Pelham Street, Derby, Derbyshire, DE22
By Frank Innes
£ 125,000
Reviews
2 out of 5 stars
Frank Innes says ..
**IDEAL INVESTMENT OPPORTUNITY WITH A TENANT IN SITU** A traditional mid terraced house offering two bedrooms and two reception rooms with a tenant contracted until November 2025 generating annual gross income of £9,000. Located with good access to both the city centre and Royal Derby...
Property Oracle says ..
This two-bedroom terraced house in Derby’s Abbey area presents a mixed bag. Its location is a definite plus, offering easy access to schools, transport links, and the city centre. The proximity to Becket Primary School, rated ‘Good’ by Ofsted, is a significant draw for families. The nearby train station facilitates commutes. However, the property’s condition is a primary concern. While structurally sound, the interior requires significant modernisation. The decor is dated, and the kitchen and bathroom would benefit from a full upgrade. The garden is small and overgrown. The current tenant, however, creates a positive aspect for potential investors. The lack of precise plot-size data restricts a full valuation. In summary, the property presents an opportunity for either a homeowner willing to renovate, or an investor who can leverage the existing tenant to offset the cost of modernisation and achieve rental income.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 7
- Land
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 724.41
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 350,323.00 £Decreased by 1.18 %
- Est sale value
- 312,220.71 £Increased by 20.73 %
- Average area rental value
- 1,334.00 £/moDecreased by 2.49 %
- Est letting value
- 724.41 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.57 %Decreased by 1.30 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Frank Innes marked this listing as sold.
Frank Innes created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Becket Primary School | Community School | Good | 0.15 KM |
| Becket Children'S Centre | Children's Centre | 0.23 KM | |
| St Joseph'S Catholic Voluntary Academy | Academy Converter | 0.64 KM | |
| Firs Primary School | Academy Sponsor Led | 0.67 KM | |
| Babington Children'S Centre | Children's Centre | 0.68 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Arbor Close | £ 119,950 | 0 | 0.00 KM |
| Summerbrook Court | £ 120,000 | 0 | 0.00 KM |
| Boyer Street | £ 0 | 0 | 0.00 KM |
| Boyer Walk | £ 0 | 0 | 0.00 KM |
| Spa Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Derby | 1823 | DBY | 2.52 KM |
| Peartree | 1687 | PEA | 2.64 KM |
| Duffield | 1691 | DFI | 7.95 KM |
| Spondon | 1699 | SPO | 8.31 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Pelham Street, Derby | £ 125,000 | BUY | 4 / 10 | 0.00 KM |
| Pelham Street, Derby, Derbyshire, DE22 | £ 125,000 | BUY | 5 / 10 | 0.00 KM |
| Spring Street, Derby, DE22 | £ 130,000 | BUY | 6 / 10 | 0.04 KM |
| Spring Street, Derby | £ 110,000 | BUY | 5 / 10 | 0.06 KM |
| Farm Street, Derby, Derbyshire | £ 115,000 | BUY | 4 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 14 Pelham Street | £ 84,400 | 0.03 KM |
| 27 Pelham Street | £ 64,000 | 0.03 KM |
| 11 Pelham Street | £ 105,000 | 0.03 KM |
| 26 Pelham Street | £ 140,000 | 0.03 KM |
| 6 Pelham Street | £ 136,000 | 0.03 KM |