3-bedroom house · DE55 7JP
Listing removedReduced £10k (−4%) on 20 JunListed 314 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A unique opportunity to acquire this spacious, three bedroomed plus box room terraced property, a mixed use of residential and commercial property together with a separate flat which requires some attention.
Situated on the outskirts of the town. This is a great opportunity to convert into a house in multiple occupation or ideal for the larger three generational family.
Easy access to the town centre and the A38 & M1. Viewing is highly recommended.
Entrance Hallway: 4.89m x 2.28m (16' x 7'5") , Composite part glazed entrance door with glazed header over, dado rail, stairs with turned spindles to balustrade rises to the first floor, under stairs storage area, radiator and six panel door opens to the lounge.
Lounge: 4.05m x 3.96m (13'3" x 12'11") , Open fire to a classic tiled fire place with raised hearth, picture rail, two UPVc double glazed windows, double panelled radiator and picture rail.
Dining Room: 4.85m x 4.04m (15'10" x 13'3") , UPVc double glazed window enjoys the view of the court yard, double panelled radiator, picture rail, three wall light points.
Glazed door opens to the kitchen and the entrance hallway.
Kitchen: 4.90m x 2.07m (16' x 6'9") , Single drainer stainless steel sink unit with hot and cold tap, rolled edge work surface, range of wall and base units, four ring gas hob, electric cooker below, plumbing and space for washing machine and dishwasher, wall mounted Baxi gas combination boiler operating the central heating and instant hot water, ceramic tiled flooring, UPVc double glazed window, single panel radiator, part glazed door provides access to the rear court yard and the flat.
Former Sales Area: 5.54m x 5.40m (18'2" x 17'8") , With UPVc double glazed display windows to frontages of Mansfield Road and Prospect Street, This is an irregular shaped shop area with UPVc double glazed double doors open to the former sales area, now with change of use to residential.
Fluorescent lighting to the ceiling and door to the garage. Sales Area Store: 2.92m x 1.14m (9'6" x 3'8") , With wash hand basin.
Garage: 4.91m x 3.20m (16'1" x 10'5") , With double timber doors opening to the front and rear of the property.
On The First Floor: Landing: 2.96m x 2.25m (9'8" x 7'4") , With turned spindles to the balustrade, UPVc double glazed window, dado rail and doors open to.....
Front Bedroom 1: 6.09m average x 5.85m average (19'11" x 19'2") , Three UPVc double glazed windows, one to Prospect Street, Mansfield Road and one to the court yard and two radiators.
Rear Bedroom 2: 4.05m x 2.98m (13'3" x 9'9") , UPVc double glazed window and radiator. Front Bedroom 3: 4.11m x 3.96m (13'5" x 12'11") , UPVc double glazed window and radiator.
Box Room/Study: 2.32m x 1.82m (7'7" x 5'11") , UPVc double glazed window and laminate flooring and radiator.
Family Bathroom: 3.14m x 1.71m (10'3" x 5'7") , Containing a panelled bath with shower attachments to mixer tap, pedestal wash hand basin, low flush WC, part tiled walls, double panelled radiator and UPVc double glazed window.
Externally To The Rear: There is a brick paved court yard, garden external security lighting and cold water tap.
Please note the former outbuilding flat has a pedestrian walk way with access from Prospect Street.
Attached Outbuilding Former Flat: On the ground Floor Living Kitchen: 3.92m x 3.49m (12'10" x 11'5") , Single drainer sink unit with hot and cold tap, range of wall and base units, open riser staircase rises to the first floor.
UPVc double glazed window, wall mounted gas heater (not tested).
Shower Room: 2.57m x 1.15m (8'5" x 3'9") , Containing a shower tray with a Mira electric shower over (not tested), shower rial and curtain, low flush WC, pedestal wash hand basin, UPVc double glazed window, ceramic tiled flooring.
First Floor Bedroom: 3.92m x 3.47m (12'10" x 11'4") Lapsed Planning Consent: Please note planning consent was granted for the change of use to residential, however, this consent granted ava has since lapsed.
Viewing: By appointment through Savidge & Brown on pressing 2. Postcode: The postcode for the satellite navigation user is DE55 7JP.
Offer Procedure: Before contacting a Building Society, Bank or Solicitor you should make your offer to our office and speak to a member of staff dealing with the sale as any delay may result in the sale being agreed to another purchaser incurring unnecessary costs.
Under the Estate Agency Act 1991 you will be required as soon as possible from making an offer to provide us financial information in order to verify your position before we can finally recommend your offer to the vendor.
We will also require proof of identification in order to adhere to Money Laundering Regulations. These particulars do not constitute any offer or contract nor any part thereof.
Anti-Money Laundering Checks: In accordance with the UK Money Laundering Regulations, we are required to carry out Anti-Money Laundering (aml) checks on all buyers.
This includes identity verification, sanctions screening, and Politically Exposed Persons (pep) checks, along with ongoing monitoring.
A fee of £36.00 per person (inclusive of VAT) will be payable to cover the cost of these checks.
Buyers will be required to provide proof of identity, proof of address, and evidence of the source of funds before we can proceed with the sale.
Disclaimer: Whilst we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office.
Services: The Agents have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order. The buyer is advised to obtain verification.
Measurements: Please note all the measurement details are approximate and should not be relied upon as exact.
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
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FAQ
About 102, Mansfield Road, Alfreton
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