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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 four-bedroom detached house from the 1930s presents a compelling opportunity for those looking to invest in renovation and modernization. The property requires significant upgrading but holds excellent potential to enhance its value, particularly with the added benefit of an adjacent building plot that allows for the construction of a new four-bedroom detached home. The existing residence features a welcoming entrance hall leading to a spacious lounge and dining room, a kitchen with essential amenities, and a rear sunroom that could be revitalized. On the upper floor, you'll find four bedrooms along with a bathroom and separate WC. Outside, the property boasts off-road parking alongside a garage and a generously sized rear garden, which can serve as an ideal space for outdoor activities or landscaping. This unique offering is situated in a desirable cul-de-sac in Allestree, providing convenient access to local amenities, schools, and parks—making it not just a home but also an investment with substantial development potential.

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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 - £90,000
Target Value
£432,949
10% above area average per sq ft
Potential ROI
-37.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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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