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Queen Street, Somercotes, Alfreton

East Midlands

£80,000

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
732 sqft

Description

This two-bedroom mid-terrace house, now available without any onward chain, provides a unique opportunity for buyers eager to invest in a property ripe for transformation. With the need for comprehensive modernisation throughout, it serves as an ideal blank canvas for first-time owners or investors looking to implement their vision. The layout features a spacious living room alongside a separate dining area, both of which boast generous dimensions conducive to various design possibilities. The kitchen at the rear offers direct access to an enclosed garden, presenting significant potential for remodeling to better fit contemporary lifestyles. Upstairs, two sizable bedrooms and a family bathroom await upgrades that could significantly enhance the property's value. The outdoor space features an enclosed garden that could be beautifully landscaped or modified into an inviting seating area, while on-street parking is conveniently available at the front. Nestled in the sought-after village of Somercotes, this property benefits from close proximity to local amenities and frequent bus services. Alfreton town centre is just 2–3 miles away and boasts an excellent array of shops, supermarkets, cafés, and leisure options, alongside robust transport links via bus and rail. Ideal for commuters with easy access to Junction 28 of the M1 and the A38, reaching Nottingham, Derby, Mansfield, and Chesterfield is straightforward. Plus, the nearby East Midlands Designer Outlet provides an impressive selection of retail and dining experiences. This home offers not only ample living space in a convenient location but also exceptional renovation potential—an excellent opportunity to craft a bespoke residence tailored to your desires. Viewing is encouraged at your earliest convenience.

Investment analysis

(DE55 area)

Below Market Value

This property is priced -51.2% below area average per sq ft

-51.2%
Potential saving
This Property
£109/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£180,405
10% above area average per sq ft
Potential ROI
+64.0%
After renovation
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

Queen Street, Somercotes, 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
£302
Based on a loan of £60,000 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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