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Molineux Street, Derby

East Midlands

£160,000
Listed on 02/07/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terrace property offers a spacious two-bedroom layout with significant potential for renovation and investment. Located on Molineux Street in Derby, the home features two reception rooms that can be adapted to suit various living arrangements, including a front lounge currently utilized as a third bedroom. This flexibility makes it an appealing option for both first-time buyers and those looking to capitalize on rental opportunities. The heart of the home is the generously sized kitchen, which provides direct access to a substantial rear garden. The outdoor space not only enhances the lifestyle appeal but also presents an opportunity for future enhancements, such as landscaping or even constructing an extension, subject to local planning permissions. Additionally, the garden includes an outbuilding that could be transformed into a multifunctional space—ideal for storage or potentially converted into a workspace or studio. Upstairs, the property continues to impress with two large double bedrooms and a family bathroom that features ample space for modernization. The overall layout allows for personal touches and renovations that could significantly increase the property's value over time. With its proximity to Derby city center and local amenities—including shops, schools, and transport links—Molineux Street is situated in a desirable area favored by families and professionals alike. The combination of location benefits and renovation potential makes this property an exciting prospect for investors seeking to enhance their portfolio or buyers looking to create their ideal home.

Investment Analysis

(DE23 area)
Area Average
£238/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (DE23)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 2.3%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on DE23 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

Molineux Street, Derby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE