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Mansfield Road, Alfreton, DE55

East Midlands

£249,950
Listed on 15/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1003 sqft

Description

This spacious terraced property, featuring three sizable bedrooms plus a versatile box room, presents a compelling investment opportunity on the outskirts of town. The property combines residential and commercial elements, including a former sales area that has been granted lapsed planning consent for conversion to fully residential use. This could be an ideal refurbishment project either for a family needing ample space or for investors looking to create a house in multiple occupation (HMO). The property is conveniently located with easy access to the town center and major roadways like the A38 and M1. It's worth noting that the separate flat attached to the outbuilding requires significant attention but has great potential for rental income or additional living space when properly updated. Viewing is strongly encouraged to appreciate its full potential and layout.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +11.0% above area average per sq ft

+11.0%
This Property
£249/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£188
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £70,000
Target Value
£247,691
10% above area average per sq ft
Potential ROI
-22.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +4.4%
5 year growth: +24.5%
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

Mansfield Road, Alfreton, DE55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£901
Based on a loan of £187,462 over 30 years at 4.06% 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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