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King Alfred Street, City Centre Of Derby DE22

East Midlands

£135,000
Listed on 09/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1223 sqft

Description

This spacious two/three-bedroom traditional terrace house offers an impressive footprint exceeding 1200 sq.ft., resembling the layout commonly found in larger four-bedroom homes. The property presents a unique opportunity for those looking to invest in a versatile living space that can accommodate the needs of families or professionals alike, and it also holds significant potential for future extensions, subject to necessary planning permissions. Inside, you'll find two sizable double bedrooms, with the option to convert additional rooms for extra sleeping quarters or office space. The expansive ground floor showcases generous reception areas that invite customization, while the modern kitchen, recently updated, is ready for everyday use. A contemporary touch is evident throughout, featuring a stylish grey finish across all rooms. The main bathroom includes a modern shower with a spacious walk-in design. Outside, the rear garden offers a low-maintenance retreat suitable for relaxation or potential landscaping enhancements. Situated within walking distance to a lively city center, this property is not only practical but also filled with character and investment potential.

Investment Analysis

(DE22 area)

Below Market Value

This property is priced -55.8% below area average per sq ft

-55.8%
Potential saving
This Property
£110/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£335,720
10% above area average per sq ft
Potential ROI
+91.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DE22)

Area prices are stable by +1.8% over the last 12 months
3 year growth: +11.8%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on DE22 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

King Alfred Street, City Centre Of Derby DE22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,250 over 30 years at 3.91% 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

Price History

-22.9% since listed
£135,000£15,000(-10.0%)
24/05/2025
Current price
£150,000£10,000(-6.3%)
15/05/2025
£160,000£15,000(-8.6%)
09/04/2025
£175,000Initial listing
28/03/2025

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