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Portreath Drive, Allestree

East Midlands

£240,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Semi Detached

Description

This traditional bay fronted home offers an excellent opportunity for refurbishment and investment. Situated on a good-sized plot, the property features spacious rooms and an efficient layout that can be enhanced with modern updates. The entrance welcomes you into a bright hall, providing access to well-established living areas. The bay-fronted living room boasts a charming feature fireplace with oak surround, while the rear reception room opens via patio doors to an expansive garden space, ripe for landscaping. The kitchen, equipped with base and eye-level units and essential appliances, presents a canvas for creating a contemporary culinary space. Upstairs, there are three bedrooms – two generous doubles and one single – along with a family bathroom featuring essential fixtures that could benefit from modernization. Outside, potential abounds in the rear garden where remnants of a previous garage provide an opportunity for redevelopment into usable storage or even a workshop. The property’s location is notably desirable due to its close proximity to local amenities including shops, cafes, and parks; plus easy links to major roads enhancing its appeal for both families and commuters alike. This home awaits your vision to bring it back to life while offering substantial growth potential in this sought-after area.

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Investment analysis

(DE22 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.3%

Renovation Potential

Heavy 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
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

Portreath Drive, Allestree
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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
£907
Based on a loan of £180,000 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

Next Steps

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