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Albany Road, Derby

East Midlands

£299,950
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1084 sqft

Description

This three-bedroom detached house offers a solid foundation for those looking to invest in a property with significant renovation and expansion potential. Owned by a single family for many years, the home retains its original charm while presenting an exciting opportunity for modernization or extension, subject to planning permissions. The generous garden is a notable highlight, providing ample space for outdoor living as well as room to consider future development. Situated in Derby, this property benefits from a convenient location. It is close to essential amenities, including local schools and healthcare facilities such as the Royal Derby Hospital. The nearby city center offers an array of shopping options, dining establishments, and recreational activities, all easily accessible via regular public transport. Additionally, major road networks such as the A38, A50, and A52 are within a short drive, enhancing connectivity to surrounding areas. Inside the home, you will find an entrance hall leading into spacious living areas that include a lounge complete with a traditional log-burning stove and a dining room that flows into a lean-to conservatory. This area allows for natural light and offers direct access to the back garden. The kitchen provides all necessary amenities while leaving room for personalized updates. The first floor accommodates three bedrooms of varying sizes along with a bathroom featuring both walk-in shower capabilities and additional separate WC facilities. Each bedroom includes practical storage solutions, ensuring functionality while ideas for reconfiguration can be explored. The south-facing rear garden is not only sizable but also enclosed, making it ideal for families or as an outdoor retreat. This space includes established shrubs and trees as well as two sheds for additional storage needs. In summary, this property stands out due to its renovation potential and desirable location within Derby. With thoughtful updates and possible extensions, it could easily transform into an exceptional family home or an attractive investment opportunity in a thriving community.

Investment Analysis

(DE22 area)

Above Market Value

This property is priced +8.7% above area average per sq ft

+8.7%
This Property
£277/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£186
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£303,406
10% above area average per sq ft
Potential ROI
-10.7%
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

Albany Road, 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
£1,099
Based on a loan of £224,962 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