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Derby Road, Spondon, Derby

East Midlands

£170,000
Listed on 12/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1284 sqft

Description

This three-bedroom semi-detached property on Derby Road in Spondon offers a compelling opportunity for homeowners and investors alike. Presenting a blank canvas, this residence requires comprehensive modernisation, making it perfect for those looking to personalise their space or undertake significant renovations. With ample potential to extend (subject to relevant permissions), the property features multiple reception areas that could be reconfigured into open-plan living spaces. The generous driveway leads to a detached garage, enhancing the property's appeal for anyone needing extra storage or workspace. The kitchen, while functional, is in need of updating, and the rear conservatory overlooks a sizeable garden that invites landscaping and creative use. Upstairs boasts three bedrooms and a family bathroom ready for refurbishment, offering great possibilities for transformation into contemporary living spaces. This home not only provides room for improvement but also stands in a desirable village location that can enhance its long-term value. With the right vision and investment, this property can be turned into a charming home tailored to your tastes.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -49.4% below area average per sq ft

-49.4%
Potential saving
This Property
£132/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£369,837
10% above area average per sq ft
Potential ROI
+68.1%
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

Derby Road, Spondon, Derby
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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
£613
Based on a loan of £127,500 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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