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Milton Road, Ilkeston, Derbyshire, DE7

East Midlands

£70,000Guide Price

Listed on 14/07/2026

Property details

Bedrooms
2
Type
Semi Detached
Area
651 sqft

Description

This two-bedroom terraced house in Ilkeston presents a noteworthy opportunity for those interested in property investment. The residence requires comprehensive renovation, allowing new owners to reimagine the space according to modern standards and personal preferences. The ground floor features a reception room with a fireplace, which could serve as an attractive focal point in an updated living area. Adjacent is a separate kitchen with dining space, ripe for reconfiguration to enhance functionality. Additionally, a ground floor bathroom is present, while the upper level accommodates two spacious double bedrooms suitable for comfortable sleeping arrangements. Situated within Council Tax Band A, this property is conveniently located near Ilkeston's local amenities including shops, supermarkets, and educational institutions, complemented by nearby parks for outdoor activities. Transport connections are favorable as well; Ilkeston railway station is accessible within a short drive or bus journey, providing services towards Nottingham and Sheffield. For commuters seeking easy access to the wider East Midlands area via roadways towards Derby and Nottingham, this location offers practicality. Overall, this property stands as an appealing project for investors looking to enhance its value in a strategically positioned area of Ilkeston.

Investment analysis

(DE7 area)

Below Market Value

This property is priced -53.7% below area average per sq ft

-53.7%
Potential saving
This Property
£108/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£166,457
10% above area average per sq ft
Potential ROI
+51.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
10%
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: +16.8%
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

Milton Road, 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
£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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