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Manners Road, ILKESTON

East Midlands

£80,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
865 sqft

Description

This mid-terrace property presents a valuable refurbishment opportunity for the discerning buyer or investor. With two bedrooms and two reception rooms, the layout provides a solid foundation for transformation. Located conveniently near the town center, it benefits from close proximity to essential amenities, major transport links, and supermarkets. The ground floor features a living room and dining area that could be revitalized with modern touches, alongside a compact kitchen ready for updates. Upstairs, two well-proportioned bedrooms offer potential for creative reconfiguration. The bathroom is functional but could greatly benefit from renovation to enhance the overall appeal of the home. The property also boasts a private courtyard garden ideal for outdoor activities or gardening enthusiasts. On-street non-permit parking is available, adding to its convenience. This home requires comprehensive refurbishment, making it an ideal project for those looking to add value through renovation.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -59.9% below area average per sq ft

-59.9%
Potential saving
This Property
£92/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£219,273
10% above area average per sq ft
Potential ROI
+82.7%
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

Manners 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
£293
Based on a loan of £60,000 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