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Lodge Lane, Spondon, Derby DE21 - Image 1
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Lodge Lane, Spondon, Derby DE21

East Midlands

£220,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
853 sqft

Description

This three-bedroom bungalow in the desirable village of Spondon presents a unique opportunity for renovation enthusiasts or families seeking to customize their ideal home. The spacious single-level layout opens with a welcoming entrance hall, leading into a bright living and dining room that offers ample space for both relaxation and entertaining. The kitchen is functional, providing essential worktop and storage areas with direct access to the rear garden, catering to everyday family needs. The property features three well-sized bedrooms, each adaptable for use as guest rooms, home offices, or hobby spaces, while a practical bathroom includes a shower cubicle and necessary facilities. A generous loft space presents significant potential for conversion into additional living space (subject to planning permissions), further enhancing the property's value. Outside, the blocked paved front provides off-road parking convenience, while the private rear garden offers secluded outdoor space perfect for gardening or leisure activities. Located centrally within Spondon, this home is close to local amenities such as shops and schools yet retains a peaceful residential feel. This bungalow not only offers comfortable living but also an attractive investment potential through thoughtful updates.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -1.1% below area average per sq ft

-1.1%
Potential saving
This Property
£258/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£244,615
10% above area average per sq ft
Potential ROI
-5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +5.1%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on DE21 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

Lodge Lane, Spondon, Derby DE21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£779
Based on a loan of £165,000 over 30 years at 3.91% 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.

Price History

-8.3% since listed
£220,000£20,000(-8.3%)
23/03/2026
Current price
£240,000Initial listing
14/12/2025

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