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Gilbert Street, Derby, DE24

East Midlands

£250,000
Listed on 20/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1223 sqft

Description

This spacious three-bedroom detached bungalow in Alvaston presents a unique opportunity for renovation and investment. Nestled on a wide plot, the property benefits from a well-maintained front garden and dual driveways leading to a detached garage, ensuring off-street parking is never a concern. The welcoming entrance hall sets a bright tone, flowing into a generous lounge with an attractive bay window, and two sizable bedrooms that provide flexibility for various living arrangements. The rear of the home offers a formal dining area that transitions seamlessly into a galley kitchen, which opens up to a conservatory filled with natural light — an excellent spot for enjoying the garden year-round. A third bedroom accessed from the dining space adds versatility, making it suitable for guests, a nursery, or an office. Moreover, the expansive attic can be accessed via a pull-down ladder, representing significant potential for conversion (subject to planning). Outside, the well-kept rear garden features both lawn and patio areas ideal for entertaining or relaxation. The generous side spaces may also allow further development or extensions with appropriate permissions. In summary, while this bungalow is presented in decent condition and ready for immediate occupancy, its true value lies in its flexible layout and countless renovation opportunities that cater to various buyer needs — whether it's families, first-time buyers, or investors looking to enhance their portfolio.

Investment Analysis

(DE24 area)

Below Market Value

This property is priced -13.8% below area average per sq ft

-13.8%
Potential saving
This Property
£204/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£319,038
10% above area average per sq ft
Potential ROI
+10.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
116%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by -3.7% over the last 12 months
3 year growth: +5.9%
5 year growth: +28.6%
Investment Disclaimer: Analysis based on DE24 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

Gilbert Street, Derby, DE24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% 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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