Main Street, Hognaston, DE6

East Midlands

£75,000

Listed on 23/03/2026

Property Details

Bedrooms

Type

Cottage

Area

240 sqft

Description

Situated in the quaint village of Hognaston, this brick-built cottage presents a prime opportunity for renovation enthusiasts or investors looking to transform a property. With a full refurbishment required throughout, the layout currently consists of an Entrance Hallway featuring a mezzanine level that holds potential as an additional bedroom, a Living Room with multiple windows and a skylight, plus practical spaces such as a Utility Room and Shower Room. The outdoor area offers a garden that could be landscaped into a pleasant lawn, enclosed by wooden fencing. This property is being sold with no upward chain and is available for cash buyers only, making it an attractive option for those ready to invest in its restoration.

Investment Analysis

(DE6 area)

Above Market Value

This property is priced +1.7% above area average per sq ft

+1.7%

This Property

£313/sq ft

Area Average

£307/sq ft

Avg Rent (weekly)

£258

Avg Yield

3.2%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£30,000 - £50,000

Target Value

£81,127

10% above area average per sq ft

Potential ROI

-35.1%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

52%

Properties sold annually

Local Market Trend (DE6)

Area prices are stable by +1.7% over the last 12 months

3 year growth: -5.2%

5 year growth: +15.1%

Investment Disclaimer: Analysis based on DE6 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

Main Street, Hognaston, DE6

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£270

Based on a loan of £56,250 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.