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Purchase Avenue, Loscoe, Heanor

East Midlands

£175,000

Listed on 19/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
699 sqft

Description

This two-bedroom bungalow is set at the highest elevation in Loscoe, providing stunning panoramic views and a sense of tranquility. The property features spacious living areas and well-sized bedrooms, making it a solid foundation for those looking to invest in a renovation project. With ample opportunities to modernize and personalize the space, buyers can easily tailor the home to fit their unique style. The expansive private rear garden offers significant potential for landscaping or outdoor entertaining, while the garage and driveway can accommodate up to three vehicles, enhancing convenience. This property represents a rare chance to acquire a home in an enviable location with considerable development potential.

Investment Analysis

(DE75 area)

Above Market Value

This property is priced +12.0% above area average per sq ft

+12.0%
This Property
£250/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£171,849
10% above area average per sq ft
Potential ROI
-20.1%
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

Purchase Avenue, Loscoe, 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
£624
Based on a loan of £131,250 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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