Nottingham Road, Ilkeston
East Midlands
£135,000Guide Price
Listed on 19/10/2026
Listed on 19/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
1222 sqftDescription
Offered at auction, this semi-commercial property combines a ground-floor business space with a self-contained flat arranged over the upper floors. The listing describes refurbishment works as already started and requiring completion. The ground floor includes a shopfront, a spacious retail area, a rear entrance hall and a guest cloakroom. The upper accommodation is described as having three bedrooms, a bathroom and an open-plan kitchen, dining and living room. The kitchen has a range of wall and base units, a sink, an integrated oven and hob, and an extractor. The property also has a rear yard, an outbuilding and a shed, with an external staircase serving the flat. The listing notes that any business use is subject to necessary consents. Buyers should review the auction information pack and reservation terms, and make their own checks on the works, services and permitted uses.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
69out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £135,000, this is a notably low-cost entry point against the local £/sqf average, with the numbers giving a C-grade potential opportunity. The attraction is the combination of ground-floor commercial space and residential accommodation above: a buyer could shape it into a live-work property or complete the separate-use layout, subject to any required consents.
This is a substantial completion project rather than a cosmetic refresh. The commercial area and upper rooms are stripped or unfinished, with debris, damaged surfaces and water staining in places; the source and extent of the staining need investigation. The rear yard and covered passage also need attention. The £45,000–£85,000 renovation range indicates the scale of work, while the low purchase price is the clear value strength.
Key opportunities
- Complete the ground-floor commercial space and upper accommodation to create a flexible live-work property or separate-use arrangement, subject to any necessary consents.
- The £135,000 asking price is substantially below the local £/sqf average, offering an unusually low-cost acquisition for this mixed-use project.
- Rework the neglected rear yard and covered passage, and make use of the described rear access, outbuilding and shed.
Key risks
- The stripped, debris-strewn interiors and £45,000–£85,000 works range make this a full completion programme, with more budget and time exposure than a cosmetic refresh.
- Water staining and damaged ceiling material in upper rooms need investigation to establish the source and extent before repairs are planned.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£510
Based on a loan of £101,250 over 30 years at 4.45% interest
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