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Park Street, Heanor

East Midlands

£200,000
Listed on 01/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
753 sqft

Description

Located in a well-established area of Heanor, Derbyshire, this two-bedroom bungalow presents a noteworthy opportunity for those looking to invest or personalize their living space. The property is clean and maintained, providing a charming environment that is ready for immediate occupancy while also allowing for future enhancements. With an inviting layout rich in character, it features unique touches that could be further developed with some thoughtful renovations. The exterior includes a private driveway for off-road parking and an expansive rear garden that ensures privacy. This generous outdoor space holds significant potential for development, whether through extending the home itself or transforming it into an exceptional entertainment area (subject to necessary permissions). Given the combination of its current condition and the opportunities it presents, this bungalow is well-suited for first-time buyers, seasoned investors, or those wishing to downsize but still seeking a project with promising returns. Properties like this one are seldom on the market for long, making early viewings highly recommended to fully appreciate its renovation possibilities.

Investment Analysis

(DE75 area)

Above Market Value

This property is priced +18.2% above area average per sq ft

+18.2%
This Property
£266/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£186,160
10% above area average per sq ft
Potential ROI
-22.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (DE75)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +10.3%
5 year growth: +36.5%
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

Park Street, Heanor
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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
£721
Based on a loan of £150,000 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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