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Statham Street, Derby, Derbyshire, DE22 1HQ

East Midlands

£340,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom house in the sought-after Six Streets area of Derby presents an intriguing opportunity for potential buyers and investors alike. With its charming character and period features, the property is ripe for renovation while still offering a solid foundation to work with. The entrance hallway showcases original Minton tiles that can be restored to enhance the home's historical charm. There are two reception rooms that could benefit from modern updates, providing versatile spaces for living and entertaining. The front lounge, with its bay window and fireplace, has great potential to become a cosy haven with some thoughtful improvements, while the rear dining room opens up beautifully to the garden through French doors. The sizeable kitchen is functional yet could use a refresh to meet contemporary standards, and the connection to a useful cellar adds practicality for storage solutions. A highlight of this property is its low-maintenance garden featuring an outhouse that offers great conversion opportunities—ideal for a home office or studio, pending necessary permissions. Upstairs, you will find three bedrooms including two spacious doubles and a flexible third bedroom that could serve various purposes. The family bathroom is already stylish but may benefit from updates over time. Additionally, the loft space holds untapped potential for conversion into additional living areas (subject to planning permission). With excellent access to local amenities and transport links, this residence not only offers comfort but represents a compelling investment opportunity in a vibrant neighbourhood.

Investment Analysis

(DE22 area)
Area Average
£250/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
21%
Properties sold annually

Local Market Trend (DE22)

Area prices are rising by +3.1% over the last 12 months
3 year growth: +11.6%
5 year growth: +23.2%
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

Statham Street, Derby, Derbyshire, DE22 1HQ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,226
Based on a loan of £255,000 over 30 years at 4.06% 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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