May Street, Derby DE22
East Midlands
£90,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
711 sqftFeatures
- Garden
Description
This mid-terrace property is described as having two reception rooms, a kitchen, three bedrooms and a family bathroom. The ground floor arrangement runs from the living room through to a separate dining room, with the kitchen at the rear and access to the garden. Upstairs are three bedrooms and the bathroom.
The rear garden offers scope for improvement, while on-street parking is available at the front. The listing notes access to local shops, schools, supermarkets, leisure facilities and public transport, with Derby City Centre within easy reach. The property is freehold and is presented as an opportunity to update the accommodation over time.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
65out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £90,000, this three-bedroom terrace is priced at about £127/sq ft, around half the local average, making the asking price a clear opportunity to acquire well below the area benchmark. The two reception rooms and generous rear garden give the project useful scope, while its convenient position close to Derby city centre adds to the appeal.
This is a substantial renovation canvas: the photographed kitchen and bathroom are in poor condition, finishes are worn across the living spaces and bedrooms, and ceiling deterioration and discolouration need investigation. The overgrown garden also offers room to create a more usable outdoor space. The existing £42,000–£78,000 renovation range signals a full-gut scale of work; the engine’s £150,000 purchase-plus-midpoint figure is below its implied local average value, but that is not a renovated GDV and excludes fees and stamp duty.
Key opportunities
- The two reception rooms provide scope to refresh and personalise distinct living and dining spaces.
- A generous rear garden can be cleared and reshaped into a more usable outdoor area.
- The low asking price relative to local £/sq ft offers room to acquire this three-bedroom terrace at a substantial discount to the area benchmark.
Key risks
- Worn finishes throughout the photographed spaces, damaged kitchen and bathroom finishes, and ceiling deterioration make the £42,000–£78,000 works range a full-gut programme rather than a cosmetic refresh.
- Ceiling damage and discolouration need investigation and repair; the roof and rainwater goods condition cannot be confirmed from the photographs.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£340
Based on a loan of £67,500 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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