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Ray Street, Heanor, Derbyshire

East Midlands

£130,000
Listed on 14/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
936 sqft

Description

This three-bedroom terraced property, conveniently located near the town centre, presents an exciting opportunity for renovation and investment. The home features two reception rooms and a functional kitchen that could benefit from modern upgrades. With gas central heating and UPVC double glazing already in place, structural improvements may be more streamlined. The sizeable garden boasts two outbuildings and ample space for landscaping, making it an ideal area for outdoor enhancements. While the interior requires some modernisation, this property has great potential to become a comfortable family home or a lucrative rental opportunity.

Investment Analysis

(DE75 area)

Below Market Value

This property is priced -38.6% below area average per sq ft

-38.6%
Potential saving
This Property
£139/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£233,050
10% above area average per sq ft
Potential ROI
+50.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -3.7% over the last 12 months
3 year growth: +9.8%
5 year growth: +37.1%
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
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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
£469
Based on a loan of £97,500 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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