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Manners Road, Ilkeston

East Midlands

£475,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1022 sqft

Description

This period three-bedroom semi-detached house presents a unique investment opportunity, accompanied by a separate garden plot that has received outline planning permission for the construction of two detached dwellings. The property is currently in liveable condition, featuring gas central heating and double glazing, yet it offers significant potential for refurbishment to enhance its functionality and aesthetic appeal for modern family living. The expansive grounds include both front and rear gardens, as well as off-street parking and a garage. Situated on a corner plot with views over Victoria Park, this property benefits from its location in a desirable residential neighborhood known for its family-friendly amenities, including schools and leisure facilities. With the potential to develop two additional four-bedroom homes on the designated plot, this opportunity is ideal for small to medium-sized developers looking to capitalize on the area's demand. A sympathetic renovation could substantially increase the property's value while also meeting contemporary housing needs in this sought-after locale.

Investment Analysis

(DE7 area)

Above Market Value

This property is priced +102.2% above area average per sq ft

+102.2%
This Property
£465/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,397
10% above area average per sq ft
Potential ROI
-49.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (DE7)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +3.3%
5 year growth: +23.4%
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

Manners Road, Ilkeston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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