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Peveril Drive, Ilkeston, DE7

East Midlands

£220,000
Listed on 23/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1196 sqft

Description

Nestled on a generously sized plot, this spacious detached bungalow presents an excellent opportunity for renovation and investment. With its versatile layout, the property allows for numerous enhancements that could significantly increase its value. Conveniently located within walking distance of Ilkeston town centre, residents will find a variety of amenities such as shops, eateries, and public transport options including bus and rail links. Additionally, the nearby A610 and M1 ensure easy access to surrounding areas. The entrance hallway leads to several key areas of the home, including a bay-fronted lounge with large UPVC double-glazed windows that fill the space with natural light. This room features a gas fire and surround, offering a cozy focal point for gatherings. The kitchen/diner is another highlight, equipped with wall and base units, integrated appliances, and ample space for dining. It also opens into a conservatory that overlooks the rear garden. The bungalow boasts three bedrooms; two are generously sized double rooms with attractive views of the surroundings. The bathroom includes a practical three-piece suite with a shower over the bath. Additionally, there is a separate W.C., which is beneficial for family living or guests. Outside, the property is set back from the road with a spacious block-paved driveway offering plenty of off-street parking. The rear garden is designed for easy maintenance yet retains generous proportions, complete with slabbing and established flower borders as well as a summer house. This bungalow provides a unique canvas for those looking to invest in property improvements while enjoying the benefits of an accessible location near Ilkeston’s amenities. With thoughtful renovations, there's substantial potential to enhance both comfort and value in this home.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -20.2% below area average per sq ft

-20.2%
Potential saving
This Property
£184/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
£303,180
10% above area average per sq ft
Potential ROI
+16.6%
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

Peveril Drive, Ilkeston, 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
£806
Based on a loan of £165,000 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