Summary - 74 PROSPECT STREET ALFRETON DE55 7GY
3 bed 1 bath Terraced
Three-bed Victorian terrace — low-entry auction project near Alfreton town centre.
- Three bedrooms in a compact Victorian terrace layout
- No upward chain; freehold title
- Paved rear garden for low maintenance
- Gas central heating and double glazing present
- Requires renovation and updating throughout
- Sold at Modern Auction with buyer reservation fees
- Located in a higher-crime, deprived terrace area
- Small overall footprint and limited extension potential
A compact three-bedroom Victorian terraced house offered freehold and with no upward chain. The layout provides a reception lounge, separate dining room, fitted kitchen and ground-floor bathroom, with three modest bedrooms upstairs — a straightforward plan suited to a small family or rental use. The rear garden is paved for low maintenance and the property has gas heating and double glazing in place.
The house requires renovation and updating throughout; cosmetic and likely mechanical improvements will be needed to bring it to modern standards. The property is being sold at Modern Auction, which carries an undisclosed reserve, a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and other buyer charges. Successful bidders must complete within the auction timescale and complete identity and funding checks — allow time for due diligence and factor auction fees into your budget.
Location is practical: close to Alfreton town centre amenities, several good-rated primary and secondary schools, fast broadband and excellent mobile signal. The wider neighbourhood is a deprived, blue-collar terrace area with higher crime statistics, so buyers should consider security and lettability factors when planning works or rental strategy.
This property suits a buyer wanting a lower-entry investment or a first home they can improve over time. The modest footprint and small plot limit extension potential, but the straightforward terrace form and nearby services make it an economical project for refurbishment or a hands-on landlord preparing for the local lettings market.
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