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Carter Lane East, South Normanton DE55 - Image 1
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Carter Lane East, South Normanton DE55

East Midlands

£185,000
Listed on 08/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
759 sqft

Description

This detached bungalow features two spacious double bedrooms and presents a compelling opportunity for renovation and enhancement. Located in a desirable residential area with convenient access to the A38 and M1 Motorway, this property is perfect for those looking to invest in a project. The layout includes an entrance porch, a welcoming L-shaped hallway that leads to a lounge with an original open fireplace, and a dining kitchen equipped with essential utilities. The two well-sized bedrooms offer plenty of natural light through UPVc double glazed windows. The family bathroom is functional yet in need of modernisation. Outside, the block paved driveway provides ample off-road parking leading to a single garage, while the rear garden connects to an open field, providing potential for expansion or outdoor living enhancement. With no upward chain, this property is ready for its next chapter.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +8.6% above area average per sq ft

+8.6%
This Property
£244/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£187,435
10% above area average per sq ft
Potential ROI
-12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +0.7%
5 year growth: +18.6%
Investment Disclaimer: Analysis based on DE55 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

Carter Lane East, South Normanton DE55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£655
Based on a loan of £138,750 over 30 years at 3.91% 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.

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