Modern Method of Auction
Auction date not yet published
3-bedroom house · DE7 5NZ
For saleListed 90 days
Opportunity summary
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About
This three-bedroom detached house is for sale in Ilkeston, Derbyshire, offering an opportunity for buyers seeking a property in need of renovation in a well-connected residential area.
The ground floor comprises a reception room featuring large windows, providing good natural light, and a kitchen overlooking the garden.
Upstairs there are two double bedrooms and one single bedroom, together with a family bathroom. Externally, the property benefits from a garden, off-street parking and a single garage.
The home falls within Council Tax Band C.
The property is situated in Ilkeston, with access to nearby schools and local amenities including shops, supermarkets and everyday services in and around the town centre.
Green spaces are available at Victoria Park and Rutland Recreation Ground, both popular for walking and leisure.
Ilkeston railway station provides services towards Nottingham and Sheffield, with journey times to Nottingham typically around 20–25 minutes, making it suitable for commuters.
Local bus routes offer links to Derby, Nottingham and surrounding towns. Road connections are convenient, with the A610 and M1 accessible by car for wider regional travel.
The location and layout make this property of particular interest to families and investors looking to undertake refurbishment and tailor the accommodation to their requirements.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
ILK260379/8 Auction Notes This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 28 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.
(truncated) Entrance Hall Lounge (3.94m x 3.69m) Feature fire place with gas fire and back boiler. Double glazed window to front elevation. Sliding doors to dining room.
Dining Room (3.69m x 3.68m) Side door to kitchen and double glazed window to rear elevation. Kitchen (3.68m x 2.65m) Fitted with a range of original wall and base units with single drainer sink .
Space for appliances and built in walk in pantry cupboard. Double glazed window to rear elevation. Landing Built in storage cupboard. Double glazed window to side elevation.
Bedroom 1 (3.95m x 3.37m) Double glazed window to front elevation.
Bedroom 2 (3.37m x 3m) Double glazed window to front elevation Bedroom 3 (2.45m x 1.85m) Double glazed window to rear elevation Bathroom 2.45 x 1.89m - Fitted with a three piece original bathroom suite and built in airing cupboard.
Double glazed window to front elevation. Outside Front Having a walled forecourt, with mature trees and shrubs and driveway leading to detached garage.
Outside Rear Large mature rear garden comprising of fruit trees and Apple tree with a well to the bottom. Garage (5.29m x 2.43m) Double door to front elevation.
Tenure Freehold EPC Rating T.B.A Erewash Borough Council Band C
Value & comps
No previous sales on record.
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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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 7, Kensington Gardens, Derbyshire
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