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Edmund Road, Derby, DE21 - Image 1
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Edmund Road, Derby, DE21 - Image 4
Edmund Road, Derby, DE21 - Image 5

Edmund Road, Derby, DE21

East Midlands

£290,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2023 sqft

Description

This spacious detached property in Spondon features 3 to 4 bedrooms and sits on a generous plot, offering significant renovation and investment opportunities. With ample off-road parking accommodating at least four vehicles, this residence is ideal for families or investors looking to add value through development or expansion. Upon entering, you are welcomed by an entrance that leads into a bright reception room, which could serve as a playroom or second sitting area. A smaller reception room at the front provides flexible usage options—perfect for a home office or study—as well as the convenience of a downstairs bathroom and storage space. The central hallway effectively separates the living areas from the rear of the home. Towards the back, a large dining room with a charming fireplace sets an inviting atmosphere for family gatherings, seamlessly connecting to a spacious lounge featuring French doors that open onto the patio and garden—a perfect spot for outdoor living. The sizeable kitchen adjacent to the dining room comes equipped with good storage options, including a 5-ring gas hob and double oven, catering well to culinary needs. There’s also potential to convert an adjacent space currently used as an office into a utility room. The first floor offers three well-proportioned double bedrooms bathed in natural light along with a family bathroom equipped with both bath and separate shower facilities—ideal for busy mornings. Outside, the extensive rear garden is suited for various outdoor activities with its spacious grass area and patio for al fresco dining. The overall size of the plot not only enhances outdoor potential but also opens up opportunities for future extensions or developments—making this property particularly appealing to those looking to renovate and invest in a desirable area.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -44.4% below area average per sq ft

-44.4%
Potential saving
This Property
£143/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£573,794
10% above area average per sq ft
Potential ROI
+68.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 3.7%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on DE21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Edmund Road, Derby, DE21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,062
Based on a loan of £217,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE