Worst House on the Street Logo
South Street, Melbourne, Derby DE73 - Image 1
South Street, Melbourne, Derby DE73 - Image 2
South Street, Melbourne, Derby DE73 - Image 3

South Street, Melbourne, Derby DE73

East Midlands

£275,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1054 sqft

Description

This end terraced three-bedroom home presents an excellent opportunity for renovation and investment in a sought-after area of Melbourne village. The property benefits from existing planning permission, granted in July 2022, for a ground floor extension at the rear (reference dmpa/2022/0956), providing a foundation for expanding the living space. Currently, the layout includes a lounge, dining room, kitchen, utility area, and a WC on the ground floor. Upstairs, you will find three bedrooms and a bathroom with potential for modern upgrading. The private enclosed garden offers additional outdoor space, while useful outbuildings include a laundry area with plumbing and power. With gas central heating and double glazing installed where specified, this property has solid bones but could benefit from updates to meet contemporary standards. The vibrant community features local amenities such as shops, restaurants, and easy commuting routes to major transport links including the A50 and M1, making this home a strategic choice for future development.

Investment Analysis

(DE73 area)

Below Market Value

This property is priced -13.1% below area average per sq ft

-13.1%
Potential saving
This Property
£261/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£347,936
10% above area average per sq ft
Potential ROI
+10.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
92%
Properties sold annually

Local Market Trend (DE73)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +1.1%
5 year growth: +12.3%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£992
Based on a loan of £206,250 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.