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Oakerthorpe, Alfreton, DE55 - Image 1
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Oakerthorpe, Alfreton, DE55

East Midlands

£290,000
Listed on 29/11/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This historic former public house presents a distinctive opportunity for conversion into a luxury four-bedroom home, complete with full planning permission. Located in the desirable village of Oakerthorpe, this spacious property spans approximately 2,249 sq ft and promises to be transformed into a residence that harmoniously blends charming architectural features with modern comforts. The potential new layout offers four generous bedrooms, three bathrooms including en-suite options, and three reception rooms that cater perfectly to family living and social gatherings. A large kitchen/diner enhances the contemporary lifestyle, while additional practical spaces such as a utility room and boot room add further appeal. Outside, the property boasts ample outdoor space with a private garden and three dedicated parking spots. This project is ideal for developers or individuals eager to embark on a self-build journey in a location known for its investment potential.

Investment Analysis

(DE55 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
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

Oakerthorpe, 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
£1,062
Based on a loan of £217,500 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