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Chime Close, Oakwood

East Midlands

£220,000

Listed on 25/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
710 sqft

Features

  • Garage
  • Garden
  • Parking

Description

This three-bedroom detached house is set in a cul-de-sac in Oakwood and is offered with no onward chain. The ground floor has an entrance leading to a dining area with stairs to the first floor, a rear kitchen and a front-to-back lounge with French doors opening to the garden. Upstairs are two double bedrooms, a third bedroom suitable for use as a study, and a family bathroom. The listing describes the property as requiring renovation and modernisation, providing scope to update the accommodation to suit a new owner's requirements. Outside, the property has a front garden, driveway parking for multiple vehicles and a garage. The rear garden includes lawn, decking and a summer house, with access to the rear also noted in the listing. The detached layout and existing accommodation offer a basis for refurbishment, subject to inspection and any necessary checks.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

38out of 100
Grade ELow opportunity

Confidence: MEDIUM

This detached three-bedroom home has a clear light-refresh project: older finishes and worn flooring across the visible rooms offer scope to update the décor, flooring and tired kitchen and bathroom details, while the rear deck and garden could also be improved. The long, open lounge, generous garden, summer house, garage and multiple-vehicle parking give the project useful underlying appeal, and no obvious major structural failure is visible in the photos.

The main constraint is the price. At £220,000, the asking price is around 20% above the local £/sqf average; combined with a mid-to-substantial works programme, the purchase and improvement spend looks stretched against local benchmarks for this floor area. That comparison is against current local average value, not a forecast of the home's value after renovation.

Key opportunities

  • Refresh the patterned wallpaper, paintwork and worn flooring across the visible living spaces and bedrooms.
  • Update the dated kitchen and bathroom finishes to suit a new owner's taste, without the photos establishing that full replacement is needed.
  • Improve the weathered rear deck and tidy the established garden, which also has a summer house.

Key risks

  • At the current asking level, the purchase price plus the improvement programme leaves the overall spend stretched against local benchmarks for a home of this floor area.
  • Purchase plus the works band looks tight once the asking price and a mid-to-substantial refurb are combined, leaving a gap of around 21% versus area norms for this sqft; post-works value sits outside our data.

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Map

Location

Chime Close, Oakwood
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Transport

Nearest stations

  • Derby Rail Station

    2.1 miles

    Train · Derby

  • Spondon Rail Station

    2.8 miles

    Train · Spondon

  • Duffield Rail Station

    3.4 miles

    Train · Duffield

  • Peartree Rail Station

    3.5 miles

    Train · Pear Tree

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£899
Based on a loan of £165,000 over 30 years at 5.13% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-8.3% since listed
£220,000£20,000(-8.3%)
31/10/2026
Current price
£240,000Initial listing
25/09/2026

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