Auction

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Auction

1/6

Property for sale Godfrey Street, Heanor, DE75

Guide Price

£275,000

Added on 25/09/2026

For sale by auction

Size: £96 per sq ft
Tenure: Freehold

Key features

HUGE INVESTMENT OPPORTUNITY
MASSIVE POTENTIAL TO RENOVATE
CENTRAL HEANOR TOWN LOCATION
APPROXIMATELY 2861SQ FT ACROSS TWO FLOORS
OPPORTUNITY TO RE-DEVELOP (subject to planning)

About this property

**FOR SALE BY MODERN METHOD OF AUCTION which is operated by iamsold limited** **

AMAZING INVESTMENT OPPORTUNITY WITH HUGE POTENTIAL**

Whitegates are delighted to bring to market this rare investment opportunity. A wide plot with approximately 2861sq ft across two floors this building has huge potential to renovate and generate multi income avenues. Currently just the ground floor is being occupied but this property has potential to be a multi used property.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,605
Band B

£1,873
Band C

£2,140
Band D

£2,408
Band E

£2,943
Band F

£3,478
Band G

£4,013
Band H

£4,815

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Amber Valley, 2026/27 bills run from £1,605 a year in band A to £4,815 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Amber Valley, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

This home

£96 / sq ft

Area average (sold)

£228 / sq ft

Price per area, sold homes nearby

£147 / sq ft

£96 / sq ft

£316 / sq ft

Lowest

This home

Highest

£96 per sq ft, below almost all recent sales in DE75 (£147–£316, 10th–90th percentile, 525 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 525 homes sold in DE75 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in DE75 →

Location

Godfrey Street, Heanor, DE75

Open map Street View

Mortgage and stamp duty

Property price £275,000

£137k £413k

Deposit10% £28,000

£0 £275k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £247,000 mortgage. Most lenders would want a household income of about £55,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
5, Godfrey Street Terraced	Terraced	Sept 2024	1,076 sq ft £153/sq ft	1,076 sq ft	£153	£165,000
12, Godfrey Street Terraced	Terraced	Nov 2023	958 sq ft £129/sq ft	958 sq ft	£129	£124,000
11, Godfrey Street Terraced	Terraced	Dec 2018	883 sq ft £88/sq ft	883 sq ft	£88	£78,000
4, Godfrey Street Terraced	Terraced	Sept 2018	635 sq ft £137/sq ft	635 sq ft	£137	£87,000
16, Godfrey Street Detached	Detached	Feb 2017	1,539 sq ft £153/sq ft	1,539 sq ft	£153	£235,000
17, Godfrey Street Terraced	Terraced	Sept 2015	1,195 sq ft £67/sq ft	1,195 sq ft	£67	£80,000
6, Godfrey Street Terraced	Terraced	Feb 2013	840 sq ft £66/sq ft	840 sq ft	£66	£55,000
11a, Godfrey Street Terraced	Terraced	Jan 2013	861 sq ft £98/sq ft	861 sq ft	£98	£84,000