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Derby Road, Marehay DE5

East Midlands

£650,000
Listed on 09/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1712 sqft

Description

This exceptional detached bungalow offers a rare blend of spacious living and commercial potential, featuring three generously sized double bedrooms along with a smaller study space. The property includes an adjoining commercial unit that presents numerous possibilities for business use, such as retail, workshops, or even residential development subject to planning permissions. The layout boasts an inviting entrance porch leading into a sizeable lounge complete with a decorative gas fire. A dining room with open access to the kitchen enhances the home's flow, while a large conservatory adds additional light and space suitable for various uses. The master bedroom benefits from an ensuite shower room, while the remaining bedrooms are well proportioned and bright. Externally, the property is set on a sizable plot with ample parking space and gardens at both front and rear, providing outdoor areas for entertainment or further enhancements. This bungalow not only represents a comfortable family residence but also holds significant investment opportunities thanks to its versatile commercial unit. A visit is essential to fully grasp the extent of potential this property offers.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +62.4% above area average per sq ft

+62.4%
This Property
£380/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £60,000
Target Value
£440,292
10% above area average per sq ft
Potential ROI
-38.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE5)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 2.6%
5 year growth: 25.1%
Investment Disclaimer: Analysis based on DE5 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, Marehay DE5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE