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Quarry Road, Somercotes, Alfreton - Image 1

Quarry Road, Somercotes, Alfreton

East Midlands

£80,000
Listed on 27/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
840 sqft

Description

This two-bedroom property presents a promising opportunity for investors or DIY enthusiasts looking for a renovation project. Located in the East Midlands, this chain-free home requires comprehensive refurbishment to unlock its full potential. The ground floor offers a living room, a dining kitchen, a rear lobby, and a bathroom. Upstairs, you’ll find two spacious double bedrooms. The property also features an enclosed garden primarily laid to lawn, perfect for landscaping or outdoor improvements. It's important to note that due to its current condition, the property may not qualify for traditional mortgage financing, making it ideal for cash buyers or those looking to invest in a substantial refurbishment venture.

Investment Analysis

(DE55 area)

Below Market Value

This property is priced -58.3% below area average per sq ft

-58.3%
Potential saving
This Property
£95/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£210,903
10% above area average per sq ft
Potential ROI
+83.4%
After renovation
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

Quarry Road, Somercotes, 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
£293
Based on a loan of £60,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE