Auction

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Auction

1/16

2 bed flat for sale Finchley Avenue, Mackworth, DE22

Guide Price

£60,000

Reduced on 12/10/2026

For sale by auction

Type: Flat
Bedrooms: 2
Bathrooms: 1
Size: £91 per sq ft
Tenure: Leasehold

Service charge £715 a yearGround rent £10 a year Council tax Band A £1,605 a year

* From the agent's description. Check it with them before you rely on it.

Key features

Ground Floor Apartment
Two Double Bedrooms
Parking Space
Communal gardens and maintained shared areas
Tenant in Situ paying £700 a month
Secure video entry fob system
Leasehold
private external storage cupboard
Subject to Reserve Price - Buyers fees apply
For Sale by Modern Method of Auction

About this property

A well-presented ground floor, two-bedroom flat offering a strong turnkey investment opportunity in a popular residential area of Mackworth. The property benefits from a secure video fob entry system, an allocated parking space, and a private external storage cupboard. Currently let at £700 per month with a tenancy in place until 16th October 2026, this purchase is suitable for investor buyers only, providing immediate rental income from day one. £750.00 (market rent)

Floorplan

Council tax

Band A £1,605 a year

Per year

Band A

This home: £1,605
Band B

£1,873
Band C

£2,140
Band D

£2,408
Band E

£2,943
Band F

£3,478
Band G

£4,013
Band H

£4,815

This home is in band A, which costs £1,605 a year in Amber Valley for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Amber Valley, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

This home

£91 / sq ft

Area average (sold)

£272 / sq ft

Price per area, sold homes nearby

£171 / sq ft

£91 / sq ft

£369 / sq ft

Lowest

This home

Highest

£91 per sq ft, below almost all recent sales in DE22 (£171–£369, 10th–90th percentile, 1,363 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 1,363 homes sold in DE22 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in DE22 →

Location

Finchley Avenue, Mackworth, DE22

Open map Street View

Mortgage and stamp duty

Property price £60,000

£30k £90k

Deposit10% £6,000

£0 £60k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £54,000 mortgage. Most lenders would want a household income of about £12,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
88, Finchley Avenue Semi-detached	Semi-detached	Jul 2026	926 sq ft £227/sq ft	926 sq ft	£227	£210,000
88, Finchley Avenue Semi-detached	Semi-detached	Oct 2025	926 sq ft £130/sq ft	926 sq ft	£130	£120,000
61, Finchley Avenue Semi-detached	Semi-detached	Dec 2024	807 sq ft £223/sq ft	807 sq ft	£223	£180,000
90, Finchley Avenue Semi-detached	Semi-detached	Mar 2024	1,033 sq ft £179/sq ft	1,033 sq ft	£179	£185,000
84, Finchley Avenue Semi-detached	Semi-detached	Jun 2023	893 sq ft £213/sq ft	893 sq ft	£213	£190,000
67, Finchley Avenue Detached	Detached	Oct 2022	753 sq ft £211/sq ft	753 sq ft	£211	£159,000
102, Finchley Avenue Semi-detached	Semi-detached	Oct 2018	829 sq ft £182/sq ft	829 sq ft	£182	£151,250
67a, Finchley Avenue Detached	Detached	Jul 2018	775 sq ft £206/sq ft	775 sq ft	£206	£160,000