471 Lower Somercotes, Somercotes, Alfreton, DE55 4NS
MC

471 Lower Somercotes, Somercotes, Alfreton, DE55 4NS

By McHugh & Co

£ 70,000

Reviews

2 out of 5 stars

McHugh & Co says ..

LOT 50D **FOR SALE BY ONLINE AUCTION** on 11th February 2025 Six Week Completion or Earlier Freehold House Vacant Possession

Property Oracle says ..

This four-bedroom property in Lower Somercotes, Alfreton, presents a mixed bag of opportunities and challenges. Located in Derbyshire, the property offers easy access to Alfreton and its train station. The presence of several nearby schools could also appeal to families. However, information about their Ofsted ratings is not available.

The property itself appears to be in need of some modernization and cosmetic work. The exterior images suggest a dated structure requiring some updates, and the garden looks somewhat neglected, requiring landscaping and maintenance. The lack of bathroom information is also a notable omission.

The list price of £70,000 falls within the range of other properties in the area, although it’s difficult to make a precise comparison due to a lack of square footage details for both the subject property and the comparables. The numerous shared ownership properties nearby also influence the overall pricing context. The property could represent good value for money for a buyer prepared to undertake renovations. However, potential buyers should factor in the costs associated with refurbishment and modernization.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
6
Land
3
Bedrooms
4
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
186,250.00 £
Increased by 14.36 %
from 162,856.00 £
Average area rental value
1,095.00 £/mo
Increased by 39.67 %
from 784.00 £/mo
Est rental Yield
7.06 %
Increased by 22.15 %
from 5.78 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • McHugh & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Riddings Junior SchoolAcademy Converter0.79 KM
Riddings Infant And Nursery SchoolCommunity SchoolGood1.03 KM
Somerlea Park Junior SchoolAcademy Sponsor Led1.08 KM
Somercotes Infant And Nursery SchoolAcademy Sponsor Led1.27 KM
Ironville And Codnor Primary SchoolAcademy Sponsor Led1.81 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Cornmill Drive £ 95,62500.00 KM
Spencer Drive £ 000.00 KM
Everest Drive £ 120,00000.00 KM
Parkside £ 135,00000.00 KM
Castle Drive £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Alfreton1805ALF2.94 KM
Langley Mill1761LGM7.16 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lower Somercotes, Somercotes, Alfreton £ 130,000BUY5 / 100.03 KM
Cinder Road, Somercotes, Alfreton, DE55 £ 240,000BUY7 / 100.08 KM
Cinder Road, Somercotes, Alfreton £ 150,000BUY7 / 100.10 KM
Lewsley Drive, Somercotes, Alfreton £ 176,250BUY7 / 100.15 KM
Lewsley Drive, Somercotes, Alfreton £ 97,500BUY7 / 100.15 KM

Nearby Properties

AddressPriceDistance
5 Cinder Road £ 138,5000.14 KM
15 Cinder Road £ 129,9500.14 KM
Charis £ 200,0000.14 KM
14 Cinder Road £ 140,0000.14 KM
459 Somercotes Hill £ 200,0000.16 KM