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Meridian Close, Ilkeston, Derbyshire, DE7

East Midlands

£135,000
Listed on 06/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
561 sqft

Description

This two-bedroom semi-detached home in Ilkeston stands as a promising renovation opportunity for those looking to invest in a property with potential. The house is currently in need of comprehensive modernisation, providing a blank canvas for buyers to tailor the space according to their individual style and preferences. The layout includes a spacious reception room perfect for both relaxation and dining, a kitchen that floods with natural light, and two well-sized double bedrooms, each offering the chance for custom updates. The bathroom features essential fixtures but also calls for an upgrade to align with modern standards. Externally, the property boasts a private garden area that highlights valuable outdoor space and comes with off-street parking—an attractive asset in this locality. Within close proximity to Ilkeston town centre, residents will find an array of local shops and supermarkets along with convenient access to schools, making it suitable for families or long-term investment buyers. Additionally, the nearby railway station provides direct links to Nottingham and Sheffield, enhancing its appeal for commuters seeking easy travel options. With renovations aimed at revitalising the interior and improving exterior landscaping, this property offers excellent potential for added value in an increasingly sought-after area.

Investment Analysis

(DE7 area)

Above Market Value

This property is priced +4.7% above area average per sq ft

+4.7%
This Property
£241/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£141,779
10% above area average per sq ft
Potential ROI
-11.4%
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

Meridian Close, Ilkeston, Derbyshire, DE7
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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
£487
Based on a loan of £101,250 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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