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Manor Road, South Wingfield, Alfreton

East Midlands

£450,000
Listed on 16/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1365 sqft

Description

Nestled in the picturesque village of South Wingfield, this three-bedroom detached bungalow presents a unique opportunity for renovation and investment. Spanning over 1,300 sq ft and set on a substantial plot of approximately one-fifth of an acre, the property benefits from breathtaking views across open countryside, which can be further enhanced with thoughtful updates. The spacious layout includes an entrance porch, hallway, living room with media wall, dining room, kitchen with dining area, and utility room featuring a WC. Notably, the attic space offers excellent potential for conversion into additional living quarters, pending necessary planning approvals. The external features include a generous driveway leading to an integral double garage that has power and water supply—ideal for transforming into a versatile workspace or studio. The south-facing rear garden is beautifully landscaped but could benefit from modernization to maximize its appeal and functionality. While many elements of the home have been well-maintained, further enhancements such as updating kitchen fixtures or reconfiguring spaces can significantly increase value. The location not only provides scenic rural community living but also easy access to nearby towns through excellent transport links. Overall, this property offers considerable potential for both personal customization and future investment returns.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +46.8% above area average per sq ft

+46.8%
This Property
£330/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£337,087
10% above area average per sq ft
Potential ROI
-33.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Manor Road, South Wingfield, Alfreton
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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
£1,594
Based on a loan of £337,500 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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