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Derby Road, Heanor, DE75

East Midlands

£240,000

Listed on 13/07/2026

Property details

Bedrooms
7
Type
Detached

Description

This expansive property presents a unique opportunity for those looking to invest or renovate. Spanning four levels, it offers considerable space that can be tailored to suit diverse family needs, multi-generational living arrangements, or rental potential. With a large integral garage and a versatile basement accessed separately, the layout allows for significant adaptation and reconfiguration. Upon entering, you are greeted by an inviting entrance hall that leads to a practical downstairs cloakroom, a spacious lounge, and a well-equipped kitchen with ample storage and dining space—ideal for family gatherings. The two-storey hallway at the rear grants access to the enclosed garden as well as the garage and a dedicated home office area, perfect for remote work. The basement level holds exceptional potential; its generous utility area pairs with an entertaining room featuring charming exposed brickwork—a canvas ready for conversion into a self-contained annexe (subject to consents). This flexibility not only caters to extended family living but also presents opportunities for generating rental income. On the first floor, four sizeable bedrooms include a principal suite with an en suite shower room, complemented by a family bathroom. The second floor boasts three additional bedrooms, enhancing options for guests or hobbies. Externally, this property benefits from a walled and gated forecourt that offers privacy while the larger-than-average garage provides secure parking or storage solutions. The low-maintenance rear garden features a patio area and artificial lawn amidst mature landscaping—creating an appealing space for outdoor enjoyment. Located conveniently near Heanor town centre, residents will enjoy proximity to various shops, schools, and excellent transport links towards Derby. For nature enthusiasts, Shipley Country Park is just minutes away, offering scenic trails and recreational spaces. With its generous layout and vast renovation possibilities, this property is primed for those looking to create their ideal living environment.

Investment analysis

(DE75 area)
Area Average
£224/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DE75)

Area prices are falling by -8.5% over the last 12 months
3 year growth: +2.4%
5 year growth: +15.5%
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

Derby Road, Heanor, 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
£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

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