Potential 4-Bed HMO, Derby, DE1 2GF, £180,000

Melbourne Street, Derby, Derbyshire, DE1 2GF - 4 views - 9 days ago

HMO
ROI: 13%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£77.5K - £250K
Sold Prices/m²£879/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£139,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Room Rate

£503

Gross Rent

£2,012

Running Costs/mo

£1,421

Cashflow/mo

£591

Cashflow/yr

£7,087

ROI

13%

Gross Yield

13%

Local Sold Prices

50 sold prices from £77.5K to £250K, average is £135K. £879/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£220K08/220.2 mi16, Lime Avenue, Derby, City Of Derby DE1 1TU3
£195K12/200.2 mi20, Lime Avenue, Derby, City Of Derby DE1 1TU3
£130K06/230.2 mi7, Renals Street, Derby, City Of Derby DE23 6SJ3
£160K06/210.23 mi138, Burton Road, Derby, City Of Derby DE1 1TN3
£165K06/210.23 mi12, Salisbury Street, Derby, Derbyshire DE23 6SL3
£160K12/220.27 mi151, Gerard Street, Derby, City Of Derby DE1 1PE3
£95K12/200.34 mi18, Chestnut Avenue, Derby, City Of Derby DE23 6WG3
£110K02/210.37 mi11, Society Place, Derby, Derbyshire DE23 6UH3
£115K03/210.38 mi28, Holmes Street, Derby, City Of Derby DE23 8GH3
£135K10/220.39 mi38, Crompton Street, Derby, City Of Derby DE1 1NX3
£123K12/200.4 mi14, Sun Street, Derby, City Of Derby DE22 3UL3
£150K11/220.42 mi39, Howard Street, Derby, City Of Derby DE23 6TX3
£115K05/210.43 mi12, Spring Street, Derby, City Of Derby DE22 3UF3
£250K02/230.43 mi96, Empress Road, Derby, City Of Derby DE23 6TE3
£157K08/210.45 mi36, St Chads Road, Derby, Derbyshire DE23 6RR3
£108.5K09/210.48 mi41, May Street, Derby, City Of Derby DE22 3UQ3
£123.5K03/230.48 mi84, Northumberland Street, Derby, City Of Derby DE23 6UA3
£132K01/210.49 mi28, May Street, Derby, City Of Derby DE22 3UP3
£130K12/200.49 mi39, King Alfred Street, Derby, City Of Derby DE22 3QL3
£151K02/230.5 mi164, Woods Lane, Derby, City Of Derby DE22 3UE3
£150K10/210.5 mi41, Byron Street, Derby, City Of Derby DE23 6TU3
£156.8K05/230.51 mi36, Sale Street, Derby, City Of Derby DE23 8GD3
£134.9K01/230.51 mi23, Wolfa Street, Derby, City Of Derby DE22 3SE3
£134K05/230.51 mi127, Grange Street, Derby, City Of Derby DE23 8HD3
£102K12/220.51 mi27, Church Street, Derby, City Of Derby DE23 6QT3
£242.5K12/220.52 mi12, Railway Terrace, Derby, City Of Derby DE1 2RU3
£145K09/210.53 mi16, Crown Street, Derby, City Of Derby DE22 3UR3
£225K06/210.53 mi4, Railway Terrace, Derby, City Of Derby DE1 2RU3
£215K09/210.53 mi50, Stonehill Road, Derby, Derbyshire DE23 6TJ3
£117K10/200.54 mi29, Forman Street, Derby, City Of Derby DE1 1JQ3
£155K03/230.54 mi19, Drewry Lane, Derby, City Of Derby DE22 3QS3
£160K05/230.55 mi20, Sherwood Street, Derby, City Of Derby DE22 3UW3
£135K03/230.58 mi82, Curzon Street, Derby, City Of Derby DE1 1LP3
£190K03/210.58 mi51, Vicarage Avenue, Derby, City Of Derby DE23 6TQ3
£200K09/210.59 mi104, St Chads Road, Derby, City Of Derby DE23 6RP3
£200K08/210.6 mi56, Vicarage Avenue, Derby, City Of Derby DE23 6TP3
£90K08/210.61 mi143, Lower Dale Road, Derby, City Of Derby DE23 6XA3
£145K06/210.61 mi35, Fairfax Road, Derby, City Of Derby DE23 6RX3
£115K03/210.62 mi22, Augusta Street, Derby, City Of Derby DE23 8HR3
£163K07/210.63 mi12, Horton Street, Derby, City Of Derby DE23 8LN3
£125K03/230.63 mi8, Percy Street, Derby, City Of Derby DE22 3WD3
£162K08/210.63 mi20, Fairfax Road, Derby, City Of Derby DE23 6RW3
£115K01/210.63 mi11, Porter Road, Derby, City Of Derby DE23 6QZ3
£110K12/200.67 mi45, Thorn Street, Derby, City Of Derby DE23 6LZ3
£102K02/210.67 mi39, Raven Street, Derby, City Of Derby DE22 3WA3
£112.5K12/220.68 mi1, Spinney Road, Derby, City Of Derby DE22 3TP3
£77.5K02/230.7 mi142, Leacroft Road, Derby, City Of Derby DE23 8HX3
£110K12/220.7 mi44, Almond Street, Derby, City Of Derby DE23 6LW3
£103K11/200.71 mi72, Porter Road, Derby, City Of Derby DE23 6RA3
£90K03/210.71 mi19, Moss Street, Derby, City Of Derby DE22 3WG3

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.09 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

March 21, 2025

Floor Plans

Description

  • Configured For A HMO +
  • Mid Terrace Property +
  • On Street Parking - Permit Parking +
  • Three Reception Rooms +
  • Three Bedrooms +
  • No Upward Chain +
  • Close Proximity To Derby City Centre +

Leaders are pleased to present this three bedroom Mid Terraced house also configured as a five bedroom HMO, located close to Derby City Centre and providing good access to Derby and Peartree Train Stations. The property is entered to the front elevation into an entrance hall providing access to all downstairs accommodation. The property consists of three reception rooms and kitchen with access out to the rear garden. To the first floor landing there are three bedrooms, shower room and separate family bathroom. To the rear is the enclosed low maintenance garden. Viewings of this property are highly recommended to truly appreciate the size and potential of the accommodation on offer!

Agent Details

Leaders Sales, Derby

020 3909 9670

Next Steps?

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