4-bedroom house · DE7 8GE
Listing removedListed 128 daysAuction 13 Jul · ended
Opportunity summary
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About
Auction Date Commencing on Monday 13th July 2026 at 1pm and ending 24 hours later on Tuesday 14th July 2026 at 1pm with Auction House Notts and Derby Please register to bid via our website - auctionhouse.co.uk/nottsandderby Exciting investment opportunity with commercial unit attached!
We are delighted to offer this unique property to our auction. It is a former four bedroom detached house that has been converted into two separate dwellings.
The ground floor compromises of a living room, a kitchen, a bathroom, one bedroom and a separate living space used for leisure.
It can be accessed via the door facing the street or to the rear door in the kitchen. It has a large open plan hallway that stretches around the downstairs.
The second apartment is accessed via the recently fitted metal staircase positioned in the rear garden of the property.
The first floor property boasts two spacious bedrooms, a living room, a kitchen and a bathroom.
Attached to the left of the property is a large commercial unit with previous uses that include storage and a car repair garage. The unit in it's entirety is around 18.4m long and 6m wide.
It is broken down into two similar size parts with additional spaces throughout. This space could be renovated and let out as a commercial space, allowing for further income.
Alternatively, with the correct planning permission it could be transformed into two more living spaces. Tenure: Freehold Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About 60 Wood Street, Ilkeston, Derbyshire DE7 8GE
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