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Devas Gardens, Spondon

East Midlands

£250,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
917 sqft

Description

Situated in a quiet cul-de-sac, this three-bedroom semi-detached house presents a valuable opportunity for renovation. Having been in the same ownership since its construction in the early 1960s, the property retains much of its original charm while offering ample scope for updates. The layout includes a welcoming entrance hallway that leads to a generous lounge/dining area and a functional kitchen. The first floor features three spacious bedrooms alongside a family bathroom, making it suitable for various living arrangements. Outside, you'll find a driveway and a detached garage, complemented by well-maintained front and rear gardens that hold potential for landscaping or outdoor upgrades. Although the home requires modernization, it offers considerable investment opportunities for first-time buyers or families looking to customize their living space according to personal preferences. This property represents an exciting project for those looking to create their dream home or capitalize on its investment potential.

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Investment analysis

(DE21 area)

Above Market Value

This property is priced +5.3% above area average per sq ft

+5.3%
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
£261,152
10% above area average per sq ft
Potential ROI
-9.9%
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

Devas Gardens, Spondon
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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

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