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Hemington, Derby DE74

East Midlands

£725,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1419 sqft

Description

This charming detached three-bedroom home offers a unique opportunity for renovation and investment, nestled within just over 4.5 acres of land in a desirable village setting. As a Grade II listed property with origins dating back to the 1600s, the house is rich in character, featuring exposed beams and traditional elements that reflect its historical significance. The interior accommodates modern living needs while retaining its period charm. The layout includes a utility room equipped with practical features such as base units, plumbing for appliances, and direct access to the kitchen/breakfast room, which is fitted with a butler sink and a cozy brick fireplace. The snug area boasts an open fireplace, offering warmth and character, while additional reception rooms provide versatility for family or entertaining purposes. The real potential lies beyond the main residence. A generous range of outbuildings—including former village bakery structures—presents significant opportunities for conversion into additional living spaces, offices, or commercial use, subject to necessary approvals. These buildings are complemented by equestrian facilities that include stables, feed rooms, and barns, making this property ideal for horse enthusiasts looking to expand their operations or start anew. The external grounds feature ample parking space suitable for multiple vehicles and horse transport. The grazing land is mainly flat pasture divided into paddocks with automatic water troughs, providing an excellent setup for equestrian activities or agricultural use. Situated in the well-regarded village of Hemington, the property benefits from local amenities including a primary school and public house. Additionally, excellent riding trails are accessible directly from the property. Nearby market towns like Castle Donington offer further conveniences while cities such as Nottingham, Derby, and Leicester are within reasonable reach. Offered without a chain and with potential for additional land acquisition through negotiation, this property presents an attractive prospect for renovation-minded buyers looking to create their ideal home while capitalizing on its investment potential in both residential and equestrian capacities.

Investment Analysis

(DE74 area)

Above Market Value

This property is priced +83.1% above area average per sq ft

+83.1%
This Property
£511/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£72,500 - £181,250
10-25% of property value
Target Value
£435,647
10% above area average per sq ft
Potential ROI
-51.9%
After renovation
Monthly Sales
12
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (DE74)

Area prices are falling by +4.5% over the last 12 months
3 year growth: -2.4%
5 year growth: 23.6%
Investment Disclaimer: Analysis based on DE74 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Hemington, Derby DE74
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