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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 spacious terraced property presents an intriguing opportunity for those looking to invest in a versatile space. Offering three bedrooms plus an additional box room, it has potential for transformation into a multi-let dwelling, making it ideal for investors or large families seeking more room. The layout includes a former commercial sales area that has been converted to residential but may require further development to fully capitalize on its potential. In addition, the separate flat at the rear needs attention but could be revitalized into a useful rental space. Set on the outskirts of town with convenient access to local amenities and major roadways like the A38 and M1, this property holds considerable promise for strategic renovation and investment.

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
£30,000 - £50,000
Target Value
£247,691
10% above area average per sq ft
Potential ROI
-17.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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.

Stamp Duty Calculator

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