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Portreath Drive, Allestree, Derby

East Midlands

£275,000
Listed on 14/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
929 sqft

Description

This semi-detached house presents an excellent opportunity for renovation and investment in a desirable area of Derby. With three bedrooms and flexible living spaces, the property allows for personal touches to enhance its value and functionality. The layout includes a lounge featuring a cozy fireplace and a dining room that opens directly onto the rear garden; there is potential to create an open-plan kitchen-diner by connecting these spaces, subject to planning permission. Located within a well-established residential suburb, this home benefits from proximity to local amenities including shops, schools, and public transport links, making it appealing not only for families but also for investors looking for rental opportunities. Various recreational facilities are nearby, such as Allestree Park and Kedleston Golf Course, adding to the lifestyle appeal of the area. The property features a front garden with mature hedging, along with side access leading to a detached garage. The enclosed rear garden faces west, providing ample sunlight throughout the day—a perfect space for outdoor activities or garden improvements. The driveway allows for off-road parking, enhancing convenience. Internally, the ground floor comprises an entrance hall that leads upstairs and into the living areas. On the first floor, you’ll find three bedrooms accompanied by a family bathroom that includes both a shower cubicle and separate wash facilities. Each bedroom offers natural light through double-glazed windows and provides options for reconfiguration depending on your needs. Given its characteristics and location, this property holds significant renovation potential to adapt or expand according to modern standards while retaining its charm. The absence of a chain further simplifies the buying process for those ready to invest in their future home or rental property.

Investment Analysis

(DE22 area)

Above Market Value

This property is priced +16.6% above area average per sq ft

+16.6%
This Property
£296/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£197
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£259,409
10% above area average per sq ft
Potential ROI
-12.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE22)

Area prices are rising by +12.5% over the last 12 months
3 year growth: 15.3%
5 year growth: 32.0%
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.

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Location

Portreath Drive, Allestree, Derby
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