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Mill Cottage, Darley Abbey Mills, Darley Abbey, Derby - Image 1
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Mill Cottage, Darley Abbey Mills, Darley Abbey, Derby

East Midlands

£225,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
817 sqft

Description

This charming two-bedroom, two-bathroom cottage offers a distinct opportunity for buyers looking to invest in a property with character while being situated in the lively community of Darley Abbey. The home is ideal for first-time buyers or investors aiming to create a personalised retreat or rental property. Although modernisation is needed throughout, this represents an exceptional chance for new owners to enhance the living space according to their tastes. Positioned centrally within Darley Mills, residents can easily walk to an array of trendy wine bars and restaurants that bring this area to life. Natural beauty and community vibes are further amplified by nearby Darley Park and Darley Fields.<br><br>Located just a mile from Derby city centre, Darley Abbey boasts a variety of local amenities including shops, cafés, and schools, making it an attractive option for families. Known as one of the few World Heritage Sites, the area offers beautiful riverside walks and great transport links to major roadways including the A6, A38, A50, and A52 towards the M1 motorway. The property's well-thought-out layout includes ground floor living areas with exposed brickwork and decorative beams as well as two first-floor double bedrooms complemented by convenient bathroom facilities. Additionally, the manageable rear garden presents a private outdoor space that can be further developed into a tranquil retreat or entertaining area.

Investment Analysis

(DE22 area)

Above Market Value

This property is priced +8.2% above area average per sq ft

+8.2%
This Property
£275/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£186
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£228,674
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE22)

Area prices are rising by +13.1% over the last 12 months
3 year growth: 15.5%
5 year growth: 33.9%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£824
Based on a loan of £168,750 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