The cheapest house for sale in Derby right now has an annex and lots of potential

These days it’s not easy to get your foot on the ladder and buy your first place. 

The average UK house price in October this year was £288,000, which is actually £3,000 cheaper than the same time in 2022. 

While this does suggest a slight decrease in property prices across the UK, people across the country remain unable to afford a place of their own. 

Read more: Best places to live in Derby

With sky-high interest payments on mortgages at the moment, the market remains turbulent for first-time buyers. 

If you’re looking to buy your first place, sometimes you might need to be brave and go for somewhere that can slowly be brought up to your desired standard. 

Although some properties might not initially look too appealing, by investing some time, money and creativity, you could shape your ideal home. 

Derby’s cheapest house is currently a three-bedroom semi-detached property in Dorset Street, roughly a mile from the city centre.

When it goes to auction on January 31, it will have a guide price of just £105,000. 

The original structure has been extended to provide more space for the occupants. 

It boasts an entrance hall with cloakroom, as well as a fitted kitchen and bathroom. 

With two reception rooms, the new occupants will have plenty of space to relax. 

Looking outside, the property has parking for at least two cars and a maintenance yard to the rear. 

The tenure is freehold, so the new owner will own the property and the land it’s built on.

There is also an adjoining timber-framed annexe, which comprises a bedroom/lounge with fitted kitchen and separate shower room.

However, this comes without building regulation approval. 

You can view the property or book a viewing on Rightmove.