Summary - 74 GODFREY DRIVE ILKESTON DE7 4HN
3 bed 1 bath Terraced
Income-producing three-bed requiring updating, ideal for investors seeking yield.
Three bedrooms with sitting tenant generating £9,300 pa (approx. 6.9% gross yield)
Off-street parking to rear and enclosed front/rear gardens
Double glazing and mains gas central heating in place
Compact footprint ~613 sq ft — small overall size
Dated mid-20th-century finishes; cosmetic updating likely needed
Area is very deprived with above-average crime statistics
Medium flood risk; buyers should obtain insurance quotes
Will be sold at auction via secure online bidding; terms apply
This three-bedroom mid-terrace on Godfrey Drive is offered with a sitting tenant and immediate rental income, making it a straightforward buy-to-let or refurbishment project. The property has double glazing, mains gas central heating and off-street parking accessed from the rear — practical basics that support tenancy and future lettings.
Internally the layout is conventional: entrance porch, lounge, kitchen with utility/storage, and three first-floor bedrooms plus a bathroom. The house is compact (approximately 613 sq ft) and shows dated mid-20th-century fittings and finishes, so there is clear scope to increase value through systematic updating and cosmetic refurbishment.
Important considerations: the home sits in a very deprived neighbourhood with above-average crime and a medium flood risk. It will be sold at auction via secure online bidding and is occupied by a tenant currently generating around £9,300 pa (approximately 6.9% gross yield at the current guide price). Buyers should factor in local market conditions, possible renovation costs, and tenancy transfer when assessing total returns.
For an investor this is a pragmatic opportunity to buy an income-producing, small terraced house with parking and outdoor space, where targeted improvements could enhance rental value and capital growth. For buyers seeking a low-maintenance, turn-key home it may require more work than expected given the dated interiors and local area context.
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