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Routh Avenue, Derby, DE74

East Midlands

£260,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1133 sqft

Description

This detached chalet-style home features two bedrooms and offers a unique opportunity for those looking to invest in a property with considerable renovation potential. Situated in a tranquil residential neighborhood, the house is well-kept yet presents the chance for modern updates and personal customization. The interior layout includes two spacious double bedrooms, each equipped with eaves storage, enhancing both functionality and comfort. The living space comprises a bright lounge that flows into a separate dining area, and a generously sized kitchen diner perfect for family gatherings or entertaining guests. A conservatory extends the living area, providing serene garden views and an additional spot to relax. Externally, the property boasts an expansive driveway capable of accommodating multiple vehicles alongside a detached single garage. The front and rear gardens are substantial, presenting numerous possibilities for landscaping or even potential expansions (subject to local planning permissions). This outdoor space could be transformed into a vibrant garden or patio area suited to personal tastes. While some modernization may be desired, the home remains in good overall condition, ensuring a solid foundation for any renovations. This property not only caters to families or downsizers seeking ample living space but also appeals to investors looking for a project with strong value-add potential in an established location. Overall, this chalet-style residence is ready for new ideas and improvements, making it an intriguing prospect for buyers interested in both immediate enjoyment and long-term investment growth.

Investment Analysis

(DE74 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
Potential saving
This Property
£229/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£362,299
10% above area average per sq ft
Potential ROI
+24.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE74)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -4.4%
5 year growth: 21.8%
Investment Disclaimer: Analysis based on DE74 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

Routh Avenue, Derby, DE74
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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
£952
Based on a loan of £195,000 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