3 Bed Detached House, Refurb/BRRR, Belper, DE56 2UW, £400,000

Chevin Road, Belper, DE56 2UW - 2 views - a month ago

Refurb/BRRR
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£150K - £580K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£229,358

 

 

End Value (After Refurb)

£400,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£37,747

Bridging Loan Interest

£10,500

Total Cash In

£178,697

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£400,000

Mortgage (After Refinance)

£300,000

Mortgage LTV

75%

Cash Left In

£178,697

Equity

£100,000

Rent Range

£850 - £1,200

Rent Estimate

£969

Running Costs/mo

£1,464

Cashflow/mo

£-495

Cashflow/yr

£-5,938

Gross Yield

3%

Local Sold Prices

50 sold prices from £150K to £580K, average is £282.5K. £1.5K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£285K02/210.49 mi6, Chevin View, Belper, Derbyshire DE56 1BB3
£157K09/210.51 mi39, Chapel Street, Belper, Derbyshire DE56 1AR3
£252K03/230.55 mi20, Leighton Way, Belper, Derbyshire DE56 1SX3
£305K05/230.62 mi19, Derby Road, Belper, Derbyshire DE56 1UU3
£238K05/230.65 mi15, Brookside, Belper, Derbyshire DE56 1UR3
£340K06/230.65 mi74, Long Row, Belper, Derbyshire DE56 1DR3
£295K06/210.66 mi17, Albert Street, Belper, Derbyshire DE56 1DA3
£350K01/230.66 mi14, Albert Street, Belper, Derbyshire DE56 1DA3
£365K02/210.67 mi10, Plains Lane, Blackbrook, Belper, Derbyshire DE56 2DD3
£580K03/230.67 mi14, Plains Lane, Blackbrook, Belper, Derbyshire DE56 2DD3
£320K03/210.67 mi3, Joseph Street, Belper, Derbyshire DE56 1DP3
£288K02/210.67 mi18, George Street, Belper, Derbyshire DE56 1DL3
£304.3K12/200.67 mi11, George Street, Belper, Derbyshire DE56 1DL3
£225K10/200.69 mi32, The Fleet, Belper, Derbyshire DE56 1NU3
£315K06/210.7 mi40, Long Row, Belper, Derbyshire DE56 1DS3
£323.5K12/200.7 mi34, Long Row, Belper, Derbyshire DE56 1DS3
£257.5K04/210.71 mi7, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ3
£185K09/210.73 mi21, Green Lane, Belper, Derbyshire DE56 1BY3
£425K12/200.73 mi32, Lodge Drive, Belper, Derbyshire DE56 2TP3
£335K12/220.74 mi27, Mount Pleasant Drive, Belper, Derbyshire DE56 2TQ3
£234K03/210.75 mi5, Mill View, Belper, Derbyshire DE56 1FE3
£330K01/230.75 mi13, Wren Park Close, Belper, Derbyshire DE56 2TN3
£289.9K05/210.77 mi27, Becksitch Lane, Belper, Derbyshire DE56 1UZ3
£222.5K09/210.82 mi14, Oakhurst Close, Belper, Derbyshire DE56 2TR3
£430K02/210.82 mi11, Belper Lane, Belper, Derbyshire DE56 2UG3
£225K01/230.85 mi12, Edward Street, Belper, Derbyshire DE56 1DZ3
£192.5K01/210.85 mi9, Gorsey Close, Belper, Derbyshire DE56 2TT3
£250K01/210.85 mi13, Gorsey Close, Belper, Derbyshire DE56 2TT3
£365K12/200.86 mi22, The Butts, Belper, Derbyshire DE56 1HX3
£188K08/210.88 mi25, High Street, Belper, Derbyshire DE56 1GF3
£210K06/230.88 mi18, High Street, Belper, Derbyshire DE56 1GF3
£330K06/230.89 mi4, Church View, Belper, Derbyshire DE56 1JB3
£250K04/230.89 mi28, Whitehouse Rise, Belper, Derbyshire DE56 2TW3
£325K05/210.89 mi10, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£350K03/210.89 mi15, Chesterfield Road, Belper, Derbyshire DE56 1FD3
£300K12/220.89 mi6, Church View, Belper, Derbyshire DE56 1JB3
£150K12/200.89 mi8, Birch Vale, Belper, Derbyshire DE56 1BR3
£365K03/230.89 mi63, Belper Lane, Belper, Derbyshire DE56 2UQ3
£232K02/230.9 mi72, Mill Street, Belper, Derbyshire DE56 1DU3
£224.4K12/210.91 mi16, St Johns Road, Belper, Derbyshire DE56 1JE3
£310K07/230.91 mi22, St Johns Road, Belper, Derbyshire DE56 1JE3
£295K09/210.94 mi81, Parkside, Belper, Derbyshire DE56 1HY3
£215K12/220.94 mi1, Eyam Walk, Pinglewick Hamlet, Belper, Derbyshire DE56 1BL3
£200K10/210.94 mi6, Eyam Walk, Belper, Derbyshire DE56 1BL3
£191K11/200.95 mi44, Acorn Drive, Belper, Derbyshire DE56 1EL3
£192.5K10/200.95 mi41, Acorn Drive, Belper, Derbyshire DE56 1EL3
£189K12/220.95 mi36, Chestnut Avenue, Belper, Derbyshire DE56 1LY3
£280K12/200.96 mi99, Belper Lane, Belper, Derbyshire DE56 2UH3
£215K03/230.96 mi1, Nottingham Road, Belper, Derbyshire DE56 1JG3
£177.5K11/200.97 mi74, Chestnut Avenue, Belper, Derbyshire DE56 1LW3

