Summary - 74 GODFREY DRIVE ILKESTON DE7 4HN
3 bed 1 bath Town House
Auction lot with tenant in situ and immediate rental income.
Freehold three-bedroom end-terrace, circa 613 sq ft
A three-bedroom mid-20th-century end-terrace offered for sale by online auction. The property is freehold, gas-heated with double glazing, and includes small front and rear gardens plus off-street parking. It is currently let, producing £9,300 per annum, making it immediately income-generating for an investor.
The house is compact (approximately 613 sq ft) and retains mid-century finishes. The accommodation comprises entrance porch, lounge, kitchen, utility/storage, three first-floor bedrooms and a bathroom. The rear garden is enclosed and leads to a parking area. The building dates from the 1950s–60s and will require modernisation to raise rental value or achieve owner-occupation standards.
Important sale terms and local factors: the lot is sold at auction with a starting bid of £135,000. Successful bidders must pay a non-refundable 5% deposit on exchange and a non-refundable reservation fee (up to 6% inc. VAT, minimum £6,000). The area shows higher-than-average crime, very high deprivation and a medium flood risk — all relevant for underwriting and insurance.
This property suits buyers prepared to refurbish or hold as a let. The current tenancy and modest income mean immediate returns are limited; but the rent and location near schools and transport could appeal to landlords targeting stable tenancies after investment works. Legal pack and viewing arrangements are available; purchasers should review all documentation and factor auction fees and refurbishment costs into their offers.
3 bedroom terraced house for sale in Godfrey Drive, Ilkeston, Derbyshire, DE7 4HN, DE7 — £145,000 • 3 bed • 1 bath • 613 ft²
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2 bedroom terraced house for sale in Albany Street, Ilkeston, Derbyshire, DE7 5AD, DE7 — £68,000 • 2 bed • 1 bath
2 bedroom semi-detached house for sale in Heanor Road, Ilkeston, DE7 — £140,000 • 2 bed • 1 bath • 774 ft²
