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Melbourne Road, Isley Walton, Derby - Image 1
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Melbourne Road, Isley Walton, Derby

East Midlands

£550,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This traditional three-bedroom detached bungalow offers a unique investment opportunity on an expansive third-acre plot, featuring both double and single garages alongside multiple brick outbuildings that present various potential uses. The property is situated down a private driveway, providing ample off-road parking and access to well-maintained gardens at the front, side, and rear of the home. Inside, the layout includes two spacious reception rooms, a breakfast room, and a kitchen with a utility area. Not only does this residence have updated features like oil central heating and UPVC double glazing, but it also holds considerable renovation potential for expansions or reconfigurations—subject to planning permissions. The sizeable integral garage already shows promise for conversion into additional living space, while the large double garage can revert back to its original vehicle storage capacity. With further development possibilities in the outdoor spaces and existing structures, this property could be transformed into a modern family home or rental investment.

Investment Analysis

(DE74 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
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

Melbourne Road, Isley Walton, Derby
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 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