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East Midlands
£40,000Guide Price
Listed on 08/09/2026
Listed on 08/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This first-floor flat offers a compelling opportunity for those looking to invest in a property below local average market values. With an asking price of £40,000, significantly lower than the local average of £205,768, this flat presents a budget-friendly entry point into the market, especially for buyers willing to undertake some cosmetic improvements. The property is situated in a quiet cul-de-sac with allocated parking and has good access to local amenities in Alvaston, making it a desirable location for potential tenants or future resale.
While the interiors of the flat are dated and require cosmetic updates throughout, the garden and exterior conditions are good, indicating a solid structure to work with. The living areas, kitchen, and bathroom all show signs of wear but provide a blank canvas for creative renovation. The overall project scale is light, with renovation costs estimated between £20,000 and £40,000, allowing for significant value addition through modernisation and personal touches. This is a chance to transform a tired space into a modern and appealing home or rental unit.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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
Indicative tax based on the asking price and the options you select.
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