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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 23/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This charming three-bedroom detached bungalow is set on an expansive approximately one-third acre plot and presents a promising opportunity for those looking to invest in a property with significant renovation potential. The home features a dual garage setup, including both double and single garages, as well as various separate brick outbuildings that can be repurposed for different uses such as workshops or perhaps even converted into additional living space, pending the necessary planning permissions. The interior comprises two spacious reception rooms and a kitchen equipped with utility space, all of which could benefit from modern updates. Each of the three bedrooms is generously sized, with the master bedroom offering an ensuite shower room and ample natural light thanks to the UPVC double glazing throughout. While the property already includes oil-fired central heating, there is room for enhancement by possibly extending or converting the loft (which is partially boarded) to further increase liveable space. The well-maintained gardens surround the home and offer an attractive landscape that could be reimagined to suit personal tastes. With its private driveway providing off-road parking for multiple vehicles and lovely outdoor areas, this bungalow holds substantial potential for extension or modernization to truly make it your own.

Investment Analysis

(DE74 area)
Area Average
£284/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (DE74)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -6.5%
5 year growth: +14.3%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 over 30 years at 4.06% 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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