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Chesterfield Road, Oakerthorpe, Alfreton

East Midlands

£190,000
Listed on 08/11/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached house presents a promising renovation opportunity for prospective buyers. The property is currently in need of refurbishment, making it an ideal candidate for those looking to invest in a project that could enhance its value. The ground floor includes a lounge featuring double-glazed windows and a distinctive brick fire surround, along with a separate dining room that boasts an elegant Adam style fireplace. The kitchen comes equipped with fitted units and ample storage space, albeit requiring modernisation. Upstairs, the three bedrooms offer potential for reconfiguration or updates to create a more contemporary feel. A bathroom with essential fittings completes the first floor layout. Outside, the property features wrought iron gates leading to hard standing side garden space, which could be transformed into an attractive outdoor area. This property is perfectly positioned for those willing to undertake significant renovations and realise its full 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
£25,000 - £40,000
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

Chesterfield Road, Oakerthorpe, Alfreton
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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
£696
Based on a loan of £142,500 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