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South Street, Melbourne, Derby DE73

East Midlands

£275,000
Listed on 11/04/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
1054 sqft

Description

This charming three-bedroom end-terrace home is nestled in the highly sought-after Melbourne village, offering significant potential for renovation and extension. Previously granted planning permission in July 2022 for a rear ground floor extension, the property presents an opportunity for those looking to enhance its living space (ref dmpa/2022/0956). The layout currently comprises a cozy lounge and dining room on the ground floor, along with a fitted kitchen, utility lean-to, and a convenient WC. The first floor consists of three well-proportioned bedrooms and a bathroom. Outside, the private enclosed garden features low-maintenance gravel and outbuildings that add to its utility, including a brick shed and laundry space with plumbing. Located within easy reach of local amenities such as shops, pubs, and recreational facilities, this property is perfect for both investors and families alike who wish to capitalize on its existing structure while adding their personal touch. The proximity to major transport links like the A50 and M1 enhances its appeal for commuters.

Investment Analysis

(DE73 area)

Below Market Value

This property is priced -13.9% below area average per sq ft

-13.9%
Potential saving
This Property
£261/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£250
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£351,182
10% above area average per sq ft
Potential ROI
+9.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE73)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -2.9%
5 year growth: +7.9%
Investment Disclaimer: Analysis based on DE73 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

South Street, Melbourne, Derby DE73
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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
£974
Based on a loan of £206,250 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

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