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Jessop Street, Codnor, Ripley

East Midlands

£285,000
Listed on 06/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1170 sqft

Description

This well-preserved three-bedroom detached residence, offered chain-free, is situated on a notably large plot that presents considerable opportunities for enhancements and potential redevelopment (pending necessary planning approvals). This property is an intriguing prospect for those looking to enlarge their family living space or venture into longer-term land development. Internally, the layout features an entrance hallway leading to a front reception room with a charming bay window and generous ceiling height, as well as functional under-stairs storage. A rear reception room, fitted kitchen, and a convenient ground floor bathroom complete the main level. Upstairs, there are three spacious bedrooms that benefit from abundant natural light. Outside, the property boasts ample off-street parking along with an expansive rear garden filled with mature plants, a greenhouse, and timber outbuildings. Given the property's sizable grounds, it offers significant potential for extension of the existing house or further land development opportunities, subject to securing planning permissions.

Investment Analysis

(DE5 area)

Above Market Value

This property is priced +5.4% above area average per sq ft

+5.4%
This Property
£244/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£184
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£297,361
10% above area average per sq ft
Potential ROI
-11.2%
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

Jessop Street, Codnor, 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
£1,028
Based on a loan of £213,750 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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