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Highlands, Horsley Road, Horsley Village, Derby

East Midlands

£295,000
Listed on 30/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
735 sqft

Description

Located in the picturesque village of Horsley, Derby, this detached bungalow offers a compelling opportunity for buyers interested in creating a home tailored to their personal tastes through renovation. The property is in need of modernisation, presenting a blank canvas ideal for those looking to invest time and effort into a transformative project. Upon entry, the layout features a welcoming reception hall leading to various rooms including a lounge with an original fireplace that exudes character, alongside a versatile sitting room or additional bedroom. The dining kitchen provides ample space for culinary creativity and includes essential amenities like base cupboards and a pantry that retains some original features. Three bedrooms offer flexible living arrangements, complemented by a shower room that could benefit from an update. The outdoor space is generous, with both front and rear gardens providing potential for landscaping and gardening enthusiasts, as well as off-road parking available for multiple vehicles, which could be further enhanced with the addition of a garage (subject to necessary permissions). Situated in a desirable village location with convenient access to local amenities and transport links such as the A38 and M1, this property is strategically positioned for both rural tranquility and urban connectivity. With its investment potential and prime setting in Horsley, this bungalow represents an excellent opportunity not to be overlooked.

Investment Analysis

(DE21 area)

Above Market Value

This property is priced +55.7% above area average per sq ft

+55.7%
This Property
£401/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£208,472
10% above area average per sq ft
Potential ROI
-37.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 3.7%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on DE21 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

Highlands, Horsley Road, Horsley Village, 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
£1,081
Based on a loan of £221,250 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