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Merchant Avenue, Spondon, DERBY - Image 1
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Merchant Avenue, Spondon, DERBY

East Midlands

£160,000
Listed on 26/02/2026

Property Details

Bedrooms
4
Type
Semi-detached house

Description

This extended semi-detached property is situated in a cul-de-sac on the outskirts of Spondon, providing easy access to local amenities including schools and shopping options such as an ASDA superstore. The home has had significant preparatory work completed, with external walls constructed and roofing finalized. The groundwork has been laid for a transformation into a spacious four- or five-bedroom residence, with potential for customisation in internal layout and finishes. Planning permission is secured for the extension, allowing the new owner to tailor the interior to their vision while ensuring compliance with regulations. Once completed, the layout will feature multiple reception areas, utility room, and a master bedroom with ensuite facilities. With opportunity for off-street parking and a rear garden, this property presents an appealing project for investors or those desiring a bespoke family home.

Investment Analysis

(DE21 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
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
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

Merchant Avenue, Spondon, DERBY
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 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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