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Potter Street, Spondon, Derby, DE21 - Image 1
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Potter Street, Spondon, Derby, DE21

East Midlands

£320,000
Listed on 16/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This well-maintained detached residence offers substantial potential for renovation and investment. The spacious ground floor features an entrance hallway that leads into a fitted kitchen, a bright open-plan lounge and dining area, and a conservatory that opens directly onto the rear garden. On the upper level, you will find three bedrooms along with a family bathroom, presenting an ideal canvas for modernisation or enhancement. Set on a generous plot, the exterior includes a block-paved driveway accommodating up to five vehicles, alongside an attractively landscaped front garden. The fully enclosed rear garden boasts mature planting, a private lawn, and patio seating—perfect for families who enjoy outdoor living. This property presents an exciting development opportunity as the current owner is in the process of applying for outline planning permission. Once granted, this could significantly increase the property's value, enabling potential buyers to tailor a renovation scheme that suits their specific needs. Located in Spondon’s designated conservation area on historic Potter Street, this home is surrounded by charming period buildings and close to reputable schools and community amenities—making it especially appealing for families or investors seeking long-term value.

Investment Analysis

(DE21 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
72%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 3.2%
5 year growth: 17.3%
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

Potter Street, Spondon, 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
£1,172
Based on a loan of £240,000 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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