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Park Lane, Castle Donington, Derby

East Midlands

£400,000
Listed on 14/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
957 sqft

Description

This detached three-bedroom home in Castle Donington offers a unique opportunity for renovation and investment, situated on an expansive one-third of an acre plot along the well-regarded Park Lane. The property is set back from the road, providing a peaceful environment surrounded by mature gardens that create a serene ambiance. The layout presents significant potential for transformation into a modern family residence. Previous planning permissions have been granted for extensions, giving future owners the chance to expand the living space and tailor it to their specific needs. This flexibility allows for various possibilities, from simple cosmetic updates to larger-scale renovations. Inside, the entrance hallway welcomes you with stylish laminate flooring and access to key rooms including the kitchen, dining area, and staircase to the upper floor. The current dining room is versatile enough to serve multiple functions; currently utilized as a home office, it features large windows that invite natural light and could easily be reimagined as an inviting dining space or cozy second reception area. The lounge provides an appealing living area showcasing wood-burning stove functionality and sliding doors that lead directly to the garden, enhancing indoor-outdoor living. With its neutral décor and ample natural light, this room is primed for relaxation while overlooking the private outdoor space. The kitchen contains essential appliances with sufficient storage options and workspace, complemented by a handy side access door that connects directly to the exterior. A dedicated pantry adds practicality for everyday use. All three bedrooms are well-sized: the main bedroom benefits from a spacious bay window flooding it with light; the second features built-in wardrobes for efficient storage; while the third bedroom offers versatility as a guest room or even a small office. The bathroom is equipped with all necessary amenities including a bath with overhead shower and provides natural ventilation through strategically placed windows. Outside, the extensive garden comprises three distinct sections enriched by mature shrubbery which not only enhances privacy but creates an inviting habitat for local wildlife including resident badgers. Although development is currently restricted due to ecological considerations regarding these protected species, this setting offers ample opportunity for landscaping or other creative outdoor projects once ecological guidelines have been followed. With its substantial plot size in one of Castle Donington’s desirable areas alongside renovation potential, this property represents an intriguing investment opportunity for those looking to cultivate their ideal living space while enjoying the tranquility of nature right at their doorstep.

Investment Analysis

(DE74 area)

Above Market Value

This property is priced +45.5% above area average per sq ft

+45.5%
This Property
£418/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£302,335
10% above area average per sq ft
Potential ROI
-34.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE74)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -1.6%
5 year growth: 24.6%
Investment Disclaimer: Analysis based on DE74 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.

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Location

Park Lane, Castle Donington, Derby
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