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Derby Road, Spondon, Derby

East Midlands

£175,000

Listed on 22/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
948 sqft

Description

This three-bedroom semi-detached property in Spondon presents a significant opportunity for renovation and personalisation. The spacious layout includes a large lounge, kitchen/diner, and a conservatory that opens onto the rear garden, creating an ideal setting for family gatherings or entertaining. While the property is currently in need of modernization, it offers potential buyers—be they families searching for their next project, first-time buyers ready to make their mark, or investors looking to add value—a chance to transform it into a comfortable home tailored to their tastes. The ground floor layout includes an entrance hall leading to a cloakroom/WC, while the first floor accommodates three bedrooms and a family bathroom. The generous plot features off-road parking for multiple vehicles and an enclosed rear garden with lawned areas, patio space, and mature trees providing privacy and scenic views. With its convenient location near local amenities, schools, transport links, and major road access, this property stands out as a prime investment opportunity in a desirable residential area. Early viewings are highly recommended to fully appreciate its potential.

Investment analysis

(DE21 area)

Below Market Value

This property is priced -28.8% below area average per sq ft

-28.8%
Potential saving
This Property
£185/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£270,242
10% above area average per sq ft
Potential ROI
+28.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (DE21)

Area prices are stable by +0.4% over the last 12 months
3 year growth: +5.4%
5 year growth: +13.5%
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

Derby Road, Spondon, 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
£661
Based on a loan of £131,250 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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