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Heanor Road, Ilkeston, DE7 - Image 1
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Heanor Road, Ilkeston, DE7

East Midlands

£270,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
775 sqft

Description

This detached three-bedroom property is situated in a desirable location near the Shipley/Ilkeston border, making it an appealing choice for both homeowners and investors. With no upward chain, this home presents a unique opportunity to enter the market. While the property is livable as-is, it offers significant potential for cosmetic updates that could enhance both its functionality and aesthetic appeal. The layout includes a porch, an entrance hall, a spacious lounge, and a breakfast kitchen on the ground floor. Upstairs, you will find three bedrooms alongside a family bathroom. Outside, the front features a paved area that allows for off-street parking, while the rear of the property boasts a generous patio and lawn space—ideal for families with children or pets. Location-wise, this home benefits from being just moments away from Ilkeston Town Centre, which is known for its varied amenities including schools and healthcare facilities. Additionally, transport links are easily accessible, providing convenient options for commuting or traveling. Given its strategic location and renovation potential, this property is well-suited for savvy buyers looking to create value through improvements or as a long-term investment. Viewing is highly recommended to fully appreciate what this home has to offer.

Investment Analysis

(DE7 area)

Above Market Value

This property is priced +51.2% above area average per sq ft

+51.2%
This Property
£348/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£196,459
10% above area average per sq ft
Potential ROI
-31.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE7)

Area prices are rising by +4.4% over the last 12 months
3 year growth: 3.1%
5 year growth: 23.5%
Investment Disclaimer: Analysis based on DE7 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

Heanor Road, Ilkeston, DE7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE