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New Street, Morton, Derbyshire. DE55 6GR

East Midlands

£80,000
Listed on 25/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
766 sqft

Description

This traditional mid-terraced house presents an excellent investment opportunity in the East Midlands, ideal for those looking to create a modern living space. While it requires significant updates, the potential is clear: a structurally sound property featuring a lounge, spacious dining kitchen with original fittings, three bedrooms, and a ground floor bathroom. The rear garden offers ample outdoor space with a seating area and storage shed, perfect for revitalization into a private retreat. Located within the desirable village of Morton, amenities such as local shops, schools, and recreational parks are within easy reach. This property is sold with no upward chain, making it an attractive option for both first-time buyers and seasoned renovators ready to bring their vision to life.

Investment Analysis

(DE55 area)

Below Market Value

This property is priced -54.2% below area average per sq ft

-54.2%
Potential saving
This Property
£104/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£192,323
10% above area average per sq ft
Potential ROI
+60.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on DE55 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

New Street, Morton, Derbyshire. DE55 6GR
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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
£293
Based on a loan of £60,000 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