Summary - 81 ALBANY STREET ILKESTON DE7 5AD
2 bed 1 bath Terraced
Ready-made rental with immediate exchange option and online auction sale.
Long-term tenant in situ (10+ years) generating £590 pcm rental income
A straightforward buy-to-let opportunity in Ilkeston, offered with a long-term tenant in situ delivering £590 pcm. The property is a two-bedroom Victorian terraced house on a small plot, with a rear garden and mains gas combi boiler. Broadband and mobile signal are strong locally, and the property is freehold with Council Tax band A.
The house is sold at auction via a Secure Sale platform and can be purchased with immediate exchange available. Bidders should note standard auction conditions: a non-refundable 5% deposit on exchange plus a non-refundable reservation fee (up to 6% inc VAT, minimum £6,000 inc VAT). A legal pack is available and buyers are recommended to obtain solicitor advice before bidding.
The building is traditional solid-brick construction (likely no wall insulation) with double glazing of unknown age and dated interiors that will benefit from refurbishment. The area is described as very deprived with high local crime levels; these local-market characteristics affect yields, resale prospects and management considerations. Viewings are strictly by appointment and the sale proceeds under auction terms with tenant in situ, making this most suitable for hands-off investors or those prepared to manage an occupied tenancy.
Practical positives include a long-standing tenant (10+ years), immediate rental income and low council tax. Material drawbacks: property sold occupied, auction fees and non-refundable costs, local deprivation/crime, small plot and likely retrofit work required to improve thermal performance and interior condition.
2 bedroom terraced house for sale in Albany Street, Ilkeston, Derbyshire, DE7 5AD, DE7 — £85,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in Albany Street, Ilkeston, Derbyshire, DE7 — £85,000 • 2 bed • 1 bath • 700 ft²
2 bedroom terraced house for sale in Albany Street, Ilkeston, Derbyshire, DE7 — £85,000 • 2 bed • 1 bath • 700 ft²
2 bedroom terraced house for sale in Millfield Road, Ilkeston, Derbyshire, DE7 5DJ, DE7 — £100,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in Manchester Street, Derby, Derbyshire, DE22 — £120,000 • 2 bed • 1 bath • 786 ft²
3 bedroom terraced house for sale in 266 Nottingham Road, DE7 5BD, DE7 — £94,500 • 3 bed • 1 bath • 746 ft²
