2 Bed Flat, Single Let, Derby, DE23 3SJ, £125,000

Cloudwood Close, Littleover, Derby, DE23 3SJ - 14 days ago

Leasehold

BTL

ROI: 6%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£80K - £240K
Sold Prices/m²	£1.3K/m² - £3.3K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£130,122£130,122
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£7,450£7,450
Total Cash In	£38,700£38,700

Cash Out
Rent Range	£695 - £1,895£695 - £1,895
Rent Estimate	£750
Running Costs/mo	£561£561
Cashflow/mo	£189£189
Cashflow/yr	£2,273£2,273
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

30 sold prices from £80K to £240K, average is £122.3K. £1.3K/m² to £3.3K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83K	07/22	0.03 mi	52, Cloudwood Close, Littleover, Derby, City Of Derby DE23 3SJ	-	-	2	Flat
£179K	05/21	0.18 mi	Apartment 12, Elm House, Old Hall Avenue, Littleover, Derby, City Of Derby DE23 6EN	-	-	2	Flat
£121K	10/21	0.24 mi	39, Dean Close, Littleover, Derby, City Of Derby DE23 4EF	£2,200	55	2	Flat
£135K	02/23	0.53 mi	59, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£2,213	61	2	Flat
£140K	07/22	0.53 mi	55, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£3,333	42	2	Flat
£115K	05/22	0.53 mi	3, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£1,822	63	2	Flat
£120K	05/22	0.53 mi	53, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£2,353	51	2	Flat
£128K	06/21	0.53 mi	66, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£1,910	67	2	Flat
£138.5K	02/23	0.53 mi	37, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£2,270	61	2	Flat
£117K	04/21	0.53 mi	56, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£2,053	57	2	Flat
£120K	03/23	0.53 mi	70, Badgerdale Way, Littleover, Derby, City Of Derby DE23 3ZA	£2,046	59	2	Flat
£95K	03/21	0.66 mi	21, Stanage Green, Mickleover, Derby, Derbyshire DE3 9DX	£1,743	55	2	Flat
£97K	10/20	0.66 mi	11, Stanage Green, Mickleover, Derby, City Of Derby DE3 9DX	£1,902	51	2	Flat
£122K	11/21	0.71 mi	26, College Green Walk, Mickleover, Derby, City Of Derby DE3 9DW	-	-	2	Flat
£80K	02/23	0.74 mi	1, St Quentin Close, Derby, City Of Derby DE22 3JT	£1,311	61	2	Flat
£125K	01/21	0.75 mi	25, College Green Walk, Mickleover, Derby, City Of Derby DE3 9DW	£1,679	74	2	Flat
£162.5K	04/21	0.8 mi	10, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,083	78	2	Flat
£170K	09/22	0.8 mi	12, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,152	79	2	Flat
£162.5K	07/22	0.8 mi	7, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,462	66	2	Flat
£169K	05/21	0.8 mi	4, Priory Heights Court, Derby, City Of Derby DE23 6AX	-	-	2	Flat
£150K	07/21	0.8 mi	25, Priory Heights Court, Derby, City Of Derby DE23 6AX	£1,829	82	2	Flat
£140.5K	05/21	0.8 mi	15, Priory Heights Court, Derby, City Of Derby DE23 6AX	£1,601	88	2	Flat
£170.5K	09/22	0.81 mi	19, Priory Heights Court, Derby, City Of Derby DE23 6AX	£2,030	84	2	Flat
£95K	03/21	0.81 mi	8, Namur Close, Derby, City Of Derby DE22 3JS	-	-	2	Flat
£100K	11/21	0.83 mi	16, Garden Lodge Close, Derby, City Of Derby DE23 6DD	£1,471	68	2	Flat
£95K	10/21	0.86 mi	11, St Swithins Close, Derby, City Of Derby DE22 3LG	£1,727	55	2	Flat
£110K	03/23	0.86 mi	21, St Swithins Close, Derby, City Of Derby DE22 3LG	£1,509	73	2	Flat
£122.5K	08/21	0.88 mi	23, St Clares Close, Derby, Derbyshire DE22 3JG	£1,725	71	2	Flat
£93K	05/22	0.93 mi	21a, North Avenue, Mickleover, Derby, City Of Derby DE3 9HX	-	-	2	Flat
£240K	03/21	1 mi	10, Nelson Close, Mickleover, Derby, City Of Derby DE3 9LX	-	-	2	Flat

Local Rents

34 rents from £695/mo to £1.9K/mo, average is £895/mo.

