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The Woodlands, Melbourne, Derby DE73

East Midlands

£425,000
Listed on 16/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1090 sqft

Description

This spacious four-bedroom detached home is positioned on a prime corner plot, offering significant potential for development, including the opportunity to extend (subject to planning permissions). The property boasts off-road parking options both at the front and rear, accompanied by a double garage that could serve various purposes beyond vehicle storage. Inside, you'll find a well-proportioned layout featuring an entrance hall, lounge with a log-burning stove, and a breakfast kitchen that leads into a versatile dining area. Each of the four bedrooms benefits from natural light courtesy of large UPVC double-glazed windows, while the family bathroom is equipped with essential fixtures. The exterior advantages include a gravel driveway, side garden area ideal for further landscaping or extensions, and a private rear garden flanked by mature shrubs. The garage has additional features like power and light fittings along with ample space which may allow for conversion into an annex or workspace (subject to approval). With solar panels installed on the roof enhancing energy efficiency, this property presents a robust investment opportunity for buyers looking to tailor it to modern living standards.

Investment Analysis

(DE73 area)

Above Market Value

This property is priced +29.6% above area average per sq ft

+29.6%
This Property
£390/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£360,599
10% above area average per sq ft
Potential ROI
-24.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DE73)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -2.3%
5 year growth: 12.1%
Investment Disclaimer: Analysis based on DE73 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

The Woodlands, Melbourne, Derby DE73
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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
£1,557
Based on a loan of £318,750 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