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1 Chesterfield Road, Oakerthorpe, Alfreton, Derbyshire, DE55 7LN - Image 1
1 Chesterfield Road, Oakerthorpe, Alfreton, Derbyshire, DE55 7LN - Image 2
1 Chesterfield Road, Oakerthorpe, Alfreton, Derbyshire, DE55 7LN - Image 3
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1 Chesterfield Road, Oakerthorpe, Alfreton, Derbyshire, DE55 7LN - Image 12
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1 Chesterfield Road, Oakerthorpe, Alfreton, Derbyshire, DE55 7LN

East Midlands

£171,000
Listed on 29/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
457 sqft

Description

This detached three-bedroom house presents an excellent opportunity for renovation and investment in a sought-after location. The property is currently vacant and requires a comprehensive refurbishment to unlock its full potential. Conveniently situated near Chesterfield Road (A615), it offers easy access to surrounding areas including Alfreton, Ripley, and Matlock. With essential amenities like pubs, restaurants, schools, and Alfreton Golf Club nearby, this location combines residential comfort with accessibility. The property features two reception rooms, a kitchen, bathroom, and ample storage on the ground floor, along with three bedrooms on the first floor. Outside, the driveway provides off-road parking alongside side and rear gardens, as well as a detached garage for additional storage or potential conversion. Given that the Energy Performance Certificate (EPC) rating is F, there is a significant opportunity to enhance energy efficiency through renovations. This property is ideal for investors or homeowners wanting to create their dream living space.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +66.1% above area average per sq ft

+66.1%
This Property
£374/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£113,258
10% above area average per sq ft
Potential ROI
-46.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE55)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -2.7%
5 year growth: +14.6%
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

1 Chesterfield Road, Oakerthorpe, Alfreton, Derbyshire, DE55 7LN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£610
Based on a loan of £128,250 over 30 years at 3.97% 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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