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Pye Bridge House, Main Road, Pye Bridge, Alfreton, Derbyshire DE55 4NW - Image 1
Pye Bridge House, Main Road, Pye Bridge, Alfreton, Derbyshire DE55 4NW - Image 2
Pye Bridge House, Main Road, Pye Bridge, Alfreton, Derbyshire DE55 4NW - Image 3

Pye Bridge House, Main Road, Pye Bridge, Alfreton, Derbyshire DE55 4NW

East Midlands

£230,000Guide Price

Listed on 07/09/2026

The listing

Property details

Bedrooms
4
Type
Detached

Description

This substantial four-bedroom detached residence, Pye Bridge House, presents an exceptional development opportunity in a prominent location on Main Road, Pye Bridge. The property is situated within extensive grounds and offers significant potential for various residential or alternative development options, pending the necessary planning permissions. Historically, outline planning approval was granted in 1993 for the construction of three substantial residential properties on the site, indicating the feasibility of future development. The current layout suggests a larger residential scheme could accommodate approximately 14 dwellings, although this is purely illustrative and not indicative of current planning permission. Prospective buyers may explore the possibility of demolishing the existing structure to pursue a comprehensive redevelopment for residential or other housing-led uses. For those interested in retaining the existing house, it features original elements such as sash windows, fireplaces, and strip wood flooring, but requires a thorough refurbishment and modernization. The property comprises two reception rooms and a spacious dining kitchen, offering ample accommodation over two floors. Conveniently located near Alfreton and Somercotes, the site also benefits from access to local amenities and transport connections. Pye Bridge House represents a rare opportunity to acquire a freehold site with considerable future development potential, whether for a high-quality residential scheme or alternative commercial use.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

54out of 100
Grade DWeak opportunity

Confidence: LOW

This four-bedroom detached house on Main Road, Pye Bridge, presents a significant renovation project that is currently in a poor state of repair. Visible signs of neglect are apparent throughout, with clutter and disrepair in the living areas, bedrooms, kitchen, bathroom, and an overgrown garden. However, the low asking price of £230,000 stands out against a local average sale price of £233,288, making it an enticing prospect for those willing to invest in extensive renovations. While the property is being sold by private treaty rather than auction, it’s important to consider that bidding can drive the final price above this figure.

The real value of this listing lies in its potential for redevelopment. Positioned on a substantial site with a history of planning approval for residential development, there is scope to explore multiple options, including a comprehensive redevelopment of the entire site for new housing or commercial uses. The existing layout and extensive grounds provide a blank canvas for creative minds looking to create something unique in a prominent location. However, the level of refurbishment required is significant, with a projected renovation budget ranging from £100,000 to £250,000, indicating that this will be a full-gut programme rather than a simple refresh.

Key opportunities

  • Significant redevelopment potential, including the possibility of demolishing the existing structure for new housing or commercial use.
  • A prominent location on Main Road with extensive grounds allows for creative development options.
  • Opportunity to enhance the property's value through comprehensive renovations and improvements.

Key risks

  • Stripped interiors and a £100,000–£250,000 works budget make this a full-gut programme, not a refresh.
  • Visible neglect throughout the property raises concerns about structural integrity and the extent of necessary repairs.
  • Potential for damp and damage throughout, given the poor condition of the exterior and interiors.

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Map

Location

Pye Bridge House, Main Road, Pye Bridge, Alfreton, Derbyshire DE55 4NW
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£869
Based on a loan of £172,500 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.

Tax

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Indicative tax based on the asking price and the options you select.

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