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Bishops Drive, Oakwood DE21

East Midlands

£235,000
Listed on 09/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
848 sqft

Description

This three-bedroom detached house on Bishops Drive in Oakwood represents a prime renovation opportunity for those looking to craft a personalized family home. While the property is currently in need of comprehensive modernization, it stands as an inviting canvas for buyers with a vision. The layout includes a lounge, sizable kitchen, dining room, and three well-proportioned bedrooms alongside a family bathroom. Outdoors, there's a detached garage and driveway parking, complemented by front and rear gardens offering pleasant outdoor spaces.

Located in a desirable area known for its family-friendly atmosphere, the property benefits from close proximity to essential amenities, reputable schools, and robust transport connections to major roadways including the A38, A50, and M1. Given its potential and competitive pricing combined with no onward chain, this home is an excellent prospect for both investors aiming to enhance their portfolio or families eager to personalize their living environment.

Investment Analysis

(DE21 area)

Above Market Value

This property is priced +6.3% above area average per sq ft

+6.3%
This Property
£277/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£243,181
10% above area average per sq ft
Potential ROI
-14.7%
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

Bishops Drive, Oakwood 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
£832
Based on a loan of £176,250 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.

Stamp Duty Calculator

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