2 bed block of flats for sale

Station Road, Ilkeston DE7

Station Road, Ilkeston, De7 5Lh

A fantastic investment opportunity comprising a mid terraced building converted into two self contained one bedroom flats, ideally positioned on a well connected residential road.
The first floor flat is well arranged and offers a bright reception room, fitted kitchen, double bedroom and bathroom. The ground floor flat also comprises one bedroom, reception room and bathroom but presents a development opportunity, offering scope for refurbishment. The property benefits from its own access and represents an attractive prospect for investors seeking rental income with additional upside potential.

Ilkeston is a popular and well established market town in Derbyshire, positioned between Nottingham and Derby, making it ideal for commuters. Station Road is conveniently located for local shops, supermarkets, schools and everyday amenities. Excellent transport links include nearby road connections to the A610 and M1 motorway network, along with regular bus services. The recently reopened Ilkeston railway station further enhances connectivity, providing direct routes to Nottingham and beyond.

Ilkeston has seen continued residential demand due to its affordability compared with neighbouring cities. Ongoing regional investment and infrastructure improvements across Derbyshire and the East Midlands continue to support capital growth and rental demand. The reopening of the railway station and wider East Midlands development initiatives have strengthened the town’s appeal to commuters and investors alike.

Financial Breakdown

Gross Rent: £6,000.00
Net income: £5,400.00
Gross yield: 6.32%
Net yield: 5.68%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08436