2-bedroom house · DE23 8UN
To rentListed 48 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 3007053. Property Description: Fully refurbished two bedroom terraced house located in Normanton.
The property features two reception rooms, two bathrooms, double bedrooms, and a rear garden. New carpets have been fitted throughout, alongside a newly installed kitchen and bathrooms.
Conveniently located for local shops, schools, and within walking distance to amenities.
Key Information: Rent: £940.00 pcm ( Rent excludes tenancy deposit and any other permitted payments ) Tenancy Deposit: £1,084.61 Holding Deposit: £216.92 (required to reserve the property) EPC Rating: C Council Tax Band: A Heating: Gas heating with standard meters Parking: On-street parking available Broadband: Standard, Superfast, and Ultrafast available Mobile Coverage: Coverage available across major networks Summary & Exclusions: - Rent Amount: £940.00 per month (£216.92 per week) - Deposit / Bond: £1,084.61 - 2 Bedrooms - 2 Bathrooms - Property comes unfurnished - Available to move in from 20 October 2026 - Maximum number of tenants is 4 - Students welcome to enquire - No Smokers - Bills not included - Property has parking - Property has garden access - EPC Rating: C If calling, please quote reference: 3007053 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Balfour Road, Derby
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