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Derby Road, Spondon, Derby DE21 - Image 1
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Derby Road, Spondon, Derby DE21

East Midlands

£120,000
Listed on 10/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1284 sqft

Description

This three-bedroom semi-detached home on Derby Road in Spondon represents a promising opportunity for those looking to invest in a renovation project. With a solid structure and a desirable village location, the property is currently in need of modernisation throughout, providing an ideal blank canvas for customization and improvement. The generous driveway offers ample off-road parking and leads to a detached garage, enhancing the property's functionality. Internally, multiple reception rooms allow for varied usage, whether you envision distinct dining and living spaces or an open-plan layout. The existing kitchen features sufficient worktop space but could be transformed into an inviting cooking area with contemporary finishes. Adjacent is a conservatory that overlooks the garden, perfect for creating a bright and airy living space. Upstairs, the property offers three bedrooms ready for updates to meet current lifestyle standards. The family bathroom includes essential amenities but would benefit from modernization. Outside, the good-sized garden presents great potential for landscaping or extending your living space further (subject to necessary permissions). With its renovation needs and location, this home offers an exciting prospect for investors or families seeking to make their mark in this sought-after area.

Investment Analysis

(DE21 area)

Below Market Value

This property is priced -64.2% below area average per sq ft

-64.2%
Potential saving
This Property
£93/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£368,213
10% above area average per sq ft
Potential ROI
+123.2%
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

Derby Road, 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
£425
Based on a loan of £90,000 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.

Stamp Duty Calculator

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