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Wilmot Street, Ilkeston, Derbyshire

East Midlands

£145,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
912 sqft

Description

This generously sized home, spread over three floors, presents a unique opportunity for buyers looking to invest in a property with substantial potential for modernisation. Nestled conveniently close to local amenities and transport connections, this residence is poised for personalisation and enhancement. <br><br> Upon entering, you are greeted by a bright reception room adorned with traditional features, including a large window that floods the space with natural light and a charming fireplace that adds character. The separate dining area offers versatility for both daily meals and hosting guests, flowing seamlessly into the kitchen which provides access to the private rear courtyard. This area is ripe for reconfiguration or upgrades, allowing new owners to create their ideal culinary space.<br><br> The upper floors comprise two well-proportioned bedrooms along with a family bathroom on the first floor. Ascend further to discover an expansive principal bedroom on the second floor featuring an en-suite bathroom, providing a comfortable retreat. <br><br> Outside, the manageable rear courtyard is equipped with gated access and includes an outbuilding suitable for storage or perhaps even conversion into more usable space. With some landscaping and improvements, this outdoor area could become an inviting extension of the home.<br><br> The locality boasts excellent conveniences such as shops, supermarkets, and recreational options nearby. Families will appreciate the proximity to reputable schools while commuters benefit from accessible transport links connecting to Nottingham and Derby via major roadways including the A610 and M1. Additionally, nearby parks offer ample opportunities for outdoor activities.<br><br> This property is not only well-structured but also has significant scope for enhancements that can increase both comfort and value across various buyer demographics—from first-time buyers to seasoned investors.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£159/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£230,586
10% above area average per sq ft
Potential ROI
+28.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (DE7)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +3.3%
5 year growth: +23.4%
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

Wilmot Street, Ilkeston, 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
£523
Based on a loan of £108,750 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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