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Shelton Drive, Shelton Lock, Derby, Derbyshire, DE24 - Image 1
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Shelton Drive, Shelton Lock, Derby, Derbyshire, DE24

East Midlands

£230,000
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
771 sqft

Description

This two-bedroom detached bungalow in the sought-after Shelton Lock area of Derby presents an exceptional opportunity for investors and homeowners alike. The property is primed for modernisation, showcasing ample living space that includes a generous living room, two spacious double bedrooms, a large kitchen diner, and an expansive conservatory that could serve as an excellent entertaining area. Equipped with uPVC double glazing and central heating, the home is a blank canvas ready for your creative vision. Outside, the front features a driveway accommodating multiple vehicles and leads to a detached garage. The rear of the property boasts a substantial garden with plenty of planting space and a sizable patio area perfect for outdoor relaxation. This bungalow offers significant potential to enhance value while being set in a desirable residential locale. A viewing is strongly recommended to fully appreciate what this property has to offer.

Investment Analysis

(DE24 area)

Above Market Value

This property is priced +24.3% above area average per sq ft

+24.3%
This Property
£298/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£203,544
10% above area average per sq ft
Potential ROI
-24.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
116%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by -4.4% over the last 12 months
3 year growth: +5.5%
5 year growth: +26.6%
Investment Disclaimer: Analysis based on DE24 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

Shelton Drive, Shelton Lock, Derby, Derbyshire, DE24
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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
£830
Based on a loan of £172,500 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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