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Carter Lane East, South Normanton, DE55 - Image 1
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Carter Lane East, South Normanton, DE55

East Midlands

£185,000
Listed on 01/12/2025

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
759 sqft

Description

This two-bedroom detached bungalow presents an excellent opportunity for renovation in a desirable residential area of the East Midlands. Set in a non-estate location with convenient access to the A38 and M1, this property, offered with no upward chain, is ready for a transformative upgrade. The accommodation includes an entrance porch leading to an L-shaped hallway, which provides access to a spacious lounge featuring a classic tiled fireplace, and a generously sized dining kitchen complete with essential plumbing and multiple windows for natural light. Each of the two double bedrooms benefits from electric storage heating and UPVc double glazing, ensuring comfort while you plan your updates. The bathroom is equipped with a white suite and fully tiled walls, but would benefit from modernization. Outside, a block-paved driveway offers off-road parking leading to a single garage. The rear garden is complemented by useful garden store rooms and backs onto open fields, providing potential for outdoor enhancements or landscaping. This bungalow could be transformed into a contemporary living space tailored to modern tastes.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +8.6% above area average per sq ft

+8.6%
This Property
£244/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£187,435
10% above area average per sq ft
Potential ROI
-16.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +0.7%
5 year growth: +18.6%
Investment Disclaimer: Analysis based on DE55 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

Carter Lane East, South Normanton, DE55
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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
£655
Based on a loan of £138,750 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.

Stamp Duty Calculator

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