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Farm Drive, Alvaston, DE24

East Midlands

£195,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1131 sqft

Description

This traditional double bay-fronted semi-detached home presents a significant opportunity for renovation and personalization, ideal for investors or families looking to create their perfect living space. Located on a generous plot with a favorable south-facing aspect, the property encompasses over 1,100 sq. ft., providing ample room for transformation. The welcoming entrance hall opens into two spacious reception areas, including a bright bay-fronted lounge that captures natural light beautifully. The ground floor features a kitchen, conservatory, and a convenient WC, while outside there is an extensive block-paved patio leading to a garden area and garage. Upstairs, three sizeable bedrooms and a family bathroom offer flexible options for modernisation or extension. Situated in the sought-after Farm Drive, the property boasts easy access to local amenities in Alvaston, major employers like Rolls Royce, top-rated schools, and excellent transport links via the A50, A52, A6, and M1 — making it highly suitable for commuters. This property is ready for a full renovation and is an exciting blank canvas waiting for your vision.

Investment Analysis

(DE24 area)

Below Market Value

This property is priced -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£172/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£202
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£294,914
10% above area average per sq ft
Potential ROI
+7.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (DE24)

Area prices are falling by -6.8% over the last 12 months
3 year growth: +2.1%
5 year growth: +20.2%
Investment Disclaimer: Analysis based on DE24 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

Farm Drive, Alvaston, DE24
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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
£696
Based on a loan of £146,250 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.

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