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Derby Road, Marehay, DE5 8JN

East Midlands

£650,000
Listed on 11/04/2026

Property Details

Bedrooms
3
Type
Mixed Use
Area
1712 sqft

Description

This detached bungalow presents a promising opportunity for renovation, featuring three spacious double bedrooms along with an additional study or small bedroom. The property is complemented by an adjoining commercial unit that includes a yard, workshop, stores, and office spaces across two floors. The expansive layout is conducive to a variety of uses, including potential residential development or business ventures, pending planning consent. Key characteristics include an open fronted entrance porch leading into well-proportioned living areas such as the lounge and dining room, as well as a functional breakfast kitchen that could benefit from modernisation. The substantial conservatory offers versatility in usage but may require updates to fit contemporary preferences. Moreover, the external areas boast parking facilities and landscaped gardens which further enhance the property’s appeal for future investment. Overall, this property represents a unique chance for those looking to capitalise on its inherent potential through thoughtful renovations.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +62.3% above area average per sq ft

+62.3%
This Property
£380/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£440,575
10% above area average per sq ft
Potential ROI
-39.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DE5)

Area prices are falling by -10.8% over the last 12 months
3 year growth: -6.9%
5 year growth: +9.7%
Investment Disclaimer: Analysis based on DE5 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, Marehay, DE5 8JN
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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
£2,302
Based on a loan of £487,500 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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