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Margaret Avenue, Ilkeston

East Midlands

£190,000
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow

Description

This classic three-bedroom semi-detached home presents a promising opportunity for those looking to invest in a renovation project. While it is situated in a well-connected residential area close to essential local amenities, some modernization is necessary to unlock its full potential. The property is available with no onward chain, making it a timely opportunity for buyers looking to make their mark. Upon entering, you are greeted by a hallway that leads to various rooms, including a welcoming lounge featuring a traditional stone fireplace and a double-glazed bay window that provides ample natural light. The adjacent dining room retains original coving and offers additional space for family gatherings. The kitchen, while functional, could benefit from an upgrade and reconfiguration to better suit modern living needs; it includes wall and base units with laminate worktops, as well as space for essential appliances. Upstairs you'll find three bedrooms, each with their own character and fitted wardrobes, providing good storage options. The bathroom also presents an opportunity for improvement with its existing walk-in bath setup. Externally, the property boasts both front and rear gardens along with off-street parking through a block-paved driveway. Overall, this home is ripe for refurbishment and presents an ideal canvas for creative renovations that could substantially enhance value in this desirable area.

Investment Analysis

(DE7 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Margaret Avenue, Ilkeston
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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
£685
Based on a loan of £142,500 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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