1 & 3 Gladstone Street, Heanor, Derbyshire, DE75 7PW
East Midlands
£75,000Guide Price
Listed on 17/10/2026
Listed on 17/10/2026
The listing
Property details
Bedrooms
4Type
Semi DetachedDescription
Offered at public auction, this freehold corner-plot opportunity comprises two semi-detached houses, each described as having two bedrooms. The properties are vacant and require full refurbishment. The listing identifies options to renovate and retain, let or sell the houses individually, or to consider redevelopment, subject to planning permission and all necessary consents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
41out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial project: the listing describes two separate two-bedroom houses on a corner plot, and the photos show severe neglect, debris, damaged finishes and a collapsed ceiling area with exposed joists and insulation. The £90,000–£180,000 renovation range gives a sense of the scale of work, while the two-house setup offers scope to refurbish and retain, let or sell the homes individually. The listing also mentions possible demolition and replacement housing subject to planning, but that route is unverified.
At £75,000+, the guide price is £/sq ft unassessable because floor area is missing, so value versus local £/sq ft cannot be judged yet. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap. The 41/100, grade E reflects a weak overall opportunity despite the plot and two-house potential; the location is reasonably placed for Heanor town centre, shops, schools and the railway station.
Key opportunities
- Two separate two-bedroom houses create scope to refurbish and retain, let or sell the properties individually.
- The corner plot and visible brick elevations provide a basis for assessing a joined-up improvement plan, subject to professional checks.
- The listing raises possible demolition and replacement housing subject to planning, offering a separate route to investigate rather than an assumed development outcome.
Key risks
- The collapsed ceiling area, exposed joists and insulation, debris, boarded openings and worn roof on the rear low structure call for careful professional assessment.
- Two severely neglected houses and a £90,000–£180,000 works range make this a major, potentially lengthy programme rather than a cosmetic refresh.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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£283
Based on a loan of £56,250 over 30 years at 4.45% interest
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