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Development Opportunity (Derelict Cottage), Fritchley, Derbyshire

East Midlands

£200,000
Listed on 21/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a notable investment opportunity with the potential for redevelopment in the attractive rural setting of Fritchley, Derbyshire. The site features a derelict traditional sandstone cottage, encompassing two floors and an adjoining outhouse, all situated within a conservation area. The overall footprint measures approximately 9.35m by 4.35m, and the surrounding land spans around 0.39 acres, providing ample space for various uses subject to necessary planning permissions. While utilities are accessible nearby on Bowmer Lane, prospective buyers will need to establish connections as there are currently no services linked to the property. Given its location and zoning, this site holds promise for those looking to create a unique residential or mixed-use development.

Investment Analysis

(DE56 area)
Area Average
£296/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £100,000
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

Development Opportunity (Derelict Cottage), Fritchley, 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
£733
Based on a loan of £150,000 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