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Riddings Street, Derby

East Midlands

£125,000
Listed on 14/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced home in Derby presents a unique opportunity for renovation and investment. While the property is currently in good condition and ready for immediate occupancy, it holds considerable potential for enhancement, particularly in the kitchen and bathroom areas. Inside, the layout includes a comfortable living room with a charming fireplace, a separate dining area ideal for gatherings, and a compact kitchen that invites modernization. The upstairs features two well-sized bedrooms, both of which offer natural light and space for personalization. A family bathroom completes the upper level, providing an essential amenity that could benefit from upgrades. The modest rear garden offers a private outdoor space that could be transformed into a pleasant sanctuary with some attention and creativity. The overall flow of the house is practical, connecting communal spaces that encourage easy living. Situated close to Derby's lively city centre, this property enjoys convenient access to local shops, dining options, and recreational facilities. For commuters, major transport links such as the A50, A38, and M1 are easily accessible, enhancing its appeal as both a starter home or rental investment. This property not only provides a comfortable living environment but also presents significant potential for those looking to add value through renovations or improvements.

Investment Analysis

(DE22 area)
Area Average
£254/sq ft
Avg Rent (weekly)
£186
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE22)

Area prices are rising by +13.1% over the last 12 months
3 year growth: 15.5%
5 year growth: 33.9%
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

Riddings 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
£458
Based on a loan of £93,750 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