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Babbington Street, Tibshelf, DE55

East Midlands

£400,000
Listed on 21/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1275 sqft

Description

This detached three-bedroom house presents a compelling opportunity for builders and developers, complete with substantial land and existing planning permission for the construction of four semi-detached homes. The proposed plans feature three-storey dwellings, each with parking for eight vehicles, offering significant investment potential in a growing community. Much of the preparatory work is already underway, creating a solid base to start your project without delay. The current home includes an entrance hall, lounge, dining room, kitchen, wet room, and a conservatory—providing ample space that can be enhanced via a proposed double height extension. Additionally, the property boasts a generously sized rear garden and an oversized garage with an adjoining workshop space ideal for various hobbies or trades. Located in the sought-after village of Tibshelf, access to local amenities and outdoor trails further enhances its appeal as a residential or development project.

Investment Analysis

(DE55 area)

Above Market Value

This property is priced +38.4% above area average per sq ft

+38.4%
This Property
£314/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£317,807
10% above area average per sq ft
Potential ROI
-36.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.3% over the last 12 months
3 year growth: +3.7%
5 year growth: +23.0%
Investment Disclaimer: Analysis based on DE55 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

Babbington Street, Tibshelf, DE55
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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
£1,443
Based on a loan of £300,000 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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