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12 Northgate Street, Ilkeston DE7 8FR

East Midlands

£49,500
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This mid-terraced property offers significant potential for investors or first-time buyers looking to create a modern living space. Spread over two floors, the layout includes an entrance hall leading to a front living room and an open-plan dining kitchen, which could benefit from updates to enhance its functionality. On the first floor, three bedrooms provide ample sleeping quarters, with one bedroom featuring a walk-in wardrobe that holds promise for conversion into an en-suite bathroom. The existing L-shaped family bathroom could also be reconfigured to meet contemporary standards. Although the property is in need of general renovation and is sold as seen, it has previously been used as a rental and should have relevant safety certificates in place. Gas central heating from a combination boiler is present, but verification of the boiler and electrical systems is recommended prior to purchase. The enclosed rear garden offers low maintenance with paving and includes a brick outbuilding for storage or potential transformation into additional living space. This property is conveniently located on a one-way street in Ilkeston, providing easy access to local amenities and shops. A viewing is highly advised to appreciate the investment opportunities available.

Investment Analysis

(DE7 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

12 Northgate Street, Ilkeston DE7 8FR
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£177
Based on a loan of £37,125 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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