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Babbington Street, Tibshelf, Alfreton, Derbyshire DE55 - Image 1
Babbington Street, Tibshelf, Alfreton, Derbyshire DE55 - Image 2
Babbington Street, Tibshelf, Alfreton, Derbyshire DE55 - Image 3

Babbington Street, Tibshelf, Alfreton, Derbyshire DE55

East Midlands

£400,000
Listed on 16/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1275 sqft

Description

This detached residence presents a unique opportunity for builders and developers, situated on a generous plot with approved planning permission for the construction of four semi-detached homes. The existing three-bedroom house offers a practical layout that includes a welcoming entrance hall, lounge, dining room, fitted kitchen, wet room, and a spacious conservatory. On the upper level, you will find three double bedrooms along with a family bathroom. With plans already in place for a double-height extension to enhance this home further, the groundwork for an impactful transformation has been partly established. The property also boasts substantial outdoor space, ideal for future developments or personal enjoyment. Located in Tibshelf—a village rich in local amenities including shops, medical facilities, and scenic walking trails—this setting is attractive for both residential living and investment potential. The existing garage and workshop can serve as functional spaces for various hobbies or additional storage. The chance to capitalise on this fine project is rare; it opens doors to substantial investment returns while allowing for creative development options tailored to modern living needs.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +37.4% above area average per sq ft

+37.4%
This Property
£314/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £130,000
Target Value
£320,121
10% above area average per sq ft
Potential ROI
-39.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 24.0%
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

Babbington Street, Tibshelf, Alfreton, Derbyshire DE55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE