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 %
- Est sale value
- 317,000.00 £Increased by 20.99 %
- Average area rental value
- 906.00 £/moIncreased by 1.12 %
- Est letting value
- 1,000.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.50 %Decreased by 15.73 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Ashley Adams created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Becket Children'S Centre | Children's Centre | 0.37 KM | |
| Becket Primary School | Community School | Good | 0.46 KM |
| St Joseph'S Catholic Voluntary Academy | Academy Converter | 0.69 KM | |
| Central Community Nursery School | Local Authority Nursery School | Good | 0.92 KM |
| Kingsmead School | Community Special School | Good | 0.93 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Coburn Place | £ 0 | 0 | 0.00 KM |
| Sadlergate Bridge | £ 0 | 0 | 0.00 KM |
| Arbor Close | £ 119,950 | 0 | 0.00 KM |
| Cavendish Court | £ 0 | 0 | 0.00 KM |
| Lara Croft Way | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Derby | 1823 | DBY | 2.06 KM |
| Peartree | 1687 | PEA | 2.72 KM |
| Duffield | 1691 | DFI | 7.63 KM |
| Spondon | 1699 | SPO | 7.85 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Gerard Street North, Derby | £ 250,000 | BUY | 5 / 10 | 0.00 KM |
| Gerard Street North, Derby | £ 300,000 | BUY | 6 / 10 | 0.07 KM |
| Gerard Street North, Derby, Derbyshire | £ 160,000 | BUY | 6 / 10 | 0.07 KM |
| 10 Gerard Street NorthDerby | £ 134,950 | BUY | 5 / 10 | 0.09 KM |
| Macklin Street, Derby | £ 125,950 | BUY | 5 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 33 Gerard Street | £ 202,000 | 0.00 KM |
| 46 Gerard Street | £ 154,000 | 0.00 KM |
| 31 Gerard Street | £ 50,000 | 0.00 KM |
| 29 Gerard Street | £ 135,000 | 0.00 KM |
| 7a Gerard Street North | £ 54,950 | 0.00 KM |