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Ray Street, Heanor, Derbyshire, DE75

East Midlands

£85,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom property presents a promising renovation opportunity for those looking to invest in a project that offers substantial potential. Located conveniently near local schools, shops, and transport links, the property is positioned to benefit from the surrounding community amenities. Internally, the home features two reception rooms, a kitchen, a bathroom, and three well-proportioned bedrooms. The ground floor includes a living room with tiled flooring and a front-facing uPVC double-glazed window, providing an inviting space that could be enhanced with modern updates. Adjacent to this is a second reception room, which could serve various purposes depending on your vision for the layout. The kitchen is functional as it stands but offers ample space for reconfiguration or complete redesign—ideal for those who wish to create an open-plan living area. A back door leads directly into the rear garden, which is fully enclosed and offers both patio and lawn areas surrounded by established trees and shrubs, allowing for outdoor improvements or expansions. Upstairs, the landing provides access to three bedrooms—all of which feature double-glazed windows that ensure plenty of natural light. One bedroom houses a wall-mounted boiler; however, there is room for creative renovations throughout to suit contemporary living standards. Set back from the road with brick wall borders, this property enjoys some level of privacy while still being easily accessible. With no upward chain involved, this home could be transformed into an attractive dwelling with careful planning and investment. Whether you are looking to flip the property or create a family residence tailored to your tastes, its character and location make it a worthwhile consideration in today’s market.

Investment Analysis

(DE75 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£8,500 - £21,250
10-25% of property value
Monthly Sales
14
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by +5.7% over the last 12 months
3 year growth: 10.9%
5 year growth: 35.5%
Investment Disclaimer: Analysis based on DE75 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Ray Street, Heanor, Derbyshire, DE75
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