Sold STC Terraced

22 HOWITT STREET

HEANOR, DERBYSHIRE DE75 7AU

3 beds 88 m² Listed 14 Aug 2013 (-4723d)

£85,000

Reduced on 10 Sep 2014

Save

# 3 bedroom terraced house for sale (DE75 7AU)

## Property Details

| Key | Value |
|-----|-------|
| Address | 22 HOWITT STREET, HEANOR, DERBYSHIRE DE75 7AU |
| Price | £85,000 |
| Bedrooms | 3 |
| Last sold | £84,500 Feb 2015 |

## Description

**Lounge** 13' 5" (plus bay) x 11' 11"  (4.08m (plus bay) x 3.63m)

Bay window to  front elevation, laminate flooring, access to;

**Dining Room** 16' 9" x 11' 11"  (5.11m x 3.64m)

Window to rear elevation, laminate flooring, radiator, fireplace housing gas fire with back boiler, access to;

**Kitchen** 12' 9" x 7' 2"  (3.9m x 2.18m)

Fitted units including single drainer sink unit, work surface/food preparation areas with drawers, cupboards and associated storage space below and wall cupboards. Integrated ceramic hob and electric oven. Tiled splash backs, laminate flooring, radiator, window to side elevation and door to rear.

**Bathroom**

Fitted with a three piece suite comprising; bath, pedestal wash hand basin and WC. Fitted wall mirror with cosmetic lighting, laminate flooring, radiator and window to the rear elevation.

**Landing**

Having fitted storage cupboard.

**Bedroom One** 11' 11" x 11' 6"  (3.64m x 3.5m)

Window to the front elevation, radiator and laminate flooring.

**Bedroom Two** 13' 6" x 8' 10"  (4.12m x 2.7m)

Window to the rear elevation and radiator.

**Bedroom Three** 13' 6" x 6' 1"  (4.12m x 1.85m)

Window to the rear elevation and laminate flooring.

**Outside**

The property has a gated and enclosed front garden area.  Side access leads to a double gateway giving access to the rear garden predominantly laid to lawn.

Within the rear garden is an OUTBUILDING  13' 2" x 10' 6"  (4.02m x 3.2m) With lockable door. and a second attached outbuilding making a garden store.

NOTICE TO PROSPECTIVE PURCHASERS

Please note that the information contained within this brochure is understood to be correct and accurate to the best of Henrys Simms Estate Agents knowledge.  However, the information and measurements should not be relied upon to form any part of a contract or any offer made.  The information offered is for guidance only particularly in relation to any listed appliances being in full working order.  Purchasers should make their own investigations to verify correctness of same particularly if they intend to purchase the property for a specific use or purpose.  The information contained within the brochure should not be republished or copied in any way for any other form of advertising or use without Henrys Simms permission.

## Property Photos

- ![Main](/listings/photos/40300297/1277150) - Main
- ![Dining Room](/listings/photos/40300297/1277154) - Dining Room
- ![Kitchen](/listings/photos/40300297/1277157) - Kitchen
- ![Lounge](/listings/photos/40300297/1277159) - Lounge
- ![Dining Room](/listings/photos/40300297/1277163) - Dining Room
- ![Landing](/listings/photos/40300297/1277165) - Landing
- ![Bedroom 1](/listings/photos/40300297/1277169) - Bedroom 1
- ![Bedroom 2](/listings/photos/40300297/1277170) - Bedroom 2
- ![Bedroom 3](/listings/photos/40300297/1277171) - Bedroom 3
- ![Outbuilding Rear](/listings/photos/40300297/1277172) - Outbuilding Rear
- ![Garden](/listings/photos/40300297/1277173) - Garden
- ![Outbuilding Interior](/listings/photos/40300297/1277174) - Outbuilding Interior
- ![Photo](/listings/photos/40300297/1277175)

