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Baker Street, Alvaston, Derby

East Midlands

£340,000

Listed on 16/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1241 sqft

Description

This spacious three-bedroom detached home, located in the sought-after Alvaston area of Derby, presents an excellent opportunity for renovation and investment. The property boasts a generous plot size, ideal for potential extensions or even new developments, pending approval from local authorities. Internally, the accommodation includes an entrance hall, kitchen/dining room with ample space for appliances, a snug with a charming log burner that flows into the living room featuring bifold doors to the rear garden, a downstairs shower room, three comfortable bedrooms, and a family bathroom. The expansive rear garden not only adds to the property's appeal but also enhances its development prospects due to existing hardstanding and vehicle access. Alvaston is well-regarded for its community feel and proximity to major employers such as Rolls-Royce and Toyota Manufacturing UK. With convenient access to local amenities including shops, schools, leisure facilities, and excellent transport links via the A6, A50, and A52 roads as well as bus routes and mainline rail connections to Derby city centre, this location is practical for both families and professionals. Given its layout and untapped potential for expansion or modernisation, this home offers a promising opportunity for those looking to invest in property within this vibrant suburb.

Investment Analysis

(DE24 area)

Above Market Value

This property is priced +16.4% above area average per sq ft

+16.4%
This Property
£274/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£204
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£321,413
10% above area average per sq ft
Potential ROI
-15.4%
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

Baker Street, 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
£1,284
Based on a loan of £255,000 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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