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Ferrers Way, Ripley

East Midlands

£179,950
Listed on 31/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1032 sqft

Description

This three-bedroom detached house in Ripley represents an excellent opportunity for renovation-minded buyers. Set in a desirable area, the property features a practical layout with an entrance hallway that leads to an open-plan lounge and dining area, providing ample space for modern living. The ground floor includes a breakfast kitchen equipped with essential fixtures, a utility room with plumbing and storage, and a convenient shower room. Upstairs, you'll find three well-proportioned bedrooms along with a WC. Outside, the property boasts an enclosed garden and off-road parking that leads to a single garage. While the home is currently in need of modernization, it offers significant potential for improvement, making it ideal for those looking to invest in a property that can be transformed into their dream home.

Investment Analysis

(DE5 area)

Below Market Value

This property is priced -24.5% below area average per sq ft

-24.5%
Potential saving
This Property
£174/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£184
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£262,288
10% above area average per sq ft
Potential ROI
+19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
63%
Properties sold annually

Local Market Trend (DE5)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -0.1%
5 year growth: +22.8%
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

Ferrers Way, Ripley
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £134,962 over 30 years at 4.06% 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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