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Derby Road, Marehay, DE5

East Midlands

£650,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1712 sqft

Description

This spacious detached bungalow features three double bedrooms and a study box room, offering ample living space. In addition to the residential area, it includes an adjoining commercial unit with various facilities that could be adapted for business use or converted into additional living space, subject to planning approval. The property boasts a generous yard at the front, as well as workshop areas and office spaces on both ground and first floors, suited for numerous entrepreneurial ventures or as potential building plots for residential development. Inside, the bungalow comprises a welcoming entrance porch leading to spacious living and dining areas, a breakfast kitchen with existing fixtures that may require modernization, and a large conservatory providing flexible utility options. Each bedroom offers good dimensions, with one featuring an en-suite shower room. Outside, the property includes off-road parking and extensive garden areas, ideal for creating outdoor leisure spaces. This property represents a unique investment opportunity with significant refurbishment potential to enhance both residential comfort and commercial viability.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +62.4% above area average per sq ft

+62.4%
This Property
£380/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£440,292
10% above area average per sq ft
Potential ROI
-39.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE5)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 2.6%
5 year growth: 25.1%
Investment Disclaimer: Analysis based on DE5 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

Derby Road, Marehay, DE5
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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
£2,381
Based on a loan of £487,500 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