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47 Appian Way, Alvaston, Derby DE24 0TG - Image 1
47 Appian Way, Alvaston, Derby DE24 0TG - Image 2
47 Appian Way, Alvaston, Derby DE24 0TG - Image 3

47 Appian Way, Alvaston, Derby DE24 0TG

East Midlands

£40,000Guide Price

Listed on 08/09/2026

The listing

Property details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat is offered at auction and is located on the first floor of a quiet cul-de-sac, complete with an allocated parking space. While the accommodation requires some cosmetic improvements, it presents a solid opportunity for renovation. The layout includes a lounge, kitchen, two bedrooms, and a bathroom. Access to a shared drying area at the rear adds to the practicality of the property. Situated in a desirable residential area, it provides easy access to Alvaston centre, which offers a variety of shopping facilities. Major transport links such as the A50, A52, and M1, along with Derby city centre, are conveniently close. The entrance door leads to a staircase ascending to the first floor landing. The lounge features a uPVC double-glazed window overlooking the rear, a real effect electric fire, and laminate flooring. The kitchen is equipped with wall cupboards, a laminate worktop, and space for a washing machine. Both bedrooms benefit from natural light through uPVC double-glazed windows and feature laminate flooring. The bathroom is fitted with a three-piece suite, including a bath with an electric shower overhead. This property offers potential for those looking to invest in a project with scope for enhancement.

WHOTS analysis

Our WHOTS verdict

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

51out of 100
Grade DWeak opportunity

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.

Key opportunities

  • Significantly below local average market price, offering a great entry point for investors.
  • Good location with easy access to amenities and transport links.
  • Light cosmetic updates can dramatically enhance the property's appeal and value.

Key risks

  • The property will require cosmetic improvements throughout, which may affect budget and timeline.

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Map

Location

47 Appian Way, Alvaston, Derby DE24 0TG
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Finance

Mortgage calculator

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

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£151
Based on a loan of £30,000 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.

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