3 Bed Semi-Detached House, Single Let, Derby, DE24 9BS, £75,000

Bingham Street, Allenton, DE24 9BS - 8 days ago

Auction
BTL
ROI: 22%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£60K - £220K
Sold Prices/m²£732/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£91,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£800 - £3,000

Rent Estimate

£850

Running Costs/mo

£424

Cashflow/mo

£426

Cashflow/yr

£5,108

ROI

22%

Gross Yield

14%

Local Sold Prices

50 sold prices from £60K to £220K, average is £163.4K. £732/m² to £2.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£160K08/210.07 mi74, Uppermoor Road, Allenton, Derby, City Of Derby DE24 9BY3
£160K12/200.12 mi13, Jubalton Close, Allenton, Derby, City Of Derby DE24 9BN3
£163K01/230.14 mi23, Harrington Street, Allenton, Derby, City Of Derby DE24 9DB3
£125K11/200.14 mi30, Hutton Street, Allenton, Derby, City Of Derby DE24 8LA3
£190K06/210.16 mi47, Friary Avenue, Allenton, Derby, City Of Derby DE24 9DD3
£132K11/200.16 mi12, Friary Avenue, Allenton, Derby, City Of Derby DE24 9DD3
£142K02/230.18 mi15, Flint Street, Allenton, Derby, City Of Derby DE24 9BH3
£166.5K02/230.2 mi1, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LT3
£130K02/210.2 mi41, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LU3
£127K05/210.2 mi46, Wilkins Drive, Allenton, Derby, City Of Derby DE24 8LU3
£170K02/230.21 mi26, Carter Street, Allenton, Derby, City Of Derby DE24 9BA3
£171K07/230.27 mi17, Peveril Street, Derby, City Of Derby DE24 8DG3
£160K07/230.27 mi46, Bemrose Road, Allenton, Derby, City Of Derby DE24 8LQ3
£137K08/210.29 mi26, Coleman Street, Derby, City Of Derby DE24 8NH3
£60K06/230.3 mi368, Osmaston Park Road, Derby, City Of Derby DE24 8FB3
£137K12/200.3 mi344, Osmaston Park Road, Derby, City Of Derby DE24 8FB3
£153K05/210.3 mi40, Excelsior Avenue, Alvaston, Derby, City Of Derby DE24 0AE3
£220K12/220.32 mi105, Chellaston Road, Derby, City Of Derby DE24 9AF3
£168K04/230.32 mi1, Collis Close, Allenton, Derby, City Of Derby DE24 8LN3
£126K11/200.32 mi51, Brigden Avenue, Allenton, Derby, City Of Derby DE24 8LJ3
£192K08/210.33 mi22, Holtlands Drive, Alvaston, Derby, City Of Derby DE24 0AR3
£167.5K06/210.34 mi5, Whinbush Avenue, Allenton, Derby, City Of Derby DE24 9DQ3
£163.8K12/200.34 mi21, Whinbush Avenue, Allenton, Derby, Derbyshire DE24 9DQ3
£212K03/230.35 mi12, Whinbush Avenue, Allenton, Derby, City Of Derby DE24 9DP3
£190K03/210.35 mi49, Holtlands Drive, Alvaston, Derby, City Of Derby DE24 0AS3
£177K02/230.35 mi3, Sinfin Fields Crescent, Allenton, Derby, City Of Derby DE24 9AL3
£100K05/230.35 mi118, Lord Street, Allenton, Derby, City Of Derby DE24 9AU3
£167.6K04/230.35 mi140, Lord Street, Allenton, Derby, City Of Derby DE24 9AU3
£215K07/230.38 mi65, Westgreen Avenue, Allenton, Derby, City Of Derby DE24 9AQ3
£130K06/210.38 mi30, Matthew Street, Alvaston, Derby, City Of Derby DE24 0ER3
£179K12/200.39 mi26, Merrill Way, Allenton, Derby, City Of Derby DE24 9AJ3
£187K05/230.4 mi1, Neilson Street, Alvaston, Derby, City Of Derby DE24 0ET3
£182.5K02/230.4 mi27, Matthew Street, Alvaston, Derby, City Of Derby DE24 0ES3
£185K02/210.41 mi29, Arlington Drive, Alvaston, Derby, City Of Derby DE24 0AW3
£155K09/210.43 mi84, Brackens Lane, Alvaston, Derby, City Of Derby DE24 0AP3
£168.5K01/210.44 mi16, Brackens Avenue, Alvaston, Derby, Derbyshire DE24 0BE3
£161K05/210.44 mi33, Anthony Drive, Alvaston, Derby, City Of Derby DE24 0FZ3
£131K11/200.44 mi9, Anthony Drive, Alvaston, Derby, City Of Derby DE24 0FZ3
£193K10/200.46 mi2, Sutton Drive, Shelton Lock, Derby, City Of Derby DE24 9FS3
£152K11/200.46 mi19, Sutton Drive, Shelton Lock, Derby, City Of Derby DE24 9FS3
£187.5K02/210.46 mi15, Sutton Drive, Shelton Lock, Derby, City Of Derby DE24 9FS3
£121K03/210.46 mi129, Merrill Way, Allenton, Derby, City Of Derby DE24 9JN3
£130K05/230.47 mi28, Addison Road, Derby, City Of Derby DE24 8FG3
£191K11/210.48 mi226, Boulton Lane, Derby, City Of Derby DE24 0BA3
£216K12/220.48 mi208, Boulton Lane, Derby, City Of Derby DE24 0BA3
£140K03/210.48 mi363, Boulton Lane, Derby, City Of Derby DE24 9FT3
£205K07/230.5 mi24, Holloway Road, Alvaston, Derby, City Of Derby DE24 0FN3
£210K11/210.5 mi2, Tayberry Close, Alvaston, Derby, City Of Derby DE24 8YS3
£160K12/200.51 mi16, Anthony Crescent, Alvaston, Derby, City Of Derby DE24 0GA3
£115.8K07/210.51 mi20, Aycliffe Gardens, Alvaston, Derby, City Of Derby DE24 0BX3

