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Thomson Drive, Ripley, Derbyshire, DE5

East Midlands

£195,000
Listed on 01/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1130 sqft

Description

Situated in the charming village of Codnor, just a stone's throw from the stunning landscapes of the Derbyshire Peak District, this three-bedroom detached bungalow presents a notable opportunity for modernization and refurbishment. The generously sized rooms lay a solid foundation for potential improvements, enabling a practical living space tailored to contemporary tastes. An integral garage complements the property, while an additional structure in the garden offers versatility as a home office or leisure space. Accessed via a block-paved driveway accommodating 2-3 vehicles and bordered by mature landscaping, the home provides an inviting entrance. Inside, a central hallway leads to a spacious living/dining area with adjoining kitchen that can easily be transformed into an open-plan layout, enhancing the flow of the living space. Three well-proportioned bedrooms offer ample room for families or guests. The existing bathroom features essential amenities with opportunities for modernizing finishes; it includes both a shower cubicle and a separate bath alongside an additional w.c. The private garden is sizeable enough for outdoor activities and relaxation, further increasing its appeal as an entertaining space or tranquil retreat. Codnor benefits from various local amenities including shops, cafes, and schools within walking distance, making daily life convenient. With excellent transport links to major roads like the A610 and M1 nearby, this property is strategically located for those seeking easy access to urban centres while enjoying rural surroundings. This combination of location and potential renovation makes it an attractive proposition for families, first-time buyers, or investors looking to add value in this desirable area.

Investment Analysis

(DE5 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£173/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£295,648
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
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

Thomson Drive, Ripley, Derbyshire, DE5
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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
£696
Based on a loan of £146,250 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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