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Heanor Road, Codnor, Ripley

East Midlands

£219,950

Listed on 09/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1006 sqft

Description

This appealing three-bedroom semi-detached residence is being offered with no onward chain, presenting a prime opportunity for future owners to infuse their personal style. The property features an entrance hallway leading to a through lounge/diner, which has the option of being transformed into a spacious open-plan area by removing the dividing doors. A fitted kitchen and a sun room that overlooks a sizeable rear garden enhance its inviting layout. On the first floor, there are two double bedrooms and a comfortable single bedroom accompanied by a three-piece shower room. The exterior boasts ample off-street parking for multiple vehicles at the front, while the back reveals a substantial garden complete with mature plants, a pond, and several practical outbuildings—ideal for gardening enthusiasts or families eager to enjoy outdoor space. This property provides significant renovation potential throughout, making it an attractive investment opportunity.

Investment analysis

(DE5 area)

Below Market Value

This property is priced -9.3% below area average per sq ft

-9.3%
Potential saving
This Property
£219/sq ft
Area Average
£241/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£266,746
10% above area average per sq ft
Potential ROI
+2.6%
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
14%
Properties sold annually

Local Market Trend (DE5)

Area prices are falling by -11.1% over the last 12 months
3 year growth: -6.9%
5 year growth: +8.9%
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

Heanor Road, Codnor, Ripley
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £164,962 over 30 years at 4.45% 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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