Summary - 7, MUNDY STREET DE75 7EB
1 bed 1 bath Semi-Detached
Income-producing property with clear conversion potential close to town amenities.
Approx. 2,131 ft² — large internal footprint
A substantial Edwardian semi-detached building on Mundy Street, offered freehold with immediate income and clear redevelopment potential. The ground floor is being sold vacant while the upper accommodation is producing rental income, making this a practical short-term investment while you pursue planning. The property's generous footprint (approx. 2,131 ft²), high ceilings and period detail create scope for a large family home, a five-bedroom HMO or D1/community use, subject to planning permission.
Practical positives include a large open garden, two on-site parking spaces plus plentiful on-street parking, excellent mobile and fast broadband, and close proximity to public transport and local amenities. The location sits near local schools and Heanor town centre, with strategic redevelopment planned nearby that may increase footfall and demand.
Key considerations: conversion to alternative residential or D1 use will require planning consent; the property is offered with single-phase electrics and services that have not been tested. Part of the building is currently occupied by a tenant on a rolling 12‑month contract paying £700pcm (upper floors), which secures income but limits immediate vacant possession for full redevelopment. The local recorded crime level is high for the area and should be factored into lettability and insurance assessments.
This is a pragmatic opportunity for an investor or developer who can manage planning risk and refurbishment. It suits buyers seeking steady income while exploring conversion options, or owner-occupiers willing to undertake works to create a spacious family residence.
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