2-bedroom terraced house · DE22 3RF
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a conveniently located, traditional, mid-terrace residence occupying a popular location close to the centre of Derby.
The property is sold with the benefit of no upper chain and offers a good opportunity for a first time buyer or a buy to let investor.
The property has been achieving a rental income of between £1100 and £1200 per calendar month, representing a rental yield of at least 8.4% based on the asking price.
The property is double glazed and gas central heated with entrance hall, front reception room (previously used as a bedroom), lounge, kitchen, L-shaped landing, two bedrooms and a bathroom.
To the rear of the property is a long, enclosed garden and there is on-road parking to the front.
The Location - The property is within easy reach of a full range of amenities in Derby City centre as well as being in close proximity to Derby Royal Hospital.
Accommodation - Ground Floor - Hallway - 4.43 x 0.80 (14'6" x 2'7") - An entrance door provides access to hallway with central heating radiator, feature archway, dado rail and staircase to first floor.
Front Reception Room - 3.53 x 2.96 (11'6" x 9'8") - Previously used as a bedroom with central heating radiator, understairs storage cupboard, decorative, dado rail and double glazed window to front.
Lounge - 3.77 x 3.48 (12'4" x 11'5") - Having a central heating radiator and double glazed window to rear.
Kitchen - 3.01 x 1.97 (9'10" x 6'5") - Comprising wood effect worktops with tiled surrounds, inset stainless steel sink unit, fitted base cupboards and drawers, complementary wall mounted cupboards, insert four plate gas hob, built-in oven, appliance space suitable for fridge freezer and washing machine, breakfast bar and French doors to garden.
First Floor Landing - 5.61 x 2.96 x 1.07 x 0.88 (18'4" x 9'8" x 3'6" x 2 - An L-shaped passage landing.
Bedroom One - 3.50 x 2.30 (11'5" x 7'6") - With central heating radiator, fitted wardrobe and double glazed window to front.
Bedroom Two - 3.48 x 2.39 (11'5" x 7'10") - Having a central heating radiator, fitted wardrobe and double glazed window to rear.
Bathroom - 2.88 x 1.95 (9'5" x 6'4") - Appointed with a low flush WC, vanity unit with wash handbasin and cupboard beneath, panelled bath with shower over, central heating radiator, airing cupboard and double glazed window to rear.
Outside - To the rear of the property is a very good sized garden which is mainly lawn and features brick walling, timber fencing, mature trees and shrubs. Council Tax Band A -
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Peet Street, Derby
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