2 Bed Flat, Single Let, Derby, DE22 1JU £140,000

Highfields Park Drive, Derby, DE22 1JU - 1 views - a year ago
Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
Property image
Property image

ValuationOvervalued

Sold Prices£30K - £225K
Sold Prices/m²£545/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£128,442

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£625 - £1,250

Rent Estimate

£595

Running Costs/mo

£577

Cashflow/mo

£19

Cashflow/yr

£222

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £30K to £225K, average is £121.6K. £545/m² to £2.8K/m², average is £1.9K/m².

Price
Date
Distance
Address
Beds
 
£158K03/230 mi102, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£149K02/230 mi104, Highfields Park Drive, Derby, City Of Derby DE22 1JU2
£137K08/250.04 mi90, Highfields Park Drive, Derby DE22 1JU2
£105K05/240.32 miNorbury Court, 8, Norbury Close, Derby DE22 2YA2
£52.5K05/250.32 mi16, Queens Court, Woodland Road, Derby DE22 1GR2
£52.5K05/250.32 mi16, Queens Court, Woodland Road, Derby DE22 1GR2
£65K12/240.32 miQueens Court, 8, Woodland Road, Derby DE22 1GR2
£65K12/240.32 mi8, Queens Court, Woodland Road, Derby DE22 1GR2
£225K03/250.43 mi3, Friarsfield, Burleigh Drive, Derby DE22 1AL2
£225K03/250.43 mi3, Friarsfield, Burleigh Drive, Derby DE22 1AL2
£110K11/240.53 mi45, Arthur Hind Close, Derby DE22 1HS2
£110K11/240.53 mi45, Arthur Hind Close, Derby DE22 1HS2
£195K11/240.69 mi3, 14 St Georges House, St Georges Close, Derby DE22 1JH2
£195K11/240.69 mi3, 14 St Georges House, St Georges Close, Derby DE22 1JH2
£195K11/240.69 mi14 St Georges House, 3, St Georges Close, Derby DE22 1JH2
£163.5K07/250.77 mi2b, Belper Road, Derby DE1 3EN2
£75K09/240.83 mi5, St Annes Close, Derby DE1 3NE2
£122K01/250.83 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£122K01/250.83 miApartment 3, Hawthorn House, North Street, Derby DE1 3AZ2
£110K03/250.84 mi11, Leaper Street, Derby DE1 3ND2
£135K10/240.85 mi174, Magnus Court, Derby DE21 4TR2
£135K10/240.85 mi174, Magnus Court, Derby DE21 4TR2
£112K10/240.85 mi164, Magnus Court, Derby DE21 4TR2
£112K10/240.85 mi164, Magnus Court, Derby DE21 4TR2
£136K03/250.85 mi162, Magnus Court, Derby DE21 4TR2
£136K03/250.85 mi162, Magnus Court, Derby DE21 4TR2
£121.3K01/220.85 mi11, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117.5K05/220.85 mi41, Magnus Court, Derby, City Of Derby DE21 4TQ2
£117K08/210.86 mi37, Magnus Court, Derby, City Of Derby DE21 4TQ2
£130K02/240.86 mi27, Magnus Court, Derby DE21 4TQ2
£130K02/240.86 mi27, Magnus Court, Derby DE21 4TQ2
£125K07/220.86 mi31, Magnus Court, Derby, City Of Derby DE21 4TQ2
£135K02/250.86 mi53, Magnus Court, Derby DE21 4TQ2
£135K02/250.86 mi53, Magnus Court, Derby DE21 4TQ2
£127.5K07/230.86 mi21, Magnus Court, Derby, City Of Derby DE21 4TQ2
£124.5K06/230.86 mi23, Magnus Court, Derby, City Of Derby DE21 4TQ2
£109K03/220.86 mi15, Magnus Court, Derby, City Of Derby DE21 4TQ2
£138K01/230.86 mi33, Magnus Court, Derby, City Of Derby DE21 4TQ2
£30K01/250.87 mi74, Magnus Court, Derby, City Of Derby DE21 4TR2
£116.5K11/230.87 mi82, Magnus Court, Derby, City Of Derby DE21 4TR2
£30K02/220.87 mi80, Magnus Court, Derby, City Of Derby DE21 4TR2
£118K06/240.87 miParkland View, Flat 81, Bath Street, Derby DE1 3FG2
£118K07/230.87 mi12, Magnus Court, Derby DE21 4TR2
£116.5K11/230.87 mi82, Magnus Court, Derby DE21 4TR2
£30K01/250.87 mi74, Magnus Court, Derby DE21 4TR2
£30K01/250.87 mi74, Magnus Court, Derby DE21 4TR2
£122.5K09/230.87 mi54, Magnus Court, Derby DE21 4TR2
£116.5K01/240.87 mi16, Magnus Court, Derby DE21 4TR2
£116.5K01/240.87 mi16, Magnus Court, Derby DE21 4TR2
£136K03/250.87 mi14, Magnus Court, Derby DE21 4TR2

Local Rents

50 rents from £625/mo to £1.3K/mo, average is £850/mo.

