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

The three-bedroom semi-detached house is just a short walk from the city centre
The cheapest house for sale in Derby has heaps of potential The cheapest house for sale in Derby has heaps of potential
The cheapest house for sale in Derby has heaps 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. 

It has a decent size living space that could be stylishly decorated It has a decent size living space that could be stylishly decorated
It has a decent size living space that could be stylishly decorated

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 house is conveniently positioned for city centre, M1 Motorway and the A52The house is conveniently positioned for city centre, M1 Motorway and the A52
The house is conveniently positioned for city centre, M1 Motorway and the A52

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.