Summary -
12 JOHN STREET,ILKESTON,DE7 8GL
DE7 8GL
3 bed 1 bath Terraced
Low-entry-price rental with steady income and clear refurbishment potential.
Freehold three-bedroom mid-terrace producing £9,540 pa gross rental income
Long-term tenant in situ — limited chance of vacant possession
Small overall size: c.754 sq ft, modest rooms and footprint
Private rear garden only; no front garden, on-street parking
Area: very deprived with very high local crime — affects risk/profile
Property needs modernization and decluttering to lift rental value
Fast broadband and excellent mobile signal — practical for tenants
Buyers premium applies; include in acquisition costings
This small mid-terrace Victorian property in Ilkeston is presented as a buy-to-let with a long-term tenant in situ producing an annual gross income of £9,540. The house is freehold, about 754 sq ft, and offers three bedrooms, a single bathroom, a rear private garden and on-street parking. Broadband speeds are fast and mobile signal is excellent — practical for rental demand.
The property sits in a very deprived area with very high local crime rates and a wider classification of challenged transitionaries. These local factors affect tenant profiles and resale comparables; purchaser underwriting should reflect area risk. Internally the accommodation is compact and shows signs it will need modernization and decluttering to achieve higher rents or an exit sale premium.
For an investor this is a low-entry purchase with immediate income and scope for value-add through refurbishment or minor reconfiguration. The long-term tenant currently wishes to remain, so expect limited vacant possession options and check tenancy terms. A buyers premium applies to secure the sale; factor this into acquisition costs.
This opportunity suits a hands-on buy-to-let investor or developer able to work within a higher-risk urban market. Survey and full Let Property Pack review are recommended before offer to confirm tenancy details, earning continuity and any required works.
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