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Chestnut Avenue, Mickleover, Derby

East Midlands

£425,000

Listed on 15/06/2026

Property Details

Bedrooms
3
Type
Detached

Description

Positioned in a quiet suburban setting, this three-bedroom detached home presents a promising opportunity for both renovation and expansion (subject to planning permission). The property features two garages and a private rear garden that faces west, offering great potential for outdoor enhancements. Currently available with no onward chain, this well-maintained residence boasts UPVC double glazing and gas central heating throughout. Inside, the layout includes an entrance hallway with original wooden flooring, a convenient ground floor WC, and a cozy lounge complete with a bay window and a gas fireplace. The extended dining/sitting room provides ample space for entertaining, complemented by sliding doors leading to the garden. The kitchen is fitted with essential appliances and features a spacious utility room connected to the garages. A conservatory adds natural light and access to the outdoor area. Upstairs are three generous double bedrooms, two equipped with fitted wardrobes, alongside a four-piece family bathroom. Outside, the property enjoys driveway parking leading to the two garages and an inviting front garden. The rear garden is well-established with various planting options including a summer house, greenhouse, and shed. Situated in Mickleover, known for its local amenities including shops, schools, and transport links like the A38 and A50, this property holds significant investment potential for those looking to modernize or expand.

Investment Analysis

(DE3 area)
Area Average
£297/sq ft
Avg Rent (weekly)
£283
Avg Yield
4.8%

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
18
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE3)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +2.7%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on DE3 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

Chestnut Avenue, Mickleover, 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
£1,606
Based on a loan of £318,750 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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