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Borrowash Road, Spondon, Derbyshire DE21

East Midlands

£230,000

Listed on 16/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
771 sqft

Description

This semi-detached three-bedroom home, located on a desirable street, presents a promising opportunity for those looking to invest in property with renovation potential. Situated conveniently close to local amenities and transport links, the property features a spacious gated driveway that offers ample parking along with a car port. The interior layout includes a welcoming entrance hallway that has room for enhancement, such as the addition of a ground floor WC. The dual-aspect lounge/diner provides ample natural light, while the fitted kitchen is functional yet ripe for modernisation. Upstairs, there are three generously sized bedrooms complemented by a family shower room and separate WC. Externally, the low-maintenance rear garden features a large patio area and an outdoor shed with potential for extension to the side (subject to planning permission). With UPVC double glazing and gas central heating already in place, this home offers an attractive canvas for buyers to apply their vision. The property is being sold with no upward chain and immediate vacant possession, making it an appealing option for various buyers seeking to make their mark.

Investment Analysis

(DE21 area)

Above Market Value

This property is priced +15.2% above area average per sq ft

+15.2%
This Property
£298/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£219,573
10% above area average per sq ft
Potential ROI
-13.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (DE21)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +4.7%
5 year growth: +13.9%
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

Borrowash Road, Spondon, Derbyshire DE21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£869
Based on a loan of £172,500 over 30 years at 4.45% 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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