Summary - 60 SPRING STREET DERBY DE22 3UF
3 bed 2 bath End of Terrace
Auction sale ideal for investors seeking renovation and rental potential nearby hospital.
Three bedrooms and two reception rooms, traditional Victorian terrace
A three-bedroom Victorian end-of-terrace offered for sale by modern auction — a clear project for an investor or experienced DIY buyer. The house is freehold, has two reception rooms, a small rear lawned garden and is positioned close to Royal Derby Hospital and the University of Derby, providing reliable tenant demand and letability in a rental-heavy neighbourhood.
The property requires full modernisation throughout: expect comprehensive updating to kitchens, bathrooms, electrics and decoration. The interior layout is straightforward (lounge, dining room, kitchen, bathroom and three first-floor bedrooms) across approximately 665 sq ft, making it suitable for conversion to an HMO or to refurbish for family rental income subject to consents.
Important selling conditions apply: the sale is via Modern Method of Auction with an undisclosed reserve price, mandatory buyer fees and a non-refundable reservation fee on completion. Buyers should allow time for auction procedures, review the Buyer Information Pack carefully and complete their own due diligence before bidding.
This is a high- potential, hands-on opportunity: buy to renovate and re-let or remodel for added value. Be mindful of local challenges — the area records very high crime and high deprivation, so refurbishment standards and tenant screening will be key to achieving target rents and capital growth.
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