2-bedroom terraced house · DE7 8QQ
For saleListed 16 days
Opportunity summary
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About
46 Prince Street is a two bedroom freehold home offering an excellent opportunity for buyers looking for a property they can improve, personalise and potentially add significant value to, situated within easy reach of Ilkeston town centre and approximately 1 mile from Ilkeston railway station.
The property requires updating throughout, making it particularly well suited to buyers searching for a renovation project rather than a home that has already been modernised.
For those prepared to undertake the required works, there is excellent scope to create a home tailored to their own style and requirements while adding value through refurbishment.
The accommodation provides two bedrooms and one bathroom, with the existing layout offering a practical starting point for improvement.
The property is held on a freehold basis, giving the new owner full control over the home and any future improvements, subject to any necessary permissions.
The location offers convenient access to Ilkeston and its range of shops, supermarkets, schools and everyday amenities.
Ilkeston railway station is approximately 1 mile away, providing useful transport connections for commuters, while East Midlands Airport is approximately 11.1 miles from the property.
For buyers looking specifically for a project, the need for modernisation is a key part of the opportunity.
Rather than paying a premium for somebody else's refurbishment, the property provides the chance to undertake the work themselves and create a home around their own preferences.
With two bedrooms, freehold tenure and considerable potential to improve, 46 Prince Street represents an exciting opportunity for first-time buyers, investors or anyone looking for a renovation project with scope to add value.
Key Features • Two bedroom freehold home • Excellent renovation project • Requires updating throughout • Significant scope to improve and add value • Two bedrooms • One bathroom • Approximately 1 mile from Ilkeston railway station • Convenient for Ilkeston town centre and local amenities • East Midlands Airport approximately 11.1 miles away • No onward chain • Searches available upfront Making an offer through us We already have the title plan, register and searches available.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 46, Prince Street, Ilkeston, Derbyshire
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