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Sinfin Avenue, Derby DE24

East Midlands

£262,995
Listed on 18/04/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
812 sqft

Description

Located in the desirable Shelton Lock area, this two-bedroom detached bungalow presents an excellent opportunity for renovation and investment. Recently refreshed with new decor, flooring, and a newly insulated conservatory roof, the property is well-maintained yet offers ample scope for further enhancement. Set on a generous corner plot, there is potential for extensions or reconfigurations (subject to planning permissions), making it ideal for those looking to maximize their investment. The accommodation features a welcoming entrance hall leading to a spacious lounge with dual aspect windows flooded with natural light. The breakfast kitchen boasts plenty of storage and workspace, while the conservatory overlooks the secluded rear garden. Both bedrooms are well-proportioned, accompanied by a shower room. Externally, the property benefits from off-road parking on the driveway and a detached garage that serves as excellent additional storage or workshop space. The wrap-around garden allows for landscaping opportunities that could further enhance the property's appeal. With its strategic location near local amenities and convenient transport links to Derby City Centre, this bungalow not only offers comfortable living but also significant potential for capital growth through well-planned renovations or extensions.

Investment Analysis

(DE24 area)

Above Market Value

This property is priced +33.8% above area average per sq ft

+33.8%
This Property
£324/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£191
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£216,199
10% above area average per sq ft
Potential ROI
-28.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by -5.3% over the last 12 months
3 year growth: +3.8%
5 year growth: +23.0%
Investment Disclaimer: Analysis based on DE24 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

Sinfin Avenue, Derby DE24
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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
£931
Based on a loan of £197,246 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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