Summary - 83 ALBANY STREET ILKESTON DE7 5AD
2 bed 1 bath Terraced
Two-bed project ideal for an investor seeking rental income and refurbishment potential.
Freehold two-bedroom Victorian terraced property with rear garden
Sold at online auction; 5% deposit and up to 6% reservation fee apply
Tenant in situ for 10+ years, current rent £590 pcm
Requires full modernisation; cosmetic and likely systems upgrading needed
Solid brick walls; no known cavity insulation (assumed)
High local crime and very deprived area—affects rental demand/prices
Near bus route and local amenities; excellent mobile and fast broadband
Council Tax Band A; small plot and modest room sizes
This two-bedroom Victorian terraced property in Ilkeston is presented as an investment/refurbishment opportunity. The house is freehold, currently let to the same tenant for 10+ years at £590 pcm, and is sold via an online auction process with immediate exchange options available.
The property requires modernisation throughout and will suit a buyer prepared to renovate or refurbish. The building is solid-brick (likely no cavity insulation), has older-style fittings, and visible wear and tear in living spaces and finishes. Double glazing is present but fitment dates are unknown.
Buyers should note this sale is by auction with specific purchase costs: a 5% non-refundable exchange deposit and a non-refundable reservation fee up to 6% inc VAT (minimum £6,000 inc VAT). The lot is sold with a tenant in situ, so any vacant possession would depend on tenancy terms and legal process.
Location factors: the house sits on a residential street near a bus route and local amenities, but the wider area records high crime and very high deprivation. Broadband and mobile signal are good; council tax is low (Band A). Consider local market and management costs when assessing rental or refurbishment potential.
2 bedroom terraced house for sale in Albany Street, Ilkeston, Derbyshire, DE7 5AD, DE7 — £68,000 • 2 bed • 1 bath
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2 bedroom terraced house for sale in Millfield Road, Ilkeston, Derbyshire, DE7 5DJ, DE7 — £100,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in Albany Street, Ilkeston, Derbyshire, DE7 — £68,000 • 2 bed • 1 bath • 700 ft²
3 bedroom terraced house for sale in 266 Nottingham Road, DE7 5BD, DE7 — £94,500 • 3 bed • 1 bath • 746 ft²
2 bedroom end of terrace house for sale in 22a Alvenor Street, Ilkeston, DE7 — £39,000 • 2 bed • 1 bath • 837 ft²
