 mi	Flat 5, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£111K	07/22	0.27 mi	Flat 41, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	-	-	2	Flat
£143K	12/22	0.27 mi	100, Bridge Street, Derby, City Of Derby DE1 3LF	£1,663	86	2	Flat
£38K	04/23	0.28 mi	Flat 31, Alexandra Mill, Great Northern Road, Derby, City Of Derby DE1 1LW	£679	56	2	Flat
£85K	10/21	0.35 mi	12, Nuns Street, Derby, City Of Derby DE1 3LL	£1,169	73	2	Flat
£90K	07/22	0.37 mi	Flat 14, Swinscoe House, Rosengrave Street, Derby, City Of Derby DE1 1PS	-	-	2	Flat
£42K	11/22	0.41 mi	Flat 33, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX	-	-	2	Flat
£60K	12/20	0.41 mi	Flat 32, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX	-	-	2	Flat
£37K	02/21	0.41 mi	Flat 35, Eaton Court, Leaper Street, Derby, City Of Derby DE1 3NX	-	-	2	Flat
£78.5K	08/21	0.42 mi	94, Gerard Street, Derby, City Of Derby DE1 1PH	-	-	2	Flat
£87.5K	11/20	0.42 mi	114, Gerard Street, Derby, City Of Derby DE1 1PH	£1,411	62	2	Flat
£136K	06/21	0.47 mi	103, Parliament Street, Derby, City Of Derby DE22 3RL	£1,563	87	2	Flat
£114K	01/23	0.5 mi	Apartment 1, Waterside House, Duke Street, Derby, City Of Derby DE1 3BA	-	-	2	Flat
£61.5K	03/21	0.51 mi	Flat 112, Rivermead House, Bath Street, Derby, City Of Derby DE1 3BT	-	-	2	Flat
£127.5K	11/20	0.53 mi	22, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£116K	05/21	0.53 mi	27, City Walk, Derby, City Of Derby DE1 3QD	-	-	2	Flat
£124K	03/21	0.55 mi	53, Farm Street, Derby, City Of Derby DE22 3UJ	-	-	2	Flat
£130K	08/21	0.72 mi	4, Salisbury Street, Derby, City Of Derby DE23 6SL	-	-	2	Flat
£92.5K	08/21	0.73 mi	3, Jackdaw Close, Derby, City Of Derby DE22 3SY	£1,705	54	2	Flat
£135K	09/22	0.77 mi	34, Kniveton Close, Derby, City Of Derby DE22 3BB	£2,368	57	2	Flat
£109K	10/22	0.78 mi	Flat 52, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR	-	-	2	Flat
£94K	08/21	0.78 mi	Flat 6, Mill Point, Rowditch Place, Derby, City Of Derby DE22 3LR	-	-	2	Flat
£155K	03/23	0.85 mi	Flat 9, Nightingale Mews, Calvert Street, Derby, City Of Derby DE1 2RT	-	-	2	Flat
£162.5K	04/21	0.87 mi	Apartment 13, Wheeldon Manor, Wheeldon Avenue, Derby, City Of Derby DE22 1HY	-	-	2	Flat
£135K	08/22	0.9 mi	41, Auriga Court, Derby, City Of Derby DE1 3RH	-	-	2	Flat
£90K	01/23	0.93 mi	124, Northumberland Street, Derby, City Of Derby DE23 6UA	£1,169	77	2	Flat
£125K	12/20	0.94 mi	98b, St Chads Road, Derby, City Of Derby DE23 6RP	£2,358	53	2	Flat
£124.5K	06/23	0.94 mi	23, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,804	69	2	Flat
£109K	03/22	0.94 mi	15, Magnus Court, Derby, City Of Derby DE21 4TQ	£2,019	54	2	Flat
£138K	01/23	0.94 mi	33, Magnus Court, Derby, City Of Derby DE21 4TQ	£2,344	59	2	Flat
£121.3K	01/22	0.95 mi	11, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,837	66	2	Flat
£117K	08/21	0.95 mi	37, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,828	64	2	Flat
£109.5K	03/21	0.95 mi	23, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,587	69	2	Flat
£117.5K	05/22	0.95 mi	41, Magnus Court, Derby, City Of Derby DE21 4TQ	-	-	2	Flat
£117K	08/21	0.95 mi	37, Magnus Court, Derby, City Of Derby DE21 4TQ	£1,828	64	2	Flat
£125K	07/22	0.95 mi	31, Magnus Court, Derby, City Of Derby DE21 4TQ	-	-	2	Flat
£92K	11/21	0.96 mi	19, Bloomfield Close, Derby, City Of Derby DE1 2FY	-	-	2	Flat
£30K	02/21	0.98 mi	80, Magnus Court, Derby, City Of Derby DE21 4TR	£545	55	2	Flat
£30K	02/22	0.98 mi	80, Magnus Court, Derby, City Of Derby DE21 4TR	£545	55	2	Flat

