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Hanover Square, Derby

East Midlands

£220,000

Listed on 02/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
837 sqft

Description

This three-bedroom semi-detached residence is situated in the desirable Mackworth area of Derby, offering a blend of convenience and potential for those seeking to invest or personalize their living space. The property, which sits on a tranquil tree-lined street, provides ample driveway parking alongside a detached garage. With front and rear gardens, this home has the inherent opportunity for modernisation that could significantly enhance its appeal and value. Spanning approximately 78 square meters (837 square feet), the layout includes an inviting entrance hall that leads to a generously proportioned lounge diner. The lounge opens via sliding patio doors to a private rear garden, offering a great indoor-outdoor flow ideal for both relaxation and entertaining. The kitchen features essential cabinetry and provides access to the driveway, while a convenient ground-floor cloakroom adds practicality. On the first floor, three bedrooms provide flexible accommodation along with a bathroom that could benefit from updating. The attic space is accessible and partially boarded, presenting additional storage opportunities. Given its location in Mackworth — known for local amenities and educational facilities — this property holds excellent prospects not only for first-time buyers but also for downsizers and buy-to-let investors looking to capitalize on the area’s growth potential.

Investment Analysis

(DE22 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£263/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£227,919
10% above area average per sq ft
Potential ROI
-7.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE22)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +7.4%
5 year growth: +17.9%
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

Hanover Square, 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
£831
Based on a loan of £165,000 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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