Potential 4-Bed HMO, Derby, DE1 2GF £165,000

Melbourne Street, Derby, Derbyshire, DE1 2GF - 33 views - 8 months ago

HMO

Inside Article 4

ROI: 13%

~120 m²

ValuationUndervalued

Sold Prices	£90K - £295K
Sold Prices/m²	£610/m² - £3.4K/m²

Square Metres	~119.60 m²
Price/m²	£1.4K/m²
Value Estimate	£204,296£204,296
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£41,250£41,250
Stamp Duty & Legal Fees	£10,600£10,600
Total Cash In	£51,850£51,850

Cash Out
Room Rate	£494£494
Gross Rent	£1,976£1,976
Running Costs/mo	£1,362£1,362
Cashflow/mo	£614£614
Cashflow/yr	£7,369£7,369
ROI	14%14%
Gross Yield	14%14%

Local Sold Prices

50 sold prices from £90K to £295K, average is £161.8K. £610/m² to £3.4K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	08/22	0.2 mi	16, Lime Avenue, Derby, City Of Derby DE1 1TU	£2,381	92	3	Semi-Detached House
£240K	11/24	0.2 mi	65, Saxelbye Avenue, Derby DE1 2UH	£3,429	70	3	Terraced House
£130K	06/23	0.2 mi	7, Renals Street, Derby, City Of Derby DE23 6SJ	£1,074	121	3	Terraced House
£160K	06/21	0.23 mi	138, Burton Road, Derby, City Of Derby DE1 1TN	£1,860	86	3	Semi-Detached House
£165K	06/21	0.23 mi	12, Salisbury Street, Derby, Derbyshire DE23 6SL	£1,146	144	3	Terraced House
£100K	03/25	0.27 mi	168, Burton Road, Derby DE1 1TQ	£610	164	3	Terraced House
£100K	03/25	0.27 mi	168, Burton Road, Derby DE1 1TQ	-	-	3	Terraced House
£160K	12/22	0.27 mi	151, Gerard Street, Derby, City Of Derby DE1 1PE	£2,025	79	3	Terraced House
£227.5K	05/25	0.28 mi	178, Burton Road, Derby DE1 1TQ	£2,031	112	3	Semi-Detached House
£227.5K	05/25	0.28 mi	178, Burton Road, Derby DE1 1TQ	-	-	3	Semi-Detached House
£265K	03/25	0.32 mi	12, Liversage Road, Derby DE1 2BP	£3,011	88	3	Terraced House
£265K	03/25	0.32 mi	12, Liversage Road, Derby DE1 2BP	-	-	3	Terraced House
£265K	04/23	0.34 mi	23, Hope Street, Derby DE1 2LL	£3,397	78	3	Detached House
£265K	04/23	0.34 mi	23, Hope Street, Derby DE1 2LL	-	-	3	Detached House
£161.5K	12/24	0.38 mi	11, Sun Street, Derby DE22 3UL	£1,648	98	3	Terraced House
£135K	10/22	0.39 mi	38, Crompton Street, Derby, City Of Derby DE1 1NX	-	-	3	Terraced House
£150K	11/22	0.42 mi	39, Howard Street, Derby, City Of Derby DE23 6TX	£1,630	92	3	Terraced House
£115K	05/21	0.43 mi	12, Spring Street, Derby, City Of Derby DE22 3UF	£1,337	86	3	Semi-Detached House
£250K	02/23	0.43 mi	96, Empress Road, Derby, City Of Derby DE23 6TE	£2,660	94	3	Semi-Detached House
£157K	08/21	0.45 mi	36, St Chads Road, Derby, Derbyshire DE23 6RR	-	-	3	Terraced House
£108.5K	09/21	0.48 mi	41, May Street, Derby, City Of Derby DE22 3UQ	-	-	3	Terraced House
£123.5K	03/23	0.48 mi	84, Northumberland Street, Derby, City Of Derby DE23 6UA	-	-	3	Terraced House
£170K	06/25	0.48 mi	61, Riddings Street, Derby DE22 3UT	£1,604	106	3	Terraced House
£170K	06/25	0.48 mi	61, Riddings Street, Derby DE22 3UT	-	-	3	Terraced House
£151K	02/23	0.5 mi	164, Woods Lane, Derby, City Of Derby DE22 3UE	£1,961	77	3	Terraced House
£150K	10/21	0.5 mi	41, Byron Street, Derby, City Of Derby DE23 6TU	£1,742	86	3	Terraced House
£156.8K	05/23	0.51 mi	36, Sale Street, Derby, City Of Derby DE23 8GD	£1,128	139	3	Terraced House
£134.9K	01/23	0.51 mi	23, Wolfa Street, Derby, City Of Derby DE22 3SE	£1,730	78	3	Terraced House
£134K	05/23	0.51 mi	127, Grange Street, Derby, City Of Derby DE23 8HD	-	-	3	Terraced House
