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Stanley Street, Somercotes

East Midlands

£129,950
Listed on 02/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1055 sqft

Description

This spacious three-bedroom home, arranged over three levels, is presented to the market with no onward chain. It offers an excellent opportunity for first-time buyers or investors looking for a buy-to-let option. The ground floor features two sizable reception rooms along with a fitted kitchen that allows for adaptable living spaces ideal for modern lifestyles. Upstairs, the first floor hosts two well-sized double bedrooms and a family bathroom equipped with a shower above the bath. The top floor reveals a large double bedroom accompanied by additional storage space, enhancing its practicality. Outside, the property boasts a good-sized rear garden primarily laid to lawn and includes a brick-built outhouse with a WC and sink—perfect for conversion or renovation. Notably, there's an extra plot of land at the end of the garden featuring another outbuilding, which offers considerable potential for various uses such as a secure play area for children, an allotment, or workspace. This property stands out as a versatile investment with substantial potential both internally and externally.

Investment Analysis

(DE55 area)

Below Market Value

This property is priced -46.0% below area average per sq ft

-46.0%
Potential saving
This Property
£123/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£264,884
10% above area average per sq ft
Potential ROI
+55.9%
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

Stanley Street, Somercotes
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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
£476
Based on a loan of £97,462 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