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
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Metrics YoY
- Area value
- 100 £
- Rental value
- 20 £
- Rental Yield
- 20 %
- Crime Rate
- 289 %
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 |
Percy Street | £ 0 | 0 | 0.00 KM |
Freehold Street | £ 175,000 | 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, Derbyshire, DE22 | £ 125,000 | BUY | 5 / 10 | 0.00 KM |
King Alfred Street, Derby | £ 144,950 | BUY | 5 / 10 | 0.22 KM |
Spring Street, Derby | £ 120,000 | BUY | 5 / 10 | 0.22 KM |
Riddings Street, Derby | £ 145,000 | BUY | 6 / 10 | 0.23 KM |
King Alfred Street, Derby | £ 140,000 | BUY | 6 / 10 | 0.23 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
1 Pelham Street | £ 82,000 | 0.03 KM |
27 Pelham Street | £ 64,000 | 0.03 KM |
24 Pelham Street | £ 82,000 | 0.03 KM |
14 Pelham Street | £ 84,400 | 0.03 KM |
15 Pelham Street | £ 104,000 | 0.03 KM |