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Bishops Drive, Oakwood, DE21

East Midlands

£235,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled within the desirable Bishops Drive area of Oakwood, this three-bedroom detached residence presents a prime opportunity for those looking to invest in a property ripe for renovation. The home is currently in need of comprehensive modernization, making it an ideal canvas for buyers wishing to tailor their living space to their personal preferences. With no upward chain, this property offers straightforward accessibility for potential investors and families eager to make their mark. The layout includes a lounge, a generously sized kitchen, a dining room, three well-sized bedrooms, and a family bathroom. Outside, you'll find a detached garage along with driveway parking and spacious gardens at both the front and back—perfect for future landscaping or outdoor entertaining. Bishops Drive boasts convenient access to local amenities, reputable schools, and robust transport links to the A38, A50, and M1 highways. This location is highly coveted for its family-friendly environment and commuter advantages. Viewing is highly recommended to appreciate the full potential of this property.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
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

Bishops Drive, Oakwood, DE21
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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
£848
Based on a loan of £176,250 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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