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Park Road, Ilkeston

East Midlands

£79,950
Listed on 29/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
833 sqft

Description

This spacious end-terrace property presents an excellent opportunity for renovation and investment, located conveniently just under a mile from Ilkeston Town Centre. The area boasts various amenities including shops, dining options, and public transport connections, with easy access to major routes like the A610 and M1 leading directly into Nottingham. The layout includes a lounge, kitchen, utility room, and a downstairs bathroom, alongside an additional lean-to space. A staircase grants access to three well-sized bedrooms on the first floor and a converted loft space adds further potential for development. Features such as UPVC double glazing and gas central heating are present but may require updates. This property offers significant scope for enhancement to unlock its full potential, making it ideal for keen investors or those looking to create their own living space through strategic renovations.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -58.2% below area average per sq ft

-58.2%
Potential saving
This Property
£96/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£210,520
10% above area average per sq ft
Potential ROI
+83.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (DE7)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +2.7%
5 year growth: +23.6%
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

Park Road, Ilkeston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£288
Based on a loan of £59,962 over 30 years at 4.06% 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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