Howitt Street, Heanor
East Midlands
£225,000
Listed on 17/10/2026
Listed on 17/10/2026
The listing
Property details
Bedrooms
3Type
DetachedArea
929 sqftFeatures
- Garage
- Garden
- Parking
Description
Offered with no upward chain, this three-bedroom detached house in Heanor is described as requiring updating. The ground floor comprises a porch, entrance hall with under-stairs storage, and an open-plan lounge and dining area with a front bay window, rear French doors and a gas feature fireplace. The fitted kitchen has a gas hob, electric oven and space for appliances.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
46out of 100
Grade ELow opportunity
Confidence: MEDIUM
This detached three-bedroom house offers a usable starting point, with a spacious lounge/diner, a generous garden and double-driveway parking. The interiors are dated, so there is scope to refresh the décor and flooring and update the kitchen and four-piece bathroom; the weathered rear workshop is also worth inspecting to establish what work it needs. The indicated renovation range is £6,000–£14,000.
At £225,000, the asking price is above the local average on a square-foot basis, and the purchase price plus the refurbishment midpoint looks tight against local benchmarks. The plot, parking and existing layout give the project appeal, but the numbers make this a selective opportunity rather than a clear-value buy.
Key opportunities
- Refresh the dated décor and older flooring to give the usable interior a more current feel.
- Update the kitchen and four-piece bathroom as part of a light cosmetic improvement project.
- Make the most of the generous garden and multiple-vehicle parking; inspect the weathered rear workshop to assess its potential.
Key risks
- The rear workshop has visibly weathered panels and an uneven-looking roof covering, so its repair or replacement needs should be checked.
- Purchase plus refurbishment costs look tight against local benchmarks, limiting the apparent headroom for value creation.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£850
Based on a loan of £168,750 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.
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