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Douglas Avenue, Heanor

East Midlands

£260,000
Listed on 25/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached bungalow presents a rare opportunity for renovation and expansion in the desirable area of Heanor. Situated across two plots, it comes with planning permission for a double driveway, enhancing its appeal for future investment. Inside, the spacious lounge diner is brightened by large windows, allowing ample natural light to fill the space. Both of the well-sized double bedrooms offer flexibility, with the master bedroom featuring an en-suite bathroom and direct access to a private enclosed garden—ideal for outdoor relaxation and potential landscaping projects. The manageable rear garden provides additional scope for personalisation or gardening enthusiasts looking to create their ideal outdoor retreat. This property stands out as a blank canvas, allowing new owners to tailor finishes and features according to their preferences. With the right vision, this bungalow can transform into a modern living space with added value in a thriving community.

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 - £40,000
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

Douglas Avenue, Heanor
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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
£952
Based on a loan of £195,000 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