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Alvaston & Crewton Men's Social Club - Image 1

Alvaston & Crewton Men's Social Club

East Midlands

£695,000
Listed on 04/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a notable opportunity for renovation and investment, featuring a former social club along with an adjacent bowling green. Spanning a total site area of 0.88 acres, the property is situated on a corner plot, providing ample visibility and accessibility. The building itself comprises predominantly single-storey space, with a generous ground floor area of approximately 8,808 square feet complemented by an additional first floor measuring around 1,638 square feet. Upon entering, visitors are greeted by the main bar area which connects to various functional spaces, including a large open-plan conference area and restroom facilities. The interior also includes access to the first floor that previously housed offices and a snooker room, offering potential for reconfiguration or transformation depending on your vision. Located directly off Brighton Road with good car parking provisions at the front, this property offers easy access for both patrons and future developments. The bowling green can be accessed from the right side elevation of the building, potentially presenting opportunities for outdoor events or leisure activities. With vacant possession available upon sale and development potential (subject to planning), this site is ideal for those looking to revitalize or repurpose an established venue in a prime location. The property is connected to essential services including mains gas, electricity, water, and drainage. The rateable value currently stands at £34,500 as of April 2023, providing further incentive for investors considering its redevelopment potential. Given its size and location advantages, this property could serve as a significant asset in your portfolio or be transformed into something uniquely beneficial for the community.

Investment Analysis

(DE24 area)
Area Average
£242/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.6%

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
41
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 8.5%
5 year growth: 28.8%
Investment Disclaimer: Analysis based on DE24 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

Alvaston & Crewton Men's Social Club
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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
£2,546
Based on a loan of £521,250 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