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Winchester Crescent, Derby, DE21

East Midlands

£130,000
Listed on 03/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
726 sqft

Description

Situated on a spacious plot, this two-bedroom semi-detached property presents an excellent opportunity for renovation and potential expansion, subject to planning approvals. The home features a sizeable main reception room that benefits from natural light and connects seamlessly to a large kitchen/breakfast area, which is well-equipped but could greatly benefit from modernisation or reconfiguration to enhance its functionality. Outside, the property boasts both side and rear gardens, with ample room to consider creating off-road parking (subject to planning). Conveniently located near local amenities, schools, and public transport options, this property offers vacant possession and is appealing for both investors looking for a project and owner-occupiers ready to add their personal touch. With the possibility for extensions or alterations (STP), the outdoor space provides a solid canvas for further improvements, making it especially attractive for those aiming to maximize its investment potential.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -30.6% below area average per sq ft

-30.6%
Potential saving
This Property
£179/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £30,000
Target Value
£205,919
10% above area average per sq ft
Potential ROI
+28.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 3.7%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on DE21 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

Winchester Crescent, Derby, DE21
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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
£476
Based on a loan of £97,500 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