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65 Reeves Road, Derby, DE23 8JF, Derby, DE23 8JF

East Midlands

£35,000

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Terraced

Description

This mid-terraced house, offered as a vacant freehold, presents an excellent investment opportunity in Normanton, Derby. The property is in need of comprehensive modernization, making it a suitable project for developers, investors, or future homeowners looking to create their ideal living space. The ground floor features a welcoming entrance hall leading to two reception areas and a practical kitchen. Upstairs, you will find two generously sized bedrooms along with a family bathroom. With refurbishment required throughout, this property is poised for significant value enhancement. The outdoor rear garden provides additional potential for landscaping or personal touches that could further elevate the property's appeal. Conveniently located near local amenities and excellent transport links to key cities such as Birmingham and Nottingham, this property offers both accessibility and the promise of capital appreciation through thoughtful upgrades.

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Investment analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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, 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
£132
Based on a loan of £26,250 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.

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