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Mansfield Road, Alfreton, DE55

East Midlands

£239,950

Listed on 09/12/2025

Property details

Bedrooms
3
Type
Terraced
Area
1003 sqft

Description

This spacious three-bedroom terraced property, which also includes a box room and a separate flat, presents a unique investment opportunity. Situated on the outskirts of town, it offers substantial potential for conversion into a house in multiple occupation (HMO) or could serve as an ideal residence for a multi-generational family. The property features distinct areas that require attention, allowing for personalized renovations to suit modern living standards. The entrance hallway leads into a lounge with a classic fireplace and ample natural light. The dining room provides access to the kitchen, which is equipped with essential amenities. Notably, there is a former retail space that has transitioned into residential use, enhancing the property's adaptability. The first floor hosts sizable bedrooms with abundant windows and radiators for warmth. Additionally, the attached outbuilding previously served as a flat; while it currently requires some repair work, it has promising conversion potential. This property benefits from easy access to local amenities and major roadways, making it an attractive candidate for renovation.

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Investment analysis

(DE55 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£239/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£248,463
10% above area average per sq ft
Potential ROI
-14.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE55)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -4.7%
5 year growth: +11.8%
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, DE55
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £179,962 over 30 years at 4.45% 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

Price History

-4.0% since listed
£239,950£10,000(-4.0%)
11/06/2026
Current price
£249,950Initial listing
22/04/2026

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