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Evans Avenue, Allestree, Derby

East Midlands

£600,000
Listed on 23/04/2026

Property Details

Bedrooms
5
Type
Detached
Area
1436 sqft

Description

Situated on the desirable Evans Avenue adjacent to Allestree Park and Lake, this detached five-bedroom residence offers an excellent opportunity for both investment and personalisation. The property boasts captivating views of the scenic Allestree Lake, making it an attractive proposition for those looking to create a bespoke family home. There is ample scope for improvement throughout, allowing new owners to tailor the space to their individual preferences and lifestyle needs. With no onward chain, this home is ready for immediate occupancy while also presenting a canvas for renovations that could significantly enhance its value. The local area provides convenient access to Allestree Park and various essential amenities within a short walking distance—including shops, cafes, healthcare services, and educational institutions suitable for all ages. Its prime location ensures easy connectivity into Derby City Centre and quick links to the A38 for regional travel. The accommodation features spacious rooms filled with character, including a welcoming entrance hall leading into multiple reception areas and a kitchen equipped with traditional fixtures. Upstairs, there are five well-proportioned bedrooms with potential to reconfigure spaces if desired, alongside functional bathroom facilities. The generous gardens provide outdoor relaxation space complemented by an integral garage and driveway. This property is poised for transformation into a contemporary living environment while preserving its inherent charm—a true gem in a sought-after neighbourhood.

Investment Analysis

(DE22 area)

Above Market Value

This property is priced +67.4% above area average per sq ft

+67.4%
This Property
£418/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£394,189
10% above area average per sq ft
Potential ROI
-38.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DE22)

Area prices are stable by +1.8% over the last 12 months
3 year growth: +11.8%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on DE22 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

Evans Avenue, Allestree, 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
£2,125
Based on a loan of £450,000 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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