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Hermitage Walk, Ilkeston, Derbyshire, DE7

East Midlands

£240,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
904 sqft

Description

This two-bedroom detached bungalow is situated in a desirable cul-de-sac in Ilkeston, providing an excellent opportunity for those looking to invest in a property with significant renovation potential. The layout features a spacious reception room and a large garden, perfect for outdoor activities or future landscaping projects. Additionally, the property includes a garage and car port, adding to its practicality. Its location ensures easy access to local amenities and transport links connecting you to Nottingham and Derby, making it suitable for buyers looking to modernize and enhance their living space while benefiting from community conveniences.

Investment Analysis

(DE7 area)

Above Market Value

This property is priced +13.5% above area average per sq ft

+13.5%
This Property
£265/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£232,540
10% above area average per sq ft
Potential ROI
-16.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE7)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +3.4%
5 year growth: +18.3%
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

Hermitage Walk, Ilkeston, Derbyshire, DE7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% 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

Price History

+29.7% since listed
£240,000+£55,000(+29.7%)
07/06/2026
Current price
£185,000Initial listing
03/06/2026

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