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Penzance Road, Alvaston, Derby

East Midlands

£199,950

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
986 sqft

Description

This three-bedroom semi-detached property stands on a generously sized plot and presents significant renovation and extension opportunities, with planning permission already in place for a two-storey extension. The property is chain-free, making for a smooth transaction process. Internally, it includes a welcoming porch leading to an entrance hall, a spacious lounge complete with a decorative fireplace, and an open-plan dining kitchen that opens into a conservatory, enhancing the living space. The first floor features three bedrooms and a bathroom that offers potential for modernization. Outside, the low-maintenance garden is complemented by an expansive L-shaped driveway and an outbuilding, providing additional utility. Situated in the vibrant area of Alvaston and Shelton Lock, residents will benefit from easy access to local amenities and schools, as well as scenic walks at nearby Elvaston Castle and Country Park. This property not only offers immediate living comfort but also exciting prospects for those looking to invest in further enhancements or expansions.

Investment Analysis

(DE24 area)

Below Market Value

This property is priced -13.9% below area average per sq ft

-13.9%
Potential saving
This Property
£203/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£204
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£255,369
10% above area average per sq ft
Potential ROI
+2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +3.3%
5 year growth: +21.3%
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

Penzance Road, Alvaston, Derby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£755
Based on a loan of £149,962 over 30 years at 4.45% 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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