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RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 1
RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 2
RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 3
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RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 5
RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 6
RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 7
RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 8
RWK House and Peveril House, Alfreton Road, Derby DE21 4AG - Image 9
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RWK House and Peveril House, Alfreton Road, Derby DE21 4AG

East Midlands

£3,000,000
Listed on 20/02/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This multi-level property, constructed in 2008, offers a versatile layout that spans three floors, each easily accessible via a personnel lift or stairs situated at either end of the building. The design features a central core flanked by 'wings,' providing primarily open-plan office spaces that can be adapted to various functions. At the ground level, you’ll find a welcoming reception foyer, complemented by essential facilities including male and female restrooms. The first and second floors primarily consist of meeting rooms alongside additional restroom facilities, allowing for functional workspaces that cater to both collaboration and privacy. Originally built in the 1960s, this two-story office structure has been partially re-clad on the exterior, which presents opportunities for further enhancements or modernization. The ground floor contains a mix of cellular offices ideal for private work environments or administration tasks, while the upper levels maintain an open plan conducive to flexible working arrangements. In addition to the main building, there are former storage areas located along the eastern and southern boundaries. These cellular workshops are mostly in shell condition and offer significant potential for conversion into additional office space or other uses depending on your vision. Situated in a location with strong investment potential, this property is well-positioned for those looking to capitalize on its adaptability. With options for single occupancy or subdivision on a floor-by-floor basis, it represents an opportunity not just as a workspace but also as a strategic investment in a dynamic market.

Investment Analysis

(DE21 area)
Area Average
£258/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 3.7%
5 year growth: 17.7%
Investment Disclaimer: Analysis based on DE21 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

RWK House and Peveril House, Alfreton Road, Derby DE21 4AG
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£10,990
Based on a loan of £2,250,000 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