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Lambourn Drive, Allestree, Derby - Image 1
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Lambourn Drive, Allestree, Derby

East Midlands

£280,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached bungalow presents a solid opportunity for renovation and customization in the sought-after suburb of Allestree. Comprising three bedrooms, the property offers a well-planned layout that lends itself to various modernization possibilities. With immediate vacant possession available, new owners can initiate their refurbishment projects right away, making it an ideal investment for those looking to create a home tailored to their preferences. Internally, the bungalow features an entrance hall that leads into a spacious lounge dining room, enhanced by sliding patio doors that open to the rear garden. The kitchen comes equipped with integrated appliances and ample counter space, providing a functional starting point for updates. Each of the three bedrooms benefits from natural light through double-glazed windows, and there is a shower room designed with essential amenities. Externally, the property boasts a gravel front garden for low maintenance and includes driveway parking leading to a detached single garage. The rear garden features a paved patio area alongside mature greenery, offering potential for further landscaping or outdoor enhancements. Located in an established residential area, this property is conveniently close to local amenities and falls within the catchment area for the highly regarded Ecclesbourne School. Its proximity to Derby's ring road allows for easy commuting while nearby Allestree Park provides scenic walking paths, enhancing both lifestyle and convenience. Overall, this bungalow represents an excellent investment opportunity with significant potential for renovation in a desirable location.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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

Lambourn 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
£1,026
Based on a loan of £210,000 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