Summary - 83 ALBANY STREET ILKESTON DE7 5AD
2 bed 1 bath Terraced
Auction purchase with tenant in place—low entry for hands-on investors.
- Two-bedroom Victorian mid-terrace, approx 700 sq ft
- Freehold tenure with small rear garden
- Tenant in situ; sale subject to auction T&Cs and buyer's fees
- Double glazed; mains gas boiler and radiators present
- Solid brick walls likely uninsulated; may need insulation work
- Area described as very deprived with high local crime
- Near bus route and local schools; excellent mobile and fast broadband
- Council tax noted as very cheap
This two-bedroom Victorian terrace on Albany Street offers straightforward rental investment potential in Ilkeston. The property is mid-terrace, approximately 700 sq ft, with double glazing and gas central heating — ready for continued letting to a sitting tenant or for refurbishment to improve rental value.
Sold at auction subject to a reserve and buyer’s fees, the sale proceeds via a modern method auction. The property is freehold and comes with a small rear garden. Viewing is advised where possible; the house is currently tenanted, so note ongoing occupancy and access limits.
The property’s strengths include period character, solid-brick construction, and good local transport links via a nearby bus route. Council tax is very low and broadband and mobile signals are strong. Key negatives for investors are the area’s high crime level and very deprived status, which may affect tenant mix and yields. The house likely requires some updating (internal photos show traditional finishes and small rooms) and the walls are assumed to be uninsulated.
This lot will suit a hands-on investor or developer wanting a low-entry auction purchase with scope to add value through targeted refurbishment and modernisation. Factor in auction terms, buyer fees, and potential remedial works when assessing total investment cost.
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