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Penn Street, Belper, Derbyshire - Image 1
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Penn Street, Belper, Derbyshire

East Midlands

£165,000
Listed on 18/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
552 sqft

Description

This semi-detached cottage offers a compelling opportunity for those looking to embark on a renovation project, making it an ideal choice for builders or first-time buyers with a vision. The property requires comprehensive modernization and is set in a desirable location near the vibrant center of Belper, which boasts a variety of amenities including shops, restaurants, schools, and transport links. The charming countryside of Derbyshire is just outside your doorstep, providing an idyllic backdrop for outdoor activities.<br><br>Inside, the cottage features two bedrooms, a lounge equipped with a gas fire and decorative beams, and a kitchen diner ready for refurbishment. The layout also includes practical spaces such as a pantry and a shower room. Outside, the garden space is currently maintained as a vegetable garden with stone walls and pathways, offering potential for landscaping or gardening enthusiasts. This property is ripe for transformation into a dream home or vacation getaway.

Investment Analysis

(DE56 area)

Above Market Value

This property is priced +1.1% above area average per sq ft

+1.1%
This Property
£299/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£179,488
10% above area average per sq ft
Potential ROI
-20.2%
After renovation
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
14%
Properties sold annually

Local Market Trend (DE56)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -0.8%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on DE56 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

Penn Street, Belper, Derbyshire
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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
£604
Based on a loan of £123,750 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