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Melbourne Road, Isley Walton, Derby DE74 - Image 1
Melbourne Road, Isley Walton, Derby DE74 - Image 2
Melbourne Road, Isley Walton, Derby DE74 - Image 3

Melbourne Road, Isley Walton, Derby DE74

East Midlands

£550,000
Listed on 13/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This traditional three-bedroom detached bungalow is set on a generous 1/3 acre plot and offers significant renovation and investment potential. The property features both double and single garages, alongside a collection of versatile brick outbuildings that could be repurposed for various uses. Inside, the layout consists of two reception rooms, a breakfast room, kitchen with utility space, and three well-proportioned bedrooms, including a master with an ensuite shower room. The expansive integral garage may also be converted into additional living accommodation. With its potential for extensions or loft conversions (subject to planning permission), this property is a promising investment opportunity. It boasts oil-fired central heating and UPVC double glazing, but would benefit from modernization to enhance its appeal further. The well-maintained gardens provide ample space for outdoor activities, while the gated private driveway offers off-road parking suitable for multiple vehicles. This bungalow not only represents a comfortable living space but also presents numerous avenues for development in a desirable location.

Investment Analysis

(DE74 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE74)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -4.4%
5 year growth: 21.8%
Investment Disclaimer: Analysis based on DE74 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

Melbourne Road, Isley Walton, Derby DE74
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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
£2,015
Based on a loan of £412,500 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