Summary - 74 GODFREY DRIVE ILKESTON DE7 4HN
3 bed 1 bath Town House
Auction sale—investment opportunity with tenant income; refurbishment required..
Three bedrooms with accommodation over two storeys, small gardens front and rear
Sold with sitting tenant generating £9,300 pa — immediate rental income
Freehold end-terrace with off-street rear parking
Double glazing and mains gas central heating present
Requires modernisation and updating throughout
Auction sale: starting bid £140,000; 5% non-refundable deposit applies
Additional reservation fee up to 6% inc VAT (min £6,000) payable on sale
Area has above-average crime, high deprivation and medium flood risk
Offered for sale by online auction, this three-bedroom mid-20th century end-terrace on Godfrey Drive is a straightforward investment or starter-home project. The property is freehold, has gas central heating, double glazing and private off-street parking accessed from the rear. It currently produces a tenant income of £9,300 per year, presenting immediate rental yield potential for a buyer comfortable with auction purchase terms.
Internally the layout includes an entrance porch and hall, a generous living room, kitchen with adjoining utility/storage and three first-floor bedrooms plus bathroom. The house sits on a small plot with lawned front and rear gardens and a paved route to rear parking. Broadband speeds are reported as fast and mobile signal excellent, supporting lettability or modern living upgrades.
Important practical points: the home requires modernisation — cosmetic and likely some updating to meet current market expectations — and will be sold with a sitting tenant. The lot is sold at auction with a starting bid of £140,000; buyers should note the non-refundable 5% deposit on exchange and a reservation fee (up to 6% inc VAT, minimum £6,000) payable on agreement. The area has above-average crime, very high deprivation and a medium flood risk, factors that can affect long-term demand and valuation.
This property suits an investor or hands-on buyer seeking an affordable entry into the Ilkeston market who understands auction purchasing obligations and refurbishment scope. Study the legal pack, factor in fees and remediation, and budget for repairs and improvements before bidding.
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