About This Property

Discover what makes this home special

The Oakwood is a charming detached family home located in the heart of Somercotes, offering a perfect blend of comfort and convenience. This three-bedroom property boasts a spacious lounge, modern kitchen/dining area with patio doors opening to a south-east facing garden, and a practical garage store. Upstairs, the master bedroom includes an en-suite shower room, complemented by two additional bedrooms and a family bathroom, making it ideal for growing families or those needing extra space.

Situated in a peaceful residential area, The Oakwood benefits from proximity to local amenities, schools, and transport links, providing easy access to Derby and Nottingham. The property’s well-thought-out layout and garden aspect ensure a bright and welcoming living environment throughout the day, making it a delightful home for both relaxing and entertaining.

Property Features

This property features a detached layout with a convenient garage store and a bright kitchen/dining area that opens onto a south-east facing garden, perfect for morning and early afternoon sun. The master bedroom benefits from an en-suite shower room, while the ground floor cloakroom adds practicality. The spacious lounge provides a comfortable living space, and the overall design maximizes natural light and family functionality.

DetachedGarage StoreSouth-East GardenEn-suite ShowerKitchen/DiningLounge+1

Local Amenities

Located in Somercotes, this property is close to essential amenities including Somercotes Primary School and Medical Centre, ensuring convenience for families. Tesco Express and local shops provide easy access to daily necessities, while Somercotes Leisure Centre offers recreational options nearby. The Alfreton train station, just a short drive away, connects residents to Derby and Nottingham, complemented by local bus services. Nearby parks add green space for outdoor activities and community enjoyment.

Somercotes Primary SchoolSomercotes Medical CentreTesco ExpressSomercotes Leisure CentreAlfreton Train StationLocal Bus Stops+1
Alfreton Train Station (2.5 miles, 8 mins drive) • 25 mins to Derby

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£305,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£305,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
60/100
ChallengingModerateGoodExcellent
Affordable entry price
Limited direct international transport links
Growing local community
Lower rental yield compared to major cities

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
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Get Advice
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£305,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
5.4%
Based on £1,373/mo rent
Area Price Growth
+4.6%
Average annual increase
5-Year Value Forecast
£381,178
+£76,178 projected gain
5-Year Rent Forecast
£1,736/mo
Based on 4.8% annual growth
Price per Sq Ft£277
Annual Rent Income£16,476
10-Year ROI216%
Break-Even Point16 yrs

Property Value Projection

Based on 4.6% annual growth
£381,178
5yr
£476,382
10yr
£595,365
15yr
£744,066
20yr
£929,906
25yr
Current: £305,000

Monthly Rental Income

Based on 4.8% annual growth
£1,736
5yr
£2,194
10yr
£2,774
15yr
£3,507
20yr
£4,433
25yr
Current: £1,373/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Derby
25 mins
20 mins
Nottingham
35 mins
30 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Lounge
Morning Moderate
Afternoon Good
Evening Low
Kitchen/Dining
Morning Excellent
Afternoon Good
Evening Moderate
Bedroom 1
Morning Good
Afternoon Moderate
Evening Low

Location Scores

55
Walk Score
Somewhat Walkable
48
Transit Score
Some Transit
52
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Recreational+Positive Impact
Somercotes Community Park
0.8 milesEst. 2025
Commercial+Positive Impact
Somercotes Retail Expansion
1.2 milesEst. 2027
* Information based on local planning applications and may be subject to change

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£305,000
AvailableNB0000051117
View Location Analytics

The Oakwood

Somercotes, Alfreton DE55 4NF
Seely Fields
3
Bedrooms
3
Bathrooms
1,100
Est. Sq ft
detached
Type

Developer

Avant Homes
Available Plot Numbers
070
1 plot(s) available
Ownershipfreehold

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£305,000The Oakwood

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The Oakwood
The OakwoodSomercotes£305,000

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