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Nottingham Road, Spondon, Derby

East Midlands

£140,000
Listed on 04/03/2026

Property Details

Bedrooms
4
Type
Terraced house

Description

This substantial four-bedroom mid-terrace property located on Nottingham Road in Spondon offers a promising opportunity for those looking to invest in a renovation project with significant potential. Retaining many of its original period features, the home spans three floors and boasts generous room sizes that can easily be reconfigured to suit modern living needs. A welcoming entrance hall leads into a light-filled living room with a large bay window, complemented by an additional reception room that overlooks the private rear garden. The impressive kitchen/dining area presents ample space for modernization and creative layout options. The cellar provides additional storage and may offer future development possibilities, subject to necessary permissions. On the upper levels, you will find three well-sized bedrooms alongside a family bathroom and separate WC, while the top floor features an expansive bedroom complete with en-suite facilities—ideal for guests or rental use. Outside, the property includes off-road parking for one vehicle and a secluded garden area. This home requires a comprehensive renovation but represents a rare chance to enhance and restore a period property in a convenient suburban location close to essential amenities and transport links.

Investment Analysis

(DE21 area)
Area Average
£262/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
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

Nottingham Road, Spondon, Derby
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 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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