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Crays Hill, Leabrooks, Alfreton, Derbyshire

East Midlands

£389,950

Listed on 28/12/2025

Property details

Bedrooms
3
Type
Detached
Area
1497 sqft

Description

This traditional detached residence presents a valuable investment opportunity for buyers seeking to enhance or expand their living space. One of the key attributes of this property is the expansive rear garden, which not only offers a serene outdoor retreat but also holds significant potential for extensions or redevelopment, pending the necessary planning approvals. This flexibility allows future owners to modify the home according to personal preferences and needs. The layout encompasses an entrance hallway, modern ground floor shower room/WC, lounge, separate dining area, and a conservatory leading into the garden. Upstairs, a galleried landing connects three generously sized double bedrooms along with a smaller box room for storage purposes. The first floor also features a contemporary shower room and independent WC. With gas central heating and double glazing already in place, the home provides a comfortable environment while presenting various avenues for customization or modernization. The driveway accommodates multiple vehicles and includes a garage plus workshop space, ideal for car enthusiasts or those in need of extra storage. Located conveniently between Leabrooks and Swanwick, this property is within close proximity to essential amenities such as schools, shops, restaurants, and public transport links. Access to major roadways including the A38 and M1 further enhances its appeal for commuting to nearby towns like Alfreton and Ripley as well as cities including Derby, Nottingham, and Sheffield. The nearby Alfreton train station ensures straightforward travel options to London and other key destinations. This property is offered with no onward chain and immediate possession available.

Investment analysis

(DE55 area)

Above Market Value

This property is priced +16.3% above area average per sq ft

+16.3%
This Property
£260/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£368,943
10% above area average per sq ft
Potential ROI
-16.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE55)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.2%
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

Crays Hill, Leabrooks, Alfreton, Derbyshire
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,473
Based on a loan of £292,462 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-10.4% since listed
£389,950£10,000(-2.5%)
24/03/2026
Current price
£399,950£35,050(-8.1%)
15/01/2026
£435,000Initial listing
28/12/2025

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