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Ray Street, Heanor

East Midlands

£70,000

Listed on 25/06/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace home on Ray Street presents an attractive opportunity for renovation enthusiasts and investors alike. Located within a convenient distance to Heanor town centre, the property boasts spacious living areas, including a sizable reception room and a kitchen that can be reconfigured to suit modern living trends. The upper floor features two well-proportioned bedrooms along with a family bathroom, both of which are primed for updates. Outdoors, the private rear garden offers additional potential for landscaping or creating an appealing outdoor retreat. While the property requires a degree of refurbishment, it holds great promise for those looking to enhance its value through thoughtful improvement. This home’s solid foundation and desirable location are ideal for buyers aiming to put their personal touch on a property.

Investment Analysis

(DE75 area)
Area Average
£223/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.6%

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
18
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -7.8% over the last 12 months
3 year growth: +3.8%
5 year growth: +21.1%
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

Ray Street, Heanor
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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
£264
Based on a loan of £52,500 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

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