3-bedroom detached house · DE7 5LX
Listing removedReduced £30k (−11.5%) on 29 JunListed 242 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Entrance Hall Stairs to the first floor with under the stair’s storage cupboard with gas meter, radiator, doors leading to kitchen and lounge, double glazed front door double glazed leaded window to the side.
Lounge/Diner (7.24m x 3.66m (23'9" x 12'0")) With gas fire on marble hearth (not working) brass canopy over, four radiators, lead effect double glazed rear door, lead effect double glazed bay window to the front elevation.
Kitchen (3.35m x 2.84m (11'0" x 9'4")) Fitted with a range of base cupboards, drawers and matching wall units, glass display cabinet, laminated work surfaces with tile surround, stainless steel sink and drainer with mixer tap, oven and grill, gas hob with extractor over, space for freestanding fridge freezer, space and plumbing for washing machine, under stairs storage cupboard housing the Ideal wall mounted boiler, lead effect double glazed side door.
First Floor Landing Loft hatch, doors off and lead effect double glazed window to the side.
Bedroom One (3.81m x 3.63m (12'6" x 11'11")) Fitted cupboards and drawers with matching dressing table, radiator, lead effect double glazed window to rear.
Bedroom Two (4.06m x 3.66m (13'4" x 12'0")) With marble hearth and feature electric log fire, with brass canopy over, radiator, lead effect double glazed bay window to the front.
Bedroom Three (2.13m 1.88m (7'0" 6'2")) Range of fitted wardrobes and over bed storage, radiator, lead double glazed window to the front.
Bathroom (2.26m x 2.26m (7'5" x 7'5")) Walk in shower, panelled bath, low flush WC, pedestal wash hand basin, fully tiled walls & floor, frosted lead effect window to the rear.
Outside Front Garden To the front of the property there is a walled frontage with gravel and planted areas and wrought iron gates which give access to a driveway.
Rear Garden There is a detached garage in the rear garden, (needing some attention) lawn areas, shrubs and bushes with fence boundary.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About 28, Gresley Road, Ilkeston
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