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Scarsdale Avenue, Allestree, Derby

East Midlands

£600,000

Listed on 03/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1556 sqft

Description

This traditional detached family home, built in the 1930s, offers significant renovation and investment potential. With four bedrooms, the property is in need of modernisation, making it an ideal project for those looking to add value. A notable feature of this offering is the adjacent building plot included with the sale, permitting the construction of an additional four-bedroom home. The existing accommodation comprises an entrance hall leading to a spacious lounge and dining room, along with a kitchen, utility area, and separate WC on the ground floor. Upstairs hosts four bedrooms and a bathroom. The property also boasts a generous rear garden and off-road parking accessible in front of the garage. Located in a desirable cul-de-sac in Allestree, residents benefit from local amenities such as Park Farm shopping centre, schools, and nearby recreational areas. This unique combination of a renovatable property alongside an additional building opportunity presents a rare chance for savvy investors or families looking to create their dream home while benefiting from potential rental income or resale value.

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Investment analysis

(DE22 area)

Above Market Value

This property is priced +52.4% above area average per sq ft

+52.4%
This Property
£386/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£432,949
10% above area average per sq ft
Potential ROI
-38.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DE22)

Area prices are falling by -6.5% over the last 12 months
3 year growth: +6.9%
5 year growth: +15.2%
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

Scarsdale Avenue, Allestree, 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
£2,267
Based on a loan of £450,000 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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