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Redwood, Hilcote, Derbyshire

East Midlands

£950,000
Listed on 28/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1808 sqft

Description

Nestled within approximately 15.11 acres of serene grounds, this distinctive bungalow presents a rare chance for redevelopment and enhancement. Built in the 1990s by its current owners, the property features a welcoming arched front door leading into a spacious hallway with multiple access points to various rooms. A practical utility area provides both appliance space and connects to a shower room, while a separate study equipped with fitted cabinetry offers potential for home office use. The dining room opens directly onto the rear patio, creating opportunities for indoor-outdoor living, alongside a fitted kitchen that boasts granite worktops and integrated appliances including a Sandyford Classic range cooker. The lounge is a highlight, featuring an impressive fireplace and multifuel stove that could be modernized to enhance ambiance and efficiency. With two bedrooms—one enhanced by ample storage and the other with a walk-in closet—this layout is functional yet ripe for reconfiguration or upgrades to meet modern lifestyles. The bathroom presents further potential for contemporary improvements with its four-piece suite. While the property benefits from underfloor heating and triple-glazed windows on the ground floor, there remains considerable scope for updating key aspects such as the private drainage system and water supply, as it currently relies on a borehole. Extensive attic space offers additional storage or potential for conversion. The expansive outdoor space includes picturesque lakes, ponds, and various outbuildings like greenhouses and storage barns that could support hobbies or agricultural ventures. With secondary gated access available adjacent to grassland, the land's value as an investment is evident. Located in Hilcote village within easy reach of major transportation links including the M1, this tranquil setting combines rural charm with practical connectivity. This property truly invites visionaries to transform it into their ideal haven or lucrative investment.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +131.9% above area average per sq ft

+131.9%
This Property
£525/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£450,662
10% above area average per sq ft
Potential ROI
-57.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.3% over the last 12 months
3 year growth: +3.7%
5 year growth: +23.0%
Investment Disclaimer: Analysis based on DE55 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

Redwood, Hilcote, Derbyshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,426
Based on a loan of £712,500 over 30 years at 4.06% 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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