Merchant Street, Derby
AS

Merchant Street, Derby

By Ashley Adams

£ 140,000

Reviews

2 out of 5 stars

Ashley Adams says ..

NO CHAIN- A fantastic opportunity for a first time buyer or investor to acquire this two double bedroom terrace property off Ashbourne Road.

Property Oracle says ..

This two-bedroom terraced property located on Merchant Street in Derby, Derbyshire, is currently listed at £140,000. The property features a small rear yard and a relatively compact plot size. Based on the photographs provided, the interior of the property appears clean and reasonably well-maintained, though not luxurious. The kitchen and bathroom seem recently updated, presenting a positive aspect. The flooring is somewhat dated but functional.

The location offers several advantages for potential buyers. Families will find the property’s proximity to well-regarded primary schools convenient. Public transport connections to Derby city centre and surrounding areas also appear suitable. However, the immediate street environment may not appeal to all potential buyers, as indicated by the nature of neighbouring businesses.

In summary, this property presents a reasonably priced option for first-time buyers or investors seeking a property in a convenient location with reasonably good transport and education facilities. However, potential buyers should be aware of the limited land and need for future updates. The property is not ideal for larger families who would likely need to undertake extensions or upgrade in the medium term. The property is primarily suitable for investors or smaller families who may prioritize location and affordability over extensive outdoor space.

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
6
Location
6
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
700.00

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
288,908.00 £
Increased by 7.51 %
from 268,724.00 £
Est sale value
205,100.00 £
Increased by 13.57 %
from 180,600.00 £
Average area rental value
825.00 £/mo
Increased by 15.87 %
from 712.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.43 %
Increased by 7.86 %
from 3.18 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Ashley Adams created the listing.

Nearby Schools

NameTypeOfstedDistance
Ashgate Primary SchoolCommunity SchoolGood0.13 KM
Jasmine Hall SchoolOther Independent Special School0.19 KM
Ashgate Nursery SchoolLocal Authority Nursery SchoolGood0.30 KM
Whitecross Nursery SchoolLocal Authority Nursery SchoolOutstanding0.59 KM
Derby Cathedral SchoolFree Schools0.61 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Noel Street £ 000.00 KM
Stepping Close £ 000.00 KM
Markeaton Brook Walk £ 000.00 KM
Saint John's Terrace £ 000.00 KM
Boundary Road £ 140,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Derby1823DBY3.64 KM
Peartree1687PEA4.08 KM
Duffield1691DFI6.92 KM
Spondon1699SPO9.38 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merchant Street, Derby £ 140,000BUY5 / 100.00 KM
Merchant Street, Derby £ 285,000BUY6 / 100.00 KM
Merchant Street, Derby £ 149,950BUY6 / 100.02 KM
Merchant Street, Derby £ 155,000BUY6 / 100.04 KM
Merchant Street, Derby £ 145,000BUYUnknown0.07 KM

Nearby Properties

AddressPriceDistance
16 Merchant Street £ 90,0000.00 KM
23 Merchant Street £ 120,0000.00 KM
8 Merchant Street £ 104,0000.00 KM
22 Merchant Street £ 35,0000.00 KM
19 Merchant Street £ 122,5000.00 KM