## EPC Graphs

- ![EPC 1](/listings/photos/40300297/1277176) - EPC 1

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #15529168
- **Address:** 22 Howitt Street, HEANOR, DE75 7AU
- **Certificate Issued:** 11/12/2022
- **Work Completed:** 02/12/2022
- **Items:** 8 window(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 22 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £84,500 | 25/02/2015 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 34 MARSHALL STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AT | £155,000 | 14/11/2025 | Terraced |
| 46 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AY | £110,000 | 14/12/2023 | Terraced |
| 16 OAKLANDS AVENUE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BB | £135,000 | 08/12/2023 | Terraced |
| 91 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA | £120,000 | 01/12/2023 | Terraced |
| 14 MARSHALL STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AT | £150,000 | 30/11/2023 | Terraced |
| 104 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA | £138,000 | 24/11/2023 | Terraced |
| 54 MANSFIELD ROAD, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AQ | £225,000 | 23/11/2023 | Terraced |
| 66 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA | £180,000 | 27/10/2023 | Terraced |
| 10 BUTCHERS WAY, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7WQ | £215,000 | 19/04/2023 | Terraced |
| [Same street] 33 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £105,000 | 30/03/2023 | Semi-detached |
| [Same street] 26 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £140,000 | 10/03/2023 | Terraced |
| 12 MANSFIELD ROAD, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AJ | £235,000 | 24/02/2023 | Terraced |
| [Same street] 61 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £205,000 | 06/01/2023 | Semi-detached |
| 10 BUTCHERS WAY, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7WQ | £210,000 | 30/11/2022 | Terraced |
| 55 STONE AVENUE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7TB | £185,000 | 25/11/2022 | Terraced |
| 100 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AW | £140,000 | 24/11/2022 | Terraced |
| 21 STARTHE BANK, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AX | £142,000 | 30/09/2022 | Terraced |
| 98A HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA | £143,000 | 15/09/2022 | Terraced |
| 15 NEWTON DRIVE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7TQ | £170,000 | 29/07/2022 | Terraced |
| 63 MANSFIELD ROAD, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AQ | £160,000 | 13/07/2022 | Terraced |
| 9 STONE AVENUE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7TB | £170,000 | 22/04/2022 | Terraced |
| [Same street] 24 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £112,000 | 04/04/2022 | Semi-detached |
| 31 MARSHALL STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AT | £367,500 | 31/03/2022 | Terraced |
| 5 STARTHE BANK, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AX | £103,000 | 17/03/2022 | Terraced |
| [Same street] 69 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £250,000 | 20/12/2021 | Semi-detached |
| [Same street] 14 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £115,000 | 21/10/2021 | Terraced |
| [Same street] 23 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU | £121,000 | 09/08/2021 | Terraced |

**Street average:** £149,714 (7 sales)
**Area average:** £172,675 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £130,873 (28 Terraced, DE75, 2024–2026)
- **Deviation:** -35.1%

## Rental Range

*ONS Price Index of Private Rents (Amber Valley). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £710/mo
- **Realistic:** £789/mo
- **Optimistic:** £868/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Derby (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £698/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Semi-Detached House, Grace Crescent, DE75 | £1,000/mo | 3 | 0.23 miles | OpenRent |
| 3 Bed Terraced House, Breach Road, DE75 | £825/mo | 3 | 0.56 miles | OpenRent |
| 3 Bed Terraced House, Loscoe Road, DE75 | £900/mo | 3 | 0.78 miles | OpenRent |
| 3 Bed End Terrace, Campbell St, NG16 | £950/mo | 3 | 0.83 miles | OpenRent |

**Average rent: £919/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 1.09% (strong)
- **Max investor price (0.8%):** £115,625
- **Target investor price (1%):** £92,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £925/mo).*

- **Gross yield:** 13.1%
- **Cost-to-rent:** 7.7×
- **Monthly cashflow:** £473/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 23%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 2.8%
- **10y growth:** 13.2%

## House Price Index (HM Land Registry)

*Official index for Amber Valley; Terraced series; as of April 2026.*

- **1y growth (index):** 5.8%
- **5y growth (index):** 22.8%
- **10y growth (index):** 67.2%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Main Dining Room Kitchen Lounge Dining Room Landing Bedroom 1 Bedroom 2 Bedroom 3 Outbuilding Rear Garden Outbuilding Interior Photo 13

