Summary - 46 RAY STREET HEANOR DE75 7GE
2 bed 1 bath Terraced
Turnkey rental with immediate yield and refurbishment upside for investors.
Tenant in place producing £7,020 pa (income from day one)
About 850 sq ft; two bedrooms, one bathroom, small rear yard
Current yield approx 6.5% at asking price of £95,000
EPC rating D; solid brick walls likely lack cavity insulation
Double glazing installed pre-2002; mains gas boiler heating
High local crime rate noted; consider security measures
Small plot and no off-street parking; limited outside space
Scope to increase rent with minor refurbishment and energy works
This two-bedroom mid-terrace in Heanor is offered with a long-standing tenant in place, producing £7,020 pa from day one. The property totals about 850 sq ft across two floors and delivers a current yield around 6.5% at the asking price, with potential to increase rent in a high-demand local rental market.
Built between 1900–1929, the house retains period character in a compact footprint: lounge, small traditional kitchen with storage under the stairs, double main bedroom, single second bedroom, and a white-suite bathroom. There is a rear yard and double glazing installed before 2002; heating is by mains-gas boiler and radiators.
Material facts for investors: EPC rating D and walls assumed to be solid brick with no cavity insulation (possible energy-improvement costs). The area records higher-than-average crime; the plot is small and parking is not provided. Council tax is very low, broadband and mobile signal are good, and local schools and amenities support tenant demand.
This is a straightforward let-ready purchase with modest refurbishment upside—insulation and energy upgrades could improve EPC and long-term running costs. Suitable for buy-to-let investors seeking immediate income and rental growth potential in a comfortable, well-served neighbourhood.
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