Letting agents in Ilkeston
Full management for landlords in Ilkeston, from our office on Friar Gate in Derby. 8% of the rent, no set-up fee and no VAT. We find and reference the tenant, collect the rent, inspect the property and keep your paperwork right.
Rents in Erewash
Average monthly rent by number of bedrooms, September 2026.
Office for National Statistics, Price Index of Private Rents. Covers new and existing tenancies across the Erewash council area, which includes Ilkeston. New lets often achieve more.
Get a rent estimate for your propertyRental yields in Ilkeston
What a typical home costs to buy in Ilkeston, what it rents for, and the gross yield.
| Type of home | Median sold price | Average rent a month | Gross yield |
|---|---|---|---|
| Detached house | £317,750 | £1,092 | 4.1% |
| Semi-detached house | £197,000 | £900 | 5.5% |
| Terraced house | £160,000 | £810 | 6.1% |
| Flat or maisonette | £98,250 | £673 | 8.2% |
Sold prices: HM Land Registry, Ilkeston, the 12 months to the end of July 2026. Rents: ONS, Erewash, September 2026. Gross yield is a year's rent divided by the price, before any costs. Buying to let? Option Finance arranges buy to let mortgages, with no broker fee if you are buying or selling with us.
What full management costs in Ilkeston
On the average rent of £838 a month.
Option Estates
£804
in the first year. 8% of the rent, no VAT, no set-up fee, nothing extra for inspections, notices or renewals.
Typical high street
£1,687
in the first year at 12% including VAT plus a £480 set-up fee, before extra charges.
Comparison uses the published fully managed fees of a national agency's Derby branch, checked 22 October 2026.
Included for every Ilkeston landlord
- Marketing with professional photos and a live walk-through video on our social media.
- Referencing and right to rent checks on every tenant.
- Rent collected and paid to you each month, with statements in your landlord portal.
- Check-in, check-out and regular inspections, with photos in your portal.
- Gas safety, electrical and EPC reminders before anything runs out.
- Rent reviews, notices and renewals done properly under the Renters' Rights Act.
What tenants look for in Ilkeston
Good transport and good schools keep homes let and tenants staying longer.
Trains
Ilkeston station opened on 2 April 2017 on the Erewash Valley Line, the town's first since 1967. It has two platforms, a 150 space car park and no staff.
Buses
Trentbarton runs most buses, including the Ilkeston Flyer to Derby and route 31 to Kirk Hallam.
Roads
The M1 is close by. Kirk Hallam sits either side of Ladywood Road, the A6096.
Schools
- Ormiston Ilkeston Enterprise Academy, secondary, Ofsted good in every area
- Kirk Hallam Community Academy, secondary, Ofsted see the latest report
- Ladywood Primary School, primary, Ofsted good in every area
- Larklands Infant School, infant, Ofsted has maintained the standards of its previous inspection
Selling instead? See sold prices and our sales service in Ilkeston.
Questions landlords in Ilkeston ask
How much rent can I get for a two bedroom home in Ilkeston?
The average rent for a two bedroom home in the Erewash council area was £792 a month in September 2026, from Office for National Statistics figures. New lets often achieve more than the average, and condition, parking and the exact street all make a difference. Our free rent estimate gives you a starting figure.
What does a letting agent cost in Ilkeston?
With Option Estates, full management is 8% of the rent with no VAT and no set-up fee. On the average rent in the Erewash council area of £838 a month, that is £804 for the first year. At 12% including VAT plus a £480 set-up fee, the first year would cost £1,687.
What rental yield can I get in Ilkeston?
Using the average rent for the Erewash council area and the median sold price in Ilkeston, flats give the highest gross yield, at about 8.2%. That is before costs such as the mortgage, repairs, insurance and management. Yields vary a lot from street to street.
Do you offer tenant find only in Ilkeston?
No. We only offer full management, because we stand behind the tenant we choose for the whole tenancy. That includes rent collection, inspections, repairs, certificate reminders and keeping your paperwork right under the Renters' Rights Act.