Penzance Road, Alvaston, Derby
East Midlands
£190,000
Listed on 23/09/2026
Listed on 23/09/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
986 sqftFeatures
- Garden
- Parking
Description
This three-bedroom semi-detached house in Alvaston is offered with no upper chain and is described as requiring modernisation. The existing accommodation includes a porch, entrance hall, lounge, dining kitchen and conservatory, with three bedrooms and a bathroom upstairs. Outside, the property has a private block-paved rear garden, an outbuilding and an L-shaped driveway providing off-road parking.
The larger-than-average plot has planning permission stated for a two-storey side extension, with the proposed scheme adding a kitchen, utility room, WC, fourth bedroom and en-suite. The listing also notes owned solar panels, with an arrangement for the new owner to receive some free electricity; the terms should be checked with the relevant company and solicitor. Local amenities, schools, major employers and Elvaston Castle and Country Park are within reach.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
64out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £190,000, this three-bedroom semi is priced attractively at £193 per sq ft, around 19.5% below the local average. The dated finishes make it a clear medium-scale project: there is scope to refresh several rooms, while the visible open section of the kitchen ceiling needs investigation before planning the work.
The larger plot, usable conservatory, paved driveway and rear garden give the property practical appeal, and the listing states that permission has been granted for extensions. Overall, it is a promising value-led project, though the economics are moderate rather than a clear margin against current local average values.
Key opportunities
- Refresh the dated carpets, wallpaper and decorative finishes across several rooms.
- Rework the dated kitchen and bathroom; investigate the open kitchen ceiling as part of the kitchen project.
- Make use of the larger plot, driveway, conservatory and the extension permission stated in the listing.
Key risks
- The open section of kitchen ceiling needs investigation; the photographs do not establish its cause.
- A multi-room modernisation programme needs careful scoping and sequencing to keep the project manageable.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£718
Based on a loan of £142,500 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.
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Pricing
Price history
-5.0% since listed
£190,000£9,950(-5.0%)
23/09/2026£199,950Initial listing
30/05/2026Services
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