Thursday, 22 May 2014

How can you find a good property deal in Ilkeston? .. or even Heanor!



 

The subject of a lack of Ilkeston, Heanor, Eastwood and Belper property bargains over the last couple of years has always been near the top of most local landlord’s thoughts. I have built up an extensive database of every property sale in Amber Valley, Erewash and Broxtowe since the late 1990 ’s, so are able to give an objective and unbiased opinion on what (and what doesn't) make a good property deal /investment. Knowing what is and what has happened to the property market in our area, compared to say Derby or Chesterfield, enables me to spot any trends or opportunities for buy to let landlords. 

Here are some bargains that I spotted at the time and made a note of. It’s obvious other people thought the same as some have now resold a few years later. A 2 bed mid terraced on Depedale Avenue in Ilkeston sold in August 2012 for just £64,950. Admittedly it needed a some TLC and a lick of paint, but what a bargain, because they sold it again a few weeks ago for £84,000 .... a 29% increase in just 18 months. If you were wanting something in Heanor, one buyer paid £110,000 in the late summer of 2011 for a Victorian detached house on Wellington Road, selling at the back end of last year for £124,500 . 

Whether you are a landlord of ours or not or someone thinking of investing in rental market for the first time, drop by our offices for any advice and opinion on where the bargains are in the area. You see, as I don’t sell property, I can look at the whole of the market. Please either ring me on on 01332 910499 or email on lettings@sprucetree.co.uk

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