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Chesterfield Road, Alfreton DE55 - Image 1
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Chesterfield Road, Alfreton DE55

East Midlands

£375,000
Listed on 29/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1076 sqft

Description

This end-terraced cottage features three generously sized double bedrooms and is situated on approximately 0.28 acres in a desirable semi-rural location. The property has significant renovation and investment potential, particularly given the approved planning application for two additional detached dwellings, complete with associated parking and garden areas. This opens up various possibilities for developers or investors looking to enhance the site’s value. The main home offers an inviting entrance hall leading into a spacious lounge, accentuated by a log burner and charming beams that create a warm atmosphere. The oak-fitted dining kitchen also includes another log burner, making it a cozy space for family gatherings. Upstairs, you'll find three well-proportioned double bedrooms; the principal bedroom benefits from an en-suite shower room, while a modern bathroom serves the other two rooms. Outside, the property showcases a gated limestone chipped driveway that can accommodate several vehicles alongside a detached garage. Additionally, there are two brick-built outbuildings and one large outbuilding segmented into four distinct rooms, providing ample opportunities for storage or conversion into functional spaces that suit your needs. The mature gardens feature established fruit trees and shrubs, as well as a Koi carp pond, enhancing the outdoor environment. Conveniently located, the cottage is within easy reach of local village amenities, respected schools, and essential transport links, including quick access to the M1 motorway—making it not only appealing for personal use but also attractive for future rental or resale opportunities. For further details about the planning application referenced as number 22/00117/OUT, interested parties may consult Bolsover District Council's website. This property represents a unique opportunity to invest in an area with growth potential while offering immediate comforts in a lovely residential setting.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +52.7% above area average per sq ft

+52.7%
This Property
£349/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£270,157
10% above area average per sq ft
Potential ROI
-37.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on DE55 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chesterfield Road, Alfreton DE55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE