DE24 8QG - 8 bed period investment pair in Alvaston, DE24 8QG

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8 bedroom semi-detached house for sale in London Road, Alvaston, Derby, DE24

Summary - 1160 London Road, Alvaston, DERBY DE24 8QG

8 bed 5 bath Semi-Detached

Two semi‑detached Victorian properties with conversion potential and immediate vacant possession.
Pair of Victorian semi‑detached properties with immediate vacant possession
Potential to provide up to eight lettable bedrooms across the two buildings
Former C2 care use — residential mortgage unlikely, commercial funding advised
EPCs D & E; Council Tax Bands A and B (low running costs)
Part double glazing and mains gas central heating with boilers present
Large plot, rear gardens, off‑street parking and basement cellars
Area has high crime and very high deprivation — affects lettings/insurance
Dated roof/exterior and likely need for insulation and refurbishment
A rare opportunity to acquire a pair of period semi‑detached properties on London Road offered with immediate vacant possession. Formerly run as a residential care home (Use Class C2), the pair present clear conversion potential back into separate homes or a multi‑let investment — the layout could provide up to eight lettable bedrooms across the two buildings. Both houses retain character features such as bay windows, Minton tiling, cellar storage and high ceilings typical of early‑1900s build.

Practical strengths include mains gas central heating with boilers, part double glazing, off‑street parking, rear gardens and substantial plot size. EPCs are D and E and council tax bands A and B are low; both properties are freehold. The buildings are solid brick constructions and, structurally, present a straightforward canvas for refurbishment, reconfiguration or a split sale (vendor may consider separate disposals).

Important cautions for buyers: the current C2 use means standard residential mortgages are unlikely — commercial funding will almost certainly be required. The area has high crime rates and high deprivation metrics; buyers should factor this into lettings, pricing and insurance. Both roofs and some exterior elements are dated and will need inspection and repair. There is part‑double glazing and assumed absence of modern wall insulation.

This opportunity suits investors or developers prepared to source commercial finance, or buyers looking to carry out a sensitive reconversion. With main‑road visibility, local amenities and good transport links to Derby, the pair offer tangible upside for the right purchaser willing to manage refurbishment and regulatory change of use where necessary.

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