Gerard Street North, Derby
AS

Gerard Street North, Derby

By Ashley Adams

£ 250,000

Reviews

2 out of 5 stars

Ashley Adams says ..

Investment opportunity - seven bedroom HMO located in Derby City Centre.

Property Oracle says ..

This seven-bedroom property located on Gerard Street North in Derby’s Arboretum area presents itself as an investment opportunity, possibly suited for use as a House of Multiple Occupancy (HMO). The exterior of the property looks well-maintained, but the interior photos reveal a property in need of modernisation and updating. The bathrooms, in particular, show signs of age and could benefit from refurbishment. The kitchen is functional but feels dated. The bedrooms are of varying sizes, some showing signs of wear and tear from previous use; however, the overall space suggests potential for improvements that could add to rental yield. The presence of a rear garden adds some outside space, though it is currently overgrown. The provided data on nearby properties gives a range of prices, complicating a clear assessment of the list price’s accuracy without full details on square footage for each. The proximity to Derby city centre, good transport connections, and nearby schools enhances the property’s location. However, a comprehensive market analysis is necessary before giving a final verdict on the price’s competitiveness. Overall, potential buyers or investors must consider the need for modernisation against the location and potential rental income when assessing this property’s value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
5
Location
7
Land
3
Bedrooms
7
Bathrooms
2
Sqft (est)
1,000.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
241,538.00 £
Increased by 19.85 %
from 201,530.00 £
Est sale value
317,000.00 £
Increased by 20.99 %
from 262,000.00 £
Average area rental value
906.00 £/mo
Increased by 1.12 %
from 896.00 £/mo
Est letting value
1,000.00 £/mo
Unchanged by 0.00 %
from 1,000.00 £/mo
Est rental Yield
4.50 %
Decreased by 15.73 %
from 5.34 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Ashley Adams created the listing.

Nearby Schools

NameTypeOfstedDistance
Becket Children'S CentreChildren's Centre0.37 KM
Becket Primary SchoolCommunity SchoolGood0.46 KM
St Joseph'S Catholic Voluntary AcademyAcademy Converter0.69 KM
Central Community Nursery SchoolLocal Authority Nursery SchoolGood0.92 KM
Kingsmead SchoolCommunity Special SchoolGood0.93 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Coburn Place £ 000.00 KM
Sadlergate Bridge £ 000.00 KM
Arbor Close £ 119,95000.00 KM
Cavendish Court £ 000.00 KM
Lara Croft Way £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Derby1823DBY2.06 KM
Peartree1687PEA2.72 KM
Duffield1691DFI7.63 KM
Spondon1699SPO7.85 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gerard Street North, Derby £ 250,000BUY5 / 100.00 KM
Gerard Street North, Derby £ 300,000BUY6 / 100.07 KM
Gerard Street North, Derby, Derbyshire £ 160,000BUY6 / 100.07 KM
10 Gerard Street NorthDerby £ 134,950BUY5 / 100.09 KM
Macklin Street, Derby £ 125,950BUY5 / 100.12 KM

Nearby Properties

AddressPriceDistance
33 Gerard Street £ 202,0000.00 KM
46 Gerard Street £ 154,0000.00 KM
31 Gerard Street £ 50,0000.00 KM
29 Gerard Street £ 135,0000.00 KM
7a Gerard Street North £ 54,9500.00 KM