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Elm Grove, Derby, DE22

East Midlands

£250,000

Listed on 25/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
847 sqft

Description

Introducing a three-bedroom semi-detached residence located in the desirable area of Allestree, now available without an onward chain. This property presents an ideal opportunity for first-time buyers or families eager to personalize their living space. It features spacious interiors, a substantial garden, and notable potential for enhancements. The entryway leads into a generously sized lounge, perfect for both relaxation and hosting. At the rear, you'll find a functional kitchen connected to a dining area, creating an inviting hub for day-to-day family activities. The ground floor is further complemented by a utility room and a convenient WC. On the upper level, there are three well-proportioned bedrooms that offer versatile options for family living, remote work, or accommodating guests. The family bathroom is accompanied by a separate WC, adding practicality to the household. Outside, the property boasts off-road parking suitable for two vehicles and a particularly large rear garden, offering ample space for outdoor gatherings or gardening projects. The generous plot size also opens up exciting possibilities for expansion (subject to planning permissions). Situated within easy reach of various local amenities such as shops, cafés, and schools, this property benefits from excellent transport links to Derby city centre and beyond. This represents a remarkable chance to secure a home in a prime location and craft it according to your individual style and preferences.

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Investment analysis

(DE22 area)

Above Market Value

This property is priced +19.2% above area average per sq ft

+19.2%
This Property
£295/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£230,642
10% above area average per sq ft
Potential ROI
-20.5%
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

Elm Grove, Derby, DE22
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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
£944
Based on a loan of £187,500 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

Next Steps

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