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Cotmanhay Road, Ilkeston, Derbyshire, DE7

East Midlands

£179,950
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
894 sqft

Description

This semi-detached house presents a distinctive opportunity for those looking to invest in a property with considerable renovation potential. While the home requires updates, it offers a solid foundation for first-time buyers or families eager to customize their living space to fit their lifestyle. The layout features a spacious reception room, highlighted by an attractive fireplace, which serves as a welcoming area for both relaxation and entertaining. The three bedrooms comprise two generous doubles and a third bedroom that opens onto a Juliet balcony, providing pleasant views over the garden and nearby park while allowing ample natural light into the space. A dining kitchen is ready for transformation, offering the chance to create a modern culinary environment tailored to personal tastes. Additionally, there’s a family bathroom and practical amenities such as an integral single garage and off-road parking, which enhance everyday convenience for busy households. The rear garden is particularly noteworthy; it’s not only ideal for outdoor activities but also offers significant scope for landscaping and gardening projects. Situated in an area with strong public transport links and within walking distance of local schools, this property benefits from easy access to green spaces that enhance the community's family-friendly appeal. The manageable council tax band B adds further appeal for prospective homeowners. Overall, this property stands as a blank canvas for those with vision—perfectly positioned to become a comfortable family home or an excellent investment opportunity in a desirable location.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£201/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£226,625
10% above area average per sq ft
Potential ROI
+3.0%
After renovation
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

Cotmanhay Road, Ilkeston, Derbyshire, DE7
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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 £134,962 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