Summary - 74 GODFREY DRIVE ILKESTON DE7 4HN
3 bed 1 bath Terraced
Low-cost three-bed terrace with immediate rental income and refurbishment potential.
Freehold three-bedroom mid-terrace with front and rear gardens
A straightforward three-bedroom mid-terrace offered freehold and sold via Secure Sale online bidding. The house benefits from double glazing, mains gas central heating and off-street parking at the rear, making it suitable for a hands-off landlord or a buyer seeking a value refurbishment in a well-connected minor conurbation.
Currently let with a tenant producing £9,300 per annum, the property presents an immediate income stream. The small footprint (approximately 613 sq ft) and low council tax band A help keep running costs down. Gardens front and rear, plus a utility/storage room, add practical appeal for tenants or a small family.
There are clear improvement needs: dated interiors, textured ceilings, and assumed lack of cavity wall insulation. The surrounding area is classified as very deprived with above-average crime and a medium flood risk — factors that will affect resale value and tenant demand. Sold at auction with terms and conditions, this will suit buyers comfortable with online bidding and post-purchase refurbishment planning.
For investors, the current rent gives a straightforward gross yield and immediate cashflow; for owner-occupiers willing to upgrade, there’s scope to modernise layout and finishes. Buyers should factor likely renovation, energy-efficiency work, and local market challenges into their budgets.
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