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King Street, Ilkeston, Derbyshire

East Midlands

£130,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
1173 sqft

Description

This three-bedroom end-terrace property located in the sought-after town of Ilkeston presents an excellent opportunity for cash buyers seeking a renovation project. The home requires comprehensive refurbishment, making it an ideal canvas for investors and developers looking to design a bespoke living space or capitalize on the property’s investment potential. GROUND FLOOR The ground floor features two spacious reception rooms that can adapt to various living arrangements, along with a kitchen positioned at the rear. FIRST FLOOR The first floor consists of two spacious double bedrooms, a smaller single bedroom, and a family bathroom. OUTSIDE The exterior comprises an enclosed rear garden that offers notable potential for enhancements and landscaping. LOCATION Strategically positioned close to local shops, schools, transport facilities, and essential amenities, this property is well-suited for those who appreciate convenience. Given the requirement for modernisation, this property holds strong potential for capital appreciation post-renovation. Prospective buyers are encouraged to view early to fully grasp the possibilities available.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -52.8% below area average per sq ft

-52.8%
Potential saving
This Property
£111/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £45,000
Target Value
£302,704
10% above area average per sq ft
Potential ROI
+73.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

King Street, 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
£464
Based on a loan of £97,500 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.

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