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Kenilworth Drive, Kirk Hallam DE7 - Image 1
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Kenilworth Drive, Kirk Hallam DE7

East Midlands

£125,000
Listed on 24/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This is an enticing opportunity to develop a site for two semi-detached homes, each featuring three spacious double bedrooms. Located on an elevated plot in Kirk Hallam, near Ilkeston, Derby, this property comes with granted planning permission (Ref ere/0322/0039) since May 2022, facilitating a straightforward build process. The design includes a welcoming reception hall that leads to a light-filled lounge and a dining kitchen on the ground floor, with two bedrooms on the first floor and an additional en-suite bedroom located on the second floor. Each home will also benefit from designated off-road parking for two vehicles and private gardens at the front and rear. The surrounding area offers access to various local amenities and is conveniently located just miles from both Nottingham and Derby, making it an appealing prospect for investment in this established residential neighborhood.

Investment Analysis

(DE7 area)
Area Average
£233/sq ft
Avg Rent (weekly)
£191
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE7)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +2.4%
5 year growth: +20.6%
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

Kenilworth Drive, Kirk Hallam DE7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£443
Based on a loan of £93,750 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

-13.8% since listed
£125,000£20,000(-13.8%)
23/03/2026
Current price
£145,000Initial listing
01/06/2024

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