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Cobthorne Drive, Allestree, Derby - Image 1
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Cobthorne Drive, Allestree, Derby

East Midlands

£375,000
Listed on 04/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached home, a product of J H Fryer’s 1960s craftsmanship, presents a unique opportunity for renovation and investment. Nestled on a desirable west-facing plot in Allestree, Derby, the property features two reception rooms, a spacious kitchen, and a conservatory that enhances the living space. With immediate possession available and no upward chain, this home is an attractive option for those seeking to move in quickly. The layout offers considerable potential for customization or expansion, subject to local planning permissions. This flexibility allows prospective buyers to modify the existing structure according to personal preferences or lifestyle needs. Each room possesses its own charm and character; the sitting room includes an original brick fireplace and leads into the conservatory with direct access to the rear garden. The dining room and kitchen provide functional spaces that can be updated to reflect modern tastes. The first floor hosts three bedrooms, each with ample natural light from UPVC double-glazed windows. The primary bedroom benefits from built-in wardrobes and has access to a useful attic room, offering additional storage or a potential creative space. The bathroom is equipped with a two-piece suite and electric shower, while separate WC facilities support family living. Outside, the property boasts substantial gardens front and back; the front features mature plants and shrubs alongside a concrete driveway leading to an attached garage. The expansive rear garden is particularly noteworthy, showcasing well-established hedges and trees that create privacy as well as areas suitable for gardening or outdoor activities. Located in a sought-after residential area known for its community feel and convenient access to local amenities, schools, and parks, this property not only serves as an ideal family home but also represents a solid investment opportunity with significant room for enhancement. Whether you aim to undertake renovations or seek long-term value appreciation in this appealing location, this home holds great promise.

Investment Analysis

(DE22 area)
Area Average
£254/sq ft
Avg Rent (weekly)
£186
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Cobthorne Drive, Allestree, 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
£1,374
Based on a loan of £281,250 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