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47 Penrhyn Avenue, Derby, Derbyshire DE23 6LB - Image 1
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47 Penrhyn Avenue, Derby, Derbyshire DE23 6LB

East Midlands

£170,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1155 sqft

Description

This semi-detached three-bedroom home, built in the 1930s, is an excellent candidate for renovation in a desirable area of Littleover Village. Nestled in a mature residential setting, this property offers ample opportunity for modernisation and personalization, making it an appealing prospect for investors or those seeking a project. The layout features a classic design with a porch, entrance hallway, spacious lounge with bay window, and separate dining room that connects through double doors. The kitchen retains its period units and leads to a conservatory that provides additional storage space. Upstairs, you will find three bedrooms—including two generous doubles—and a bathroom complete with vintage tiling. The main bedroom boasts built-in wardrobes and lots of natural light. Outside, the property includes a front garden with driveway access and a lean-to garage, while the rear garden is sizable and enclosed, offering significant landscaping potential or possibilities for extension (pending planning consent). The property benefits from gas central heating but has single-glazed windows which may require updating. This home presents an exciting chance to create your ideal living space within an established community known for its accessibility to local amenities such as shops and parks, as well as schools that are highly regarded by families.

Investment Analysis

(DE23 area)

Below Market Value

This property is priced -38.4% below area average per sq ft

-38.4%
Potential saving
This Property
£147/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£187
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£303,332
10% above area average per sq ft
Potential ROI
+37.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (DE23)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -1.5%
5 year growth: +8.4%
Investment Disclaimer: Analysis based on DE23 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

47 Penrhyn Avenue, Derby, Derbyshire DE23 6LB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£602
Based on a loan of £127,500 over 30 years at 3.91% 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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