93 Chapel Street, Ilkeston, Derbyshire, DE7 5JR
East Midlands
£60,000Guide Price
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceArea
732 sqftFeatures
- Garden
Description
Offered at auction on 17 November 2026, this freehold two-bedroom house has two reception rooms, a kitchen and a bathroom arranged over two floors. The property has gas central heating, double glazing and a rear garden, and is described as requiring modernisation and repair. The seller reports evidence of structural movement. No offers will be considered before the auction, and the sale is subject to the buyer paying the seller's legal and auctioneer's fees. The EPC rating is D, with a score of 62. The property is close to Gordon Street Playing Fields and the junction of Lower Chapel Street, King Street and Cranmer Street. Buyers should review the legal documents and investigate the reported movement and required works before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
70out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £60,000, this is a notably low-cost entry point: the asking price is £82 per sq ft, well below the local average of £232. The two reception rooms, two bedrooms and rear garden give the project a useful base to reshape and improve, while the worn interiors, dated kitchen and bathroom, and overgrown garden offer clear scope to add value. The existing renovation range is £42,000–£76,000, so this is a substantial project rather than a cosmetic refresh. The listing also reports evidence of structural movement, which needs specialist investigation before the repair scope is clear.
The overall score is 70/100, a Good Opportunity, supported by the low asking price and strong headline economics, with the scale of the works and structural uncertainty tempering the result. It is being sold by auction; bidding can take the hammer above the guide price, so the eventual price may not stay this cheap.
Key opportunities
- Two reception rooms and two bedrooms provide a flexible layout to update and make your own.
- The worn kitchen and bathroom create scope for a coordinated modernisation.
- An overgrown rear garden offers room to clear, replant and improve the outdoor space.
Key risks
- Widespread wear and damaged finishes, plus a £42,000–£76,000 works range, make this a substantial renovation programme rather than a cosmetic refresh.
- The listing reports evidence of structural movement; specialist inspection is needed to establish its cause and remedial scope.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£227
Based on a loan of £45,000 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.
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