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Old Chester Road, Derby, Derbyshire, DE1

East Midlands

£160,000
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
575 sqft

Description

This two-bedroom mid-terrace property is nestled in a desirable residential area, making it an appealing option for first-time buyers or investors keen on capitalising on renovation potential. The home features a private driveway allowing for off-road parking and an enclosed rear garden that enhances outdoor living space. Inside, the layout comprises a welcoming entrance hallway that leads to a kitchen and a spacious lounge/diner, perfect for socialising or relaxing. The upper floor includes two bedrooms alongside a family bathroom. While the interior requires some updating, it stands as a blank canvas ready for your personal touch and modernisation efforts. With its proximity to local amenities, schools, and transport links, including easy access to Derby city centre and major routes like the A38, A52, and M1, this property offers both convenience and investment promise.

Investment Analysis

(DE1 area)

Above Market Value

This property is priced +18.0% above area average per sq ft

+18.0%
This Property
£278/sq ft
Area Average
£236/sq ft
Avg Rent (weekly)
£196
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£149,207
10% above area average per sq ft
Potential ROI
-19.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (DE1)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -4.9%
5 year growth: +8.6%
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

Old Chester Road, Derby, Derbyshire, DE1
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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
£577
Based on a loan of £120,000 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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