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Nicholas Close, Spondon, Derby

East Midlands

£230,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
843 sqft

Description

Nestled in a peaceful cul-de-sac in Spondon, this traditional semi-detached property features three bedrooms and an expansive rear garden, presenting a promising canvas for modernisation. With a well-thought-out layout, this home comprises a wide entrance hallway leading to an open-plan lounge/diner that spans over 23ft, illuminated by windows on both sides. The kitchen, located at the rear, is equipped with basic cabinetry and provides direct access to the garden. Upstairs, there are two generous double bedrooms and a single bedroom, ideal for various living arrangements. The family shower room adds convenience but may require updating to meet contemporary standards. Externally, the back garden offers ample space, surrounded by mature landscaping—perfect for outdoor activities or potential landscaping projects. A driveway grants off-road parking and leads to a garage with a newly installed electric door. This residence is not just a house; it’s an opportunity for buyers looking to invest their vision into transforming it into a distinctive home.

Investment Analysis

(DE21 area)

Above Market Value

This property is priced +5.4% above area average per sq ft

+5.4%
This Property
£273/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£240,078
10% above area average per sq ft
Potential ROI
-11.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (DE21)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +4.7%
5 year growth: +13.9%
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

Nicholas Close, Spondon, 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
£869
Based on a loan of £172,500 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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