According to the public record, 7 The School Yard, Derby is a modern leasehold apartment and with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The School Yard, Edward Street, Derby, DE1.
Edward Street, Derby, DE1 is located within the DE1 postal district.
7 The School Yard, Derby has 3 entries in the Land Registry database, most recently in February 2023 and 2 entries in the EPC database, most recently in August 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 The School Yard Derby as £157,485 and the rental value as £817 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 7 The School Yard Derby has increased by £1,401 (0.9%) and its rental value has increased by £49 per month (6.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7 The School Yard, Derby is in very good condition we estimate a sale value of £165,359 and rental value of £858 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,461 and a rental value of £760 per month.
If you were able to purchase this property for the estimated value of £157,485, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £774 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 7 The School Yard, Derby was last sold on 27 Feb 2023 for £162,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2023, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 The School Yard, Derby within a radius of 0m over the last 2 years.
The most recent example is 12 The School Yard, Edward Street, Derby, DE1 3BL, a Leasehold flat which sold for £157,500 in Jul 2022.
Read more about house prices in DE1.
Edward Street, Derby, DE1 has a total of 116 addresses. According to our analysis of all the public data, 7 The School Yard, Derby is the 36th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in DE1.
7 The School Yard, Derby has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7 The School Yard, Derby is Derby station which is 1.7 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7 The School Yard, Derby, 53.4% of property is socially rented and 28.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7 The School Yard, Derby, 13.8% of residents are recorded as possessing school level qualifications and 30.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7 The School Yard, Derby, the average age was 34.5 and the most common age was 22.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7 The School Yard, Derby, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7 The School Yard, Derby, there are an average of 0.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.