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Northumberland Street, Derby

East Midlands

£75,000

Listed on 18/07/2026

Property details

Bedrooms
1
Type
Apartment
Area
518 sqft

Description

This ground floor one-bedroom apartment offers an opportunity for those looking to invest in a practical living space in Derby. Situated conveniently near Derby City Centre, this property is within reach of local amenities, transport links including the railway station, and major routes like the A38 and A52. The apartment's current condition suggests potential for light renovation or cosmetic updates, making it particularly appealing for first-time buyers or professionals eager to add personal touches. With a long lease of 118 years remaining and modest ground rent and maintenance fees, it represents a sensible investment choice. Whether you're looking to make it your own or enhance its rental appeal, this property has the bones for a successful project.

Investment analysis

(DE23 area)

Below Market Value

This property is priced -38.8% below area average per sq ft

-38.8%
Potential saving
This Property
£145/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£134,872
10% above area average per sq ft
Potential ROI
+49.9%
After renovation
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
16%
Properties sold annually

Local Market Trend (DE23)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -0.1%
5 year growth: +9.5%
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

Northumberland Street, Derby
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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
£283
Based on a loan of £56,250 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.

Stamp duty calculator

Next Steps

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