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65 Reeves Road, Derby, DE23 8JF

East Midlands

£68,000

Listed on 12/06/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace house presents a promising opportunity for renovation in the Normanton area of Derby. With a rear garden, the property is situated conveniently close to local amenities and just a mile from the city centre, making it an attractive prospect for both homeowners and investors. The house is currently vacant and requires modernisation, offering potential to enhance value through thoughtful updates. The ground floor consists of two reception rooms and a kitchen, while upstairs are two bedrooms and a bathroom/WC. Given its location near transport links, parks, and essential services, this property could be transformed into a desirable home or rental unit with the right renovations.

Investment Analysis

(DE23 area)
Area Average
£236/sq ft
Avg Rent (weekly)
£210
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (DE23)

Area prices are falling by -2.3% over the last 12 months
3 year growth: -1.4%
5 year growth: +8.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£257
Based on a loan of £51,000 over 30 years at 4.45% 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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