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Woods Lane, Derby

East Midlands

£110,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
829 sqft

Description

This three-bedroom terraced house, featuring a classic double-fronted design, presents a prime opportunity for renovation and investment. The property is currently vacant, allowing for immediate possession and the flexibility to begin improvements without delay. On the ground floor, you will find three distinct reception areas along with a conservatory and an adjoining kitchen/diner. This layout provides ample space for reconfiguration or modern updates to suit contemporary living needs. The upstairs hosts three generously sized double bedrooms and a shower room, providing a solid foundation for future enhancements. Set in a central location, the property benefits from easy access to various local amenities, shops, and transport links. These features not only enhance everyday convenience but also increase the property's attractiveness to potential tenants or buyers upon completion of renovations. With substantial scope for improvement and possible extension (subject to planning permission), this house offers significant investment potential. Whether you are looking to create a family home tailored to your tastes or targeting the rental market, this property has the attributes necessary for substantial value addition through thoughtful upgrades.

Investment Analysis

(DE22 area)

Below Market Value

This property is priced -47.9% below area average per sq ft

-47.9%
Potential saving
This Property
£133/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£186
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£232,033
10% above area average per sq ft
Potential ROI
+45.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE22)

Area prices are rising by +13.1% over the last 12 months
3 year growth: 15.5%
5 year growth: 33.9%
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

Woods Lane, Derby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£403
Based on a loan of £82,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE