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Heanor Road, Ilkeston

East Midlands

£180,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom family home presents a solid opportunity for renovation and investment in a sought-after area of Ilkeston. Conveniently situated near reputable schools, essential road connections, and local amenities, this property holds significant potential for modern upgrades. Upon entering, the entrance hallway showcases an original stained glass door and window, providing a glimpse of the home's character. The ground floor features a spacious lounge with a bay window and a dining room equipped with a gas fire. The kitchen, though functional, is ready for contemporary enhancements and includes access to a sizable walk-in pantry for added storage. The first floor accommodates three well-sized bedrooms, each benefitting from natural light through double-glazed windows, and a family bathroom that offers further scope for improvement. Outside, the rear garden is primarily laid to lawn, providing an inviting space for outdoor activities or gardening enthusiasts. The property also includes original outbuildings that could be transformed into useful workshops or additional storage space. Paved access runs along the side of the house leading to the backyard. Ilkeston’s strategic location between Nottingham and Derby enhances its appeal as an investment opportunity; it features quick access to both junctions 25 and 26 of the M1 motorway and is only 20 minutes away from key destinations such as Nottingham city center and the Queen's Medical Centre. With no upward chain involved in this sale, this property is poised for those looking to create their ideal home while benefitting from its investment potential in this thriving market town.

Investment Analysis

(DE7 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

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
54
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE7)

Area prices are rising by +4.4% over the last 12 months
3 year growth: 3.1%
5 year growth: 23.5%
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

Heanor Road, Ilkeston
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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
£659
Based on a loan of £135,000 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