Summary - 197, DERBY ROAD, CHESTERFIELD S40 2ET
2 bed 1 bath Terraced
Affordable, low-maintenance home close to transport links — ideal starter or investment buy.
Chain-free with immediate vacant possession
Refitted dining kitchen (2022) and combi boiler serviced 2024
Low-maintenance garden, powered summer house and external tap/socket
Potential gross yield ~6% at £140,000 and £750pcm rent
Compact footprint — approx. 613 sq ft / 57 sq m
Right of way over neighbouring property noted
Located in a very deprived area with above-average crime rates
Solid-brick construction likely without cavity insulation (assumed)
This two-bedroom terraced house on Derby Road offers an affordable, chain-free opportunity for first-time buyers, downsizers or investors. The property has been recently refreshed — including a 2022 fitted Sage Green dining kitchen, serviced combi boiler (2024) and uPVC double glazing — so it’s ready to move into with minimal immediate works.
Outside space is low-maintenance and well specified for the size: a paved patio, artificial lawn, plum-slate border and a powered summer house ideal for garden social use or a small home office. Practical extras include an external socket, water tap and upper stone terrace, while a right of way over a neighbouring property is noted.
For investors the numbers look straightforward: a potential gross yield around 6% pa (based on £140,000 purchase and £750pcm rent). The house sits close to local amenities, schools, bus routes and the train station, making it convenient for commuters and tenants.
Be realistic about the constraints: the home is compact (approx. 613 sq ft), in a very deprived local area with above-average crime statistics, and the original solid brick walls are assumed to lack cavity insulation. These factors may affect running costs and future resale in the short term. Council tax is low (Band A), and the roof was renewed in 2014, reducing near-term major works risk.
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