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Olivetti House, Downing Road, West Meadows, Derby DE21 6HA - Image 1
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Olivetti House, Downing Road, West Meadows, Derby DE21 6HA

East Midlands

£900,000
Listed on 17/05/2026

Property Details

Bedrooms
4
Type
Light Industrial
Area
8524 sqft

Description

This property presents a unique investment opportunity within a distinctive detached structure built in the 1970s, crafted by notable architect Edward Cullinan. Featuring a robust steel frame with blockwork lower elevations, the building is topped with an eye-catching pitched sheet roof supported by steel columns, offering potential for aesthetic enhancements and functional reconfigurations. The ground floor hosts a series of cellular rooms suited for welfare facilities, along with a spacious storage area characterized by a ceiling height of approximately 2.2m. This space includes basic finishes such as painted plaster walls and ceilings, LED lighting, and a painted concrete floor, providing a blank canvas for modernization or adaptive uses. On the first floor, the premises feature office accommodation that can be tailored to modern working needs, blending cellular layouts with open-plan spaces that allow for easy customization. A sizable kitchen area equipped with base and wall cabinets and a breakfast bar encourages social interaction or can serve as an informal meeting space. Externally, the property is conveniently set back from Downing Road with accessible front parking and secure gated entry to the rear yard. This outdoor space also houses a detached steel portal frame workshop equipped with three loading doors (approximately 4.0m wide by 5.1m high), offering significant utility for commercial or storage purposes. With strategic renovations, this property could enhance usability and increase its market value significantly.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -59.2% below area average per sq ft

-59.2%
Potential saving
This Property
£106/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£2,424,268
10% above area average per sq ft
Potential ROI
+144.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +14.0%
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

Olivetti House, Downing Road, West Meadows, Derby DE21 6HA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,211
Based on a loan of £675,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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