Henrys Simms says ..
*Investors dream* This 6/7 bedroom double bedroom Former Guest House is ideal for a HMO investment, current owners rent each room for £120 / week and have long standing tenants! Town centre location! Call us for more details.
Property Oracle says ..
This seven-bedroom property located on Derby Road, Heanor, presents itself as a potential investment opportunity or large family home. The house is described as a former guest house, suggesting that it may have multiple rooms suitable for renting out to tenants. Its proximity to several schools with good Ofsted ratings is an attractive feature for families. The property also enjoys relative closeness to various transportation links, improving accessibility. However, several areas require attention. Based on the images provided, the property exhibits some dated features requiring modernization, especially in the kitchen and bathrooms. A complete renovation would likely enhance the property’s value. The small garden space, mainly paved, is an adequate but not exceptional outdoor area. The absence of precise details on plot size and the lack of comprehensive information on recent comparable sales in the immediate vicinity create some uncertainty around the market value. Overall, the property presents both advantages and drawbacks. Prospective buyers should thoroughly evaluate their needs and budget, factoring in potential renovation costs, before making a decision.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 6
- Land
- 3
- Bedrooms
- 7
- Bathrooms
- 3
- Sqft (est)
- 1,000.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 178,750.00 £Decreased by 27.19 %
- Est sale value
- 236,000.00 £Increased by 5.36 %
- Average area rental value
- 583.00 £/moDecreased by 41.05 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 3.91 %Decreased by 19.05 %
- Crime Rate
- 31.00 %Unchanged by 0.00 %
Agent Activity
Henrys Simms marked this listing as sold.
Henrys Simms created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Corfield Cofe Infant School | Voluntary Controlled School | Good | 0.44 KM |
| Howitt Primary Community School | Academy Converter | 0.68 KM | |
| Jasmine House School | Other Independent Special School | Outstanding | 0.77 KM |
| Mundy Cofe Junior School | Voluntary Controlled School | Good | 0.85 KM |
| Coppice Primary School | Community School | Good | 0.88 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Derby Road | £ 0 | 0 | 0.00 KM |
| Spring Lane | £ 0 | 0 | 0.00 KM |
| A608 | £ 0 | 0 | 0.00 KM |
| Red Lion Square | £ 0 | 0 | 0.00 KM |
| Hill Road | £ 120,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Langley Mill | 1761 | LGM | 3.06 KM |
| Ilkeston | 7783 | ILN | 8.00 KM |
| Alfreton | 1805 | ALF | 9.72 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Derby Road, Heanor | £ 180,000 | BUY | 6 / 10 | 0.00 KM |
| Derby Road, Heanor | £ 100,000 | BUY | Unknown | 0.00 KM |
| Derby Road, Heanor | £ 150,000 | BUY | 6 / 10 | 0.00 KM |
| Derby Road Heanor DE75 7QG | £ 275,000 | BUY | 5 / 10 | 0.00 KM |
| Derby Road, HEANOR | £ 145,000 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 9 Derby Road | £ 84,000 | 0.00 KM |
| 13 Derby Road | £ 78,000 | 0.00 KM |
| 6 Derby Road | £ 128,750 | 0.02 KM |
| 28 Derby Road | £ 97,000 | 0.02 KM |
| 26 Derby Road | £ 65,000 | 0.02 KM |