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Parkside, Heage, Belper

East Midlands

£280,000
Listed on 03/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached three-bedroom home presents a promising opportunity for those interested in renovation and investment. Located in the desirable village of Heage, this property is ripe for transformation, allowing a new owner to customize it to their personal taste or enhance its rental potential. The layout comprises an entrance hall leading to a spacious lounge that features an open fire, providing a cozy focal point. The kitchen offers functional space with wall and base units, plumbing for laundry appliances, and room for a fridge freezer—all ready for modernization. The first floor hosts three bedrooms, each equipped with double-glazed windows that invite natural light. The larger bedrooms present ample storage options, including eave storage that could be further optimized. A notable feature is the garden room which has potential for use as a home office or additional living space. It includes its own connected shower room, adding convenience and potential value to the property. Outside, the front yard provides ample off-road parking alongside a manageable garden area, while the rear garden features astro turf along with various established plants and shrubs. This property not only requires renovation but also offers considerable potential for capital appreciation in an area known for its community spirit and accessibility to local amenities. With no upward chain, prospective buyers can explore this canvas as a rewarding project that promises both lifestyle enhancement and financial gain.

Investment Analysis

(DE56 area)
Area Average
£296/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE56)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -0.8%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on DE56 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

Parkside, Heage, Belper
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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
£1,026
Based on a loan of £210,000 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