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13 Reeves Road, Derby, DE23 8JF

East Midlands

£90,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace house is a promising investment opportunity for those looking to capitalize on the potential of a property in need of modernisation. Set in a convenient location in Normanton, approximately one mile from Derby city centre, this home offers a blank canvas to create your ideal living space. The property features a rear garden which presents possibilities for landscaping or outdoor enjoyment. Inside, the layout includes two reception rooms and a kitchen on the ground floor, along with two bedrooms and a bathroom upstairs. With vacant possession, you can start planning renovations immediately. The surrounding area provides easy access to local shops and parks as well as excellent transport links, making it a practical choice for future tenants or homeowners alike.

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

13 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
£321
Based on a loan of £67,500 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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