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Derwent Avenue, Milford, Belper, Derbyshire - Image 1
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Derwent Avenue, Milford, Belper, Derbyshire

East Midlands

£289,950
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1415 sqft

Description

This three-bedroom semi-detached home is set in a desirable cul-de-sac location in the historic village of Milford, offering scenic countryside views and considerable renovation potential. It is conveniently located within easy reach of both Duffield and Belper, making it an attractive opportunity for investors or those looking to create a family residence. The property boasts traditional features, including bay windows and high ceilings throughout, which can be enhanced further with thoughtful renovations. The accommodation presents itself with a classic layout: a spacious entrance hall leads to a lounge adorned with an inviting fireplace, followed by a dining room that overlooks the rear garden and open fields. A compact kitchen offers essentials but could benefit from modernization to elevate its functionality. On the first floor, you'll find three bedrooms, each retaining character features and plenty of natural light, along with a bathroom that's ready for updating. The loft space provides an excellent opportunity for expansion (subject to planning approval), allowing for further investment into the property's livable space. Externally, the property enjoys an enclosed south-facing rear garden that connects seamlessly to surrounding countryside – perfect for outdoor enthusiasts. Additional amenities include off-road parking and a carport, along with workshops and storage sheds that could be repurposed or updated as needed. With its solid structure and charming characteristics, this home holds significant appeal for those willing to undertake some refurbishment work.

Investment Analysis

(DE56 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£205/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£460,101
10% above area average per sq ft
Potential ROI
+43.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE56)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -0.8%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on DE56 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

Derwent Avenue, Milford, Belper, Derbyshire
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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
£1,062
Based on a loan of £217,462 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