Worst House on the Street Logo
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 1
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 2
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 3
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 4
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 5
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 6
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 7
84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ - Image 8

84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ

East Midlands

£250,000
Listed on 30/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property, currently operating as a fishing tackle retailer, offers significant potential for renovation and investment. Originally a two-storey semi-detached dwelling, the structure has been adapted to accommodate commercial use, which provides a unique opportunity for those looking to enhance or repurpose the space. On the ground floor, you'll find an open-plan retail area that boasts front and rear access. The interior features a combination of painted plaster and slat board walling, carpeted flooring, and a suspended ceiling—elements that could be modernized or reconfigured according to your vision. At the back of the property, an attached block-built store with double doors allows for easy loading and unloading directly into the car park. The first floor is accessible from within the retail space and comprises several cellular rooms currently designated for storage. This level also includes a small kitchenette, providing potential for additional amenities or expansion of services. Parking is another asset of this property; it includes forecourt parking along Mansfield Road for approximately four vehicles. Additionally, there is an enclosed car park at the rear, accessible via Howitt Street, which can accommodate six to eight more vehicles. Situated in a location conducive to foot traffic and visibility, this property presents a versatile canvas for various business ventures or residential conversion opportunities. Whether you are interested in continuing its current use or exploring other possibilities, its layout and location offer ample scope for creative investment.

Investment Analysis

(DE75 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by +4.3% over the last 12 months
3 year growth: 12.4%
5 year growth: 38.6%
Investment Disclaimer: Analysis based on DE75 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

84-86 Mansfield Road, Heanor, Derbyshire DE75 7AQ
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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