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Merlin Way, Mickleover, Derby

East Midlands

£325,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
861 sqft

Description

This modern three-bedroom end mews home is nestled in a desirable corner plot within Mickleover Country Park, presenting an appealing investment opportunity. The property boasts an attractive outlook over the Pastures Golf Course and features open living spaces ideal for personalization and enhancement. The entrance hallway leads to a stylish lounge with an Adams-style fireplace, complemented by a spacious dining kitchen outfitted with high-quality units and integrated appliances, perfect for entertaining or family gatherings. Upstairs, three well-sized bedrooms offer ample space for reconfiguration or renovation, alongside a contemporary four-piece bathroom that can be upgraded for additional comfort. The generous corner plot not only provides a lawned garden but also presents excellent potential for expansion or further landscaping to maximize outdoor enjoyment (subject to planning permissions). With a detached garage and parking for two vehicles at the rear, this property holds considerable value in its existing layout while providing plenty of scope for improvement. Located just west of Derby city centre, it enjoys proximity to local amenities, schools, and transport links, making it an attractive purchase for investors or families seeking to add their own touch.

Investment Analysis

(DE3 area)

Above Market Value

This property is priced +26.1% above area average per sq ft

+26.1%
This Property
£377/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£287
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£283,562
10% above area average per sq ft
Potential ROI
-22.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DE3)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +1.7%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on DE3 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

Merlin Way, Mickleover, Derby
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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
£1,151
Based on a loan of £243,750 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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