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Flat 15, 18 South Street, Ilkeston, Derbyshire, DE7 5QE
Marketed by:
Auction Estates Limited
Cavendish Rd, Carlton, Nottingham NG4 3DZ, UK
01157 844 600
1 Bed Apartment – Derbyshire
Flat 15, 18 South Street, Ilkeston, Derbyshire, DE7 5QE
Unsold
£40,000+
Key Features
- An opportunity to acquire a one bedroom apartment situated in the heart of Ilkeston town centre An opportunity to acquire a one bedroom apartment
- Situated in the heart of Ilkeston town centre
- Ideal for owner-occupiers & investors An opportunity to acquire a one bedroom apartment situated in the heart of Ilkeston town centre
- Long Leasehold one-bedroom apartment
- Located opposite Ilkeston Market Place
- Walking distance to a wide variety of town amenities
Description
An opportunity to acquire a one bedroom apartment situated in the heart of Ilkeston town centre An opportunity to acquire a one bedroom apartment
Accommodation / Key Property Details
- Situated in the heart of Ilkeston town centre
- Ideal for owner-occupiers & investors An opportunity to acquire a one bedroom apartment situated in the heart of Ilkeston town centre
- Long Leasehold one-bedroom apartment
- Located opposite Ilkeston Market Place
- Walking distance to a wide variety of town amenities
- 0.8 miles from Ilkeston Train Station
- Adjacent to bus stop going to surrounding areas
- Good road connectivity, within easy reach of J26 of M1
- Comprising living room/kitchen/diner, bedroom & family bathroom
Location
Flat 15, 18 South Street, Ilkeston, Derbyshire, DE7 5QE
Tenure
Leasehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.
Auction Information
| Auctioneer | Auction Estates |
| Auction Date | Thursday 8 October 2026 at 2:30pm |
| Venue | Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE |
| Lot Number | 009 |
| Status | For Sale |
| Guide Price | £40,000+ |
| Buyer’s Premium | £1,800 inc VAT at the guide-price band |
| Additional Fees | Seller may charge additional completion fees; check Special Conditions in legal pack |
Investment Analysis
Investment Snapshot
| Guide Price | £40,000+ |
| Asset Type | Flat / Investment |
| Tenure | Leasehold |
| HB Desktop Works Allowance | £5,000 |
| Buyer’s Premium | £1,800 inc VAT |
| Guide + Works + Buyer Premium | £46,800 |
| Passing Rent / ERV | No passing/ERV figure extracted from source particulars |
| Gross Yield on Guide | Not calculated |
| HB Base Value / GDV Screen | £50,000 |
| 75% Refinance Screen | £37,500 |
Market Comparables
The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.
Proposed Works
HB desktop allowance: £5,000. Confirm scope through inspection, survey and contractor/QS pricing.
Rental Value
No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.
Low / Base / High Investment Scenario
| Low | £45,000 |
| Base | £50,000 |
| High | £55,000 |
BTL Analysis
Obtain genuine local rental comparables before relying on a BTL appraisal; no achieved rent is invented here.
BRRR Analysis
At the HB base value screen of £50,000, a 75% refinance is approximately £37,500 before lender criteria. Compare against the full project cost, not guide price alone.
Flip Analysis
Base value screen less guide, HB works allowance and buyer premium leaves approximately £3,200 before SDLT, legal, finance, holding, professional, selling costs and tax. This is not net profit.
Maximum Bid Indicator
Deduct works, buyer premium, legal/professional fees, finance, holding, contingency, selling costs and required profit/return from a verified end value. SDLT is buyer-specific and excluded from this desktop screen.
Strategy Recommendation
BTL, BRRR or refurbishment/resale depending on verified rent, end value, survey and legal-pack findings.
Strategy Rating
BTL: ★★★☆☆ | BRRR: ★★★☆☆ | Flip: ★★★☆☆
Key Risks
Lease length, ground rent, service charge and lender acceptability; Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.
Analysis Confidence
High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.
Auction Details :
Auction Estates Limited
Auction Date :
08/10/26
Lot Number :
009
Property Location:
Flat 15, 18 South Street, Ilkeston, Derbyshire, DE7 5QE
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