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Melbourne Street, DERBY

East Midlands

£80,000
Listed on 14/02/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace property, conveniently located near the centre of Derby, presents a promising opportunity for those looking to invest in a renovation project. The home features two reception rooms, a kitchen, two bedrooms, and a bathroom, complemented by a rear garden and additional space within the cellar and loft. Having been rented for several years, it is now available with vacant possession, allowing for immediate improvement. The surrounding area is undergoing significant regeneration efforts, enhancing its appeal with new amenities and entertainment options while maintaining access to essential local services such as shopping and schooling. This property not only offers living space but also the potential to significantly increase its value through modernisation and upgrades.

Investment Analysis

(DE1 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£197
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE1)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -7.3%
5 year growth: +5.8%
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

Melbourne Street, DERBY
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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
£289
Based on a loan of £60,000 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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