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King Alfred Street, City Centre of Derby, DE22

East Midlands

£135,000
Listed on 08/03/2026

Property Details

Bedrooms
3
Type
Terraced House
Area
1054 sqft

Description

This spacious two/three-bedroom terrace property offers an excellent canvas for those looking to invest in a home with considerable potential for enhancement. With over 1200 sq.ft. of living space, it stands out as larger than many comparable homes, providing ample room for modification or expansion (with the appropriate planning permissions). The layout features two sizable double bedrooms and the possibility to easily adapt a third bedroom, making it suitable for a variety of family needs or lifestyle choices. The ground floor hosts expansive reception areas that invite creativity in design, alongside a modern kitchen that has been recently updated. The property is styled with contemporary grey finishes throughout, which gives it a fresh and appealing look, while the modern shower room features a walk-in shower—an attractive feature for both residents and prospective renters alike. Outside, the low-maintenance rear garden presents an opportunity for further landscaping or outdoor enhancements. Situated within walking distance from the lively city centre, this property is not just a home but also an investment opportunity with diverse appeal—from families seeking space to savvy investors looking to capitalize on its renovation potential.

Investment Analysis

(DE22 area)

Below Market Value

This property is priced -48.7% below area average per sq ft

-48.7%
Potential saving
This Property
£128/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£289,328
10% above area average per sq ft
Potential ROI
+70.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DE22)

Area prices are stable by +1.8% over the last 12 months
3 year growth: +11.8%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on DE22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

King Alfred Street, City Centre of Derby, DE22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-3.6% since listed
£135,000£5,000(-3.6%)
01/04/2026
Current price
£140,000Initial listing
08/03/2026

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