Local Rents

37 rents from £800/mo to £3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.35 miHoltlands Drive, Alvaston, Derby3
£80012/240.38 mi-3
£1,05002/250.39 mi-3
£1,20012/240.55 miMoor Lane, Allenton, Derby3
£2,20004/240.58 mi-3
£2,50003/250.58 mi-3
£1,10003/250.59 mi-3
£1,00012/240.59 mi-3
£85012/240.6 miRockhouse Road, Alvaston, Derby, Derbyshire3
£1,10012/240.67 miWynton Avenue, Alvaston, DERBY3
£92502/240.69 mi-3
£1,00012/240.72 miWroxham Close, Shelton Lock, DERBY3
£1,00001/240.73 mi-3
£1,00001/240.73 mi-3
£1,25003/250.76 mi-3
£99512/240.81 miWarren Street, Alvaston3
£85012/240.84 miChambers Street, Derby3
£1,05003/250.85 mi-3
£1,15002/250.85 mi-3
£85003/250.85 mi-3
£89512/240.86 miMoor Drive, Alvaston, Derby, Derbyshire3
£80012/240.89 mi-3
£92512/240.89 miHaig Street, Derby, Derbyshire, DE24 8RH3
£3,00001/250.91 mi-3
£90012/240.95 miGrosvenor Street, Derby, Derbyshire3
£99512/241.03 miRaynesway, Alvaston, Derby, DE243
£95012/241.09 miMagellan Way, Derby3
£1,09503/251.17 mi-3
£1,10003/251.17 mi-3
£95001/241.18 mi-3
£1,25004/241.19 miAstorville Park Road, Chellaston, DERBY3
£1,25004/241.19 miAstorville Park Road, Chellaston, Derby, Derbyshire, DE73 6XW3
£1,25004/241.19 miAstorville Park Road, Chellaston, Derby, Derbyshire3
£1,25004/241.19 miAstorville Park Road, Chellaston, Derby, Derbyshire3
£99512/241.21 mi-3
£87512/241.23 mi-3
£87501/251.24 mi-3

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.99 miles away

Nearest school

0.20 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £75,000

March 25, 2025

Floor Plans

Description

  • Auction Date 24th April 2025 +
  • Three Bedroom, Semi-Detached +
  • Non-Standard Construction +
  • EPC Rating TBC +
  • Council Tax Band A +
  • Freehold +
  • 8 Week Completion +

In Partnership With SDL Auctions Auction Date 24th April 2025. This three bedroom semi detached property is located on a fantastic corner plot and is within walking distance of Allenton shops and amenities and benefiting from ample driving parking, a modern kitchen and gas central heating.

The accommodation in brief comprises: Spacious lounge, modern fitted kitchen, two storage cupboards and a rear lobby leading through to a downstairs W.C and the back door. To the first floor are three good sized bedrooms and the family bathroom. To the front of the property is a substantial front garden and driveway providing off road parking whilst to the rear is a good size garden with a shed and side access.

Bingham Street lies convenient for local amenities including shops and schools together with good road links with the A50, A52, access for East Midlands Airport and the M1 motorway.

Please note that this property is of non standard construction.

Tenure:
Freehold. Vacant possession upon completion.

Heating Supply: Gas Central
Parking Arrangements
Driveway

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.

Agent Details

Hannells Estate Agents, Alvaston

01332 215518

Next Steps?

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