Worst House on the Street Logo
King Alfred Street, City Centre of Derby, DE22 - Image 1
King Alfred Street, City Centre of Derby, DE22 - Image 2
King Alfred Street, City Centre of Derby, DE22 - Image 3
King Alfred Street, City Centre of Derby, DE22 - Image 4
King Alfred Street, City Centre of Derby, DE22 - Image 5
King Alfred Street, City Centre of Derby, DE22 - Image 6
King Alfred Street, City Centre of Derby, DE22 - Image 7
King Alfred Street, City Centre of Derby, DE22 - Image 8
King Alfred Street, City Centre of Derby, DE22 - Image 9
King Alfred Street, City Centre of Derby, DE22 - Image 10
King Alfred Street, City Centre of Derby, DE22 - Image 11

King Alfred Street, City Centre of Derby, DE22

East Midlands

£140,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1223 sqft

Description

This spacious two/three-bedroom traditional terrace property offers a unique opportunity for renovation and investment in the East Midlands. With over 1200 sq.ft. of living space, it stands out for its generous layout that allows for both immediate occupancy and future enhancements, subject to planning permissions. The home features two large double bedrooms with the potential to create a third, making it versatile for families or investors aiming for rental viability. The ground floor provides expansive reception areas that can be tailored to modern lifestyles and needs, while the recently updated kitchen adds a contemporary touch to the home. The stylish grey decor throughout gives a fresh appearance, though there remains room for personalisation and further updates to enhance value. A well-appointed shower room with a walk-in shower adds convenience, and the manageable rear garden serves as an inviting outdoor retreat. Situated within close proximity to the lively city centre, this property is ideal for those seeking a character-rich home that holds substantial potential for growth—perfectly suited for couples, families, or savvy investors looking to capitalise on its advantageous location.

Investment Analysis

(DE22 area)

Below Market Value

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

-54.2%
Potential saving
This Property
£114/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£336,056
10% above area average per sq ft
Potential ROI
+86.7%
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
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

King Alfred Street, City Centre of Derby, DE22
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.