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Godfrey Street, Heanor, Derbyshire, DE75 - Image 1
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Godfrey Street, Heanor, Derbyshire, DE75 - Image 5
Godfrey Street, Heanor, Derbyshire, DE75 - Image 6

Godfrey Street, Heanor, Derbyshire, DE75

East Midlands

£400,000

Listed on 29/06/2026

Property details

Bedrooms
N/A
Type
Shop

Description

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.

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Investment analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
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

Godfrey Street, Heanor, Derbyshire, DE75
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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
£1,511
Based on a loan of £300,000 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

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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