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7 Melfort Close, Sinfin, Derby DE24 3HW

East Midlands

£88,000
Listed on 01/05/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow

Description

This semi-detached bungalow in the sought-after Sinfin Moor area presents a promising investment opportunity with significant renovation potential. The property features a spacious lounge highlighted by a traditional fireplace, two well-proportioned bedrooms, and a family bathroom. A fitted kitchen offers functionality, while the generous rear garden, complete with a garage and a garden shed, provides ample outdoor space for improvements or extensions. Given its solid layout and desirable location with good transport links, this property is ideal for buyers looking to add value through thoughtful renovations. It's important to conduct personal inspections and due diligence before participating in the auction process.

Investment Analysis

(DE24 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£202
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by -6.8% over the last 12 months
3 year growth: +2.1%
5 year growth: +20.2%
Investment Disclaimer: Analysis based on DE24 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

7 Melfort Close, Sinfin, Derby DE24 3HW
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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
£314
Based on a loan of £66,000 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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