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Sitwell Street, Spondon, Derby DE21

East Midlands

£600,000
Listed on 26/04/2026

Property Details

Bedrooms
7
Type
Detached
Area
3453 sqft

Description

This property presents a compelling opportunity for investors and renovators, featuring two distinct residential units on a single plot in the central area of Spondon Village. The front semi-detached house includes two bedrooms, a separate living space, kitchen, and a family bathroom, all showcasing potential for modern updates while retaining original features such as beautiful beams. Adjacent to it is a spacious five-bedroom detached home that offers significant scope for revitalization. This part of the property comprises multiple reception rooms, a large kitchen with views of a serene rear garden, and upstairs facilities that include well-sized bedrooms and a wet room-style shower. Both homes come with ample off-road parking and outdoor space, providing additional flexibility for development or configuration adjustments (subject to planning consent). Given its character-rich nature but clear need for comprehensive refurbishment, this listing offers an exciting project for those looking to make their mark in a well-established residential locale.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -32.8% below area average per sq ft

-32.8%
Potential saving
This Property
£174/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£982,050
10% above area average per sq ft
Potential ROI
+36.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +14.0%
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

Sitwell Street, Spondon, Derby DE21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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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