According to the public record, Flat 5, 53, Queen Street, Derby is a modern leasehold apartment and with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 53, Queen Street, Derby, DE1.
Queen Street, Derby, DE1 is located within the DE1 postal district.
Flat 5, 53, Queen Street, Derby has a single entry in the Land Registry database from June 2012 and 2 entries in the EPC database, most recently in January 2019.
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 Flat 5 53 Queen Street Derby as £100,749 and the rental value as £711 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of Flat 5 53 Queen Street Derby has increased by £470 (0.5%) and its rental value has increased by £40 per month (5.7%).
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 Flat 5, 53, Queen Street, Derby is in very good condition we estimate a sale value of £105,787 and rental value of £747 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,697 and a rental value of £662 per month.
If you were able to purchase this property for the estimated value of £100,749, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £495 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, Flat 5, 53, Queen Street, Derby was last sold on 07 Jun 2012 for £72,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2012, the market for similar properties has risen 33.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 53, Queen Street, Derby within a radius of 389m over the last 2 years.
The most recent example is 2, St. Marys Court, Derby, DE1 3DD, a Leasehold flat which sold for £100,000 in Dec 2023.
Read more about house prices in DE1.
Queen Street, Derby, DE1 has a total of 15 addresses. According to our analysis of all the public data, Flat 5, 53, Queen Street, Derby is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £120k less expensive than the average property in DE1.
Flat 5, 53, Queen Street, Derby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Jan 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 5, 53, Queen Street, Derby is Derby station which is 1.4 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 Flat 5, 53, Queen Street, Derby, 45.8% of property is privately rented and 35.6% is socially 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 Flat 5, 53, Queen Street, Derby, 11.7% of residents are recorded as possessing school level qualifications and 45.3% 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 Flat 5, 53, Queen Street, Derby, the average age was 33.4 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 Flat 5, 53, Queen Street, 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 Flat 5, 53, Queen Street, 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.