Summary - 26, MIDLAND PLACE, DERBY DE1 2RR
2 bed 1 bath Terraced
Compact freehold lot with clear refurbishment upside for investors or downsizers.
Freehold mid-terrace two-bedroom home, approx. 462 sqft
Located moments from Derby Train Station and major road links
Sold at auction; registration and legal pack review required
Documentation charge of £1,500 payable on completion
Very high local crime; area classed as very deprived
Signs of external wear and damp; will need renovation
Cavity walls assumed uninsulated; older double glazing pre-2002
Low-maintenance rear garden; small plot size
Set in Derby city centre just moments from the train station, this two-bedroom mid-terraced house offers a compact, freehold opportunity for investors or downsizers. The property has a generous lounge overlooking a low-maintenance rear garden and a fitted kitchen with ample storage. The footprint is small (approximately 462 sqft) but rooms are useable and well laid out for practical city living.
The house is being sold at auction with a guide price of £100,000. Buyers should note the sale conditions: bidder registration, a documentation charge of £1,500 on completion, and the need to review the legal pack before bidding. The property will suit those comfortable buying at auction and able to carry out updating works.
There is clear potential to add value through modernisation: the heating is mains gas with a boiler and radiators, double glazing is present but pre-2002, and the building dates from the late 1960s–1970s. However, the property shows signs of external wear and possible damp (image descriptions) and the cavity walls are assumed to have no insulation. Expect refurbishment costs to bring finishes and energy performance up to modern standards.
Be frank about location strengths and challenges. The house benefits from excellent transport links (train station nearby; quick access to the M1, A50 and A38) and fast broadband and mobile signal. Conversely, the immediate area is classed as very deprived with very high crime levels, so purchasers should factor this into rental or resale plans and consider security measures.
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