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Priory Gardens, Oakwood, Derby

East Midlands

£585,000
Listed on 28/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
2468 sqft

Description

This extended four-bedroom detached family home is positioned on one of the largest plots within a desirable cul-de-sac in Oakwood, Derby. Offering approximately 2,400 sq ft of living space, the property features a double detached garage and an additional brick-built workshop, enhancing its appeal for both family living and potential investment. While it requires some cosmetic updates, the home's layout is well-balanced and spacious, providing a blank canvas for buyers to personalize. With a south-facing landscaped garden, complete with patio areas and mature trees, outdoor space is equally inviting. Inside, you'll find an entrance hallway leading to various reception rooms including a lounge with a traditional fireplace that opens into a conservatory. The dining kitchen is well-equipped but could benefit from modernizing along with the rest of the decor. Four generous double bedrooms await on the upper floor; two are en-suite while there’s also a family bathroom to accommodate guests or family needs. Notably, this property benefits from solar panels and gas central heating contributing to energy efficiency. This home represents a significant opportunity for those looking to enhance their investment through renovation in a sought-after location near local amenities and commuting routes.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -8.3% below area average per sq ft

-8.3%
Potential saving
This Property
£237/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£701,912
10% above area average per sq ft
Potential ROI
+12.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +14.0%
Investment Disclaimer: Analysis based on DE21 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

Priory Gardens, Oakwood, Derby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,087
Based on a loan of £438,750 over 30 years at 3.97% 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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