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Chester Green Road, Chester Green, Derby - Image 1
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Chester Green Road, Chester Green, Derby

East Midlands

£185,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
958 sqft

Description

Nestled in the historic Chester Green area, this late Victorian terraced house presents an exciting renovation opportunity for first-time buyers or builders looking to invest in a property with significant potential. With two bedrooms, the home features many charming period details that, while currently in need of modernization, offer a wealth of possibilities for transformation into a contemporary living space. The layout includes inviting rooms such as a lounge and dining room, both boasting high ceilings and original fireplaces. The large windows provide pleasant views over the adjacent open green, creating a peaceful atmosphere. The kitchen comes with foundational elements like a Belfast sink and basic cabinetry, allowing for creative design choices to suit modern living. An interesting prospect is the potential for a loft conversion, subject to planning permission, which could add valuable space and increase the overall worth of the property. The rear garden is another highlight; although overgrown at present, it offers ample room for landscaping and personal touches. Chester Green itself is a sought-after locale rich in history and within easy walking distance to Derby’s city center, where residents can enjoy restaurants, bars, shopping facilities, and recreational areas including Darley Park and the River Derwent. Commuters will appreciate the proximity to public transport links as well as major roadways such as the A38 and A52. Overall, this property not only provides an array of attractive features but also stands out as an exceptional investment opportunity in a desirable area.

Investment Analysis

(DE1 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£193/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£186
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£239,687
10% above area average per sq ft
Potential ROI
-9.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DE1)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -3.0%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on DE1 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

Chester Green Road, Chester Green, 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
£678
Based on a loan of £138,750 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