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Gisborne Close, Mickleover, Derby

East Midlands

£350,000

Listed on 01/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1249 sqft

Description

This extended four-bedroom detached home is situated at the end of a quiet cul-de-sac and boasts one of the largest plots in the area, offering significant potential for renovation and extension (pending relevant planning permissions). The property features an expansive rear garden that is ripe for landscaping or even new structures, making it an ideal project for those looking to invest in a family home. Inside, the layout includes an entrance hallway, a downstairs WC, and a fitted kitchen that flows into an open-plan lounge/dining area with patio doors leading out to the garden. The first floor comprises four bedrooms and a shower room, providing ample space for reconfiguration. The location in Mickleover offers access to local amenities, schools, and transport links, enhancing its appeal as a renovation opportunity in a sought-after suburb.

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Investment analysis

(DE3 area)

Below Market Value

This property is priced -5.4% below area average per sq ft

-5.4%
Potential saving
This Property
£280/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£303
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£406,880
10% above area average per sq ft
Potential ROI
+4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DE3)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -0.8%
5 year growth: +13.2%
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

Gisborne Close, 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
£1,322
Based on a loan of £262,500 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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