Riddings Street, DERBY
East Midlands
£72,000Guide Price
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1001 sqftFeatures
- Garden
Description
Offered at auction, this three-bedroom terraced house is a short distance from Abbey Street and provides access to Derby city centre, local shops, schools, places of worship, Stockbrook Park and bus routes. The accommodation comprises a lounge, separate dining room, kitchen, rear hall and bathroom on the ground floor, with three bedrooms upstairs. A rear yard provides outdoor space.
Previously rented for many years, the property is described as requiring modernisation and offers scope for improvement. The sale is scheduled for 17 November 2026, with bidder registration required in advance. Buyers should review the legal pack and auction conditions, including the stated documentation charge. The property is freehold, has an EPC rating of D and is in Council Tax Band A.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
72out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £72,000, this three-bedroom Derby terrace is exceptionally cheap against the local £/sqf benchmark, giving a buyer an attractive entry point for a value-adding project. It has two separate reception rooms and a traditional brick frontage, with access to city-centre amenities. The photographed interiors show worn carpets and staining or discolouration in several rooms, alongside a tired kitchen and bathroom, so there is clear scope to modernise and rework the finish throughout. The renovation range is £38,000–£68,000; the £125,000 purchase-plus-midpoint figure is a comparison with the implied local average value, not a GDV or an all-in cost. As this is an auction guide, bidding can take the hammer above £72,000, so the eventual price may not stay this cheap.
Key opportunities
- The two separate reception rooms offer scope to create distinct living and dining spaces with a more cohesive modern finish.
- A dated kitchen and bathroom provide clear opportunities to replace fittings and finishes as part of a whole-house improvement.
- The traditional brick terrace and paved frontage give the project a solid street-facing starting point.
Key risks
- The £38,000–£68,000 works range and staining or discolouration across several photographed rooms make this a substantial, multi-room programme rather than a cosmetic refresh.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£272
Based on a loan of £54,000 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.
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