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33 South Street, Melbourne, Derby DE73 8GB

East Midlands

£225,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This substantial three-bedroom terraced home is located just a short walk from the charming town centre, making it an intriguing investment opportunity. While the property is currently well-maintained, it presents a clear potential for modernization and improvement. The layout comprises a welcoming entrance lobby, a lounge, a breakfast kitchen, and a separate dining room, alongside useful storage options and garage access. The first floor features three genuine double bedrooms, each adorned with period cast iron fireplaces and ample wardrobe space, plus both en-suite and family bathrooms. Investors may find significant value in reconfiguring the ground floor to create a spacious open-plan living area that could enhance the living experience. There is also potential to convert part of the first floor into an additional bedroom subject to planning regulations. The rear garden offers privacy and established greenery, ideal for outdoor enhancements. Located near the National Forest and within reach of various local amenities, this property not only serves as a home but also as an excellent canvas for renovation that can increase its market appeal.

Investment Analysis

(DE73 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE73)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -2.9%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on DE73 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

33 South Street, Melbourne, Derby DE73 8GB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£803
Based on a loan of £168,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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