Alfreton Road, Blackwell DE55

East Midlands

£120,000

Listed on 11/05/2026

Property Details

Bedrooms

N/A

Type

Land

Description

This development site comes with full planning permission for the conditional demolition of six prefabricated concrete panel garages. The plans are set to transform the area into four residential apartments, complete with designated parking and amenity spaces. This offering presents a unique investment opportunity in the East Midlands, perfect for those looking to capitalize on residential demand in this growing area. With the groundwork already laid for development, you can hit the ground running on this promising project.

Investment Analysis

(DE55 area)

Area Average

£225/sq ft

Avg Rent (weekly)

£196

Avg Yield

4.3%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£300,000 - £450,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

16%

Properties sold annually

Local Market Trend (DE55)

Area prices are falling by -3.4% over the last 12 months

3 year growth: -2.7%

5 year growth: +14.6%

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

Alfreton Road, Blackwell DE55

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments

£428

Based on a loan of £90,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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Similar Properties

Alfreton Road, Blackwell DE55

Property Details

Description

Investment Analysis

Renovation Potential

Local Market Trend (DE55)

Location

Mortgage Calculator

Stamp Duty Calculator

Next Steps

Get help with this property

Next Steps

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