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Kingsway, Ilkeston, Derbyshire

East Midlands

£295,000
Listed on 30/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1471 sqft

Description

This four-bedroom family house is situated in a well-established area of Derbyshire, presenting an ideal opportunity for families or investors looking to create their perfect home through renovation. The property's layout features spacious living areas, including a large reception room that flows into an additional lounge, making it suitable for both entertaining and everyday family life. The kitchen, while functional, could benefit from modern updates and connects to a bright conservatory that enhances the overall living space. Upstairs, the four bedrooms are generously sized yet may require some aesthetic enhancements to suit contemporary tastes. The family bathroom is fitted with updated fixtures but could potentially be redesigned to meet personal standards. External features include a substantial rear garden with potential for landscaping or even development opportunities, alongside a well-kept front garden and off-road parking for added convenience. In terms of location, this property is well-connected to local educational institutions and has strong transport links to nearby cities like Derby and Nottingham, making it attractive for families prioritizing accessibility. Additionally, the surrounding area offers various leisure activities and amenities that contribute to a welcoming community atmosphere. With its blend of charm and practicality, this property not only serves as a comfortable residence but also presents significant investment potential through thoughtful renovations.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£201/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£379,606
10% above area average per sq ft
Potential ROI
+11.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE7)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +2.4%
5 year growth: +18.7%
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

Kingsway, Ilkeston, Derbyshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,052
Based on a loan of £221,250 over 30 years at 3.97% 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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