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Howitt Street, Heanor

East Midlands

£130,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1061 sqft

Description

This three-bedroom semi-detached house on Howitt Street represents a significant opportunity for those looking to invest in a home with renovation potential. The property features two spacious reception rooms, which offer versatile living and dining areas, and a decent-sized kitchen that awaits modernisation. Upstairs, you'll find three well-proportioned bedrooms alongside a family bathroom. The updated boiler adds value while providing reassurance regarding heating. A standout aspect of this property is the large loft space, which could be converted into an additional room, subject to obtaining the relevant planning permissions. Outside, there is a generous rear garden perfect for family use or outdoor enhancements, complemented by a driveway and garage for off-road parking. This property requires refurbishment throughout, making it an excellent blank canvas for those eager to add their personal touch and increase its value.

Investment Analysis

(DE75 area)

Below Market Value

This property is priced -45.2% below area average per sq ft

-45.2%
Potential saving
This Property
£123/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£260,847
10% above area average per sq ft
Potential ROI
+63.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -5.4% over the last 12 months
3 year growth: +5.0%
5 year growth: +26.1%
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

Howitt Street, Heanor
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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.

Stamp Duty Calculator

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