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Mansfield Road, Alfreton DE55 - Image 1
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Mansfield Road, Alfreton DE55

East Midlands

£249,950
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
2434 sqft

Description

This spacious terraced property presents a rare renovation opportunity, featuring three bedrooms and an additional box room, along with a separate flat that is in need of refurbishment. Conveniently located on the town's outskirts, this property benefits from easy access to local amenities and major transport routes including the A38 and M1. With potential for conversion into a house in multiple occupation or suitable for extended families, this space holds promise for investors looking to enhance value through strategic upgrades. The layout includes distinct areas such as a former commercial sales space that has already transitioned to residential use, making it adaptable for various living arrangements. Given the property's mixed-use background and existing structures like the garage and courtyard, there are various angles to explore for development or enhancement. Notably, prior planning consent for residential change of use indicates further potential; however, prospective buyers should be aware that this permission has lapsed. An inspection is strongly advised to appreciate the full extent of what could be achieved here.

Investment Analysis

(DE55 area)

Below Market Value

This property is priced -54.3% below area average per sq ft

-54.3%
Potential saving
This Property
£103/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£601,076
10% above area average per sq ft
Potential ROI
+93.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +0.7%
5 year growth: +18.6%
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

Mansfield Road, Alfreton DE55
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,462 over 30 years at 3.91% 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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