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Lodge Lane, Spondon, Derby

East Midlands

£220,000
Listed on 28/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
853 sqft

Description

This three-bedroom bungalow in the desirable village of Spondon presents an exciting opportunity for renovation and personalisation. The property features a spacious layout, ideal for those looking to invest in a project that combines comfort with potential value enhancement. Upon entering, you are greeted by a welcoming hallway that flows into a sizeable living and dining room, perfect for gatherings and relaxation. The kitchen offers functionality with sufficient storage and worktop space, along with direct access to the rear garden—an appealing feature for family life. The three bedrooms are well-sized and versatile, suitable for various uses such as guest rooms or home offices. The existing bathroom includes essential amenities but could benefit from modernisation to enhance both aesthetics and functionality. Furthermore, the generous loft space holds significant potential for conversion into additional living areas (subject to planning regulations), presenting an opportunity to increase the property's footprint. Externally, the bungalow features a private driveway providing ample parking and a tranquil rear garden that promises privacy for outdoor activities or leisure. Conveniently situated near local shops, schools, and transport links, this property boasts accessibility while maintaining a serene atmosphere—making it ideal for families or downsizers seeking a community-focused environment ready for revitalisation.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -1.5% below area average per sq ft

-1.5%
Potential saving
This Property
£258/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£245,694
10% above area average per sq ft
Potential ROI
-5.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
143%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.9% over the last 12 months
3 year growth: +4.8%
5 year growth: +16.0%
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

Lodge Lane, Spondon, Derby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£793
Based on a loan of £165,000 over 30 years at 4.06% 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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