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Park Street, Heanor

East Midlands

£20,000
Listed on 19/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached three-bedroom home presents a unique renovation opportunity in a well-regarded residential neighborhood. Although the property has experienced significant fire damage, it offers a canvas for those looking to invest in a comprehensive refurbishment project. The property features a separate garage and a substantial rear garden, both of which are ripe for revitalization. However, potential buyers should be aware that the conservatory at the back of the house has sustained severe damage and may need to be entirely replaced. Additionally, there is evidence of Japanese knotweed on the premises, which will require professional intervention to manage effectively. Located in a desirable area with easy access to local amenities, schools, and transport links, this property has strong potential for appreciation once restored. It is particularly suited for cash buyers who are equipped to handle the extensive renovations necessary to bring it back to life as a functional family home or an attractive investment rental. Please note that due to its current condition, this property is not eligible for traditional mortgage financing. Interested parties should therefore prepare for cash transactions only. Viewings are available by appointment.

Investment Analysis

(DE75 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
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

Park Street, 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
£73
Based on a loan of £15,000 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