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Derby Road, Marehay DE5

East Midlands

£650,000
Listed on 08/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1712 sqft

Description

This detached bungalow presents an exciting opportunity for renovation and potential investment value. Comprising three generously sized double bedrooms plus a versatile study/nursery, the property is complemented by an adjoining commercial unit that features a workshop, offices, and ample storage space. The layout includes an entrance porch leading into a spacious hallway, a lounge with a decorative gas fire, and a dining room connected to the kitchen, which boasts oak fronted units and breakfast bar. The expansive conservatory offers additional living space with views of the rear garden, ideal for creating an inviting retreat. The property's exterior highlights include off-road parking and a detached double garage, accompanied by a covered entertaining area in the garden. Given the dual potential for residential use or commercial business ventures (subject to planning permission), this property requires some refurbishment to bring it in line with contemporary standards and maximize its value.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +62.3% above area average per sq ft

+62.3%
This Property
£380/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£440,575
10% above area average per sq ft
Potential ROI
-39.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DE5)

Area prices are falling by -10.8% over the last 12 months
3 year growth: -6.9%
5 year growth: +9.7%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 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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