Summary - 48 RICHMOND AVENUE ILKESTON DE7 8QY
3 bed 1 bath Terraced
Freehold three-bed terrace with sitting tenant and immediate rental income.
Three bedrooms and one bathroom, approx. 1,044 sq ft
A three-bedroom mid-terrace in Ilkeston offered with a sitting tenant and immediate rental income. The property is freehold, traditional in layout and size (approx. 1,044 sq ft), and presents clear buy-to-let appeal for investors seeking an income-producing addition.
Current gross rental income is £9,300 per year, which equates to about a 6.5% gross yield at the asking price of £144,000. The tenants have occupied the property for over a year and wish to remain, providing continuity of income; the sale package includes a Let Property Pack with tenancy details for due diligence.
Be realistic about refurbishment and local market factors. The house is a basic mid-20th-century terrace with pebble-dash/brick exterior and modest room sizes; it appears to need updating in places. The plot is small, parking is on-street only, and the area records above-average crime and high deprivation indices—factors that can affect tenant demand and management overheads.
For the investor focused on yield and portfolio growth, this property offers straightforward management and rental stability. Developers or landlords prepared to carry minor to moderate refurbishment can increase rent and capital value, but factor in the local area challenges and a buyer’s premium applied on sale when assessing total purchase costs.
3 bedroom terraced house for sale in Foxley Road, Ilkeston, DE7 — £140,000 • 3 bed • 2 bath • 861 ft²
3 bedroom terraced house for sale in Inglefield Road, Ilkeston, Derbyshire, DE7 — £175,000 • 3 bed • 1 bath • 926 ft²
3 bedroom terraced house for sale in Hallam Fields Road, Ilkeston, DE7 — £125,000 • 3 bed • 1 bath
3 bedroom end of terrace house for sale in Vernon Avenue, Nottingham, Nottinghamshire, NG6 — £160,000 • 3 bed • 1 bath • 872 ft²
3 bedroom terraced house for sale in Milton Street, Ilkeston, DE7 — £145,000 • 3 bed • 1 bath • 699 ft²
3 bedroom terraced house for sale in Godfrey Drive, Ilkeston, Derbyshire, DE7 4HN, DE7 — £145,000 • 3 bed • 1 bath • 613 ft²
