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Mill Cottage, Darley Abbey Mills, Darley Abbey, Derby

East Midlands

£199,950
Listed on 09/12/2025

Property Details

Bedrooms
2
Type
Cottage
Area
817 sqft

Description

This charming two-bedroom cottage offers a distinctive opportunity for those looking to invest in a property with significant character in a thriving community. Ideally suited for first-time buyers, investors, or individuals seeking a delightful holiday escape, this home requires comprehensive modernisation throughout. This gives the new owner an excellent chance to tailor the living spaces to their taste and lifestyle. Nestled in the vibrant Darley Mills area, the property is just a short walk from numerous popular wine bars and dining options, enhancing its appeal as a lively social hub. The picturesque landscape of Darley Abbey adds further charm, with local amenities, such as shops and schools nearby. Residents will appreciate proximity to beautiful parks like Darley Park and the renowned Derwent Valley Mills. The cottage features essential living areas including a spacious lounge/dining room with exposed brickwork and traditional beams, alongside a functional kitchen leading to an enclosed garden space. Upstairs, you’ll find two bedrooms and additional shower facilities. Overall, this property presents an enticing prospect for those prepared to invest time and resources into creating a personalised sanctuary in one of East Midlands' most desirable locations.

Investment Analysis

(DE22 area)

Below Market Value

This property is priced -0.8% below area average per sq ft

-0.8%
Potential saving
This Property
£245/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£196
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £30,000
Target Value
£221,664
10% above area average per sq ft
Potential ROI
-3.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DE22)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +7.9%
5 year growth: +18.7%
Investment Disclaimer: Analysis based on DE22 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

Mill Cottage, Darley Abbey Mills, Darley Abbey, Derby
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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
£713
Based on a loan of £149,962 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

Price History

-11.1% since listed
£199,950£25,050(-11.1%)
26/03/2026
Current price
£225,000Initial listing
28/12/2025

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