Local Rents

10 rents from £850/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85012/240.72 miQueen Street, Belper3
£1,00012/240.72 miGreen Lane, Belper, Derbyshire, DE563
£95012/240.73 miGreen Lane, Belper, Derby3
£90012/240.84 miChesterfield Road, Belper, Derbyshire, DE563
£1,20001/250.93 mi-3
£1,20012/240.94 miClan Drive, Belper, Derby, DE56 1RB3
£90012/241.02 miAlder Road, BELPER3
£89512/241.06 miWindmill Lane, Belper3
£89512/241.16 miSycamore Croft, Belper3
£90012/241.21 miMarsh Lane, Belper, Derbyshire, DE563

Local Area Statistics

Population in DE56

39,812

Town centre distance

0.91 miles away

Nearest school

0.60 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-13%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £400,000

March 28, 2025

Floor Plans

Description

Offered with vacant possession/ no chain. A structurally detached traditional property situated in a sought after semi rural location, close to Belper. The three bedroom family home has generous rear gardens with workshop and rear access. Viewing is highly recommended.

In need of some modernisation the well proportioned traditional family home comprises an entrance hallway, WC, sitting room to the front enjoying open views, lounge with a log burning stove and patio doors opening onto the generous garden, dining kitchen fitted with integrated appliances and separate utility room. to the first floor there are three bedrooms and a bathroom.

Benefitting from UPVC double glazed windows and doors and gas central heating.

To the front of the property is walled fore garden full of spring flowers with a driveway to the side providing off road parking. The extensive rear garden is laid to lawn with a sunny patio, large workshop and access off Farnah Green.

Situated on the outskirts of Belper, in the sought after Chevin Road. A semi rural location with many countryside walks along the River Derwent and still within easy reach of the town with its busy railway station, excellent schools, shopping, bars, restaurants and leisure facilities. Renowned for its historic Mills character and charm Belper forms part of the heritage corridor to Derby. There ia easy access to Nottingham via major road links ie A38, M1 and A6, which provides the gateway to the stunning Peak District.

Accommodation - A UPVC half glazed entrance door allows access.

Entrance Hallway - There is a radiator, useful under stair store and stairs climb to the first floor

Sitting Room - 3.76m x 3.63m (12'4 x 11'11) - There is a brick built open fire place, radiator, TV aerial point and UPVC double glazed bay window to the front enjoying countryside views.

Living Room - 3.73m x 3.63m (12'3 x 11'11) - There is a brick fireplace with inset multi-fuel burner, radiator and a sliding patio door opens onto the garden.

Dining Kitchen - 5.72m x 2.44m (18'9 x 8') - Appointed with a range of base cupboards, drawers and eye level units with work surface incorporating a stainless steel sink drainer and splash back tiling. Integrated electric oven, electric cooker point, radiator, ceramic tiled flooring and a window to the side, open into dining area with a side entrance door and window overlooking woodland.

Utility Room - 3.00m x 2.59m (9'10 x 8'6 ) - Quarry tiled floor, range of wall and base units, stainless steel sink and drainer, uPVC window to side elevation.

To The First Floor -

Landing - There is a window to the side elevation and access to the part boarded roof void.

Bedroom One - 3.73m x 2.97m (12'3 x 9'9) - Having a uPVC double glazed window to front elevation and radiator.

Bedroom Two - 3.71m x 2.97m (12'2 x 9'9 ) - There is a uPVC window to rear elevation overlooking the generous garden, fitted wardrobe and radiator.

Bedroom Three - 2.36m x 2.26m (7'9 x 7'5 ) - uPVC window to front elevation and radiator.

Bathroom - Appointed with a coloured three piece suite comprising a panelled bath with shower over, wash hand basin and a low flush WC, complementary half tiling, UPVC double glazed window to the rear.

Outside - To the front of the property is a driveway providing off road parking to the side. The well stocked front garden has steps through a rockery to the front door.

Garden - The extensive rear west facing garden is mainly laid to lawn, with a useful outbuilding and store. There is a gravel seating area and a sunny paved courtyard patio. A gate at the top of the garden allows access to Farnah Green Road.

Workshop - 6.12m x 3.20m (20'1 x 10'6 ) - Wooden construction in the rear garden, with phase three electrics, power and light and fitted with a work bench.

Agent Details

Boxall Brown & Jones, Belper

01773 303495

Next Steps?

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