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5 Jessop Street, Codnor, Ripley, Derbyshire, DE5 9RN - Image 1

5 Jessop Street, Codnor, Ripley, Derbyshire, DE5 9RN

East Midlands

£65,000
Listed on 28/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace house presents a noteworthy opportunity for investors or those looking for a project in the East Midlands. The property is currently vacant and situated on a quiet residential street, conveniently located near local shops and amenities, with easy access to outdoor recreational areas like the Midland Railway Centre Country Park. The house is arranged over two floors with a ground floor that consists of a reception room and kitchen, alongside two bedrooms and a bathroom on the first floor. While the home requires considerable refurbishment, it has potential for transformation into a desirable residence or rental unit. Additionally, the property features a rear garden that could enhance its appeal further. This is an ideal chance to create value through renovation in a promising locale.

Investment Analysis

(DE5 area)
Area Average
£238/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DE5)

Area prices are falling by -13.8% over the last 12 months
3 year growth: -9.3%
5 year growth: +6.1%
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

5 Jessop Street, Codnor, Ripley, Derbyshire, DE5 9RN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£232
Based on a loan of £48,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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