/ 13

Property details

Floor area

88 m²

Last sold

£84,500 Feb 2015

Local average

£130,873 (-35.1%)

Deprivation

Decile 6 (19,653 of 33,755)

Street crime

255 incidents within 1 mile (May 2026)

Key features

NO UPWARD RELATED PURCHASE
FAMILY SIZED ACCOMMODATION
TWO SPACIOUS LIVING ROOMS
KITCHEN WITH OVEN AND HOB
SUBSTANTIAL OUTBUILDING TO REAR
WITHIN WALKING DISTANCE OF FACILITIES
CLOSE TO LOCAL TRANSPORT FACILITIES

Additional details

Garden: Yes

Description

Lounge 13' 5" (plus bay) x 11' 11" (4.08m (plus bay) x 3.63m)
Bay window to front elevation, laminate flooring, access to;

Dining Room 16' 9" x 11' 11" (5.11m x 3.64m)
Window to rear elevation, laminate flooring, radiator, fireplace housing gas fire with back boiler, access to;

Kitchen 12' 9" x 7' 2" (3.9m x 2.18m)
Fitted units including single drainer sink unit, work surface/food preparation areas with drawers, cupboards and associated storage space below and wall cupboards. Integrated ceramic hob and electric oven. Tiled splash backs, laminate flooring, radiator, window to side elevation and door to rear.

Bathroom
Fitted with a three piece suite comprising; bath, pedestal wash hand basin and WC. Fitted wall mirror with cosmetic lighting, laminate flooring, radiator and window to the rear elevation.

Landing
Having fitted storage cupboard.

Bedroom One 11' 11" x 11' 6" (3.64m x 3.5m)
Window to the front elevation, radiator and laminate flooring.

Bedroom Two 13' 6" x 8' 10" (4.12m x 2.7m)
Window to the rear elevation and radiator.

Bedroom Three 13' 6" x 6' 1" (4.12m x 1.85m)
Window to the rear elevation and laminate flooring.

Outside
The property has a gated and enclosed front garden area. Side access leads to a double gateway giving access to the rear garden predominantly laid to lawn.

Within the rear garden is an OUTBUILDING 13' 2" x 10' 6" (4.02m x 3.2m) With lockable door. and a second attached outbuilding making a garden store.

NOTICE TO PROSPECTIVE PURCHASERS

Please note that the information contained within this brochure is understood to be correct and accurate to the best of Henrys Simms Estate Agents knowledge. However, the information and measurements should not be relied upon to form any part of a contract or any offer made. The information offered is for guidance only particularly in relation to any listed appliances being in full working order. Purchasers should make their own investigations to verify correctness of same particularly if they intend to purchase the property for a specific use or purpose. The information contained within the brochure should not be republished or copied in any way for any other form of advertising or use without Henrys Simms permission.

