Commerce Street, Melbourne, DE73 8FT
Melbourne Sales & Lets logo

Commerce Street, Melbourne, DE73 8FT

By Melbourne Sales & Lets

£ 185,000

Reviews

3 out of 5 stars

Melbourne Sales & Lets says ..

A lovely character cottage with many original features including beamed ceilings and latch doors. Located in the sort after market town of Melbourne. Realistically priced for an early sale! Ideal for a first time buyer or buy to let investor. Gas centrally heated and double ...

Property Oracle says ..

This one-bedroom terraced house in Melbourne, Derbyshire, presents a potentially attractive proposition for first-time buyers or investors. Located on Commerce Street, it benefits from being close to highly-rated primary schools, Melbourne Junior and Infant School. The property shows evidence of modernisation, particularly in the kitchen and bathroom, which appear to be recently updated. The exposed beams add a touch of character and charm. The small, but well-maintained, rear garden provides a private outdoor space. The lack of precise square footage data for comparable properties makes it challenging to definitively assess the price per square foot, but the asking price seems to be in line with the general market value for similar properties in the area. While the property is in good condition, potential buyers should undertake a thorough survey to assess its structural integrity and identify any potential maintenance issues. The proximity to Peartree train station offers a reasonable commuting option, adding to the property’s overall appeal. Overall, this property represents a solid investment opportunity in a desirable location, subject to the usual property purchase due diligence.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
7
Location
7
Land
4
Bedrooms
1
Bathrooms
1
Sqft (est)
461.99

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
336,779.00 £
Decreased by 3.20 %
from 347,909.00 £
Est sale value
141,830.93 £
Decreased by 18.57 %
from 174,170.23 £
Average area rental value
1,349.00 £/mo
Increased by 26.31 %
from 1,068.00 £/mo
Est letting value
461.99 £/mo
Unchanged by 0.00 %
from 461.99 £/mo
Est rental Yield
4.81 %
Increased by 30.71 %
from 3.68 %
Crime Rate
16.00 %
Unchanged by 0.00 %
from 16.00 %

Agent Activity

  • Melbourne Sales & Lets created the listing.

Nearby Schools

NameTypeOfstedDistance
Melbourne Junior SchoolCommunity SchoolGood0.94 KM
Melbourne Infant SchoolCommunity SchoolOutstanding1.06 KM
Chellaston Fields Spencer AcademyFree Schools4.19 KM
St Hardulph'S Church Of England Primary SchoolVoluntary Controlled SchoolGood4.52 KM
Weston-On-Trent Cofe (Va) Primary SchoolVoluntary Aided SchoolGood4.68 KM

Images

Lounge Breakfast Kitchen Bedroom One Spacious Bathroom Utility room Long rear garden Long rear garden

Nearby Streets

NameAverage PriceAverage SqftDistance
FP39 £ 670,00000.00 KM
Riding Bank £ 975,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Peartree1687PEA9.17 KM

Nearby Listings

AddressPriceTypeScoreDistance
Commerce Street, Melbourne, DE73 8FT £ 185,000BUY6 / 100.00 KM
George Street, Melbourne, DE73 £ 295,000BUY6 / 100.11 KM
Commerce Street, Melbourne, Derby £ 795,000BUYUnknown0.14 KM
Commerce Street, Melbourne, Derby £ 950,000BUYUnknown0.14 KM
Commerce Street, Melbourne, Derby £ 845,000BUYUnknown0.14 KM

Nearby Properties

AddressPriceDistance
8 George Street £ 220,0000.11 KM
11 George Street £ 212,5000.11 KM
10 George Street £ 190,0000.11 KM
6 George Street £ 285,0000.11 KM
1 George Street £ 320,0000.11 KM