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King Street, Ilkeston DE7

East Midlands

£130,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1173 sqft

Description

This three-bedroom end-terrace property in Ilkeston presents an appealing opportunity for cash buyers, particularly for those with a vision for renovation. It holds significant investment potential, as it requires a comprehensive refurbishment throughout, making it an ideal prospect for developers or homebuyers eager to customize their living space. On the ground floor, you'll find two spacious reception rooms that offer versatile living options, complemented by a kitchen positioned at the rear. The first floor accommodates two generous double bedrooms and a single bedroom, alongside a family bathroom. Outside, the property boasts an enclosed rear garden that has ample potential for improvement and landscaping. Nestled conveniently close to local amenities, schools, and transport links, this property promises strong capital growth prospects once modernized. Viewing is strongly advised to truly appreciate the possibilities it offers.

Investment Analysis

(DE7 area)

Below Market Value

This property is priced -52.8% below area average per sq ft

-52.8%
Potential saving
This Property
£111/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£302,704
10% above area average per sq ft
Potential ROI
+59.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE7)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +2.4%
5 year growth: +18.7%
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

King Street, Ilkeston DE7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£464
Based on a loan of £97,500 over 30 years at 3.97% 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

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