Summary - 81 ALBANY STREET ILKESTON DE7 5AD
2 bed 1 bath Terraced
Buy-to-let with immediate income; tenant in situ and sold via online auction..
Two-bedroom Victorian mid-terrace with small rear garden
A two-bedroom Victorian terraced house offered with a long-term tenant in situ, marketed to buy-to-let investors. The property is freehold, sold at auction with immediate exchange available via Secure Sale. It benefits from a combi boiler, double glazing (unknown install date) and a small rear garden; council tax band A keeps holding costs low.
The tenant has occupied the property for 10+ years and currently pays £590 pcm, providing immediate rental income for a purchaser comfortable buying with sitting tenancy. Transport links are good with a nearby bus route and local amenities within walking distance. Broadband and mobile signals are reported fast and excellent respectively.
Notable negatives: the area scores as very deprived with high crime levels and a challenged local demographic profile. The house is of solid-brick construction (circa 1900–1929) likely without cavity insulation and interiors are dated, so refurbishment or energy-efficiency improvements may be required. The sale is via online auction and carries buyer costs: a non-refundable 5% deposit on exchange plus a reservation fee (up to 6% inc. VAT, subject to minimums) — factor these into overall purchase costs.
This lot suits investors seeking an immediate let and low-entry purchase in Ilkeston who accept refurbishment and tenure transfer risks. Review the legal pack and tenancy details before bidding to understand obligations and potential improvement costs.
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
3 bedroom terraced house for sale in Godfrey Drive, Ilkeston, Derbyshire, DE7 4HN, DE7 — £140,000 • 3 bed • 1 bath • 613 ft²
2 bedroom terraced house for sale in Manchester Street, Derby, Derbyshire, DE22 — £120,000 • 2 bed • 1 bath • 786 ft²
2 bedroom terraced house for sale in Little Hallam Lane, Ilkeston, DE7 — £100,000 • 2 bed • 1 bath • 631 ft²
2 bedroom terraced house for sale in Manchester Street, Derby, Derbyshire, DE22 — £110,000 • 2 bed • 2 bath • 741 ft²
