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Highfield Lane, Derby, DE21

East Midlands

£290,000
Listed on 01/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1194 sqft

Description

This charming family home in Chaddesden presents a unique opportunity for buyers seeking investment potential in a sought-after location. The property features a well-designed one-bedroom annex at the rear, ideal for guests or rental purposes, providing additional income potential. While the main house has been partially updated with a modern kitchen and a contemporary four-piece bathroom, some areas still offer scope for personalisation and refurbishment, particularly in the garden space. The two-storey layout includes an entrance porch, lounge with bay window, and three bedrooms on the first floor, complemented by ample off-street parking for several vehicles. Overall, this detached property not only serves as an attractive family residence but also holds promise for further enhancements that can increase its value over time.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%
Potential saving
This Property
£243/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£343,914
10% above area average per sq ft
Potential ROI
+9.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
143%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.9% over the last 12 months
3 year growth: +4.8%
5 year growth: +16.0%
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

Highfield Lane, Derby, DE21
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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
£1,046
Based on a loan of £217,500 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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