We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · DE7 4DY
Listing removedListed 272 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the outskirts of the popular town of Ilkeston, this is a smartly presented and recently refurbished two bedroomed property which benefits from gas central heating and from being modernised throughout.
Internally the accommodation briefly comprises an entrance porch, kitchen with integrated appliances and access to a large lounge diner which has double glazed French doors opening to the patio.
A staircase leads to the first floor where there are two good sized bedrooms and a bathroom with shower over the bath.
Outside the property benefits from an enclosed garden area to the rear which is overlooked by a large patio.
Ilkeston is a highly popular residential location and the thriving town boasts a range of shops, pubs and restaurants.
Local shops and leisure facilities can be found close by and the location is perfect for access to both Nottingham and Derby. This well presented property should be viewed to be fully appreciated.
Accommodation - Entering the property through double glazed door into: Entrance Porch - With space for fridge/freezer.
Kitchen - 2.08m x 4.17m (6'10" x 13'8") - With a range of quality work surfaces/preperation areas, wall and base cupboards and an integrated electric oven, hob and extractor.
The kitchen has a stainless steel sink unit with drainer beneath a double glazed window and there is space for a washing machine, useful kitchen drawers and radiator.
Access to: Lounge Diner - 3.63m x 8.41m (11'11" x 27'7") - This spacious room has two radiators, double glazed window to both elevations and double glazed French doors opening to the patio.
Meter cupboard. To The First Floor - Spacious Landing - With inset ceiling spotlights, radiator and access to the loft.
Bedroom One - 2.62m x 4.55m (8'7" x 14'11") - With a double glazed window, radiator and storage alcove. Bedroom Two - 3.78m x 2.62m (12'5" x 8'7") - With double glazed window and radiator.
Bathroom - 4.11m x 2.08m (13'6" x 6'10") - With a low level WC, pedestal wash hand basin with storage cupboard beneath, bath with shower over the bath, heated towel rail and frosted double glazed window.
Outside - Outside the property benefits from a garden area to the rear which is overlooked by a large patio area.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About Mitchells Terrace, Ilkeston
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