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Johnson Drive, Heanor

East Midlands

£190,000

Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
764 sqft

Description

This three-bedroom detached house offers a promising opportunity for investors and homeowners alike, situated in a desirable residential neighbourhood. The property is presented with no upward chain, making it an appealing choice for those looking to move quickly. Inside, the layout includes a storm porch leading to an entrance hall, providing access to a spacious lounge and kitchen. The conservatory enhances the living space, while three bedrooms and a bathroom complete the first floor. Although the home requires modernisation, it boasts essential features such as a recently replaced roof and an enclosed garden with both paved and gravelled areas. The driveway and garage add to the functionality of this property, providing ample off-street parking and storage potential.

Investment Analysis

(DE75 area)

Above Market Value

This property is priced +11.7% above area average per sq ft

+11.7%
This Property
£249/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£187,073
10% above area average per sq ft
Potential ROI
-13.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -7.8% over the last 12 months
3 year growth: +3.8%
5 year growth: +21.1%
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

Johnson Drive, Heanor
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 over 30 years at 4.45% 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

Price History

-13.6% since listed
£190,000£10,000(-5.0%)
16/05/2026
Current price
£200,000£20,000(-9.1%)
30/04/2026
£220,000Initial listing
16/04/2026

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