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Merlin Way, Mickleover, Derby DE3 - Image 1
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Merlin Way, Mickleover, Derby DE3

East Midlands

£325,000
Listed on 09/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
861 sqft

Description

This three-bedroom end mews home on a generous corner plot offers considerable renovation and investment potential. Nestled within the desirable Mickleover Country Park, the property is ideally located with views over the Pastures Golf Course. It features a functional layout, including an open storm porch leading into a hallway with a convenient downstairs WC. The lounge is bright, with an Adams-style fireplace creating a warm atmosphere. The spacious dining kitchen, though contemporary, could be enhanced further with modern finishes and appliances. Upstairs, the three well-sized bedrooms include a primary suite with built-in wardrobes and an en-suite shower room. The four-piece family bathroom is functional but could benefit from modernisation. Externally, the property boasts extensive lawned gardens at the front and side, presenting opportunities for extensions (subject to planning consent). A driveway provides off-street parking for two cars and leads to a detached garage, while the landscaped rear garden offers additional outdoor space that developers may wish to enhance or reconfigure.

Investment Analysis

(DE3 area)

Above Market Value

This property is priced +28.0% above area average per sq ft

+28.0%
This Property
£377/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£285
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£279,300
10% above area average per sq ft
Potential ROI
-23.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (DE3)

Area prices are rising by +6.3% over the last 12 months
3 year growth: 4.9%
5 year growth: 21.8%
Investment Disclaimer: Analysis based on DE3 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

Merlin Way, Mickleover, Derby DE3
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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
£1,191
Based on a loan of £243,750 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