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The Green, Mickleover

East Midlands

£175,000
Listed on 12/10/2025

Property Details

Bedrooms
1
Type
Terraced house
Area
463 sqft

Description

This quaint terraced home, located in the historic conservation area of Mickleover, offers a distinctive blend of traditional charm and modern living potential. Perfect for first-time buyers or investors, the property is chain-free and presents a valuable opportunity for renovation. Inside, the well-maintained interior features classic elements such as exposed beams and a brick fireplace, adding character to the front-facing sitting room. The compact kitchen at the rear provides essential functionality, with space for updates that could enhance its appeal. The upper level accommodates a generously sized double bedroom with fitted wardrobes, complemented by an additional small room suitable for use as a study or nursery. The neutrally finished bathroom completes the indoor layout, offering convenience while leaving room for personalization. The outdoor space consists of a slim enclosed garden that features established planting, ideal for those looking to create a private sanctuary or engage in light gardening. Its direct pavement frontage enhances accessibility and underscores its traditional residential setting. Mickleover is recognized as one of Derby's desirable suburbs, offering easy access to an array of local amenities including shops, cafés, and schools—all within walking distance. Excellent transport links via the A38 and A50 facilitate straightforward commuting into Derby city center and beyond. Regular bus services and proximity to cycle routes further contribute to its connectivity. This property not only serves as a charming residence but also holds significant investment potential given its location in a sought-after community. With some modernization efforts, it could become an even more attractive asset for rental opportunities or long-term resale value. Whether you're seeking your first home or considering an investment venture in Mickleover's promising market, this property is ready to welcome new owners.

Investment Analysis

(DE3 area)

Above Market Value

This property is priced +28.2% above area average per sq ft

+28.2%
This Property
£378/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£285
Avg Yield
5.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£150,193
10% above area average per sq ft
Potential ROI
-18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (DE3)

Area prices are rising by +6.3% over the last 12 months
3 year growth: 4.9%
5 year growth: 21.8%
Investment Disclaimer: Analysis based on DE3 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

The Green, Mickleover
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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
£641
Based on a loan of £131,250 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