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Ray Street, Heanor

East Midlands

£100,000
Listed on 14/04/2026

Property Details

Bedrooms
1
Type
Terraced

Description

Located in Heanor, this one-bedroom terraced house offers a solid foundation for renovation enthusiasts and investors alike. The property features a generous reception room and a cozy bedroom, making it an ideal blank canvas for those looking to infuse their personal style and design preferences. The enclosed back garden includes a brick-built storage area, providing potential for outdoor use or further enhancement. With local amenities just a short distance away, you can enjoy the convenience of nearby shops and cafes enhancing your day-to-day living experience. An added benefit is the absence of an onward chain, which streamlines the buying process. This property presents an excellent opportunity for first-time buyers or seasoned investors interested in transforming an unpolished gem into a stylish home that meets modern standards while reflecting individual character.

Investment Analysis

(DE75 area)
Area Average
£226/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +8.1%
5 year growth: +31.6%
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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£354
Based on a loan of £75,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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