Essex Street, Derby
East Midlands
£150,000Guide Price
Listed on 24/10/2026
Listed on 24/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
918 sqftFeatures
- Garden
- Parking
Description
Offered at auction with no upward chain, this three-bedroom semi-detached house is set on a generous plot and requires modernisation. The ground floor includes an entrance porch and hall with understairs storage, a lounge, a fitted kitchen with access to a conservatory, and a bathroom. Upstairs are three bedrooms, with a loft hatch from the landing providing access to the roof space.
At the front, a gated driveway provides off-road parking alongside a lawned area, with side access through to the enclosed rear garden. The rear garden includes a patio and lawn, and a detached outbuilding offers storage or workshop space. The property provides scope for refurbishment and landscaping. The sale is through the Modern Method of Auction, with a reservation fee and buyer information pack; purchasers should review the auction terms and carry out their own checks.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
75out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £150,000, this three-bedroom semi is priced at £163 per sq ft, around 37% below the local average—a strong entry point for a buyer looking to acquire and add value. The dated interiors give the project clear scope: refresh the hall and lounge, replace the older kitchen and finishes, and make the most of the gated driveway, gardens and detached outbuilding.
Key opportunities
- Acquire at a notably below-average asking price per square foot, leaving scope to create value through modernisation.
- Replace the dated kitchen and refresh the patterned decoration and older flooring to give the principal living areas a more contemporary feel.
- Improve the lawn-and-patio garden and make practical use of the detached outbuilding, gated driveway and side access.
Key risks
- The outbuilding shows external staining and weathering, and its roof condition cannot be confirmed from the available views.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£567
Based on a loan of £112,500 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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