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Gilbert Street, Alvaston

East Midlands

£280,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Set on a spacious corner plot in the desirable Alvaston area, this well-preserved two-bedroom detached bungalow presents a unique opportunity for customization. While it requires some cosmetic updates, its foundational features and layout lend themselves well to personal touches that could transform this property into your dream home. The bungalow is being sold with no upward chain, enhancing its appeal for prospective buyers looking to move quickly. Equipped with uPVC double glazing and gas central heating, this home offers practical comforts alongside potential. A standout feature is the extra-large detached double garage measuring 21ft x 21ft, perfect for storage or workshop use. Additionally, there are two conservatories that extend living space and provide additional areas to connect with the surrounding garden. The interior layout includes a welcoming entrance hallway leading to a bright bay-fronted living room and an open-plan kitchen/diner fitted with integrated appliances. The dining area opens into one of the conservatories, filling the space with natural light and views of the private wrap-around garden—a fantastic canvas for further landscaping or development possibilities (subject to planning approval). The master bedroom is generously sized and features fitted wardrobes along with a second double bedroom offering flexibility for guests or family use. An additional reception room serves multiple purposes—ideal as a dining area, garden room, or potential third bedroom—while the modern family shower room adds convenience. Outside, the property benefits from ample driveway parking alongside lovely established gardens featuring various patios, flower borders, and even a charming pond—perfect for outdoor gatherings or quiet retreats. With local amenities including shops and schools nearby, as well as excellent transport links connecting you to the A50, A52, M1 motorway, and East Midlands Airport, this bungalow represents a solid investment in both lifestyle and potential.

Investment Analysis

(DE24 area)
Area Average
£242/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 8.5%
5 year growth: 28.8%
Investment Disclaimer: Analysis based on DE24 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

Gilbert Street, Alvaston
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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
£1,026
Based on a loan of £210,000 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.

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