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Derbyshire Avenue, DE7

East Midlands

£265,000
Listed on 23/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
732 sqft

Description

This two-bedroom detached bungalow presents a promising opportunity for renovation and investment. While the property requires modernization throughout, its spacious layout offers ample potential for transformation into a comfortable residence or a lucrative rental option. Located in the desirable area of West Hallam, Ilkeston, this property benefits from close proximity to local amenities and convenient access to transport links connecting to nearby towns and Derby. This prime location enhances its appeal for future occupants or tenants seeking a well-situated home. The bungalow features a functional arrangement that includes a porch, living room, kitchen, two bedrooms, and a bathroom. Additionally, there is a garage located at the side of the property, along with driveway access and a manageable front garden. The rear garden provides further possibilities for landscaping or outdoor enhancements. With the potential for extensions subject to planning permission, this property could be adapted to meet various needs or preferences. Whether you are looking to downsize or invest in a property with significant upside potential, this bungalow warrants careful consideration. Prospective buyers are encouraged to view the property to fully appreciate its possibilities. Please note that it is understood to be freehold; however, verification by your solicitor is recommended.

Investment Analysis

(DE7 area)

Above Market Value

This property is priced +57.1% above area average per sq ft

+57.1%
This Property
£362/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£185,558
10% above area average per sq ft
Potential ROI
-39.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE7)

Area prices are rising by +4.4% over the last 12 months
3 year growth: 3.1%
5 year growth: 23.5%
Investment Disclaimer: Analysis based on DE7 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

Derbyshire Avenue, DE7
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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
£971
Based on a loan of £198,750 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