Summary - 83 REEVES ROAD DERBY DE23 8JF
2 bed 1 bath Terraced
Immediate rental income; renovation opportunity for hands-on investors.
- Two double bedrooms in a Victorian mid-terrace layout
- Tenant in situ paying £590 pcm until March 2026
- Requires renovation and cosmetic updating throughout
- Reported Japanese knotweed on site — buyer to verify
- Solid brick walls likely without insulation; EPC improvement needed
- Small rear garden and no private parking (on-street only)
- Area has high crime and very high deprivation
- Freehold with mains gas heating and fast broadband
A two-bedroom mid-terrace Victorian property offered as a tenant-in-situ investment with immediate rental income. The sitting tenant pays £590 pcm and is in place on a rolling tenancy until March 2026, so the purchase suits landlords seeking rent from day one.
The house requires renovation and cosmetic updating throughout; heating is mains gas with a boiler and radiators, and the solid brick walls are likely uninsulated. Buyers should note a reported presence of Japanese knotweed on the site—prospective purchasers must carry out their own enquiries and factor remediation costs into any offer.
Located in Normanton near shops, schools and regular bus routes, the property benefits from fast broadband and excellent mobile signal. The plot and rear garden are small, and on-street parking only is available. The area is marked by high crime levels and significant deprivation, which will affect tenant profiles and resale prospects.
This is best suited to investors or hands-on landlords prepared to invest in refurbishment and EPC improvements to boost rent and capital value. Transparency on defects and the tenant situation makes this a clear, short-term income play with medium-term upside if remediation and upgrades are made.
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