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St. James Road, Derby, Derbyshire, DE23

East Midlands

£75,000
Listed on 18/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
820 sqft

Description

This three-bedroom property offers a solid foundation for renovation and investment, making it an appealing opportunity for those looking to enhance its value over time. The layout includes a spacious reception room, a separate dining area, and a kitchen that provides ample space for appliances and potential modern upgrades. The ground-floor bathroom features essential amenities but would benefit from contemporary improvements. Each bedroom is generously sized, with natural light pouring in through double-glazed windows. The enclosed rear garden presents additional possibilities—ideal for landscaping or creating outdoor living spaces that could significantly boost the property's appeal. Located in a predominantly residential neighborhood, the property is within walking distance of various local amenities such as shops, cafes, and recreational facilities. Public transportation options are conveniently accessible nearby, enhancing connectivity to the wider area. Offered at auction with no upward chain, this property requires modernization but stands as an excellent investment for those willing to undertake renovations. Its potential for increased value through upgrades combined with its strategic location makes it an attractive proposition for both first-time buyers and seasoned investors alike.

Investment Analysis

(DE23 area)

Below Market Value

This property is priced -59.0% below area average per sq ft

-59.0%
Potential saving
This Property
£91/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£204
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£7,500 - £18,750
10-25% of property value
Target Value
£201,146
10% above area average per sq ft
Potential ROI
+114.6%
After renovation
Monthly Sales
43
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (DE23)

Area prices are rising by +7.7% over the last 12 months
3 year growth: 7.0%
5 year growth: 20.8%
Investment Disclaimer: Analysis based on DE23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

St. James Road, Derby, Derbyshire, DE23
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