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Cambridge Street, Spondon, Derby

East Midlands

£140,000
Listed on 24/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
802 sqft

Description

This three-bedroom, semi-detached property in Spondon offers a significant opportunity for renovation and investment. Situated in a sought-after residential neighborhood, this home has been cherished by its family for many years and is now ready for a new chapter. Its internal layout features a spacious lounge, a kitchen that opens to the rear garden, and a ground-floor bathroom. Upstairs are two generous double bedrooms alongside a single bedroom, making it suitable for families or those seeking rental potential. The exterior boasts a sizable rear garden that presents ample possibilities for landscaping or even expansion, contingent on receiving the necessary permissions. The front lawn area holds potential for converting into off-street parking with the installation of a driveway, addressing the current on-street parking situation. While the property requires extensive refurbishment throughout, it serves as an ideal blank canvas for those wanting to customize their living space or investors looking for an exciting project in an appealing location.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -33.0% below area average per sq ft

-33.0%
Potential saving
This Property
£175/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£229,945
10% above area average per sq ft
Potential ROI
+21.0%
After renovation
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
122%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +3.3%
5 year growth: +16.1%
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

Cambridge Street, 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
£505
Based on a loan of £105,000 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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