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Mansfield Road, Alfreton, Derbyshire, DE55

East Midlands

£249,950
Listed on 09/12/2025

Property Details

Bedrooms
3
Type
Terraced
Area
1003 sqft

Description

This distinctive terraced property offers a spacious layout with three bedrooms and an additional box room, positioned on the outskirts of town. The property currently serves a mixed-use function as both residential and commercial space, presenting a valuable opportunity for conversion into a House in Multiple Occupation (HMO) or catering to extended families. While the separate flat requires some refurbishment, its potential is evident, especially given its convenient access to the town centre and major roadways such as the A38 and M1. Features include multiple reception rooms, a generous kitchen area with scope for modernisation, and a garage that could enhance functionality. The former sales area could be transformed to optimise living space, making this property a worthwhile investment for those looking to renovate and increase rental yield or create a large family home.

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)
£190
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£247,691
10% above area average per sq ft
Potential ROI
-13.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +0.7%
5 year growth: +18.6%
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, Derbyshire, DE55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,462 over 30 years at 3.91% 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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