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Douglas Avenue, Heanor

East Midlands

£260,000
Listed on 22/12/2025

Property Details

Bedrooms
2
Type
Detached Bungalow

Description

This spacious two-bedroom detached bungalow presents an exciting opportunity for renovation and investment in the desirable area of Heanor, nestled on two plots. The property currently holds planning permission for a double driveway, enhancing its accessibility and potential value. Inside, you'll find a bright lounge diner that receives ample natural light, offering a welcoming atmosphere for entertaining or relaxation. The bungalow features two generously sized double bedrooms; the master suite includes an en-suite bathroom and direct access to the private enclosed rear garden, which is ripe for landscaping or personalisation. With its manageable outdoor space and potential to adapt the interior to your taste, this property is suited for those looking to create their dream home while benefiting from single-level living.

Investment Analysis

(DE75 area)
Area Average
£226/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +8.1%
5 year growth: +31.6%
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

Douglas Avenue, Heanor
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£921
Based on a loan of £195,000 over 30 years at 3.91% 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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