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Old Chester Road, Derby, Derbyshire DE1 - Image 1
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Old Chester Road, Derby, Derbyshire DE1

East Midlands

£160,000
Listed on 09/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
575 sqft

Description

Nestled in a desirable residential area, this two-bedroom mid-terrace house provides a compelling opportunity for first-time buyers and investors alike. The property features a private driveway for one vehicle and an enclosed rear garden that invites potential for landscaping or outdoor enhancements. Internally, you will find a welcoming hallway that leads into a good-sized kitchen and an expansive lounge/diner perfect for social gatherings. Upstairs encompasses two well-proportioned bedrooms along with a family bathroom. While the home needs modernisation, it serves as an ideal blank canvas for those looking to infuse their personal style and upgrades. Positioned conveniently close to local amenities, schools, and transport links, this property also ensures easy access to Derby city centre, Darley Park, and major commuter routes including the A38, A52, and M1.

Investment Analysis

(DE1 area)

Above Market Value

This property is priced +16.0% above area average per sq ft

+16.0%
This Property
£278/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£200
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£151,768
10% above area average per sq ft
Potential ROI
-18.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DE1)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -6.6%
5 year growth: +3.8%
Investment Disclaimer: Analysis based on DE1 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

Old Chester Road, Derby, Derbyshire DE1
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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
£567
Based on a loan of £120,000 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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