We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · DE1 1DN
Sold STCListed 76 daysAuction 1 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Auction on 01 October 2026.
***SUPERB FREEHOLD BTL RESIDENTIAL INVESTMENT*** Enjoying a well-regarded residential location, located just off the fashionable Friar Gate area, known for its period architecture, bars and restaurants is a well-equipped two bedroomed mid terraced property with parking to the rear and vacant possession.
Internally the property offers neutral décor along with being uPVC double glazed and gas centrally heated and in brief comprises:- Rear entrance hall, re-fitted kitchen with built-in-appliances, generous sized lounge through diner.
To the first floor landing there are two well proportioned bedrooms and bathroom with three piece suite in white with shower.
Immediately to the rear there is an enclosed car park shared by number 59 and 63 accessed from Ambrose Terrace.
The property is also conveniently positioned for Derby city centre, the Royal Derby Hospital and the A38 which provides swift access onto Toyota, Burton, A50 and further regional business centres.
Rear Entrance Hall Having uPVC double glazed entrance door, central heating radiator, and door to the lounge.
Front Lounge 16ft 9 x 13ft 5 max Having uPVC double glazed picture window, central heating radiator, and stairs to the first floor.
Rear Kitchen 10ft 0 x 6ft 3 Having fairly modern fitments comprising, two double base units, one single base unit, drawers, one double wall unit, and one single wall unit, together with integrated electric hob with stainless steel and glass canopy over extractor hood and light.
Integrated electric oven, single drainer sink unit, work surface areas with tiled splashbacks, uPVC double glazed window to the rear.
Airing cupboard housing a Vokera wall mounted gas fired combination boiler providing domestic hot water and central heating. Landing Having doors off to all rooms.
Front Bedroom One 12ft 7 x 10ft 3 plus recess Having built in wardrobe/cupboard, uPVC double glazed window, central heating radiator, and access to the loft space.
Rear Bedroom Two 11ft 6 x 8ft 1 max Having uPVC double glazed window, and central heating radiator.
Bathroom Having white suite comprising, pedestal wash hand basin, low level wc, and panelled bath with shower over, together with heated chrome towel rail, part tiled walls, and a uPVC double glazed window.
Outside Rear yard having single car standing space.
Draft Sales Particulars These sales details are awaiting vendor approval Tenure: Freehold EPC Rating: C Terms: Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts: • 5% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 4.8% inc.
VAT of the purchase price (subject to a minimum of £6,000 inc. VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack.
You must read the Legal Pack carefully before bidding. Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs

FAQ
About 61 Larges Street, Derby DE1 1DN
Explore nearby