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
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Metrics Year-on-Year
- Average area value
- 186,250.00 £Increased by 14.36 %
- Average area rental value
- 1,095.00 £/moIncreased by 39.67 %
- Est rental Yield
- 7.06 %Increased by 22.15 %
- Crime Rate
- 5.00 %Unchanged by 0.00 %
Agent Activity
McHugh & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Riddings Junior School | Academy Converter | 0.79 KM | |
| Riddings Infant And Nursery School | Community School | Good | 1.03 KM |
| Somerlea Park Junior School | Academy Sponsor Led | 1.08 KM | |
| Somercotes Infant And Nursery School | Academy Sponsor Led | 1.27 KM | |
| Ironville And Codnor Primary School | Academy Sponsor Led | 1.81 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Cornmill Drive | £ 95,625 | 0 | 0.00 KM |
| Spencer Drive | £ 0 | 0 | 0.00 KM |
| Everest Drive | £ 120,000 | 0 | 0.00 KM |
| Parkside | £ 135,000 | 0 | 0.00 KM |
| Castle Drive | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Alfreton | 1805 | ALF | 2.94 KM |
| Langley Mill | 1761 | LGM | 7.16 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Lower Somercotes, Somercotes, Alfreton | £ 130,000 | BUY | 5 / 10 | 0.03 KM |
| Cinder Road, Somercotes, Alfreton, DE55 | £ 240,000 | BUY | 7 / 10 | 0.08 KM |
| Cinder Road, Somercotes, Alfreton | £ 150,000 | BUY | 7 / 10 | 0.10 KM |
| Lewsley Drive, Somercotes, Alfreton | £ 176,250 | BUY | 7 / 10 | 0.15 KM |
| Lewsley Drive, Somercotes, Alfreton | £ 97,500 | BUY | 7 / 10 | 0.15 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Cinder Road | £ 138,500 | 0.14 KM |
| 15 Cinder Road | £ 129,950 | 0.14 KM |
| Charis | £ 200,000 | 0.14 KM |
| 14 Cinder Road | £ 140,000 | 0.14 KM |
| 459 Somercotes Hill | £ 200,000 | 0.16 KM |