Rent
Date
Distance
Address
Beds
 
£76008/250 miHighfields Park Drive, Derby, DE222
£63507/250 miHighfields Park Drive, Derby2
£85004/250.01 mi-2
£63507/250.01 miHighfield Park Drive, Broadway, Derby DE22 1JU2
£75008/250.01 miHighfields Park Drive, Derby2
£87510/250.03 miHighfields Park Drive, Darley Abbey, Derby2
£82512/240.03 miHighfields Park Drive, Darley Abbey, Derby2
£62507/250.04 miHighfields Park Drive, Darley Abbey, Derby2
£1,10010/250.12 miThorpelands Drive, Allestree2
£89510/250.13 miDerby, DE222
£1,05009/250.27 miFerrers Way, Allestree2
£85011/250.32 mi-2
£87509/250.32 miNorfolk Gardens, Duffield Road2
£62509/250.32 miNorfolk Gardens, Duffield Road, Derby DE22 1AJ2
£1,08008/230.33 mi-2
£80009/250.33 miPark Farm Drive, Allestree, Derby2
£80009/250.33 miPark Farm Drive, Allestree, Derby2
£77509/250.33 miPark Farm Drive, Allestree, DERBY2
£95009/250.33 miPark Farm Drive, Allestree, Derby2
£99508/250.33 miHulland View, Allestree2
£92011/250.36 miWheeldon Manor, Wheeldon Avenue, Derby, DE222
£85010/250.36 miPark Farm Drive, Allestree, DERBY2
£82512/240.36 miWheeldon Manor, Wheeldon Avenue, Derby2
£92009/250.36 miWheeldon Manor, Wheeldon Avenue, Derby2
£1,00010/250.36 miMile Ash Lane, Darley Abbey Village, Derby2
£95012/240.37 miFindern Close, Allestree2
£99506/250.37 miLavender Row, Darley Abbey Village, Derby2
£65008/250.38 mi2 Bedroom Cottage, Mileash Lane, Darley Abbey2
£80008/230.4 mi-2
£82506/250.4 mi-2
£99511/250.4 miMileash Lane, Darley Abbey2
£70007/250.41 miWillow Close, Darley Abbey, Derby2
£67106/250.41 miLongford Street, Derby, DE222
£92510/250.41 miLongford Street, Derby2
£85011/250.41 miLongford Street, Derby, DE222
£77511/250.41 miLongford Street, Derby, DE222
£95011/250.41 miParkfields Drive, Derby, Derbyshire2
£89512/240.41 miBirchover Way, Allestree, Derby, Derbyshire2
£79507/250.41 miSherwin Street, Derby2
£77507/250.41 miSherwin Street, Derby2
£95011/250.42 miEdale Close, Derby, Derbyshire, DE222
£85010/250.42 miLongford Street, Derby, Derbyshire2
£1,00008/250.42 miPark Grove, Derby2
£65007/250.43 miCedar Street, Derby, DE222
£80006/250.44 miCedar Street, Derby, DE22 1GD2
£80006/250.44 miCedar Street, Derby, DE22 1GD2
£95008/250.44 miBirchover Way, Allestree, Derby2
£1,25009/250.44 miBirchover Way, Allestree, Derby2
£92511/250.44 miLongford Street, DE222
£85011/250.44 miLongford Street, DE222

Local Area Statistics

Population in DE22

45,976

Population in Derby

308,324

Town centre distance

1.85 miles away

Nearest school

0.20 miles away

Nearest train station

2.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £140,000

September 26, 2024

Listed for £150,000

June 20, 2024

Floor Plans

Property image

Description

  • Modern Two-Bedroom Apartment +
  • Located on the Highfields Park Drive Development +
  • Open Plan Living and Kitchen Area +
  • Modern Bathroom +
  • Secure Communal Entrance +
  • Allocated Parking and Visitor Parking +
  • The lease 125 year lease from 2007 +
  • Top floor +

SUMMARY
Welcome to this well-presented two-bedroom apartment situated in the sought-after Highfields Park Drive development. This contemporary home offers a blend of style and comfort, perfect for modern living.

DESCRIPTION
Modern Two-Bedroom Apartment in Highfields Park Drive Development
Welcome to this well-presented two-bedroom apartment situated in the sought-after Highfields Park Drive development. This contemporary home offers a blend of style and comfort, perfect for modern living.
Key Features:
Juliet Balcony: Enjoy the charm and elegance of a Juliet balcony, adding a touch of sophistication and allowing for fresh air and natural light to flood the living space.
Two Double Bedrooms: Both bedrooms are generously sized, offering ample space for relaxation and storage. Ideal for couples, small families, or professionals.
Secure Communal Entrance: Benefit from the peace of mind provided by a secure communal entrance, ensuring privacy and safety for all residents.
Allocated Parking and Visitor Parking: Enjoy the convenience of an allocated parking space as well as additional visitor parking, making it easy for you and your guests to park.
Well Presented: The apartment is in excellent condition, with tasteful decor and high-quality
Annual Service Charge: £1030
Annual Ground rent: £215

Secure Communal Entrance 

Private Entrance Hallway 

Lounge Diner 18' 4" x 11' 10" ( 5.59m x 3.61m )

Open Plan Kitchen 8' 1" x 7' 11" ( 2.46m x 2.41m )
The heart of the apartment is the spacious open plan living and kitchen area. This versatile space is perfect for entertaining guests or unwinding after a long day. The kitchen is equipped with modern appliances and plenty of counter space for culinary enthusiasts.

Bedroom One 12' 1" x 9' 10" ( 3.68m x 3.00m )

Bedroom Two 8' 10" x 9' 10" ( 2.69m x 3.00m )

Bathroom 7' 3" x 6' 6" ( 2.21m x 1.98m )
The sleek and contemporary bathroom features high-quality fittings and fixtures, providing a serene space for your daily routines.

Allocated Parking Space 

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Hall & Benson, Allestree

01332 215559

Next Steps?

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