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Wilkins Drive, Allenton, Derby, DE24 - Image 1
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Wilkins Drive, Allenton, Derby, DE24

East Midlands

£100,000
Listed on 31/05/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
839 sqft

Description

This three-bedroom townhouse offers a promising renovation opportunity for those looking to create a personalized living space. The property features spacious interiors that provide a solid foundation for any updates or modifications you might envision. Upon entering, the ground floor reveals a lounge area that flows into a separate dining room, which is well-suited for gatherings. The kitchen, while functional, has the potential for reconfiguration to enhance its layout and modernize it for contemporary living. Moving upstairs, you'll find three generously sized bedrooms that can be tailored to reflect your personal style. The property is equipped with gas central heating from a combination boiler and double glazing throughout, contributing to energy efficiency and comfort. One of the most notable aspects of this property is the expansive rear garden—a blank canvas that invites creativity and outdoor enhancements. This space could serve various purposes, whether it's creating an idyllic garden retreat or exploring possibilities for expansion (subject to necessary permissions). Located conveniently near local amenities such as schools, shops, and transport links, this townhouse presents an excellent investment prospect for both families seeking a project and investors looking to capitalize on its renovation potential. Additionally, the absence of an upward chain simplifies the process for prospective buyers. Overall, this property stands out as an ideal choice for anyone eager to turn a house into their dream home in a desirable location.

Investment Analysis

(DE24 area)

Below Market Value

This property is priced -48.2% below area average per sq ft

-48.2%
Potential saving
This Property
£119/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Target Value
£212,405
10% above area average per sq ft
Potential ROI
+69.9%
After renovation
Monthly Sales
41
Average per month
Market Turnover
90%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by +4.5% over the last 12 months
3 year growth: 10.3%
5 year growth: 26.0%
Investment Disclaimer: Analysis based on DE24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Wilkins Drive, Allenton, Derby, DE24
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