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Pelham Street, Derby, Derbyshire, DE22

East Midlands

£70,000
Listed on 06/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
721 sqft

Description

This two-bedroom mid-terrace house, conveniently located near Derby City Centre, presents a notable opportunity for modernisation. Upon entry, you are greeted by a lounge that flows into a second reception room, creating potential for an inviting living area. The kitchen offers a functional layout with space for appliances and direct access to a compact shower room at the rear. Upstairs, both double bedrooms are well-sized and filled with natural light from single-glazed windows. Outside, the low-maintenance courtyard provides a simple outdoor space to enhance. This property is ideal for investors or buyers looking to create their own style in a central location, close to local amenities and transport links. Notably, it is being sold chain-free, which facilitates a quicker transaction process.

Investment Analysis

(DE22 area)

Below Market Value

This property is priced -61.1% below area average per sq ft

-61.1%
Potential saving
This Property
£97/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£198,116
10% above area average per sq ft
Potential ROI
+108.5%
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

Pelham Street, Derby, Derbyshire, DE22
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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
£252
Based on a loan of £52,500 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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