dealsourcr

2 Bed Flat, Single Let, Derby, DE24 1AE, £118,000

Panama Circle, Derby, Derbyshire, DE24 1AE - 17 days ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£83K - £130K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£120,592
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,500

Stamp Duty & Legal Fees

£7,100

Total Cash In

£36,600

 

 

Cash Out

 

Rent Range

£620 - £1,595

Rent Estimate

£750

Running Costs/mo

£539

Cashflow/mo

£211

Cashflow/yr

£2,535

ROI

7%

Gross Yield

8%

Local Sold Prices

29 sold prices from £83K to £130K, average is £110K. £1.2K/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£117K01/230 mi78, Panama Circle, Derby, City Of Derby DE24 1AE2
£130K11/220 mi68, Panama Circle, Derby, City Of Derby DE24 1AE2
£118.5K10/220.01 mi58, Panama Circle, Derby, City Of Derby DE24 1AE2
£105K06/210.01 mi69, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K06/210.01 mi54, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/210.01 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£89.7K03/210.01 mi64, Panama Circle, Derby, City Of Derby DE24 1AE2
£113.5K03/230.01 mi47, Panama Circle, Derby, City Of Derby DE24 1AE2
£100K05/210.01 mi66, Panama Circle, Derby, City Of Derby DE24 1AE2
£110K10/220.01 mi49, Panama Circle, Derby, City Of Derby DE24 1AE2
£112K10/220.06 mi35, Atlantic Way, Derby, City Of Derby DE24 1AB2
£97K03/220.06 mi10, Ocean Court, Derby, City Of Derby DE24 1AN2
£110K02/230.07 mi22, Atlantic Way, Derby, City Of Derby DE24 1AB2
£106K04/210.07 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£122.5K05/230.07 mi6, Atlantic Way, Derby, City Of Derby DE24 1AB2
£111K12/210.07 mi25, Atlantic Way, Derby, City Of Derby DE24 1AB2
£117.5K02/230.07 mi33, Atlantic Way, Derby, City Of Derby DE24 1AB2
£110K11/220.07 mi80, Panama Circle, Derby, City Of Derby DE24 1AE2
£108K11/200.07 mi28, Pacific Way, Derby, City Of Derby DE24 1AA2
£107.5K11/200.07 mi22, Pacific Way, Derby, City Of Derby DE24 1AA2
£112K06/220.07 mi17, Atlantic Way, Derby, City Of Derby DE24 1AB2
£90K09/210.1 mi40, Magellan Way, Derby, City Of Derby DE24 1AD2
£114K08/220.1 mi42, Magellan Way, Derby, City Of Derby DE24 1AD2
£97K07/210.12 mi54, Coral Close, Derby, City Of Derby DE24 1AP2
£120K08/220.12 mi64, Coral Close, Derby, City Of Derby DE24 1AP2
£117K01/230.12 mi32, Coral Close, Derby, City Of Derby DE24 1AP2
£103K01/210.12 mi16, Coral Close, Derby, City Of Derby DE24 1AP2
£83K05/210.84 mi22, Ashwood Close, Derby, City Of Derby DE24 8XW2
£93K07/221 mi33, Waterford Drive, Chaddesden, Derby, City Of Derby DE21 6TN2

Local Rents

42 rents from £620/mo to £1.6K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£79512/240.02 miPanama Circle, City Point, Derby2
£80012/240.04 miPacific Way, City Point, Derby2
£89512/240.04 miPanama Circle, Derby2
£1,59501/240.06 mi-2
£79512/240.07 miAtlantic Way, Pride Park2
£77512/240.07 miAtlantic Way2
£82512/240.07 miAtlantic Way, DERBY2
£75012/240.07 miAtlantic Way, Derby, DE242
£82512/240.08 miPacific Way, Derby, Derbyshire, DE24 1AA2
£82504/240.09 mi-2
£82512/240.09 miPacific Way, Derby, DE242
£85012/240.1 miMagellan Way, DERBY2
£1,39912/240.12 mi-2
£1,39901/250.12 mi-2
£1,35003/250.12 mi-2
£80012/240.14 miCape Court, Derby2
£75001/250.18 mi-2
£82504/240.19 mi-2
£82512/240.19 miHarrow Street, Derby, DE242
£85002/250.24 mi-2
£90012/240.28 miWarwick Street, Derby, Derbyshire, DE242
£82503/240.3 mi-2
£75012/240.32 miBeverley Street, Derby, DE242
£75002/240.32 mi-2
£85001/240.33 mi-2
£69512/240.33 miLondon Road, Wilmorton2
£82512/240.34 miBeverley Street, Derby, Derbyshire2
£80001/250.34 mi-2
£62012/240.34 mi-2
£80012/240.34 miChambers Street, Derby, Derbyshire, DE242
£80012/240.34 miBeverley Street, Wilmorton2
£75012/240.35 miChambers Street, Alvaston, Derby2
£85012/240.38 miEllesmere Avenue, Derby, DE24 8WD2
£75012/240.41 miBrighton Road, Alvaston, Derby2
£77512/240.47 miAllestree Street, Alvaston2
£80012/240.47 mi-2
£75012/240.47 mi-2
£90011/240.48 mi-2
£79512/240.49 miBeatty Street, Alvaston2
£80012/240.49 miBurnaby Street, Alvaston2
£90012/240.5 mi-2
£80001/250.5 mi-2

Links

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.34 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £118,000

March 18, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • En Suite Shower Room +
  • Ground Floor +
  • Allocated Parking +
  • Council Tax Band: B +
  • Ideal Investment +
  • No upward chain +

IDEAL FIRST TIME BUY OR INVESTMENT Situated within a popular and conveniently located modern development is this well presented two double bedroom ground floor apartment. In brief the property comprises of entrance hallway, lounge, kitchen, master bedroom with an en suite shower room, a second double and bathroom including a white three piece suite. Externally there is an allocated parking space.
Viewings are highly recommended to truly appreciate the accommodation on offer!

Agent Details

Leaders Sales, Derby Borrowash

01332 529794

Next Steps?

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

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