Listed by

Heanor

Taylor Brown & Simms

Reference: 40300297

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC 1

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #15529168 Recent

Property Details

Street: 22 Howitt Street

Town: HEANOR

Postcode: DE75 7AU

Installation Details

Items: 8 windows

Certificate Issued: 11/12/2022

Work Completed: 02/12/2022

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

Event	Date	Price	% change
Sold	25/02/2015 (11 years ago)	£84,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
34 MARSHALL STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AT	£155,000	14/11/2025	Terraced
46 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AY	£110,000	14/12/2023	Terraced
16 OAKLANDS AVENUE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BB	£135,000	08/12/2023	Terraced
91 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA	£120,000	01/12/2023	Terraced
14 MARSHALL STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AT	£150,000	30/11/2023	Terraced
104 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA	£138,000	24/11/2023	Terraced
54 MANSFIELD ROAD, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AQ	£225,000	23/11/2023	Terraced
66 HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA	£180,000	27/10/2023	Terraced
10 BUTCHERS WAY, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7WQ	£215,000	19/04/2023	Terraced
Same street 33 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£105,000	30/03/2023	Semi-detached
Same street 26 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£140,000	10/03/2023	Terraced
12 MANSFIELD ROAD, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AJ	£235,000	24/02/2023	Terraced
Same street 61 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£205,000	06/01/2023	Semi-detached
10 BUTCHERS WAY, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7WQ	£210,000	30/11/2022	Terraced
55 STONE AVENUE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7TB	£185,000	25/11/2022	Terraced
100 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AW	£140,000	24/11/2022	Terraced
21 STARTHE BANK, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AX	£142,000	30/09/2022	Terraced
98A HOLBROOK STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7BA	£143,000	15/09/2022	Terraced
15 NEWTON DRIVE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7TQ	£170,000	29/07/2022	Terraced
63 MANSFIELD ROAD, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AQ	£160,000	13/07/2022	Terraced
9 STONE AVENUE, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7TB	£170,000	22/04/2022	Terraced
Same street 24 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£112,000	04/04/2022	Semi-detached
31 MARSHALL STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AT	£367,500	31/03/2022	Terraced
5 STARTHE BANK, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AX	£103,000	17/03/2022	Terraced
Same street 69 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£250,000	20/12/2021	Semi-detached
Same street 14 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£115,000	21/10/2021	Terraced
Same street 23 HOWITT STREET, HEANOR, AMBER VALLEY, DERBYSHIRE, DE75 7AU	£121,000	09/08/2021	Terraced

Street average: £149,714 (7 sales)

Area average: £172,675 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 2.8%

10y growth 13.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Amber Valley. Series: Terraced. As of April 2026.

1y (index) 5.8%

5y (index) 22.8%

10y (index) 67.2%

Rental Range

Estimated market rent for Amber Valley. Low = conservative, Realistic = average, Optimistic = best case.

Low £710/mo

Realistic £789/mo

Optimistic £868/mo

Based on Local Authority from postcode lookup → Amber Valley.

LHA (30th percentile) floor for Derby: £698/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View DE75 7AU

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	The Mortgage Zone	0.1 miles
Shop	Henry Simms	0.1 miles
Bus stop	Marshall Street	0.1 miles
Train station	Langley Mill	0.6 miles
Train station	Ilkeston	3.3 miles
University	Clinical Sciences	8.0 miles
University	Britannia Mill	8.7 miles
Hospital	Priory Hospital Nottingham	9.4 miles
Hospital	Kings Mill Hospital	9.5 miles

Street-level crime

Category	Count
Violence and sexual offences	99
Anti-social behaviour	49
Public order	25
Criminal damage and arson	21
Shoplifting	19
Other theft	12
Drugs	8
Burglary	7
Other crime	5
Vehicle crime	5
Possession of weapons	4
Theft from the person	1
Total incidents	255

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Laceyfields Academy	Primary	0.4 miles	Good — 24 Sep 2023
Jasmine House School	Other	0.4 miles	Good — 30 Nov 2023
Marlpool Junior School	Primary	0.4 miles	Good — 13 Nov 2022
Langley Mill Church of England Infant School and Nursery	Primary	0.4 miles	Good — 13 Dec 2010
Marlpool Infant School	Primary	0.5 miles	Good — 15 Apr 2015

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Semi-Detached House, Grace Crescent, DE75	£1,000/mo	3	0.23 miles	OpenRent
3 Bed Terraced House, Breach Road, DE75	£825/mo	3	0.56 miles	OpenRent
3 Bed Terraced House, Loscoe Road, DE75	£900/mo	3	0.78 miles	OpenRent
3 Bed End Terrace, Campbell St, NG16	£950/mo	3	0.83 miles	OpenRent

Average rent: £919/mo (4 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.09%

Max investor price (0.8%) £115,625

Target investor price (1%) £92,500

Gross yield 13.1%

Cost-to-rent ratio 7.7×

Monthly cashflow £473/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 23%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).