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Redmires Drive, Chellaston

East Midlands

£200,000
Listed on 31/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
592 sqft

Description

This two-bedroom semi-detached home is positioned in a desirable cul-de-sac within Chellaston, presenting a valuable opportunity for both first-time buyers and property investors. The absence of an onward chain enhances its appeal, allowing for swift transactions. The property features off-road parking and demonstrates significant potential for expansion or refurbishment (subject to planning consent), making it an attractive investment choice. Internally, the layout includes an entrance porch leading into a generously sized lounge/diner that offers flexibility for various configurations, perfect for both casual living and entertaining. The kitchen is equipped with essential amenities and grants direct access to the rear garden, providing options for outdoor enjoyment. Upstairs, you’ll find a sizeable double bedroom with built-in wardrobes alongside a practical single bedroom, complemented by a fitted bathroom. On the exterior, the property boasts a front lawn area and driveway parking. A secure side gate opens to an enclosed rear garden primarily laid to lawn and featuring a patio area—ideal for family gatherings or pets. Located conveniently close to local shops, reputable schools, and frequent bus services to Derby City Centre, this home also benefits from easy access to major roadways like the A50 and M1 motorway as well as East Midlands Airport. Its proximity to key employers like Rolls-Royce further enhances its rental appeal.

Investment Analysis

(DE73 area)

Above Market Value

This property is priced +12.9% above area average per sq ft

+12.9%
This Property
£338/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£194,937
10% above area average per sq ft
Potential ROI
-13.4%
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

Redmires Drive, Chellaston
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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
£721
Based on a loan of £150,000 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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