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65 Reeves Road, Derby, DE23 8JF

East Midlands

£80,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace house presents an excellent opportunity for renovation and investment in the Normanton area of Derby. The property features a modest layout with two reception rooms and a kitchen on the ground floor, complemented by two bedrooms and a bathroom/WC on the first floor. A rear garden adds potential for outdoor enhancements or landscaping. While the house is currently vacant, it requires modernisation to fully realise its potential, making it a promising project for those looking to add value. Located approximately one mile south of Derby city centre, the property benefits from proximity to local amenities, including shops and parks, as well as convenient transport links, which are vital for attracting future tenants or buyers.

Investment Analysis

(DE23 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DE23)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -2.9%
5 year growth: +5.6%
Investment Disclaimer: Analysis based on DE23 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

65 Reeves Road, Derby, DE23 8JF
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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
£285
Based on a loan of £60,000 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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