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Nottingham Road, Spondon, Derby

East Midlands

£220,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1023 sqft

Description

This three-bedroom, semi-detached home in Spondon presents an exciting opportunity for renovation enthusiasts and investors. With a thoughtful layout that includes an entrance hallway, two reception rooms, and a kitchen leading to a sizeable rear garden, this property is primed for transformation. The absence of central heating allows for a complete overhaul of the heating system and offers the chance to reconfigure the space to better suit modern living needs. Upstairs features three generously sized bedrooms and a family bathroom, all ready for updates. The exterior boasts a private driveway and a mature garden that offers potential for landscaping or expansion (subject to planning permission). Situated near local amenities, schools, and transport links in Spondon village, this property not only offers convenience but also significant scope for enhancement.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£215/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£290,159
10% above area average per sq ft
Potential ROI
+11.6%
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

Nottingham Road, Spondon, Derby
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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
£806
Based on a loan of £165,000 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