2-bedroom house · DE55 4NB
For saleReduced £5k (−6.3%) on 20 OctListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, this charming two-bedroom mid-terrace home presents an exciting opportunity for buyers seeking a property with excellent potential.
Requiring modernisation throughout, it provides the perfect blank canvas for first-time buyers, investors, or those looking to create a home tailored to their own style and requirements.
The accommodation begins briefly comprises a generous living room and a separate dining room, both offering well-proportioned living space.
To the rear, the kitchen provides direct access to the enclosed garden and offers excellent scope for redesign and enhancement to suit contemporary living.
The first floor comprises two well-sized bedrooms and a family bathroom, with ample opportunity to upgrade and add value throughout.
Outside, the enclosed rear garden provides a private outdoor space with potential for landscaping or creating an attractive seating area, while on-street parking is available to the front.
Situated in the popular village of Somercotes, the property enjoys easy access to a wide range of local amenities and regular bus services.
Alfreton town centre is approximately 2–3 miles away and offers an excellent selection of shops, supermarkets, cafés, leisure facilities, and both bus and rail links.
Commuters are well catered for, with Junction 28 of the M1 and the A38 just a short drive away, providing excellent access to Nottingham, Derby, Mansfield, and Chesterfield.
The nearby East Midlands Designer Outlet also offers a fantastic range of retail, dining, and leisure facilities.
Combining generous living space, a convenient location, and outstanding potential, this is an excellent opportunity to acquire a home that can be transformed into something truly special.
Early viewing is highly recommended.
Living Room (4.14 m x 3.50 m (13'7" x 11'6")) Dining Room (4.14 m x 3.97 m (13'7" x 13'0")) Kitchen (2.70 m x 2.40 m (8'10" x 7'10")) Bedroom One (4.01 m x 3.13 m (13'2" x 10'3")) Bedroom Two (3.30 m x 2.45 m (10'10" x 8'0")) Bathroom (2.30 m x 1.50 m (7'7" x 4'11"))
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About 15 Queen Street, Alfreton
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