£102K	12/22	0.51 mi	27, Church Street, Derby, City Of Derby DE23 6QT	£962	106	3	Terraced House
£242.5K	12/22	0.52 mi	12, Railway Terrace, Derby, City Of Derby DE1 2RU	£2,417	100	3	Terraced House
£145K	09/21	0.53 mi	16, Crown Street, Derby, City Of Derby DE22 3UR	£1,667	87	3	Terraced House
£225K	06/21	0.53 mi	4, Railway Terrace, Derby, City Of Derby DE1 2RU	-	-	3	Semi-Detached House
£215K	09/21	0.53 mi	50, Stonehill Road, Derby, Derbyshire DE23 6TJ	£1,693	127	3	Semi-Detached House
£155K	03/23	0.54 mi	19, Drewry Lane, Derby, City Of Derby DE22 3QS	£2,039	76	3	Terraced House
£295K	12/24	0.55 mi	212, Siddals Road, Derby DE1 2PW	£2,706	109	3	Terraced House
£295K	12/24	0.55 mi	212, Siddals Road, Derby DE1 2PW	-	-	3	Detached House
£160K	05/23	0.55 mi	20, Sherwood Street, Derby, City Of Derby DE22 3UW	£2,282	70	3	Terraced House
£245K	03/25	0.58 mi	45, Vicarage Avenue, Derby DE23 6TQ	£2,333	105	3	Terraced House
£245K	03/25	0.58 mi	45, Vicarage Avenue, Derby DE23 6TQ	-	-	3	Terraced House
£135K	03/23	0.58 mi	82, Curzon Street, Derby, City Of Derby DE1 1LP	-	-	3	Terraced House
£200K	09/21	0.59 mi	104, St Chads Road, Derby, City Of Derby DE23 6RP	£1,515	132	3	Semi-Detached House
£200K	08/21	0.6 mi	56, Vicarage Avenue, Derby, City Of Derby DE23 6TP	£1,478	135	3	Semi-Detached House
£90K	08/21	0.61 mi	143, Lower Dale Road, Derby, City Of Derby DE23 6XA	£1,169	77	3	Terraced House
£145K	06/21	0.61 mi	35, Fairfax Road, Derby, City Of Derby DE23 6RX	£879	165	3	Terraced House
£169K	04/25	0.62 mi	56, Harrison Street, Derby DE22 3UU	£2,315	73	3	Terraced House
£169K	04/25	0.62 mi	56, Harrison Street, Derby DE22 3UU	-	-	3	Terraced House
£163K	07/21	0.63 mi	12, Horton Street, Derby, City Of Derby DE23 8LN	£1,116	146	3	Semi-Detached House
£125K	03/23	0.63 mi	8, Percy Street, Derby, City Of Derby DE22 3WD	£2,228	56	3	Semi-Detached House
£162K	08/21	0.63 mi	20, Fairfax Road, Derby, City Of Derby DE23 6RW	£1,723	94	3	Semi-Detached House

Local Area Statistics

Population in DE1	14,04614,046
Population in Derby	308,324308,324
Town centre distance	0.09 miles away0.09 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Price changed to £165,000

August 23, 2025

Price changed to £170,000

August 7, 2025

Listed for £180,000

March 21, 2025

Floor Plans

Description

Configured For A HMO +
Mid Terrace Property +
On Street Parking - Permit Parking +
Three Reception Rooms +
Three Bedrooms +
No Upward Chain +
Close Proximity To Derby City Centre +

Leaders are pleased to present this three bedroom Mid Terraced house also configured as a five bedroom HMO, located close to Derby City Centre and providing good access to Derby and Peartree Train Stations. The property is entered to the front elevation into an entrance hall providing access to all downstairs accommodation. The property consists of three reception rooms and kitchen with access out to the rear garden. To the first floor landing there are three bedrooms, shower room and separate family bathroom. To the rear is the enclosed low maintenance garden. Viewings of this property are highly recommended to truly appreciate the size and potential of the accommodation on offer!

Agent Details

Leaders Sales, Derby

020 3909 9670

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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