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Rose Bank, Idridgehay, Belper, Derbyshire

East Midlands

£375,000
Listed on 03/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1715 sqft

Description

This appealing detached bungalow is situated in the tranquil village of Idridgehay, offering an excellent refurbishment opportunity for those looking to create a personal sanctuary in the Derbyshire countryside. While the property requires modernization, it provides a blank canvas for potential buyers to infuse their style and preferences into every corner. Spanning two bedrooms, the layout includes a generous lounge with a fireplace and French doors leading to a conservatory that captures natural light and scenic views. The kitchen/dining area comes equipped with essential features but holds great potential for reconfiguration or updates to enhance functionality. A useful pantry and utility space further extend the practicality of this home. The exterior features manageable lawns complemented by a paved patio area, perfect for outdoor relaxation. A significant highlight is the expansive driveway, which can accommodate up to eight vehicles—ideal for families or those who enjoy entertaining. Additionally, the detached double garage not only offers ample storage but could also serve as a workshop or hobby space. Positioned in the heart of Idridgehay, residents benefit from easy access to local amenities while enjoying picturesque surroundings. The property is approximately seven miles from Ashbourne and its access routes lead directly to the Peak District National Park, providing a wealth of leisure activities like hiking and water sports at Carsington Water. With Wirksworth nearby for additional services and Derby city within ten miles, this location balances rural charm with convenient connectivity. Given its renovation potential and desirable setting, this bungalow presents a compelling prospect for investors or homeowners aiming to craft their ideal living space in an idyllic countryside village.

Investment Analysis

(DE56 area)

Below Market Value

This property is priced -26.0% below area average per sq ft

-26.0%
Potential saving
This Property
£219/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£557,649
10% above area average per sq ft
Potential ROI
+34.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DE56)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -0.8%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on DE56 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rose Bank, Idridgehay, Belper, Derbyshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE