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Hall Dyke, Spondon, Derby

East Midlands

£176,000
Listed on 26/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached dormer bungalow presents an exciting opportunity for those looking to invest or renovate in the sought-after village of Spondon. While the property is currently in need of modernization, it offers a solid foundation with significant potential for transformation into a comfortable family home. Upon entering, you are welcomed into a spacious entrance hall that leads to various ground floor rooms, including a cozy lounge with a feature fireplace and rear garden views. The kitchen is functional, equipped with basic wall and base units, and provides access to the outdoor space, ideal for future enhancements. A conveniently located double bedroom and bathroom round out the ground floor layout. The first floor features two additional double bedrooms, both offering ample space and potential for customization. With windows providing natural light, these rooms can easily be tailored to fit personal preferences or designed to maximize their functionality. Outside, the property boasts a driveway that accommodates multiple vehicles alongside a carport. The low-maintenance rear garden is private and presents excellent prospects for extension or landscaping (subject to planning permissions), thus increasing the property's value. Located within walking distance of local amenities—including shops, healthcare facilities, restaurants, and bus services—this bungalow not only offers convenience but also enhances its appeal as an investment opportunity. Viewing is highly recommended to fully appreciate the possibilities available in this promising location.

Investment Analysis

(DE21 area)
Area Average
£258/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Hall Dyke, Spondon, Derby
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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
£645
Based on a loan of £132,000 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