Godfrey Street, Heanor, Derbyshire, DE75
East Midlands
£225,000
Listed on 30/06/2026
Listed on 30/06/2026
The listing
Property details
Bedrooms
N/AType
ShopArea
2861 sqftDescription
This property represents a significant investment opportunity, boasting a generous footprint of approximately 2861 sq ft spread over two levels. Located in the heart of Heanor town, it offers the chance for creative redevelopment and refurbishment to maximize its earning potential. Currently, only the ground floor is occupied, but the building's layout and multiple access points suggest that it could be transformed into a multi-use space with various rental possibilities, subject to obtaining the necessary planning permissions. With its strategic positioning and size, this site is ripe for innovation and reinvention.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
57out of 100
Grade DWeak opportunity
Confidence: LOW
At £225,000, this is a strikingly low asking price against the local average: £79 per sq ft versus £231. That gives buyers an unusually low entry point for a substantial two-level building of around 2,861 sq ft, with multiple access points and scope to explore reconfiguration for different uses, subject to planning. The dated exterior and shopfronts offer a clear starting point for improving its presentation.
Key opportunities
- Acquire a large two-level property at £79 per sq ft, well below the local average.
- Explore reconfiguring the substantial floor area into separate sections or multiple income avenues, subject to planning and feasibility.
- Refresh the dated brick exterior and shopfronts to improve the building’s presentation.
Key risks
- No interior photographs are available, so the internal condition and layout remain difficult to assess.
- The proposed reconfiguration and multiple-use potential are subject to planning, and feasibility is not established by the available information.
- Renovation economics are difficult to assess from the available information.
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Transport
Nearest stations
Langley Mill Rail Station
1.1 miles
Train · Langley Mill
Ilkeston Rail Station
3.4 miles
Train · Ilkeston
Belper Rail Station
5.4 miles
Train · Belper
Duffield Rail Station
5.7 miles
Train · Duffield
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£919
Based on a loan of £168,750 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
Pricing
Price history
-43.8% since listed
£225,000£50,000(-18.2%)
29/10/2026£275,000£125,000(-31.3%)
20/08/2026£400,000Initial listing
29/06/2026Services
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