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Village Street, Derby DE23

East Midlands

£220,000

Listed on 03/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
872 sqft

Description

This three-bedroom semi-detached property offers a solid foundation for those looking to invest or renovate. Located in a desirable area of the East Midlands, it is conveniently situated near local amenities and recognized schools. The layout includes a welcoming hallway, a spacious lounge, and an expansive kitchen/dining room complete with a pantry and ground floor WC. Upstairs, you'll find three generously sized bedrooms alongside a functional bathroom. Outside, the property features an attractive fore garden set back from the road and an enclosed rear garden that provides ample space for potential extensions or off-road parking, subject to planning permission. This home holds great promise for investors seeking a project with growth potential in a thriving community.

Investment Analysis

(DE23 area)

Above Market Value

This property is priced +6.4% above area average per sq ft

+6.4%
This Property
£252/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£227,522
10% above area average per sq ft
Potential ROI
-10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (DE23)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -2.9%
5 year growth: +5.6%
Investment Disclaimer: Analysis based on DE23 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

Village Street, Derby DE23
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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
£785
Based on a loan of £165,000 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.

Stamp Duty Calculator

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