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53 Peterway Somercotes, Alfreton, DE55 4JQ - Image 1
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53 Peterway Somercotes, Alfreton, DE55 4JQ

East Midlands

£35,000Guide Price

Listed on 08/07/2026

Property details

Bedrooms
2
Type
Semi Detached

Description

This semi-detached property, available through an online auction, presents a valuable opportunity for investors and renovators alike. Located in Derbyshire, the property features two bedrooms and a functional layout that includes a lounge/dining room, kitchen, and family bathroom. The ground floor welcomes you through an entrance hallway, leading to spaces ripe for enhancement. Potential buyers will appreciate the front garden, which could be transformed to accommodate off-road parking, and the turfed rear garden offers space for outdoor enjoyment or further development. With properties in the vicinity achieving sale prices upward of £200,000 after refurbishment, this home is positioned as a substantial project with notable upside potential. Conveniently situated near local amenities such as schools, shops, and leisure facilities, it also boasts excellent transport connections via major roadways and rail services. This property's location combined with its renovation potential makes it a wise consideration for anyone looking to make their mark in the East Midlands real estate market.

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Investment analysis

(DE55 area)
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE55)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.2%
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

53 Peterway Somercotes, Alfreton, DE55 4JQ
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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
£132
Based on a loan of £26,250 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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