Rent	Date	Distance	Address	Beds	Type
£835	03/24	0.09 mi	7 Pineview Gardens, Littleover, Derby	2	Flat
£1,150	03/24	0.2 mi	Elm House, Old Hall Avenue, Littleover, Derby	2	Flat
£1,149	01/25	0.2 mi	-	2	Flat
£1,050	01/25	0.2 mi	-	2	Flat
£895	03/24	0.27 mi	Swanmore Road, Littleover, Derby	2	Flat
£895	04/24	0.39 mi	Burton Road, Derby,	2	Terraced House
£895	04/24	0.39 mi	Burton Road, Derby,	2	Terraced House
£750	02/24	0.45 mi	-	2	Flat
£695	02/24	0.45 mi	-	2	Flat
£750	03/25	0.46 mi	-	2	Flat
£895	03/24	0.51 mi	The Brambles, Heath Avenue, Littleover, Derby	2	Flat
£800	12/24	0.52 mi	The Brambles, Derby, DE23 6DJ	2	Flat
£830	12/24	0.52 mi	Badgerdale Way, Littleover, Derby, Derbyshire	2	Flat
£775	03/24	0.53 mi	Badgerdale Way, Heatherton Village	2	Flat
£775	03/24	0.53 mi	Badgerdale Way, Heatherton Village	2	Flat
£820	03/24	0.53 mi	Badgerdale Way, Heatherton Village, Derby, DE23	2	Flat
£845	03/24	0.53 mi	Badgerdale Way, Derby, DE23 3ZA	2	Flat
£895	04/24	0.53 mi	Badgerdale Way, Heatherton Village, Derby, DE23	2	Flat
£1,150	04/24	0.54 mi	Willson Road, Littleover, Derby	2	Bungalow
£1,895	04/24	0.54 mi	-	2	Flat
£1,395	04/24	0.54 mi	-	2	Flat
£1,395	04/24	0.54 mi	-	2	Flat
£1,495	01/25	0.54 mi	-	2	Flat
£1,295	03/25	0.54 mi	-	2	Flat
£1,895	03/24	0.54 mi	Heatherton Village, Derby, DE23	2	Flat
£850	05/24	0.54 mi	Badgerdale Way, Littleover, Derby, Derbyshire, DE23	2	Flat
£1,250	12/24	0.57 mi	-	2	Flat
£950	01/25	0.57 mi	-	2	Flat
£825	04/24	0.57 mi	Blagreaves Lane, Littleover	2	Bungalow
£825	03/24	0.58 mi	Wade Street, Littleover, Derby	2	Terraced House
£800	03/24	0.58 mi	Wade Avenue, Littleover	2	Detached House
£875	03/24	0.58 mi	Partridge Way, Mickleover, Derby	2	Detached House
£925	03/25	0.61 mi	-	2	Semi-Detached House
£900	04/25	0.62 mi	-	2	Semi-Detached House

Local Area Statistics

Population in DE23	59,97959,979
Population in Derby	308,324308,324
Town centre distance	1.98 miles away1.98 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.89 miles away1.89 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £125,000

March 21, 2025

Floor Plans

Description

Ideal First Time Buy Or Investment +
First Floor +
Newly Fitted Modern Kitchen & Bathroom +
Two Bedrooms +
Gas Central Heating System +
Communal Parking +
No Upward Chain +

IDEAL FIRST TIME BUY OR INVESTMENT

Offered with NO UPWARD CHAIN, this is an excellent opportunity to purchase a well presented first floor apartment situated in the popular location of Littleover and falling within the Littleover Community School Catchment Area. In brief the property comprises: Entrance hall, spacious lounge, refitted kitchen, two bedrooms and refitted bathroom. UPVC double glazing and gas central heating.

An excellent opportunity for first time buyers and those looking for a buy to let investment.

Agent Details

Leaders Sales, Derby

020 3909 9670

Next Steps?

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

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