2 Bed Terraced House, Single Let, Derby, DE1 2GF, £135,000

Melbourne Street, Derby, DE1 2GF - a month ago

BTL
ROI: 9%
~61 m²
+5 photos

ValuationOvervalued

Sold Prices£60K - £205K
Sold Prices/m²£833/m² - £3K/m²

 

 

Square Metres

~61.18 m²
Price/m²£2.2K/m²

Value Estimate

£96,019

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Total Cash In

£41,900

 

 

Cash Out

 

Rent Range

£595 - £1,175

Rent Estimate

£925

Running Costs/mo

£627

Cashflow/mo

£298

Cashflow/yr

£3,578

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £205K, average is £120K. £833/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£115K04/230.04 mi55, Melbourne Street, Derby, City Of Derby DE1 2GF2
£114K07/230.2 mi22, Twyford Street, Derby, City Of Derby DE23 8EP2
£115K03/230.24 mi39, Harriet Street, Derby, City Of Derby DE23 8EQ2
£80K08/210.25 mi36, Dashwood Street, Derby, City Of Derby DE23 6SU2
£87K05/230.25 mi42, Dashwood Street, Derby, City Of Derby DE23 6SU2
£140K04/210.29 mi17, Harcourt Street, Derby, City Of Derby DE1 1PW2
£115K05/210.29 mi1, Harcourt Street, Derby, City Of Derby DE1 1PW2
£113K01/230.31 mi1, Webster Street, Derby, City Of Derby DE1 1PT2
£160K05/230.31 mi3, Webster Street, Derby, City Of Derby DE1 1PT2
£128K04/230.32 mi41, Strutt Street, Derby, City Of Derby DE23 8FF2
£98K05/210.36 mi19, Upper Bainbrigge Street, Derby, City Of Derby DE23 6WN2
£125K01/210.36 mi16, Spa Lane, Derby, City Of Derby DE1 1QA2
£95K04/230.36 mi5, Upper Bainbrigge Street, Derby, City Of Derby DE23 6WN2
£125.5K02/230.38 mi239, Abbey Street, Derby, City Of Derby DE22 3ST2
£140K11/210.38 mi13, Wellington Crescent, Derby, City Of Derby DE1 2LZ2
£105K04/230.39 mi10, Industrial Street, Derby, City Of Derby DE23 6WU2
£101K02/210.39 mi9, Industrial Street, Derby, City Of Derby DE23 6WU2
£100K05/230.39 mi237, Abbey Street, Derby, City Of Derby DE22 3ST2
£106K05/230.41 mi29, Provident Street, Derby, City Of Derby DE23 6WS2
£151K02/210.42 mi45, Calvert Street, Derby, City Of Derby DE1 2RQ2
£205K12/220.43 mi5, Sheffield Place, Derby, City Of Derby DE1 2RW2
£129K03/230.44 mi32, Woods Lane, Derby, City Of Derby DE22 3UA2
£100K05/210.44 mi18, Woods Lane, Derby, City Of Derby DE22 3UA2
£120K02/230.47 mi15, Sun Street, Derby, City Of Derby DE22 3UL2
£107K03/210.47 mi29, Sun Street, Derby, City Of Derby DE22 3UL2
£120K07/210.47 mi6, Sun Street, Derby, Derbyshire DE22 3UL2
£82.5K12/220.47 mi54, Silver Hill Road, Derby, City Of Derby DE23 6UJ2
£123K12/220.47 mi62, Silver Hill Road, Derby, City Of Derby DE23 6UJ2
£60K09/210.48 mi17, Fleet Street, Derby, City Of Derby DE23 8GU2
£60K01/210.48 mi17, Silver Hill Road, Derby, Derbyshire DE23 6UL2
£97K07/230.5 mi9, Spring Street, Derby, City Of Derby DE22 3UF2
£87K01/230.5 mi51, Cummings Street, Derby, City Of Derby DE23 6WX2
£150K01/230.5 mi108, Empress Road, Derby, City Of Derby DE23 6TE2
£147K05/210.51 mi52, Warner Street, Derby, City Of Derby DE22 3TS2
£138K01/230.51 mi12, Pelham Street, Derby, City Of Derby DE22 3UG2
£117K10/200.51 mi18, Farm Street, Derby, City Of Derby DE22 3UH2
£95K12/200.51 mi32, Farm Street, Derby, Derbyshire DE22 3UH2
£137K04/230.53 mi30, Howard Street, Derby, City Of Derby DE23 6TW2
£114K04/210.54 mi69, King Alfred Street, Derby, City Of Derby DE22 3QL2
£100K10/210.54 mi65, King Alfred Street, Derby, City Of Derby DE22 3QL2
£130K01/230.54 mi85, King Alfred Street, Derby, City Of Derby DE22 3QL2
£135K04/230.54 mi8, Riddings Street, Derby, City Of Derby DE22 3US2
£125K11/220.54 mi64, Werburgh Street, Derby, City Of Derby DE22 3QG2
£145K08/230.55 mi72, King Alfred Street, Derby, City Of Derby DE22 3QJ2
£123.5K02/210.55 mi24, King Alfred Street, Derby, City Of Derby DE22 3QJ2
£145K04/230.55 mi37, May Street, Derby, City Of Derby DE22 3UQ2
£125K10/200.55 mi77, May Street, Derby, City Of Derby DE22 3UQ2
£132K11/200.57 mi1, Breedon Hill Road, Derby, Derbyshire DE23 6TH2
£133K12/220.57 mi59, Riddings Street, Derby, City Of Derby DE22 3UT2
£135K03/230.58 mi105, Drewry Lane, Derby, City Of Derby DE22 3QS2

