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Windsor Avenue, Melbourne, Derby

East Midlands

£285,000
Listed on 29/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1028 sqft

Description

This three-bedroom semi-detached home presents a significant opportunity for renovation and investment. The property features two reception rooms, a spacious garden, and off-road parking, making it ideal for families looking to create their dream home. Although it requires comprehensive modernization throughout, the layout is functional and offers ample scope for extension, subject to planning permissions. Key details include an entrance hall leading to a front sitting room with original features, a dining/second sitting room with garden views, and a kitchen with pantry access. Upstairs there are three bedrooms and a bathroom that could be transformed into modern living spaces. The exterior boasts a sizeable garden which, with clearing and landscaping, could be developed into a private outdoor retreat. Given the absence of an upward chain, this property is positioned as an exciting project for motivated buyers ready to invest in substantial renovations.

Investment Analysis

(DE73 area)

Below Market Value

This property is priced -7.4% below area average per sq ft

-7.4%
Potential saving
This Property
£277/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£338,505
10% above area average per sq ft
Potential ROI
-4.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
92%
Properties sold annually

Local Market Trend (DE73)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -0.3%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on DE73 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

Windsor Avenue, Melbourne, 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
£1,028
Based on a loan of £213,750 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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