Worst House on the Street Logo
Queen Street, Somercotes, Alfreton DE55 - Image 1
Queen Street, Somercotes, Alfreton DE55 - Image 2
Queen Street, Somercotes, Alfreton DE55 - Image 3
Queen Street, Somercotes, Alfreton DE55 - Image 4
Queen Street, Somercotes, Alfreton DE55 - Image 5
Queen Street, Somercotes, Alfreton DE55 - Image 6
Queen Street, Somercotes, Alfreton DE55 - Image 7
Queen Street, Somercotes, Alfreton DE55 - Image 8
Queen Street, Somercotes, Alfreton DE55 - Image 9
Queen Street, Somercotes, Alfreton DE55 - Image 10
Queen Street, Somercotes, Alfreton DE55 - Image 11

Queen Street, Somercotes, Alfreton DE55

East Midlands

£80,000

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
732 sqft

Description

This two-bedroom mid-terrace home offers a compelling opportunity for those inclined towards renovation and investment. With no onward chain, the property is ripe for modernization, presenting a blank canvas for first-time buyers, investors, or anyone looking to infuse their personal style into a home. The ground floor features a spacious living room and a separate dining area that promises flexible living arrangements. The kitchen at the back provides direct access to an enclosed garden that could be transformed into an appealing outdoor space through landscaping or redesign. Upstairs, two adequately sized bedrooms and a family bathroom await your creative touch to uplift and add value to the property. With on-street parking available and located in the desirable village of Somercotes, you’ll enjoy convenient access to local amenities and transport links. Alfreton town centre is just a short distance away, offering various shops, cafes, and leisure facilities while providing easy commuting options via Junction 28 of the M1. With its well-proportioned spaces and excellent potential for redevelopment, this property is an exciting project for anyone looking to invest in a promising area. Early viewings are encouraged.

Investment analysis

(DE55 area)

Below Market Value

This property is priced -51.2% below area average per sq ft

-51.2%
Potential saving
This Property
£109/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£180,405
10% above area average per sq ft
Potential ROI
+64.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DE55)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.2%
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

Queen Street, Somercotes, Alfreton DE55
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£302
Based on a loan of £60,000 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.

Stamp duty calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.