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Stirland Street, Codnor, Ripley

East Midlands

£215,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This spacious three-bedroom detached dormer bungalow presents an appealing opportunity for renovation and investment, set on a generous plot that includes two outbuildings and a large driveway. The property is offered with no onward chain, allowing for immediate consideration by prospective buyers looking to create their ideal living space. Inside, the bungalow features a flexible layout, with well-sized living areas including a lounge and dining room that provide an inviting atmosphere. The kitchen, while serviceable, offers significant potential for modernization. Each of the three bedrooms is thoughtfully sized, accommodating various needs—whether as sleeping quarters or dedicated home office spaces. The practical elements of the home include a utility room with direct access to the rear courtyard, enhancing functional use of space. A shower room and bathroom are also included on the ground floor, catering to family needs while providing an opportunity to upgrade and personalize. Externally, the property is positioned back from the road with a gated entrance leading into an expansive driveway that provides ample parking. The two outbuildings offer versatile options; they could be utilized for storage or transformed into workshops or studios, subject to obtaining relevant planning permissions. The surrounding outdoor area presents additional potential for landscaping or further development projects. Located in a desirable area with convenient access to local amenities and transport links, this bungalow represents an excellent investment opportunity. With vision and creativity, this property can be updated into a stunning residence or leased as rental income. Viewing is highly encouraged to fully appreciate both the space available and its renovation possibilities.

Investment Analysis

(DE5 area)
Area Average
£234/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE5)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 2.6%
5 year growth: 25.1%
Investment Disclaimer: Analysis based on DE5 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

Stirland Street, Codnor, Ripley
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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
£788
Based on a loan of £161,250 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