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Petersham Drive, Alvaston, Derby, Derbyshire, DE24 - Image 1
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Petersham Drive, Alvaston, Derby, Derbyshire, DE24

East Midlands

£310,000
Listed on 25/03/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1040 sqft

Description

This two-bedroom detached bungalow, offered with no onward chain, provides an excellent canvas for renovation and personal transformation. Upon entering, you are greeted by a spacious hallway that establishes a welcoming ambiance throughout the home. The large living room is designed to be a cozy retreat, enhanced by double glazed patio doors that flood the space with natural light. The dining room connects seamlessly to the kitchen, suggesting opportunities to innovate and reconfigure the layout for modern living. The kitchen features essential fittings and leads into a practical utility room, adding further convenience for daily tasks. Both bedrooms are generously proportioned, each benefiting from fitted wardrobes and original parquet flooring beneath the carpet, hinting at the home's potential charm once revealed. The adaptable bathroom has served as a wet room in the past and could easily be updated to meet contemporary standards. Outside, the property boasts a driveway leading to an attached garage and a substantial enclosed rear garden that offers both lawn and patio areas—ideal for outdoor enjoyment or further landscaping projects. Located in Alvaston, Derby, this bungalow is well-positioned near local amenities and transport links, making it a strategic investment opportunity in a desirable residential area.

Investment Analysis

(DE24 area)

Above Market Value

This property is priced +24.2% above area average per sq ft

+24.2%
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
£274,560
10% above area average per sq ft
Potential ROI
-21.6%
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

Petersham Drive, Alvaston, 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
£1,118
Based on a loan of £232,500 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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