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Furnace Road, Ilkeston, Derbyshire, DE7 5EP - Image 1
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Furnace Road, Ilkeston, Derbyshire, DE7 5EP

East Midlands

£1,600,000
Listed on 26/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property features three main buildings arranged in an efficient horseshoe layout, positioned within a secure site primarily covered by concrete hardstanding. The front structure serves as a two-storey office space, providing ample room for administrative functions and potential conversion to accommodate modern office needs. At the rear, a central workshop connects to the main office through a covered loading canopy and consists of several interconnected warehouse and workshop units. This design creates opportunities for flexible use, whether for manufacturing or storage applications. Additionally, the third unit is strategically located at the northern edge of the property and consists of a detached industrial space. This unit boasts metal profile clad elevations and an eaves height of approximately 6 meters, complemented by a functional mezzanine area suitable for extra storage or operational needs. The entire site is secured with fencing and gated access, ensuring safety while offering convenient loading capabilities and surface storage centrally located within the premises. Parking is available directly outside the office building, with additional parking options across Furnace Road. Given its layout and facilities, this property presents significant renovation potential. Investors can explore various adaptive reuse possibilities or enhancements to meet contemporary business demands, tapping into the growing local market. The combination of office space, workshops, and industrial units positions it as an appealing investment opportunity in a well-connected area.

Investment Analysis

(DE7 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£160,000 - £400,000
10-25% of property value
Monthly Sales
40
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (DE7)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 1.4%
5 year growth: 25.2%
Investment Disclaimer: Analysis based on DE7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Furnace Road, Ilkeston, Derbyshire, DE7 5EP
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