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New Lane, Hilcote, Alfreton

East Midlands

£325,000

Listed on 11/06/2026

Property Details

Bedrooms
4
Type
Detached Bungalow

Description

This detached bungalow sits on a generous plot of approximately one-third of an acre, offering a wealth of renovation potential. While the property currently requires comprehensive refurbishment and modernisation throughout, it presents a unique opportunity for buyers looking to tailor their living space to their tastes and specifications. The well-proportioned rooms provide a solid foundation for creative enhancements or reconfiguration, making it ideal for those interested in a rewarding project. Located in the sought-after village of Hilcote, Alfreton, this four-bedroom bungalow comprises spacious accommodation including a sizable living room with natural light streaming through large windows, alongside a kitchen and utility area. A second reception room located at the rear enhances its flexibility for family life. Each of the four bedrooms offers ample space and versatility, while the existing family bathroom provides further scope for improvement. Externally, the extensive grounds feature a large driveway for off-road parking and access to a garage. The rear garden—while requiring attention—has great potential with its patio area, lush lawn, and mature greenery that could be transformed into an inviting outdoor retreat. Living in Hilcote grants residents access to nearby Alfreton's amenities such as supermarkets, restaurants, and healthcare services. The surrounding countryside promotes outdoor activities like walking and cycling, ensuring that this location balances tranquility with convenience—a perfect setting for creating your dream home.

Investment Analysis

(DE55 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
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

New Lane, Hilcote, Alfreton
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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
£1,228
Based on a loan of £243,750 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

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