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Riddings Street, Derby

East Midlands

£74,000
Listed on 01/03/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This traditional two-bedroom terrace property presents a valuable opportunity for buyers looking to invest in a renovation project. With its spacious layout, the home features two ample reception rooms and a functional kitchen that opens into a garden area, complemented by a useful cellar for additional storage. The first floor consists of two well-sized double bedrooms—one currently partitioned—and a bathroom. Although equipped with gas central heating, the property is ready for modern updates and personal touches. Its location boasts easy access to Derby city centre, making it particularly appealing for the rental market or resale after renovations. The enclosed courtyard garden adds an outdoor space for potential landscaping or gardening projects. Given its characteristics and situation in an area recognized for buy-to-let opportunities, this property has great potential for both investors and homeowners willing to undertake refurbishment efforts.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Riddings Street, Derby
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£267
Based on a loan of £55,500 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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