Local Rents

50 rents from £595/mo to £1.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£75012/240.02 mi-2
£75012/240.02 mi-2
£65004/240.04 miCharnwood Street, Derby2
£59503/240.06 miHartington Street, Derby, Derbyshire, DE23 8EA2
£75004/240.07 miHartington Street, Derby, Derbyshire, DE232
£98503/240.08 miCharnwood Street, Derby2
£95003/240.1 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£1,05003/240.1 miErasmus Drive, DERBY2
£1,05003/240.1 miErasmus Drive, DERBY2
£1,10003/240.1 miErasmus Drive, DERBY2
£1,10003/240.1 miErasmus Drive, DERBY2
£1,05003/240.1 miErasmus Drive, DERBY2
£1,05003/240.1 miErasmus Drive, DERBY2
£1,10003/240.1 miErasmus Drive, DERBY2
£1,10003/240.1 miErasmus Drive, DERBY2
£1,05004/240.1 miErasmus Drive, DERBY2
£1,05004/240.1 miStrutt House, Derby2
£1,00005/240.1 miErasmus Drive, DERBY2
£1,05005/240.1 miErasmus Drive, Derby2
£1,05003/240.1 miStrutt House, 1 Erasmus Drive, Derby, Derbyshire, DE12
£95003/240.11 miSuede House, 45 John Street, Derby, Derbyshire, DE12
£1,05003/240.11 miSuede House, 33 Castleward Boulevard, Derby, DE12
£1,05003/240.11 miErasmus Drive, DERBY2
£1,05003/240.11 miErasmus Drive, Derby2
£1,05003/240.11 miErasmus Drive, Derby2
£95004/240.11 miErasmus Drive, Derby, Derbyshire, DE12
£95005/240.11 miErasmus Drive, Derby2
£1,10005/240.11 miStrutt House, Erasmus Drive, Derby2
£1,05005/240.11 miErasmus Drive, Derby2
£99503/240.12 miFox House, Derby2
£1,05003/240.12 miErasmus Drive, Derby2
£1,05003/240.12 miFox House, Erasmus Drive, Derby DE1 2ES2
£1,05003/240.12 miErasmus Drive, Derby2
£95004/240.12 miErasmus Drive, Derby2
£1,10005/240.12 miErasmus Drive, Derby2
£95003/240.13 miFox House, 2 Erasmus Drive, Derby, DE12
£1,10003/240.13 miFox House, Erasmus Drive, Derby2
£89503/240.13 miFox House, 2 Erasmus Drive, Derby2
£99504/240.13 miFox House, 2 Erasmus Drive, Derby, Derbyshire, DE12
£92504/240.13 miErasmus Drive, Derby, Derbyshire, DE12
£99505/240.13 miFox House, 2 Erasmus Drive, Derby, Derbyshire, DE12
£1,17512/240.13 mi-2
£92504/240.13 mi2 Erasmus Drive, Derby2
£1,05003/240.13 miSaxelbye Avenue, Derby2
£95005/240.13 miSaxelbye Avenue, Derby2
£1,10003/240.14 miFox House, Erasmus Drive2
£1,05003/240.14 miErasmus Drive, DERBY2
£1,05003/240.14 miErasmus Drive, DERBY2
£1,05003/240.14 miErasmus Drive, DERBY2
£1,05003/240.14 miErasmus Drive, DERBY2

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £135,000

April 1, 2025

Listed for £140,000

February 21, 2025

Floor Plans

Description

  • Spacious & Well Presented, Standard Construction Terrace Home +
  • Two Double Bedrooms +
  • EPC Rating F +
  • Council Tax Band A +
  • Freehold +
  • On Street Parking +
  • Two Good-Sized Reception Rooms +
  • Feature Log Burner +
  • Modern Fitted Kitchen +
  • Generous Shower Room +

With excellent access to the City Centre, this spacious and well-presented, traditional two-bedroom terrace home is beautifully presented throughout and is offered for sale with no upward chain. Benefitting from feature oak flooring, beautiful period style fittings, two reception rooms and a spacious fitted shower room, it must be viewed!

Benefitting from majority double glazing, the accommodation in brief comprises: Dining room with feature oak flooring; spacious lounge with high quality limestone tiled flooring and central log burner; well-appointed 'Martin Moore' fitted kitchen with high specification granite work surfaces and a Quooker boiling water tap; first floor landing; two double bedrooms and a well fitted shower room.

To the rear of the property is a most generous garden space with patio seating area and lawn.

Melbourne Street is a cul-de-sac conveniently located close to local shops, amenities and public transport routes within Derby, as well as access into the city centre and the A38 and A52 road networks.

Agent Details

Hannells Estate Agents, Allestree

01332 215470

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