Worst House on the Street Logo
Ray Street, Heanor, Derbyshire - Image 1
Ray Street, Heanor, Derbyshire - Image 2
Ray Street, Heanor, Derbyshire - Image 3
Ray Street, Heanor, Derbyshire - Image 4
Ray Street, Heanor, Derbyshire - Image 5
Ray Street, Heanor, Derbyshire - Image 6
Ray Street, Heanor, Derbyshire - Image 7
Ray Street, Heanor, Derbyshire - Image 8
Ray Street, Heanor, Derbyshire - Image 9

Ray Street, Heanor, Derbyshire

East Midlands

£130,000
Listed on 13/02/2026

Property Details

Bedrooms
3
Type
Terraced
Area
936 sqft

Description

This three-bedroom terrace property, positioned conveniently near the town centre, presents a promising opportunity for those looking to invest in a renovation project. The home features two spacious reception rooms and a kitchen with potential for modernisation, while the gas central heating and UPVC double glazing provide a solid foundation. The sizeable garden includes outbuildings, which could be transformed into functional spaces or additional storage. With three well-proportioned bedrooms and a bathroom that requires updating, this property offers significant scope for enhancement and value appreciation in the sought-after East Midlands market.

Investment Analysis

(DE75 area)

Below Market Value

This property is priced -38.5% below area average per sq ft

-38.5%
Potential saving
This Property
£139/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£232,381
10% above area average per sq ft
Potential ROI
+45.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +8.1%
5 year growth: +31.6%
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

Ray Street, Heanor, Derbyshire
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£460
Based on a loan of £97,500 over 30 years at 3.91% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.