Local Rents

51 rents from £498/mo to £2.6K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£950	03/24	0.02 mi	Norman House, Derby	2	Flat
£498	03/24	0.02 mi	Student Property 24-25	2	Flat
£1,100	03/24	0.03 mi	Burleigh Mews, Friar Gate, Derby DE1 1EX	2	Flat
£850	12/24	0.04 mi	-	2	Flat
£850	12/24	0.04 mi	-	2	Flat
£850	02/25	0.04 mi	-	2	Flat
£850	04/25	0.04 mi	-	2	Flat
£850	04/25	0.04 mi	-	2	Flat
£895	04/25	0.05 mi	-	2	Flat
£895	03/24	0.06 mi	Burleigh Mews, Stafford Street, Derby, Derbyshire, DE1 1JG	2	Flat
£2,600	05/24	0.06 mi	-	2	Flat
£2,400	12/24	0.06 mi	-	2	Flat
£2,600	03/25	0.06 mi	-	2	Flat
£895	03/24	0.07 mi	Burleigh Mews, Stafford Street, Derby, DE1 1JG	2	Flat
£2,000	04/25	0.07 mi	-	2	Flat
£2,000	04/25	0.07 mi	-	2	Flat
£2,000	04/25	0.07 mi	-	2	Flat
£2,000	04/25	0.07 mi	-	2	Flat
£1,300	01/25	0.09 mi	-	2	Flat
£2,500	12/24	0.09 mi	-	2	Flat
£1,300	12/24	0.09 mi	-	2	Flat
£1,200	01/25	0.09 mi	-	2	Flat
£2,000	02/25	0.1 mi	-	2	Flat
£1,300	12/24	0.1 mi	-	2	Flat
£800	03/24	0.11 mi	Cavendish Court, Derby, DE1 1UB	2	Flat
£1,400	03/24	0.14 mi	Bramble Street, Derby	2	Flat
£1,495	03/24	0.14 mi	Bramble Street	2	Flat
£1,400	05/24	0.14 mi	Bramble Street, Derby	2	Flat
£1,495	05/24	0.14 mi	Bramble Street	2	Flat
£1,250	03/24	0.15 mi	St. Marys Gate, Derby, Derbyshire, DE1	2	Flat
£1,100	03/24	0.15 mi	St Marys Gate, Derby	2	Flat
£1,200	03/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,000	03/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,250	03/24	0.15 mi	Middleton House, 27 St. Marys Gate, DE1 3JR	2	Flat
£1,250	03/24	0.15 mi	Middleton House, St Marys Gate	2	Flat
£1,250	03/24	0.15 mi	Middleton House, 27 St. Marys Gate, DE1 3JR	2	Flat
£1,500	03/24	0.15 mi	Middleton House, 27 St. Marys Gate, DE1 3JR	2	Flat
£1,250	03/24	0.15 mi	Middleton House, 27 St. Marys Gate, DE1 3JR	2	Flat
£1,600	03/24	0.15 mi	Middleton House, 27 St. Marys Gate, DE1 3JR	2	Flat
£1,100	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,100	03/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,100	03/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,100	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,150	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,150	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,150	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,500	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,100	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,200	04/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,250	05/24	0.15 mi	St. Marys Gate, DERBY	2	Flat
£1,000	03/24	0.15 mi	St. Marys Gate, DERBY	2	Flat

Local Area Statistics

Population in DE1	14,04614,046
Population in Derby	308,324308,324
Town centre distance	0.66 miles away0.66 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.96 miles away0.96 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £100,000

March 18, 2025

Floor Plans

Description

Two Bedroom Apartment +
City centre location +
First time buy or investment +
Ensuite Shower Room +
No Upward Chain +
Must Be Viewed +

A well-appointed second-floor apartment is currently available for sale in the desirable Friar Gate area of the city. This elegant property features a secure communal entrance with accessible lift service to the first floor.

Upon entry, one is welcomed by a spacious hallway that leads to a bright and open living space, which seamlessly transitions into a modern, fully equipped kitchen. The apartment comprises two generously sized double bedrooms, one of which includes an en-suite bathroom, in addition to a further principal bathroom.

This property presents an excellent opportunity for first-time buyers and discerning investors seeking to own a prestigious urban residence. An early viewing is strongly advised to fully appreciate the charm and sophistication of this exceptional apartment.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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