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Hope Avenue, Mickleover, Derby

East Midlands

£300,000
Listed on 09/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

Situated on a substantial corner plot and bordered by neatly maintained beech hedging, this three-bedroom detached bungalow presents an excellent opportunity for renovation and investment. Located within a desirable cul-de-sac, this property is conveniently positioned near the amenities of Mickleover village. The spacious interiors are filled with natural light, offering flexible living spaces that cater to various lifestyle needs. This property has significant potential for modernisation or expansion (subject to obtaining the necessary planning permissions), allowing future owners to tailor it to their requirements. The outdoor space is equally appealing, featuring private gardens that enhance both seclusion and visual appeal, alongside ample parking for up to six vehicles and space for a caravan or motorhome. A double tandem brick garage adds further utility with internal measurements of 8.16 x 2.69 metres, offering additional storage options. Overall, this property not only offers comfortable living space but also stands out as a canvas for those looking to invest in a project with great potential in a highly sought-after location.

Investment Analysis

(DE3 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£287
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Hope Avenue, 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
£1,063
Based on a loan of £225,000 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

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