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Merlin Way, Mickleover, Derby DE3 - Image 1
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Merlin Way, Mickleover, Derby DE3

East Midlands

£325,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
861 sqft

Description

This modern three-bedroom end mews property is situated on a desirable corner plot within the Mickleover Country Park, boasting pleasant views over the Pastures Golf Course. The home presents various opportunities for renovation and enhancement, making it an ideal investment for those looking to personalize their living space. Internally, the layout includes an inviting open storm porch that leads into a hallway with essential amenities such as a downstairs cloakroom. The lounge is light-filled with charming sash windows and features a classic fireplace that could benefit from updating. The spacious dining kitchen is equipped with contemporary white gloss units and high-quality integrated appliances; however, further modernization could unlock its full potential as a social space. The first floor hosts three well-sized bedrooms, including a primary suite with built-in wardrobes and an en-suite shower room, which may require some upgrades to match current design trends. A family bathroom with both bath and separate shower also offers scope for improvement. Outside, the property's extensive corner garden presents excellent prospects for expansion (subject to planning permissions), along with enhanced landscaping options. Driveway parking accommodates two vehicles and leads to a detached garage—additional practicality that can be improved upon. Mickleover Country Park is known for its community feel and easy access to local amenities, making this home an appealing choice for families or investors looking to enhance value through thoughtful renovations.

Investment Analysis

(DE3 area)

Above Market Value

This property is priced +26.1% above area average per sq ft

+26.1%
This Property
£377/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£287
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£283,562
10% above area average per sq ft
Potential ROI
-22.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DE3)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +1.7%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on DE3 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

Merlin Way, Mickleover, Derby DE3
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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
£1,151
Based on a loan of £243,750 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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