1-bedroom flat · DE55 7JJ
Listing removedListed 106 days · slow let
Opportunity summary
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About
Recently converted 1 bedroom apartment in Alfreton. This apartment comprises of: • Hallway/entrance benefits from storage cupboard. • First floor location, up one flight of communal stairs.
No lift in the building. • Open plan living / kitchen with windows to the rear of the building, and included in the kitchen is a oven, 4-ring hob, washer/dryer and fridge/freezer with freezer box.
5.30m x 3.90m • Kitchen area does have a fitted storage cupboard. • One Double Bedroom with fitted wardrobe, size 3.1m x 2.60m.
• Bathroom off the bedroom consisting of shower cubicle, wash basin and WC. 2.30m x 1.0m. • UPVC double glazed windows. • Electric heating. • All windows have fitted blinds or curtains throughout.
• Parking on street outside on the front, restriction between 8am-6pm for 40 mins duration, no restriction outside these times / overnight. Further parking elsewhere on the road or nearby roads.
Rear car park is communal with no allocated spaces on a first come, first served space basis.
Location is close to Alfreton town centre and 1/2 mile from Alfreton train station, which has main lines into city's such as Nottingham and Sheffield.
Also close to the A38 , M1 J28 and South Normanton. Access: Flat is a 1st floor maisonette, access by a staircase. Electricity and gas supply: Mains connection.
Water and sewerage status: Mains connection Heating and hot water status: Electric heating. Broadband and mobile phone coverage: see checker.ofcom.org.uk.
Flood risk in this location: Surface water = Very Low. River/Sea = Very Low.
Flood risk from Groundwater = This location is outside of a groundwater flood alert area Flooding from reservoirs = unlikely in this area. Coal mining area location: located on the coalfield.
Council: Amber Valley Council (Yet to be banded) Any planning permission in the area: see ambervalley.gov.uk/planning/development-management/view-a-planning-application/ Costs to move in to this property = Initial holding deposit, equivalent to 1 weeks rent (not a fee and will go towards balance of move in monies if tenancy goes ahead), being £160.00.
Tenancy deposit, equivalent to 5 weeks rent, being £801.00 First months rent in advance.
Kingswood Residential Investment Management are residential lettings specialists and members of ARLA Propertymark, The Property Ombudsman, Tenancy Deposit Scheme and the Propertymark Client Money Protection Scheme.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Mansfield Road, Alfreton, DE55 7JJ
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