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Chestnut Avenue, Mickleover

East Midlands

£180,000
Listed on 20/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
517 sqft

Description

This two-bedroom semi-detached bungalow offers a unique opportunity for renovation and expansion in the desirable suburb of Mickleover. With significant potential to enhance the living space, including possibilities for extending into the loft and at the back (subject to necessary planning permissions), this property is a promising investment for those looking to create their ideal home. The generous driveway leads to a detached garage, providing additional storage or workshop options. Inside, a welcoming entrance porch opens into a thoughtfully arranged hallway. The spacious lounge/diner at the rear benefits from natural light through patio doors that lead out to the garden. The kitchen is equipped with ample storage and workspace, also allowing access to the outdoor area. Two comfortable bedrooms, including a larger room with built-in wardrobes, overlook the front of the property. A wet room-style shower adds practicality. The exterior features a manageable garden space with lawn and pathways enclosed by fencing, perfect for enjoying outdoor time while minimizing maintenance effort. Located conveniently close to local amenities and transport links into Derby city center, this bungalow is positioned within a community-oriented neighborhood known for its schools, parks, and leisure facilities. For those seeking comfort combined with an exciting renovation project, this home presents an attractive proposition.

Investment Analysis

(DE3 area)

Above Market Value

This property is priced +18.8% above area average per sq ft

+18.8%
This Property
£348/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£166,658
10% above area average per sq ft
Potential ROI
-22.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
78%
Properties sold annually

Local Market Trend (DE3)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.8%
5 year growth: +19.7%
Investment Disclaimer: Analysis based on DE3 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

Chestnut Avenue, Mickleover
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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
£649
Based on a loan of £135,000 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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