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Osmaston Road, DERBY

East Midlands

£450,000
Listed on 15/11/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This expansive property presents significant renovation and investment potential. Comprising a mix of a two-story period building and a modern single-story extension, the total space spans approximately 925 sq m. Historically utilized as office space by Derby City Council, the property now stands ready for a new vision that could transform it into residential units, professional offices, or other commercial endeavors—subject to the necessary planning permissions. Situated just off one of the main thoroughfares leading into Derby City Centre, this property benefits from excellent accessibility. The area is well-served by public transport, with regular bus services and proximity to the railway station. Various amenities, including shops and healthcare facilities, are within easy reach, enhancing its attractiveness for potential redevelopment. The layout features multiple rooms on both floors, along with a substantial basement that has not been inspected but offers additional scope for development. The ground floor includes an entrance hall, eleven rooms, storage areas, and restrooms. An extension at the rear provides another sixteen rooms and three additional WCs. The first floor contains eight further rooms and two WCs. Externally, the property features a spacious front garden and an enclosed courtyard alongside ample parking space at the rear—ideal for various uses. While it has been secured due to prior damage to several windows, interested parties are encouraged to review available video content before scheduling internal viewings to understand its current condition better. As a freehold opportunity with expansive grounds in a well-connected location, this property represents a promising prospect for those looking to invest in or develop within Derby's evolving landscape.

Investment Analysis

(DE23 area)
Area Average
£240/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE23)

Area prices are rising by +8.6% over the last 12 months
3 year growth: 4.7%
5 year growth: 19.2%
Investment Disclaimer: Analysis based on DE23 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

Osmaston Road, DERBY
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